Product Code: GVR-1-68038-869-5
Platelet Rich Plasma Market Growth & Trends:
The global platelet rich plasma market size is expected to reach USD 1.94 billion by 2030, registering a CAGR of 15.11% from 2022 to 2030, according to a new report by Grand View Research, Inc. Rising number of cosmetic surgeries, increasing national and international sporting events, and extending research in plasma-based therapies are fueling the industry growth. Furthermore, R&D activities and regulatory approvals of platelet rich plasma (PRP) based treatments are key market drivers.
Currently, there has been an upsurge in demand for use of PRP in the treatment of sports injuries, orthopedic disorders, and musculoskeletal conditions. It concentrates on growth factors and can significantly reduce healing time. PRP also finds major application in the regenerative medicine field and serves as a custom product for each patient speeding up wound healing and repair cascade.
Platelet rich plasma has evolved in plastic surgery with promising results to utilize the body's own natural tissue repair process to achieve improved form and function. The characteristics such as ease of use, inexpensive to produce utilizing patient's cells, and little or no risk of adverse reactions are the main advantages offered by PRP therapies. However, treatment has been time consuming and requires multiple sessions. Moreover, it helps in skin rejuvenation, skin pigmentation, treating acne scars, and skin tightening during vampire facials. PRP is used as a supplement for hair transplant, which helps in the formation and maintenance of hair follicles. Thus, the widespread uses of platelet rich plasma are anticipated to fuel industry growth.
Furthermore, the key players are implementing strategic initiatives such as mergers and acquisitions, product development, and business expansions to enter the market. In September 2021, Terumo BCT expanded its presence in Costa Rica with the opening of a new manufacturing facility in La Lima, Cartago, with the view to expand its customer base in the U.S. In February 2020, EmCyte Co. acquired Cellmedix Holdings LLC, with its Centrepid platelet concentrator system. This expanded the company's product portfolio and improved its market presence.
In light of COVID-19, the market witnessed a significant setback due to supply chain disruption, constraints in resource allocation, and hindrances in patient access activities, among other reasons. However, by January 2021, the market got stabilized and continue to normalize demand and supply, and users and patients regain access to platelet-rich plasma.
Platelet Rich Plasma Market Report Highlights:
- By type, the pure platelet-rich plasma segment held the largest revenue share of over 50.0% in 2021 due to its widespread use across various therapeutic areas and rising demand for its off-label uses worldwide
- By application, the orthopedics segment dominated the market in 2021 due to an upsurge in the number of research studies to investigate PRP across various applications in orthopedics. However, other segments such as dermatology, sports medicine, and ulcer healing are expected to grow at a faster rate over the forecast period
- The hospitals end-use segment held the largest revenue share in 2021. This can be attributed to an increase in the number of hospitals delivering PRP-based therapies and rising number of knee osteoarthritis cases in recent years
- North America dominated the global market in 2021 due to wider applications of RPP, rising awareness about PRP-based treatments, and increasing number of orthopedics incidences
- Asia Pacific is expected to grow considerably in the future owing to rising number of cosmetic surgeries and growing medical tourism industry
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Assumptions
- 1.2.1 Estimates and Forecast Timeline
- 1.3 Information Procurement
- 1.4 Research Methodology
- 1.5 Information Procurement
- 1.5.1 Purchased Database
- 1.5.2 GVR's Internal Database
- 1.5.3 Secondary Sources
- 1.5.4 Primary Research
- 1.5.5 Details of Primary Research
- 1.6 Information or Data Analysis
- 1.6.1 Platelet Rich Plasma (PRP) Market: segment revenue and growth analysis
- 1.6.2 sports medicine market: segment revenue and growth analysis
- 1.6.3 Platelet Rich Plasma (PRP)-based ulcer healing Market: segment revenue and growth analysis
- 1.6.3.1 Platelet Rich Plasma (PRP)-based ulcer healing Market: segment definition
- 1.6.3.1.1 Non-Healing Ulcers
- 1.6.3.1.1.1 Diabetic Ulcers
- 1.6.3.1.1.2 Pressure Ulcers
- 1.6.3.1.1.3 Pyoderma gangrenosum
- 1.6.3.1.1.4 Venous ulcers
- 1.6.4 Data Analysis Models
- 1.7 Market Formulation & Validation
- 1.8 Model Details
- 1.8.1 Commodity Flow Analysis
- 1.8.1.1 Approach 1: Commodity Flow Approach
- 1.8.1.2 Approach 2: Country-wise market estimation using bottom-up approach
- 1.9 Market: CAGR Calculation
- 1.10 List of Secondary Sources
- 1.11 List of Primary Sources
- 1.12 Objectives
- 1.12.1 Objective 1
- 1.12.2 Objective 2
Chapter 2 Market Definitions
Chapter 3 Executive Summary
- 3.1 Market Outlook
- 3.2 Market Summary
Chapter 4 Host Cell Contaminant Testing Market Variables, Trends & Scope
- 4.1 Market Trends & Outlook
- 4.2 Market Segmentation & Scope
- 4.3 Market Driver Analysis
- 4.3.1 Rise In The Incidence Of Orthopedic Disorders And Sports Injuries
- 4.3.2 Increasing Regulatory Focus On Host Cell Contaminant Detection
- 4.3.3 extending Medical Applications Of Platelet Rich Plasma
- 4.3.4 Increasing Number Of Evidence-Based Studies For Prp-Based Wound Healing
- 4.4 Market Restraint Analysis
- 4.4.1 high Costs Associated With Prp Products
- 4.5 SWOT Analysis, by Factor (Political & Legal, Economic, and Technological)
- 4.6 Porter's Five Forces Analysis
- 4.7 COVID-19 Impact Analysis
- 4.8 Penetration & Growth Prospect Mapping
Chapter 5 Platelet Rich Plasma Market - Segment Analysis, by Type, 2018 - 2030 (USD Million)
- 5.1 Platelet Rich PlasmaMarket: Type Movement Analysis
- 5.2 Pure PRP
- 5.2.1 Pure Prpmarket Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.3 leukocyte Rich Prp
- 5.3.1 leukocyte Rich Prpmarket Estimates And Forecast, 2018 - 2030 (USD Million)
- 5.4 Others
- 5.4.1 Other Type Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 6 Platelet Rich Plasma market - Segment Analysis, By Application, 2018 - 2030 (USD Million)
- 6.1 platelet Rich Plasmamarket: Application Movement Analysis
- 6.2 Orthopedics
- 6.2.1 Orthopedics Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.3 Sports Medicine
- 6.3.1 Sport Medicine market Estimates And Forecast, 2018 - 2030 (USD Million)
- 6.4 Cosmetic Surgery
- 6.4.1 Platelet Rich Plasma (Prp) Market Estimates And Forecast For Cosmetic Surgery, 2018 - 2030
- 6.5 Dermatology
- 6.5.1 Coverage Scenario: U.S. Centers For Medicare & Medicaid Services
- 6.5.2 Platelet Rich Plasma (Prp) Market Estimates And Forecast For Dermatology, 2018 - 2030
- 6.5.3 Ulcer healing
- 6.5.3.1 Platelet Rich Plasma (PRP) Market estimates and forecast for ulcer healing, 2018 - 2030
- 6.5.3.2 Venous ulcers
- 6.5.3.2.1 Platelet Rich Plasma (PRP) Market estimates and forecast for venous ulcers, 2018 - 2030
- 6.5.3.3 Traumatic ulcers
- 6.5.3.3.1 Platelet Rich Plasma (PRP) Market estimates and forecast for traumatic ulcers, 2018 - 2030
- 6.5.3.4 Pyoderma gangrenosum ulcers
- 6.5.3.4.1 Platelet Rich Plasma (PRP) Market estimates and forecast for pyoderma gangrenosum ulcers, 2018 - 2030
- 6.5.3.5 Diabetic ulcers
- 6.5.3.5.1 Platelet Rich Plasma (PRP) Market estimates and forecast for diabetic ulcers, 2018 - 2030
- 6.5.3.6 Trophic ulcers
- 6.5.3.6.1 Platelet Rich Plasma (PRP) Market estimates and forecast for trophic ulcers, 2018 - 2030
- 6.5.3.7 Vasculitic ulcers
- 6.5.3.7.1 Platelet Rich Plasma (PRP) Market estimates and forecast for vasculitic ulcers, 2018 - 2030
- 6.5.4 Others
- 6.5.4.1 Platelet Rich Plasma (PRP) Market estimates and forecast for others, 2018 - 2030
- 6.6 Ophthalmic Surgery
- 6.6.1 Platelet Rich Plasma (Prp) Market Estimates And Forecast For Ophthalmic Surgery, 2018 - 2030
- 6.7 Neurosurgery
- 6.7.1 Platelet Rich Plasma (Prp) Market Estimates And Forecast For Neurosurgery, 2018 - 2030
- 6.8 General Surgery
- 6.8.1 Platelet Rich Plasma (Prp) Market Estimates And Forecast For General Surgery, 2018 - 2030
- 6.9 Others
- 6.9.1 Platelet Rich Plasma (Prp) Market Estimates And Forecast For Others, 2018 - 2030
Chapter 7 Platelet Rich Plasma (PRP) Market - Segment Analysis, by End-use, 2018 - 2030 (USD Million)
- 7.1 Platelet Rich Plasma (PRP): End-use Movement Analysis
- 7.2 Hospitals
- 7.2.1 Hospitals market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.3 Clinics
- 7.3.1 Clinics market Estimates And Forecast, 2018 - 2030 (USD Million)
- 7.4 Others
- 7.4.1 Others market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 8 Platelet Rich Plasma (PRP) Market - Segment Analysis, by Region, 2018 - 2030 (USD Million)
- 8.1 Platelet Rich Plasma (PRP) Market: Regional Movement Analysis
- 8.2 North America
- 8.2.1 North America Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 U.S. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Canada Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.3 Europe
- 8.3.1 Europe Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.3.2 Germany
- 8.3.2.1 Germany Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.3.3 U.K.
- 8.3.3.1 U.K. Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.3.4 Spain
- 8.3.4.1 Spain Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.3.5 France
- 8.3.5.1 France Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.3.6 Italy
- 8.3.6.1 Italy Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.4.2 Japan
- 8.4.2.1 Japan Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.4.3 China
- 8.4.3.1 China Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.4.4 India
- 8.4.4.1 India Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.4.5 South Korea
- 8.4.5.1 South Korea Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.4.6 Australia
- 8.4.6.1 Australia Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.5 Latin America
- 8.5.1 Latin America Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Brazil Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.5.3 Mexico
- 8.5.3.1 Mexico Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.6 Middle East And Africa
- 8.6.1 Middle-East And Africa Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.6.2 South Africa
- 8.6.2.1 South Africa Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.6.3 UAE
- 8.6.3.1 UAE Market Estimates And Forecast, 2018 - 2030 (USD Million)
- 8.6.4 Saudi Arabia
- 8.6.4.1 Saudi Arabia market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9 Company Profile
- 9.1 Strategy Framework
- 9.2 Market Participation Categorization
- 9.3 Company Profiles
- 9.3.1 Johnson & Johnson
- 9.3.1.1 Company overview
- 9.3.1.2 DePuy Synthes
- 9.3.1.2.1 Company overview
- 9.3.1.3 Financial Performance
- 9.3.1.4 Product benchmarking
- 9.3.1.5 Strategic initiatives
- 9.3.2 Arthrex, Inc.
- 9.3.2.1 Company overview
- 9.3.2.2 Financial Performance
- 9.3.2.3 Product benchmarking
- 9.3.2.4 Strategic initiatives
- 9.3.3 EmCyte Corporation
- 9.3.3.1 Company overview
- 9.3.3.2 Product benchmarking
- 9.3.3.3 Strategic initiatives
- 9.3.4 DR. PRP AMERICA, LLC
- 9.3.4.1 Company overview
- 9.3.4.2 Product benchmarking
- 9.3.5 Juventix
- 9.3.5.1 Company overview
- 9.3.5.2 Financial Performance
- 9.3.5.3 Product benchmarking
- 9.3.6 Terumo Corporation
- 9.3.6.1 Company overview
- 9.3.6.2 TERUMO BCT, INC.
- 9.3.6.2.1 Company overview
- 9.3.6.3 Financial Performance
- 9.3.6.4 Product benchmarking
- 9.3.6.5 Strategic initiatives
- 9.3.7 Zimmer Biomet
- 9.3.7.1 Company overview
- 9.3.7.2 Financial Performance
- 9.3.7.3 Product benchmarking
- 9.3.7.4 Strategic initiatives
- 9.3.8 Stryker
- 9.3.8.1 Company overview
- 9.3.8.2 Financial Performance
- 9.3.8.3 Product benchmarking
- 9.3.8.4 Strategic initiatives
- 9.3.9 Apex Biologix
- 9.3.9.1 Company overview
- 9.3.9.2 Financial Performance
- 9.3.9.3 Product benchmarking
- 9.3.9.4 Strategic initiatives
- 9.3.10 Celling Biosciences
- 9.3.10.1 Company overview
- 9.3.10.2 Financial Performance
- 9.3.10.3 Product benchmarking
- 9.3.10.4 Strategic initiatives