{"product_id":"platelet-rich-plasma-prp-market-insights-competitive-landscape-and-market-forecast-2028","title":"Platelet Rich Plasma (PRP)- Market Insights, Competitive Landscape, and Market Forecast - 2028","description":"\u003cp\u003ePlatelet Rich Plasma (PRP)- Market Insights, Competitive Landscape, and Market Forecast - 2028\u003c\/p\u003e\n\n\u003cp\u003ePlatelet Rich Plasma (PRP) Market By Product Type (PRP Systems And PRP Kits), By PRP Type (Pure Platelet Rich Plasma, Leukocyte Rich Plasma, And Others), By Application (Orthopedic, Sports Medicine, Cosmetic Surgery, And Others), By End-User (Hospitals, Clinics, And Others), and by geography is expected to grow at a steady CAGR forecast till 2028 owing to the rising demand of platelet-rich plasma (PRP) therapy in various therapeutic applications and the increasing demand for non-surgical and minimally invasive therapy\u003c\/p\u003e\n\n\u003cp\u003eGlobal platelet rich plasma (PRP) market was valued at USD 413 million in 2022, growing at a CAGR of 10.18% during the forecast period from 2023 to 2028 to reach USD 736 million by 2028. The demand for platelet rich plasma (PRP) is primarily being boosted by the increasing figures of patients suffering from orthopedic diseases, sports injuries, acute and chronic wounds, gynecological diseases, urological diseases, among other. In addition, the growing need of PRP in various aesthetic procedures such as cosmetic facials, facial rejuvenation, acne scars, facial scarring, facelift and rhytidectomy, rhinoplasty, hair restoration, fat grafting, and other aesthetic procedures, the increasing product launches and approval among others are thereby contributing to the overall growth of the platelet rich plasma (PRP) market during the forecast period from 2023-2028.\u003c\/p\u003e  \n\n\u003cp\u003ePlatelet Rich Plasma (PRP) Market Dynamics:\u003c\/p\u003e\n\n\u003cp\u003eThe platelet rich plasma (PRP) market is witnessing a growth in product demand owing to various factors, one of the key factors being the increase in the prevalence of various therapeutic indications.\u003c\/p\u003e \n\n\u003cp\u003eAs per the International Osteoporosis Foundation (2021), over 8.9 million fractures related to osteoporosis occurs annually worldwide. It further stated that about one in five men and one in three women over the age of 50 are susceptible to suffer from a fracture due to weak bones.\u003c\/p\u003e\n\n\u003cp\u003eFurthermore, as per the data published by the Osteoarthritis Action Alliance (OAAA), 2020, in the year 2019, about 242 million people worldwide suffered from symptomatic and activity limiting osteoarthritis (OA) which is one of the common types of arthritis. The data also mentioned that about 43% of people with OA are 65 or older and 88% of people with OA are 45 or older in 2019.\u003c\/p\u003e \n\n\u003cp\u003ePRP can be used to treat osteoporosis, and can effectively manage pain in orthopedic disorders. Thus, the increasing prevalence of various orthopedic disease such as arthritis, tennis elbow, golfer's elbow, plantar fasciitis, rotator cuff injuries, and others, will increase the demand of PRP therapy, ultimately increasing the demand of PRP systems and kits used while doing PRP therapy.\u003c\/p\u003e \n\n\u003cp\u003eThe American Academy of Dermatology Association in a latest data stated that acne is the most common skin condition in the United States, affecting up to 50 million people annually. Also, according to International society of Aesthetic Plastic surgery 2021, nearly 20,128 rhinoplasty surgeries and 23,125 face fat grafting surgical procedures were performed in Japan, in 2021. The afore-said source also mentioned that approximately 16,776 rhinoplasty and 9,828 fat grafting surgeries were done in Spain, in 2021.\u003c\/p\u003e \n\n\u003cp\u003ePRP therapy in case of fat grafts offers a better fat grafting survival, a less bruising and inflammation reaction, and easier application of fat grafts. Also, platelets rich plasma (PRP) is claimed to fasten healing process reducing postoperative edema, and bleeding, thus it have a wide application in various cosmetic procedures. Thus, the growing demand of PRP in various aesthetic procedures such as cosmetic facials, facial rejuvenation, acne scars, facial scarring, facelift and others, will create a positive impact on the market of platelet-rich plasma in the upcoming years.\u003c\/p\u003e \n\n\u003cp\u003eAlong with the facial procedures, PRP is also widely used for hair restoration. PRP can be used as a new therapeutic option for hair loss including androgenetic alopecia and female pattern hair loss, either as a monotherapy or an adjuvant to conventional therapy or hair transplantation.\u003c\/p\u003e\n\n\u003cp\u003eTherefore, the above-mentioned factors are contributing to the growth of the platelet rich plasma (PRP) market during the forecast period from 2023-2028.\u003c\/p\u003e \n\n\u003cp\u003eHowever, the presence of alternative treatment options, multiple session, leading to high cost of therapy, and others may restrict the platelet rich plasma (PRP) market growth.\u003c\/p\u003e \n\n\u003cp\u003eThe platelet rich plasma (PRP) market was significantly impacted during the period of COVID- 19 pandemic. The outbreak of the pandemic led to the cancellation of outpatient visits and the suspension of non-emergency hospitalization and treatment procedures for various ailments such as orthopedic and sports injuries, gynecological, urological, cosmetic, and others. This resulted in the reduced number patients of routine treatments of the above mentioned disorders. Moreover, many elective surgeries were postponed as treatment of patients suffering from coronavirus infection was on priority. Additionally, the restrictions in supply chain, raw materials, and other resources halted the manufacturing of devices, leading to the shortage of devices and kits in the market. However, the vaccine development of COVID-19 initiated the process of economic recovery. Also, with the easing of lockdown restrictions and the return of normalcy in the economic landscape initiated the process of resumption of regular healthcare services such as outpatients visits for various treatments, therapies, and surgeries for the afore-mentioned ailments, thereby bringing the demand for products on track in the platelet rich plasma (PRP) market.\u003c\/p\u003e\n\n\u003cp\u003ePlatelet Rich Plasma (PRP) Market Segment Analysis:\u003c\/p\u003e\n\n\u003cp\u003ePlatelet Rich Plasma (PRP) Market by Product Type (PRP Systems and PRP Kits), PRP Type (Pure Platelet Rich Plasma, Leukocyte Rich Plasma, and Others), Application (Orthopedic, Sports Medicine, Cosmetic Surgery, and Others), End-User (Hospitals, Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)\u003c\/p\u003e\n\n\u003cp\u003eIn the product type segment of the platelet rich plasma (PRP) market, the PRP systems category is expected to amass significant revenue share of 60% in the year 2022 growing at a CAGR of 10.46% during the forecast period from 2023-2028. This can be ascribed to the advantages and applications associated with PRP systems.\u003c\/p\u003e \n\n\u003cp\u003eThe commercially available PRP systems facilitate the preparation of ready to apply platelet-rich suspensions in a reproducible manner. These systems operate on a small volume of drawn blood and on the principle of centrifugation.\u003c\/p\u003e \n\n\u003cp\u003eDepending on the method and time of its centrifugation, these systems differ widely in their ability to collect and concentrate platelets.\u003c\/p\u003e \n\n\u003cp\u003eThe PRP systems help to prepare suspensions of different concentration of platelets and leucocytes. For example, Arthrex ACP, a double-syringe system facilitate the safe and rapid preparation of autologous platelet-rich plasma (PRP) from a small sample of blood at the patient's point of care. The prepared PRP can be mixed with autograft and allograft bone prior to application to an orthopedic surgical site as per the need.\u003c\/p\u003e \n\n\u003cp\u003eAlso, the SmartPrep® 3 System by Terumo Corporation is used for producing autologous platelet-rich plasma (PRP) enriched with growth factors. The system has features such as cell capture technology, optimized platelet recovery, consistent results, high platelet concentrations, fast processing time, and volume flexibility.\u003c\/p\u003e\n\n\u003cp\u003eThe increasing technological advancements such as automation of PRP systems is likely to increase their demand. For instance, Angelina is the first completely automated blood centrifuge for autologous PRP generation developed by 2M Engineering. This device does full automatic concentration and extraction of thrombocyte or platelets from whole blood for a range of potential medical applications.\u003c\/p\u003e\n\n\u003cp\u003eTherefore, the advantages offered by the PRP systems are predicted to contribute to the increasing demand for this product type thereby driving the growth of the overall platelet rich plasma (PRP) market during the forecast period.\u003c\/p\u003e \n\n\u003cp\u003eNorth America is expected to dominate the overall Platelet Rich Plasma (PRP) Market:\u003c\/p\u003e\n\n\u003cp\u003eAmong all the regions, North America is estimated to account for the largest share of 43% in the platelet rich plasma (PRP) market in the year 2022. Owing to the factors such as the rising geriatric population, the growing incidents of traumatic injuries due to falls, accidents, and others, the growing number of orthopedic and cosmetic procedures, along with recent product launches in the region, the demand for PRP is expected to increase during the forecast period. Moreover, the rising physician and patient awareness about newly introduced treatment procedures and technologies, are expected to aid in the growth of the North America PRP market. Furthermore, high disposable income, sophisticated healthcare infrastructure, regulatory approval for new devices, and high awareness about ophthalmic diseases also helped the market growth in this region.\u003c\/p\u003e\n\n\u003cp\u003eFor instance, as per a report by the Centers for Disease Control and Prevention (CDC) (2020), more than 32.5 million people were affected with osteoarthritis in 2019, and is one of the most common form of joint disorders in the United States.\u003c\/p\u003e \n\n\u003cp\u003eThe American Academy of Orthopedic Surgeons, stated that each year, almost 2 million people in the United States visit doctors because of rotator cuff (RC) tears. In case of RC tear, PRP injections encourages the body’s healing processes and rally the growth factors to increase regenerative capability at the place of injection.\u003c\/p\u003e\n\n\u003cp\u003eCoupled with the factors mentioned above, strategic activities such as product launches and approvals, mergers, acquisitions, partnerships, and others also help in boosting regional product demand. For instance, in February 2023, Royal Biologics, a company specializing in Advanced Cellular Technologies \u0026amp; Enhanced Autologous Solutions, announced the commercial launch of BIOINCYTE™ PRFM, a next-generation PRP system, which converts traditional PRP to Platelet Rich Fibrin Matrix (PRFM) formulations. Thus, such strategic steps help to increase the demand for platelet rich plasma (PRP), thereby driving the North America platelet rich plasma (PRP) market forward during the forecast period.\u003c\/p\u003e \n\n\u003cp\u003ePlatelet Rich Plasma (PRP) Market Key Players:\u003c\/p\u003e\n\n\u003cp\u003eSome of the key market players operating in the platelet rich plasma (PRP) market include Johnson \u0026amp; Johnson, Zimmer Biomet, Arthrex, Terumo Corporation, Stryker, Dr. PRP USA LLC., Juventix Regenerative Medical, LLC., EmCyte Corporation, Apex Biologix, Celling Biosciences, Isto Biologics, Exactech, Inc., Nuo Therapeutics, Inc., Regen Lab SA, CollPlant Biotechnologies Ltd., Estar Technologies Ltd., ELTEK S.P.A., Royal Biologics, PRP Concepts, Crown, and others.\u003c\/p\u003e\n\n\u003cp\u003eRecent Developmental Activities in the Platelet Rich Plasma (PRP) Market:\u003c\/p\u003e\n\n\u003cp\u003eIn October 2022, i-Stem PRP Kit Platelet Rich Plasma Therapy was launched in the UK, which is a unique, modernized anti-shake patented i-Stem PRP System, for the safe and effective treatment within the exciting field of regenerative medicine, making treatment effective and simple.\u003c\/p\u003e\n\n\u003cp\u003eIn September 2021, Royal Biologics, an ortho-biologics company focused on Autologous and Live Cellular solutions, announced FDA 510K approval of their Maxx- PRP concentration system. The system is a patented next-generation concentration device that can be used to concentrate autologous whole blood for the safe and rapid preparation of platelet-rich plasma to use point of care for mixing with autograft and\/or allograft to improve handling characteristics.\u003c\/p\u003e\n\n\u003cp\u003eIn February 2020, EmCyte, the world leader in platelet rich plasma and progenitor stem cell biologics, announced FDA 510(k) clearance for its PurePRP® Supraphysiologic Concentrating System for platelet rich plasma. The system is cleared to be used for the safe and rapid preparation of autologous platelet rich plasma (PRP) extracted from sample of blood at the patient’s point of care.\u003c\/p\u003e\n\n\u003cp\u003eKey Takeaways from the Platelet Rich Plasma (PRP) Market Report Study\u003c\/p\u003e\n\n\u003cp\u003eMarket size analysis for current platelet rich plasma (PRP) market size (2022), and market forecast for 5 years (2023-2028)\u003c\/p\u003e\n\n\u003cp\u003eThe effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the platelet rich plasma (PRP) market.\u003c\/p\u003e\n\n\u003cp\u003eTop key product\/services\/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years\u003c\/p\u003e\n\n\u003cp\u003eKey companies dominating the global platelet rich plasma (PRP) market.\u003c\/p\u003e\n\n\u003cp\u003eVarious opportunities available for the other competitor in the platelet rich plasma (PRP) market space.\u003c\/p\u003e\n\n\u003cp\u003eWhat are the top-performing segments in 2022? How these segments will perform in 2028.\u003c\/p\u003e\n\n\u003cp\u003eWhich are the top-performing regions and countries in the current platelet rich plasma (PRP) market scenario?\u003c\/p\u003e\n\n\u003cp\u003eWhich are the regions and countries where companies should have concentrated on opportunities for platelet rich plasma (PRP) market growth in the coming future?\u003c\/p\u003e\n\n\u003cp\u003eTarget Audience who can be benefited from this Platelet Rich Plasma (PRP) Market Report Study\u003c\/p\u003e\n\n\u003cp\u003ePlatelet rich plasma (PRP) products providers\u003c\/p\u003e\n\n\u003cp\u003eResearch organizations and consulting companies\u003c\/p\u003e \n\n\u003cp\u003ePlatelet rich plasma (PRP)-related organizations, associations, forums, and other alliances\u003c\/p\u003e\n\n\u003cp\u003eGovernment and corporate offices\u003c\/p\u003e\n\n\u003cp\u003eStart-up companies, venture capitalists, and private equity firms\u003c\/p\u003e\n\n\u003cp\u003eDistributors and Traders dealing in platelet rich plasma (PRP)\u003c\/p\u003e\n\n\u003cp\u003eVarious End-users who want to know more about the platelet rich plasma (PRP) market and the latest technological developments in the platelet rich plasma (PRP) market.\u003c\/p\u003e\n\n\u003cp\u003eFrequently Asked Questions for the Platelet Rich Plasma (PRP) Market:\u003c\/p\u003e\n\n\u003cp\u003e1. What is platelet rich plasma (PRP)?\u003c\/p\u003e\n\n\u003cp\u003ePlatelet-rich plasma (PRP) is an autologous conditioned plasma product derived from peripheral blood with inherent immunomodulatory and anabolic properties.\u003c\/p\u003e \n\n\u003cp\u003e2. What is the market for global platelet rich plasma (PRP)?\u003c\/p\u003e\n\n\u003cp\u003eGlobal platelet rich plasma (PRP) market was valued at USD 413 million in 2022, growing at a CAGR of 10.18% during the forecast period from 2023 to 2028 to reach USD 736 million by 2028.\u003c\/p\u003e\n\n\u003cp\u003e3. What are the drivers for global platelet rich plasma (PRP) market?\u003c\/p\u003e\n\n\u003cp\u003eThe demand for platelet rich plasma (PRP) is primarily being heightened by the increasing prevalence of various therapeutic diseases such as orthopedic, gynecological, urological, and others. In addition, the surging demand of non-surgical and non-invasive surgeries across the globe, the increasing number of aesthetic procedures using PRP therapy, increasing product launches and approvals, among others, thereby contribute to the overall growth of the platelet rich plasma (PRP) market during the forecast period from 2023-2028.\u003c\/p\u003e \n\n\u003cp\u003e4. Who are the key players operating in the global platelet rich plasma (PRP) market?\u003c\/p\u003e\n\n\u003cp\u003eSome of the key market players operating in the platelet rich plasma (PRP) market include Johnson \u0026amp; Johnson, Zimmer Biomet, Arthrex, Terumo Corporation, Stryker, Dr. PRP USA LLC., Juventix Regenerative Medical, LLC., EmCyte Corporation, Apex Biologix, Celling Biosciences, Isto Biologics, Exactech, Inc., Nuo Therapeutics, Inc., Regen Lab SA, CollPlant Biotechnologies Ltd., Estar Technologies Ltd., ELTEK S.P.A., Royal Biologics, PRP Concepts, Crown, and others.\u003c\/p\u003e\n\n\u003cp\u003e5. Which region has the highest share in the platelet rich plasma (PRP) market?\u003c\/p\u003e\n\n\u003cp\u003eNorth America is expected to dominate the overall Platelet Rich Plasma (PRP) market during the forecast period from 2023-2028. Factors such as the upsurge in the ageing population susceptible to various disorders, rise in the number of osteoporosis cases, growing number of cosmetic surgeries, among others will positively impact the North American Platelet Rich Plasma (PRP) market. Furthermore, high disposable income, sophisticated healthcare infrastructure, regulatory approval for new devices, and high awareness about PRP therapy also helped the market growth in this region.\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"April, 2023 \/ 100 Pages \/ MCW16236261","offer_id":47651461267762,"sku":null,"price":3300.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/platelet-rich-plasma-prp-market-insights-competitive-landscape-and-market-forecast-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}