Published Date: August, 2017
A recent report published by Infinium Global Research on platelet rich plasma market provides in depth analysis of segments and sub-segments in global as well as regional platelet rich plasma market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional platelet rich plasma market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global platelet rich plasma market. According to report the global platelet rich plasma market is projected to grow at a CAGR of 12.5% over the forecast period of 2017-2023.
Platelet rich plasma is plasma with more platelets than what is typically found in blood. To develop a plasma rich platelet preparation, blood must first be drawn from a patient. The platelets are separated from other blood cells and their concentration is increased during a process called centrifugation, after that the increased concentration of platelets is combined with remaining blood. Platelet rich plasma has a strong effect in the early phase of healing. Furthermore, platelet rich plasma is used for ligament and tendon injuries, knee osteoarthritis, degenerative knee cartilage and chronic elbow necessities, muscle strain and tears.
Figure 1: Global Platelet Rich Plasma Market by Value 2015-2023
Increasing chronic disease population, increasing number patients suffering with orthopedic injuries, rising number of cosmetic surgeries, and increasing awareness about benefits associated with platelet rich plasma are key factors driving the growth of this market over forecast period. However, high cost associated with medical devices used for treatment and threats associated with PRP therapy are the key restraining factors affecting the growth of global platelet rich plasma market. Nevertheless, growing geriatric population and development of new applications of PRP technologies are likely to bring more opportunities to this market for major players and new entrants.
The report on global platelet rich plasma market covers segments such as, source type and application. On the basis of source type the global platelet rich plasma market is categorized into autologous, homologous and allogenic. On the basis of application the global platelet rich plasma market is categorized into orthopedic surgery, cosmetic surgery, general surgery, neurosurgery and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.
Figure 2: Global Platelet Rich Plasma Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017-2023.
The report provides profiles of the companies in the global platelet rich plasma market such as, Harvest Technologies Corporation, Arthrex, Inc., Zimmer Biomet, DePuy Synthes, Inc, Stryker Corporation, AdiStem Ltd., Cesca Therapeutics, Inc., Emcyte Corporation, Estar Technologies Ltd. and Eclipse Aesthetics, LLC..
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global platelet rich plasma market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of platelet rich plasma market. Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the platelet rich plasma market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the platelet rich plasma market to understand the present and future trends in this market and formulate their strategies accordingly.
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