Platelet Rich Plasma (PRP) Market – Global Industry Analysis, Size and Forecast, 2016 to 2026

Shared by Ram Singh | 0 0 0 | about 5 months ago

Platelet rich plasma (PRP) is a blood plasma derived product, which typically consist of enriched platelets along with several growth factors, which ensure quick healing of bone as well as other soft tissues. Over last few years, preference as well as demand for platelet rich plasma based therapies have increased significantly. Injuries such as rotator cuff, hamstring, tendon injuries, tennis elbow necessitates PRP based therapy; and an increasing number of such injuries have been reported. In addition, number of orthopaedic surgeries, sports injuries and cosmetic surgeries also surged up, translating into the need for PRP based therapy viz.a.viz platelet rich plasma. Furthermore, use of PRP have also been established for diseases, where it was not used previously. Erectile dysfunction and facelift surgeries are some of few newly discovered area where PRPs can be used and potentially boost Platelet rich Plasma market growth during the forecast period. However, high cost of medical devices and PRP therapy are some of the factors restricting the market growth to some extent.

PRP products are widely used in cosmetic surgeries to improve facial aesthetics, enhance the rate of injury healing and modify facial structure (vampire facelift treatment). In addition, cosmetic surgeries performed with the use of PRP products modify the facial aesthetics in a short period of time due to reduction in the healing time. Thus, cosmetic surgery application segment is likely to witness the impressive growth rate of over 14% during the forecast period from 2016 to 2026. Demand for PRP from cosmetic surgery application is estimated to surpass US$ 59 Mn by 2016, up from US$ 52.4 Mn in 2015, registering a Y-o-Y growth of 13.6% in 2016.

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