Platelet Rich Plasma Market Introduction and Overview
According to SPER Market Research, the Global Platelet Rich Plasma Market is estimated to reach USD 3469.72 million by 2034 with a CAGR of 15.31%.
Platelet-rich plasma consumption is increasing as people participate in more sporting events, which leads to more sports injuries and an increase in cosmetic surgery. PRP treatments have grown in popularity as medical technology has advanced and there is a greater emphasis on less invasive procedures. Furthermore, the increase in sports injuries and the desire for regenerative medicine help to drive market growth. Increased research and clinical trials have further validated PRP's efficacy, accelerating its use in orthopedics, dermatology, and cosmetic surgery. However, challenges with quality control and test findings may further limit the growth of the platelet rich plasma market in the near future.
- May 2023: Dr. John Kahen, the creator of Beverly Hills Med Spa, earned a US patent for Smart PRP therapy. Smart PRP is mostly utilized for hair restoration, but it also has uses in skin rejuvenation, scarring, pigmentation, and texture.
- Crown Aesthetics redesigned its ProGen PRP Advantage product to ProGen PRP Eclipse in November 2022. This simple-to-use technology claimed to generate consistent results that met all of their clients' requirements.
- Terumo Corporation and Osteopore Limited struck an agreement in February 2021 to distribute and promote their respective regenerative products, including PRP, across Asia Pacific.
By Type: Pure platelet-rich plasma has the largest market share. It is a market leader due to its widespread usage in healing, tissue repair, and regeneration. PRP therapies have a low risk of side effects related to allergic and immunological responses. It is well recognized for its off-label use, and manufacturers are eager to develop new products that are likely to expand the market.
By Application: The orthopedics segment dominates the market. PRP is useful in orthopedic therapy because it improves healing, tissue repair, and regeneration. Furthermore, PRP provides the advantages of long-term alleviation, soft tissue reconstruction, and bone reconstruction, which leads to market expansion.
By End Us: Hospitals dominates the market with a highest revenue share. This can be ascribed to the rapid spread of PRP-based therapies in hospitals in recent years, as well as an increase in known osteoarthritis cases, a strong desire for non-surgical treatment, and increased hair loss rates.
By Region: North America generates the most revenue in the market. This is due to the presence of a significant number of manufacturing units engaged in developing novel ways using PRP-based therapies, high procurement at end users such as hospitals and clinics, and the presence of key market participants.
Market Competitive Landscape:
The Global Platelet Rich Plasma Market is highly consolidated. Some of the market players are Apex Biologix, Arthrex, Inc, Celling Biosciences, Dr PRP USA LLC, EmCyte Corporation, Johnson & Johnson Services, Inc, Juventix Regenerative Medical, LLC, Stryker, Terumo Corporation, and Zimmer Biomet.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Application, By End User. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Apex Biologix, Arthrex, Inc, Celling Biosciences, Dr PRP USA LLC, EmCyte Corporation, Johnson & Johnson Services, Inc, Juventix Regenerative Medical, LLC, Stryker, Terumo Corporation, and Zimmer Biomet and others. and others. |
Key Topics Covered in the Report:
- Global Platelet Rich Plasma Market Size (FY’2021-FY’2034)
- Overview of Global Platelet Rich Plasma Market
- Segmentation of Global Platelet Rich Plasma Market By Type (Pure Platelet Rich Plasma, Leukocyte Rich Platelet Rich Plasma)
- Segmentation of Global Platelet Rich Plasma Market By Application (Orthopedics, Sports Medicine, Cosmetic Surgery, Dermatology (Ulcer Healing), Ophthalmic Surgery, Neurosurgery, General Surgery)
- Segmentation of Global Platelet Rich Plasma Market By End User (Hospitals, Clinics)
- Statistical Snap of Global Platelet Rich Plasma Market
- Expansion Analysis of Global Platelet Rich Plasma Market
- Problems and Obstacles in Global Platelet Rich Plasma Market
- Competitive Landscape in the Global Platelet Rich Plasma Market
- Details on Current Investment in Global Platelet Rich Plasma Market
- Competitive Analysis of Global Platelet Rich Plasma Market
- Prominent Players in the Global Platelet Rich Plasma Market
- SWOT Analysis of Global Platelet Rich Plasma Market
- Global Platelet Rich Plasma Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Platelet Rich Plasma Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Platelet Rich Plasma Market
7. Global Platelet Rich Plasma Market, By Type (USD Million) 2021-2034
7.1. Pure Platelet Rich Plasma
7.2. Leukocyte Rich Platelet Rich Plasma
7.3. Others
8. Global Platelet Rich Plasma Market, By Application (USD Million) 2021-2034
8.1. Orthopedics
8.2. Sports Medicine
8.3. Cosmetic Surgery
8.4. Dermatology
8.5. Ophthalmic Surgery
8.6. Neurosurgery
8.7. General Surgery
8.8. Others
9. Global Platelet Rich Plasma Market, By End User (USD Million) 2021-2034
9.1. Hospitals
9.2. Clinics
9.3. Others
10. Global Platelet Rich Plasma Market, (USD Million) 2021-2034
10.1. Global Platelet Rich Plasma Market Size and Market Share
11. Global Platelet Rich Plasma Market, By Region, (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia
11.1.2. China
11.1.3. India
11.1.4. Japan
11.1.5. South Korea
11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France
11.2.2. Germany
11.2.3. Italy
11.2.4. Spain
11.2.5. United Kingdom
11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia
11.3.2. United Arab Emirates
11.3.3. Qatar
11.3.4. South Africa
11.3.5. Egypt
11.3.6. Morocco
11.3.7. Nigeria
11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada
11.4.2. Mexico
11.4.3. United States
11.5. Latin America
11.5.1. Argentina
11.5.2. Brazil
11.5.3. Rest of Latin America
12. Company Profile
12.1. Apex Biologix
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Arthrex, Inc
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Celling Biosciences
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Dr PRP USA LLC
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. EmCyte Corporation
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Johnson & Johnson Services, Inc
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Juventix Regenerative Medical, LLC
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Stryker
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Terumo Corporation
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Zimmer Biomet
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
