Platelet Rich Plasma (PRP) Market – Valuable Growth Prospects and Insights on Future Scenario || Arthrex Inc., Stryker Corporation, Johnson and Johnsons Ltd, Zimmer Biomet Holdings Inc., Terumo Corporation, Glofinn Oy

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Platelet Rich Plasma (PRP) Market – Valuable Growth Prospects and Insights on Future Scenario”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2024. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Platelet Rich Plasma. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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.

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The Europe PRP market report begins by defining ‘PRP’ and its types. It also lists the various application for PRP therapy. This is followed by an overview of the Europe PRP market. The overview section includes FMI’s analysis of the key trends, drivers, restraints, trends and opportunities that are influencing growth of PRP market currently. Impact analysis of the key growth drivers and restraints based on the weighted average model has also been included in the ‘European Platelet Rich Plasma (PRP) Market’ to better equip customers and readers with country specific trends and insights.

The primary driving factors for the PRP market are significant increase in the number of sports injuries, rising prevalence of musculoskeletal injuries, progressive demographic ageing of the older population and technological advancements in PRP therapy to improve success and recovery rate. Furthermore, increase in demand of PRP therapy in sports injuries and ease in regulatory approvals has also triggered growth of the Europe PRP market.

On the basis of product type, the Europe PRP market is segmented into instruments and kits product type segment. Furthermore, kits product type segment is further sub-segmented into P-PRP kits, L-PRP kits, L-PRF kits and P-PRF kits based on end product type and into autologous - PRP kits, homologous - PRP kits, and allogeneic - PRP kits based on the source of blood. Secondly, the market is also segmented based on application in orthopaedic industry. A detailed analysis of all the categories of application has been provided in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.

The next section of the report highlights the PRP market by country. It provides the market outlook for 2016–2024 and sets the forecast within the context of the PRP market. The study discusses the key regional trends and contracts contributing to growth of the PRP market in European region, as well as analyses the extent to which the drivers are influencing this market in this region. Key country assessed in this report include the U.K., Germany, France, Italy, Spain and rest of Europe.

The above sections – by product type, application, and country – evaluate the present scenario and growth prospects of the PRP market for the period 2016–2024. We have considered 2015 as the base year and provided data for the forecast period, i.e. 2016–2024.

The forecast presented here assesses the total revenue generated across the PRP market in Europe region over the forecast period. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the PRP market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis, i.e. by supply side, downstream industry demand and the economic envelope.

It is imperative to note that in an ever-fluctuating European economy, we not only conduct forecasts in terms of CAGR, but also analyse based on key parameters, such as Year-on-Year (Y-o-Y) growth rates, to understand the predictability of the market and to identify the right opportunities in it.

The PRP market segments in terms of products, application and countries are analysed on the basis of their respective Basis Point (BPS) to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends in the PRP market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective of the PRP market.

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To understand key growth segments, Future Market Insights developed the PRP market ‘Attractiveness Index’. The resulting index helps providers to identify real market opportunities.

In the final section of the report on the PRP market, the ‘Competitive Landscape’ is included to provide report audiences with a dashboard view, to access the key differentiators among the competitor firms. Key categories of providers covered in the report are instruments and kits. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the PRP value chain and the potential players with regard to the same. However, this section also includes market strategies and SWOT analysis of the main players in the market.

Detailed profiles of the medical device companies are also included in the scope of the report to evaluate their long-term and short-term strategies. Key players in the market include Arthrex, Inc., Stryker Corporation, Johnson and Johnsons Ltd, Zimmer Biomet Holdings Inc., Terumo Corporation, Glofinn Oy, Medira Ltd., and Regen Lab S.A.

Key Segments Covered

Product Type

Instruments

Kits

Kits BY Type

Pure Platelet-Rich Plasma (P-PRP)

Leukocyte-Rich Platelet-Rich Plasma (L-PRP)

Leukocyte-Platelet-Rich Fibrin (L-PRF)

Pure Platelet-Rich Fibrin (P-PRF)

Kits BY Origin

Autologous Platelet-Rich Plasma

Homologus Platelet-Rich Plasma

Allogeneic Platelet-Rich Plasma

By Application

Knee

Elbow

Foot and Ankle

Shoulder

CMF

Others

Key Countries Covered

Europe

The U.K.

France

Germany

Spain

Italy

Rest of Europe

Key Companies

Arthrex, Inc.

Stryker Corporation

Johnson and Johnsons Ltd

Zimmer Biomet Holdings Inc.

Terumo Corporation

Glofinn Oy

Medira Ltd.

Regen Lab S.A.

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