Platelet Concentration Systems Market Booming So Rapidly 2021, by Top Key Players Anthrax Inc., Stryker Corporation, Johnson & Johnson’s, Zimmer Biomet Holdings

Platelet concentration systems are designed for safe and rapid preparation of platelet rich plasma at the point-of-care from a small amount of patient’s blood sample.

Platelet-rich plasma is a non-surgical alternative to cure areas such as orthopedics, sports medicine, dentistry, ENT, neurosurgery, ophthalmology, urology, and wound healing as well as cosmetic, cardiothoracic, and maxillofacial surgery.

The global platelet concentration systems market is estimated to be valued at US$ 286.9 million in 2020 and is expected to exhibit a CAGR of 21.2% during the forecast period (2020-2027).

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Platelet concentration systems are designed for safe and rapid preparation of platelet rich plasma at the point of care from a small amount of patient’s blood sample.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to more 100 countries around the globe with the World Health Organization declaring it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in more than 63.3 million infected individuals worldwide as of 30 November 2020.

COVID-19 can affect the global economy in three main ways; by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Due to the lockdown, many countries such as Italy, Spain, U.K., the U.S., Australia, India, and others are facing problems with regards to the supply and demand side of Platelet Concentration Systems

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Increasing healthcare facilities for geriatric population and sports injuries has boosted growth of the market. Increasing concern of the young population about aesthetic appeal has propelled the market growth due to applications of PRP in cosmetic surgery. For instance, according to the American Society of Plastic Surgeons (ASPS) reports, platelet-rich plasma (PRP) treatment was estimated to increase by 12% from around 113,356 procedures in 2017 to around 127,394 procedures in 2018.

Furthermore, increasing number of orthopedic surgeries and sports injuries, and new product approvals are expected to propel growth of the market during the forecast period. For instance, in 2018, according to the Arthritis Foundation reports, 54 million adults and approximately 300,000 babies and children suffered from arthritis in the U.S.

Europe is expected to observe the fastest growth during the forecast period, owing to increasing geriatric population and high adoption of knee osteoarthritis treatment by age group. For instance, according to the study ‘Osteoarthritis in Europe: Impact on health status, work productivity and use of pharmacotherapies in five European countries’ that examined the impact of peripheral joint osteoarthritis across five European countries, U.K. (43.6%), France, (25.6%), Germany, (15.2%), Spain, (8.4%), and Italy (7.1%) recorded high prevalence of peripheral joint osteoarthritis.

Key players operating in the global platelet concentration systems market include Anthrax Inc., Stryker Corporation, Johnson & Johnson’s, Zimmer Biomet Holdings Inc., Terumo Corporation, Arteriocyte Medical Systems, Inc., Exactech Inc., Harvest Technologies Corp., and Nuo Therapeutics, Inc.

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