PRP and PRF in Cosmetics Market to Register Substantial Expansion by 2031

Overview of PRP and PRF in Cosmetics Market

Rise in number of cosmetic surgical procedures, surge in awareness about PRP and PRF therapies, and increase in applications of PRP & PRF in cosmetics are propelling the global market. Developed economies such as the U.S. and countries in Europe accounted for substantial share of the global PRP and PRF in cosmetics market in 2021. However, high cost of products and possibility of complications in cosmetic surgeries are expected to restrain the global PRP and PRF in cosmetics market. Nevertheless, the platelet-rich plasma (PRP) treatment shows improvement in volume, tone, and texture of the skin. It also reduces the appearance of wrinkles. Hence, PRP therapy is becoming quite popular in skin treatment. Thus, demand for PRP and PRF in cosmetics is likely to increase during the forecast period.

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Over the last few years, small and large biopharmaceutical companies have become increasingly reliant on contract research organizations (CROs) and other clinical service specialists to provide research services for their R&D operations. Changing lifestyles of the people in developing regions, increase in per capita income, and rise in awareness about beautification contribute to the growth of the global PRP and PRF in cosmetics market. Outsourcing of stem cell trials is also expected to drive the market by the end of the forecast period.

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Surge in Awareness about Benefits of PRP Therapy to Drive Global Market

PRP was first used in cardiac surgery in 1987. Awareness about the advantages and applications of PRP was limited to research laboratories. Currently, value-added advantages and applications of PRP therapy over conventional wound healing & disease treatments, such as surgery and medicines, have resulted in higher demand for PRP products globally. This is offsetting the limitations of PRP and PRF in cosmetics.

PRP therapy is used in cosmetics to reduce wrinkles, plump up the sagging skin, get rid of deep creases, improve complexion, and diminish acne scars. The middle-aged and elderly population is increasingly opting for plastic surgeries to look esthetically appealing and young. Thus, rise in awareness about these surgeries among the population is projected to boost the market during the forecast period.

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Increase in awareness has also been driving the demand for platelet rich plasma therapy since the last few years in emerging economies such as China, India, Brazil, and Russia as well as in developed regions including North America and Europe. Global players such as Cesca, Harvest, Arthrex, and Biomet are strengthening their existing distribution networks in these regions in order to increase their market presence.

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Rise in Number of Facial Cosmetic Surgeries Boosting Demand for PRP Therapy

PRP and PRF exhibit high potential in cosmetic treatments. PRP therapy can be used as a dermal filler for rapid healing of injuries. It is an effective substitute for hyaluronic acid. According to the International Society of Aesthetic Plastic Surgery (ISAPS), around 10,129,529 cosmetic surgeries were performed in 2020 across the world, which included 1,601,713 breast augmentation procedures, 968,381 eyelid surgeries, and 1,300,020 liposuction procedures. As per the American Society of Plastic Surgeons (ASPS), about 1,811,754 cosmetic surgical procedures were performed in the U.S. in 2020. Thus, increase in the number of cosmetic surgeries is likely to drive the demand for PRP and PRF in cosmetics during the forecast period.

According to the American Society of Plastic Surgeons (ASPS), plastic surgery gained popularity in 2020, with around 18.1 million cosmetic procedures performed in the same year, along with 16.23 million cosmetic minimally-invasive procedures. Adoption of platelet rich plasma therapy is increasing due to its effectiveness in facial therapy, rhytides treatment, oral-maxillofacial surgery, and augmentation of soft tissue repair. This is likely to propel the market during the forecast period.

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