Plasma Therapy Market is forecast to reach a value of US$ 698.46 million by 2030 at a CAGR of 8.5% between 2022 and 2030

The use of plasma therapy has proven to be effective for back pain and dermatological treatment. As this method of treatment is considered to be much safer, the use of plasma therapy for orthopedic illnesses and skin diseases has increased drastically. The therapy is less painful, causes less thermal damage and bleeding during the process, and improves the recovery period considerably. More importantly, it poses no risk of transurethral resection (TUR) syndrome and other side effects.

The global plasma therapy market is projected to reach $698.46 million by 2030, registering a CAGR of 8.5% from 2021 to 2030.

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Impact of COVID-19 Pandemic on the Plasma Therapy Market

Plasma from the blood of a patient who recovered from the COVID-19 was used for treatment of another patient suffering from COVID-19. Convalescent plasma can potentially develop as an effective treatment option to battle against the pandemic. Thus, rise in demand for plasma derived immunoglobulins for treatment procedures for COVID-19 patients with autoimmune and inflammatory disorders, which is anticipated to drive growth of the plasma fractionation market for immunoglobulin.

Plasma therapy is used for treatment of many disorders such as hair loss, tendon injuries, acute injuries, post-surgical repair, and osteoarthritis and currently for treatment of COVID-19. Furthermore, several manufacturers are initiating plasma processing to tackle the spread of coronavirus across the world. Therefore, the global plasma therapy market is expected to witness significant growth during the forecast period.

Platelet-rich plasma (PRP) therapy gained traction for dealing with skin diseases. The treatment gained popularity as a "vampire facial" as it used plasma from other patients to stimulate skin regeneration. People who are more concerned about injecting foreign chemicals into their bodies prefer to undergo plasma therapy, especially treating hair regeneration and acne scarring. What's more, PRP therapy can stimulate hair growth cells and help gain thicker hair over time.

Apart from the treatment of skin diseases, plasma therapy to treatment of the orthopedic condition is considered to be one of the rapidly-evolving branches of science. Several clinical results show that PRP is a more promising method to treat soft tissues and bone-related injuries compared to traditional methods. Now, plasma therapy is recommended to treat various conditions such as rotator cuff injury, Achilles tendinopathy, and lateral epicondylitis.

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