Press release
PRP and PRF in Cosmetics Market to Witness Exponential Growth, Surpassing US$ 483 Million by 2031
PRP and PRF in Cosmetics Market
Market Overview: The rise in the number of cosmetic surgeries, coupled with the growing awareness of the benefits of PRP and PRF therapies, is propelling the global market. Developed economies such as the U.S. and Europe dominated the market in 2021. However, challenges such as high product costs and potential complications in cosmetic surgeries may pose restraints. Nevertheless, the increasing demand for platelet-rich plasma (PRP) treatment, known for improving skin volume, tone, and texture while reducing wrinkles, is expected to drive market growth during the forecast period.
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Factors Driving Market Growth:
Increased Spending Capacity Post-COVID-19 Peak: The spending capacity of individuals has risen post the peak of the COVID-19 pandemic, providing companies in the market with an opportunity to increase awareness about the benefits of PRP and PRF in clinics.
Rise in Cosmetic Surgical Procedures: The market is witnessing a surge in the number of cosmetic surgical procedures globally, with PRP and PRF therapies gaining prominence for facial rejuvenation.
Growing Awareness about PRP Therapy: PRP therapy, first used in cardiac surgery in 1987, has gained widespread recognition for its applications in cosmetic treatments. It is increasingly used to reduce wrinkles, improve complexion, and address various skin concerns.
Market Dynamics:
Surge in Facial Cosmetic Surgeries: The market is witnessing an increase in the number of facial cosmetic surgeries, driving the demand for PRP therapy, known for its effectiveness in facial therapy, rhytides treatment, oral-maxillofacial surgery, and soft tissue repair.
Prominence of Pure-PRP: The pure-PRP segment is anticipated to account for a significant share of the market, driven by technological advancements, rich platelet content, ease of production, and cost-effectiveness.
Autologous Products in Skin Healing: The cost-effectiveness of autologous PRP and PRF is propelling the autologous segment, as platelet-rich plasma proves to be a prominent source in regenerative medicine.
Growing Need for Skin Rejuvenation: The demand for PRP and PRF cosmetic treatments, particularly in skin rejuvenation, is on the rise due to an increase in cosmetic surgeries and a well-established healthcare infrastructure.
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Companies Profiled
• Stryker Corporation
• Croma-Pharma GmbH
• Zimmer Biomet
• Isto Biologics
• Exactech, Inc.
• EmCyte Corporation
• Regen Lab
• APEX Biologix
• ThermoGenesis Holdings, Inc.
Market Segmentation
Type
• Pure-PRP
• Leukocyte-rich PRP
• Pure-PRF
Origin
• Autologous
• Allogeneic
• Homologous
• Others
Cosmetic Application
• Skin Rejuvenation
• Face Lift
• Hair Application
• Plastic Surgery
• Scar-related Treatment
• Others
Regions Covered
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Transparency Market Research Inc.
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