Platelet rich plasma market Size to reach USD 1,234.8 Million 2032 | Emergen Research

Increasing Sports injuries and rising demand of Cosmetic and surgery procedure are key factors driving the market revenue growth.

The global platelet rich plasma market size was USD 332.0 Million in 2022 and is expected to register a revenue CAGR of 14.0% during the forecast period. A recent market research report highlights the significant role played by rapid technological advancements in PRP and the growing prevalence of arthritis in propelling market revenue growth.
The surge in sports participation globally has led to a higher incidence of sports injuries. Athletes pushing their bodies to the limit often experience tendonitis, ligament sprains, muscle tears, and cartilage injuries. PRP therapy accelerates healing, reduces pain, and promotes tissue repair in such cases.

Technological advancements have made PRP therapy more accessible, with the development of wearable orthopedic devices and telemedicine platforms simplifying patient monitoring and management. Innovations such as Leukocyte-depleted PRP and Gene-activated PRP are further enhancing the therapeutic potential of platelet concentrates.

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Availability of alternative therapies poses a significant challenge to the adoption of PRP therapy. Established treatments like physiotherapy, exercise therapy, and Nonsteroidal Anti-Inflammatory Drugs (NSAIDs) are preferred due to their lower cost profile and regulatory approval in many regions.

Segment Insights

The pure platelet rich plasma (P-PRP) segment dominates the market due to its versatility and safety profile compared to leukocyte-rich PRP (L-PRP). However, the leukocyte-rich segment is expected to witness steady growth, especially in combination therapies, offering a cost-effective alternative.
Orthopedic applications lead the market, addressing conditions such as osteoarthritis and tendon injuries. Cosmetic surgery applications are expected to grow at the highest CAGR, driven by the increasing demand for minimally invasive procedures.

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Hospitals play a dominant role in PRP therapy, offering advanced infrastructure and specialized healthcare providers. They provide integrated care, ensuring seamless coordination between PRP therapy and other treatment modalities.

Major Companies and Competitive Landscape
The global platelet rich plasma market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Platelet Rich Plasma solutions.
Some major players included in the global platelet rich plasma market report are:
• Johnson and Johnson Private Limited
• EmCyte Corporation
• Zimmer Biomet India
• Arthrex, Inc.
• Stryker
• Celling Biosciences, Inc.
• Terumo Medical Corporation
• Abbott
• Acon Laboratories, Inc.
• Royal Biologics

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Strategic Development

• On 15 December 2022, RegenOrthoSport, an interventional orthopedic medical clinic developed a new, more concentrated, and purified form of platelet-rich plasma (PRP). This advanced PRP is produced using a specialized technique that results in a higher concentration of healing growth factors, making it more effective in stimulating the body's natural healing response. Regen OrthoSport's PRP procedures are guided by high-level imaging to ensure precise placement of PRP into the target area. PRP is commonly used to treat soft tissue injuries, mild arthritis, spine conditions, and nerve pain.

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Platelet Rich Plasma Market Segment Analysis
For the purpose of this report, Emergen Research has segmented global Platelet rich plasma market on the basis of Type, Application, End-Use, and region:
• Type Outlook (Revenue, USD Million; 2019-2032)
o Pure platelet Rich plasma
o Leukocyte Rich
o Others

• Application Outlook (Revenue, USD Million; 2019-2032)
o Orthopedic
1. Arthritis
2. Bone repair and regeneration
o Cosmetics surgery
o Sports Medicine
o Neurology
o Cardiology
o Dermatology
1. Plastic Surgery
2. Ulcer Healing
o Dental
o Others

• End-Use Outlook (Revenue, USD Million; 2019-2032)
o Hospital
o Clinic
o Research Institute
o Others

• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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