Global Platelet Rich Plasma Market Rising Demand Leads to Strong CAGR during the Period 2017 to 2022

Platelet-rich plasma market is growing at a steady pace due to the vast application areas in which it is used in the healthcare industry. The areas of application of platelet-rich plasma therapy include orthopedic diseases, neurological diseases, sports injuries and cosmetic surgery. This Fact.MR report analyzes the expansion of global platelet-rich plasma market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

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The report offers an overview of the global platelet-rich plasma market. This comprises an introduction to the market, along with a standard definition of the service – platelet-rich plasma therapy. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global platelet-rich plasma market, the report provides updates about market opportunities, which can benefit leading service providers of platelet-rich plasma therapy. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for key market players to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of key players, and cost structure are provided in this section.

Highlights on Global Platelet-rich Plasma Market

1) As per the forecast of Fact.MR, the pure platelet-rich plasma kits segment is slated to touch a value of nearly US$ 90 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The pure platelet-rich plasma kits segment is estimated to account for more than one-fourth of the revenue share of the product type segment by the year 2017 end and is expected to lose market share by the year 2022-end.
2) As per the forecast of Fact.MR, the dermatology clinics segment will reach a value of nearly US$ 58 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The dermatology clinics segment is estimated to account for nearly one-fourth of the revenue share of the end user segment in the year 2017 end, and is expected to gain market share by the end of the year 2022.
3) As per the forecast of Fact.MR, the orthopedic surgery segment is slated to reach a value of nearly US$ 151 Mn in 2022. The orthopedic surgery segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the North America region in the orthopedic surgery segment.
4) Fact.MR forecasts the cosmetic surgery segment to grow from nearly US$ 62 Mn in 2017 to nearly US$ 96 Mn in 2022. This represents a compound annual growth rate (CAGR) of 9.2% from 2017 to 2022.

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Hospitals – Key End-users of Platelet-rich Plasma
As per the forecast of Fact.MR, the hospitals end user segment is slated to touch a figure of nearly US$ 184 Mn in the year 2022. This represents a CAGR of 10.0% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The hospitals end user segment is expected to account for nearly half of the revenue share of the end user segment by the year 2017.

Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global platelet-rich plasma market through 2022, which include Arthrex, Inc., Johnson & Johnson, Zimmer Biomet Holdings, Inc., Exactech, Inc., Stryker Corporation, Terumo Medical Corporation, Biotest Aktiengesellschaft and CSL Limited.

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