1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Platelet Rich Plasma Market?
The projected CAGR is approximately 17.2%.
U.S. Platelet Rich Plasma Market by Product (Pure Platelet Rich Plasma {Pure PRP}, Leukocyte-rich Platelet Rich Plasma {L-PRP}, Platelet Rich Fibrin {PRF}, Others), by Application (Orthopedics, Neurology, Cosmetics, Wound Care, Others), by End User (Hospital & ASCs, Specialty Clinics, Others), by Forecast 2025-2033
The U.S. Platelet Rich Plasma Market size was valued at USD 117.2 USD Million in 2023 and is projected to reach USD 355.98 USD Million by 2032, exhibiting a CAGR of 17.2 % during the forecast period. PRP is a regenerative therapy that enriches the platelet in a patient's own blood to form a specific component which is used to treat such conditions and diseases that affect the forming of new cells and tissues. Classes can be divided into 2 types, the leukocyte-rich and leukocyte-poor, based on their levels of white blood cell counts. PRP factores high platelet concentration resulting in the release of growth factors responsible for tissue repair and regeneration. They can start with a simple orthopedics field, then, move on, to dermatology- and even cosmetics fields, like hair restoration. US, the thousand-dollar market allocates another $6.2 billion in medical expenses on basically minimally invasive treatments and advancing in medical technology as well. However, it also has its downsides in the form of regulations and reimbursement policies that restrict the market growth.
Product:
Application:
End User:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 17.2% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 17.2%.
Key companies in the market include Arthrex, Inc. (U.S.), Zimmer Biomet (U.S.), Isto Biologics (U.S.), ThermoGenesis Holdings, Inc. (U.S.), Exactech, Inc. (U.S.), EmCyte Corporation (U.S.), Stryker (U.S.), Medical Devices Business Services, Inc. (Johnson & Johnson Services, Inc.) (U.S.), Terumo Corporation (Japan).
The market segments include Product, Application, End User.
The market size is estimated to be USD 117.2 USD Million as of 2022.
Rising Technological Developments in Products to Propel Market Growth.
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
Stringent Regulatory Scenario and Relevant Side-Effects to Impede Growth Prospects.
June 2023- Isto Biologics launched Precise, a brand-new technology that delivers a final platelet rich plasma product with precision cellular fractions upon concentration. This product allows physicians and surgeons to customize their PRP to fit patient needs.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
The market size is provided in terms of value, measured in USD Million.
Yes, the market keyword associated with the report is "U.S. Platelet Rich Plasma Market," which aids in identifying and referencing the specific market segment covered.
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