Throughout the course of the anticipated year, a surge in cosmetic procedures is predicted to fuel platelet rich plasma market expansion. For instance, in 2020, 129,10,528 surgical treatments, such as ear surgery, liposuction, and eyelid surgery, were conducted globally, compared to 400,14,347 non-surgical ones, such as hair removal, photo rejuvenation, and botulinum toxin. The International Society of Aesthetic Plastic Surgery conducted a survey to support this.
Also, it is anticipated that the occurrence of sports injuries would contribute to the growth of the worldwide platelet rich plasma market during the course of the forecast period.
The size of the global Platelet Rich Plasma Market is predicted to be US$ 442.7 million in 2022 and to grow at a CAGR of 12.4% from 2022 to 2030.
Key Competitors in the Platelet Rich Plasma Industry:
1) Arthrex, Inc.: Maker of nursing products with orthopaedic surgical tools in mind. The company produces and distributes orthopaedic surgical, orthobiologics, and arthroplasty products that help medical professionals deliver care more effectively and with better results. Established in 1981. Located in Naples, Florida.
2) Stryker Corporation: A variety of medical tools, devices, consumables, and implantables are created, produced, and sold by Stryker. Knee and hip replacements, operating room supplies, endoscope systems, hospital beds and gurneys, embolic coils, and spinal devices are among the product categories. Stryker continues to be one of the top three suppliers of reconstructive orthopaedic implants and is the market leader in operating room supplies. United States headquarters in Kalamazoo, Michigan. Founded in 1941. 46 purchases and 4 investments have been done by Stryker. Around $21.40 billion has been spent by the corporation on acquisitions. Stryker has made investments across a range of industries, including surgical instruments, orthopaedics, healthcare Technology, and more.
3) Johnson and Johnsons Ltd.: Johnson & Johnson is the biggest and most diverse healthcare firm in the world. The business is split into three segments: pharmaceutical, medical equipment and diagnostics, and consumer. erected in 1957. headquartered in New Brunswick, New Jersey, a country within the United States.
4) Zimmer Biomet Holdings Inc.: Orthopedic reconstructive implants are created, produced, and sold by Zimmer Biomet, along with orthopaedic surgery materials and tools. Zimmer currently owns the largest market share for reconstructive surgery in the US, Europe, and Japan thanks to the acquisitions of Centerpulse in 2003 and Biomet in 2015. The American state of Indiana is home to Zimmer Biomet's corporate headquarters. created in 1927. The privately held medical device company Embody, Inc., which specialises in soft tissue healing, will be purchased by Zimmer Biomet Holdings, Inc. for $155 million at closing and an additional $120 million subject to the achievement of future regulatory and commercial milestones over the course of three years (NYSE and SIX: ZBH), a leader in global medical technology.
5) Terumo Corporation: Terumo Corp produces and distributes medical supplies and apparatus. The company's three primary operations are general hospital, cardiac and vascular, and blood management. Sales of cardiovascular surgical systems, neurovascular products, vascular graft products, and cardiac and endovascular interventional therapies are all made in the cardiac and vascular business, which accounts for the majority of sales. Headquarters in Tokyo, Japan's Shibuya City. September 1921 saw the founding. Terumo signs a legally binding contract to buy Health Outcomes Sciences, Inc.'s whole business.
6) Glofinn Oy: Glofinn Oy., a partner in a medical joint venture between a Finnish medical research organisation and a researcher and manufacturer in Korea, co-researched and co-developed the GLO PRP system, a cutting-edge solution for the most complex regenerative medicine industry. Founded in Varsinais-Suomi, Finland.
Definition: PRP (platelet-rich plasma) has seven or more growth factors. It can be used to treat a variety of conditions, knee arthritis, fractures, chronic tendon injuries, including surgery, acute ligament and muscle injuries, and discomfort.
