The global platelet rich plasma (PRP) tubes market is expected to reach US$ 1,640.94 million by 2028 registering at a CAGR of 16.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners
Orthopedics Segment to Lead Platelet Rich Plasma (PRP) Tubes Market During 2022–2028
The report highlights the key factors driving the market and prominent players with their developments. The market growth is primarily attributed to the rising number of cosmetic and aesthetic procedures and the increasing cases of sports injuries. However, the high cost and adverse effects of platelet rich plasma (PRP) treatment are hampering the market growth.
Platelet Rich Plasma (PRP) Tubes Market, by Geography, 2022 (%)
Platelet Rich Plasma (PRP) Tubes Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Usage (Skin Rejuvenation, Hair Restoration, Orthopedics, Surgical Oncology, Gynecology, and Others), Volume (Less than 5 ml, 6ml to 10 ml, and More than 10 ml), and End User (MedSpa, Dermatology Office, Hospitals & Healthcare Practice, Tricologist, and Others)
Platelet Rich Plasma Tubes Market Size & Growth | Report 2028
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Source: The Insight Partners Analysis
The COVID-19 outbreak has severely impacted the flow of medical services. In addition, the countries are popular for medical tourism, which is also affected by the pandemic. Brazil, Argentina, Peru, Chile, Uruguay, and Colombia are affected by the second wave of the outbreak. The region imposed several restrictions on trade, which hampered the healthcare industry in the region. Moreover, countries in the region are significantly dependent on the US and European countries for their medical resources. Additionally, in Brazil, due to COVID-19 pandemic, football clubs faced disruption in their regular activities. Also, most of the football youth competitions were suspended with no date for return. This led to a negative impact on the market.
Based on product, the platelet rich plasma (PRP) tubes market is segmented into skin rejuvenation, hair restoration, orthopedics, surgical oncology, gynecology, and others. The orthopedics segment held the largest market share in 2021. However, the skin rejuvenation segment is anticipated to register the highest CAGR of 17.4% in the market during the forecast period. The market growth for the segment is attributed to the rising use of PRP in numerous medical fields, including orthopedic surgery and sports medicine. In recent years, PRP therapy has been widely used to treat orthopedic injuries and related diseases. PRP is most commonly used to treat orthopedic and sports injuries. The therapy is a form of regenerative medicine. In regenerative medicine, the patient’s body tissue, such as blood, fat, or bone marrow, is used to heal the body. PRP has been used in operating rooms for several decades to heal wounds and stimulate bone formation in spinal fusion surgery. PRP has recently been used in outpatient settings to treat common overuse conditions, including achilles tendon, rotator cuff tendon, tennis elbow, patellar tendon, plantar fascia, hamstring tendon, joint pain from arthritis, or cartilage wear (particularly the knee).
Manso Medical Co Ltd, Lingen Precision Medical Products Co Ltd, Integrity PRP, Henso Medical (Hangzhou) Co Ltd, Emerging Medical Group Ltd, Juventix Regenerative Medical LLC, AdvaCare Pharma USA LLC, Bio-X, ProMed Solutions, and Advin Healthcare are among the leading companies operating in the platelet rich plasma (PRP) tubes market.
The report segments the platelet rich plasma (PRP) tubes market as follows:
Based on usage, the platelet rich plasma (PRP) tubes market is segmented into skin rejuvenation, hair restoration, orthopedics, surgical oncology, gynecology, and others. Based on volume, the market is segmented into less than 5 ml, 6 ml to 10 ml, and more than 10 ml. Based on end users, the market is segmented into medspa, dermatology offices, hospitals & healthcare practices, tricologist, and others. By geography, the platelet rich plasma (PRP) tubes market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, Turkey, Algeria, Qatar, Morocco, Egypt, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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