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Platelet Rich Plasma Market to Reach an Opportunity of USD 87.2 million by the End of 2022
by Metcarl · June 14, 2019
The Europe PRP market is highly fragmented and competitive with the presence of a large number of small and large multinational players across the globe, says a Transparency Market Research (TMR).
Some of the established players operating in the Europe聽platelet rich plasma market聽are Arthrex, Inc. Yaya Sanogo Jersey , Biomet, Inc., and EmCyte Corporation. Altogether, these three players have dominated the Europe PRP market in 2013. The market is witnessing entry of several new players as well. This is expected to intensify market completion in the coming years.
The analyst of TMR, noted聽Europe platelet rich plasma market at US$42.1 mn in 2013. The market is expected to rise at a CAGR of 8.30% from 2014 to 2022. Rising at this CAGR Wojciech Szczesny Jersey , the market is predicted to attain a valuation of US$ 87.2 mn by the end of forecast period.
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On the basis of countries, the UK dominated the Europe platelet rich plasma market in 2013. The country is expected to continue its dominance during the forecast year as well. This is mainly because of the increasing prevalence of reconstructive and orthopedic procedures in the country. Based on application, the orthopedic surgery segment led the platelet rich plasma market. In the base year, the segment led the market with 38.3% of lion鈥檚 share. This is mainly due to the increasing geriatric population and the rising count of sports and orthopedic injuries in the region.
Growing Adoption of Platelet-Rich Plasma to Drive Market
The聽global platelet-rich plasma market is expected to garner an impressive CAGR over the forecast period. Rising incidences of sports injuries,聽growing use of platelet-rich plasma in various therapeutic areas Theo Walcott Jersey , increasing number of androgenic alopecia patients, and rise in the prevalence of arthritis are the key factors attributed to offer a significant push to the platelet-rich plasma market.