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Platelet-rich plasma is a concentrate of platelet-rich plasma protein derived from whole blood and centrifuged to remove red blood cells. It is also known as autologous conditioned plasma and contains several different growth factors and other factors present which include platelet-derived growth, transforming growth factor bets, fibroblast-like growth factor-1, insulin-like growth factor 2, vascular endothelial growth factor, keratinocyte growth factor and connective tissue growth factor.
The platelet-rich plasma market is currently accounted for USD XXX Million in 2017 and is expected to reach USD XXX million by 2023 during the forecasted period. The market aims to grab a major share in the market because it lowers the risk of side effects and the recovery period is short.
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(1) They are used for osteoarthritis, chronic tendinitis, in oral surgery and in plastic surgery.
(2) It is an alternative to invasive surgeries and damaging narcotics.
(3) It restores range of motion and flexibility in the body.
(4) It prevents postoperative blood loss.
(5) It is 10% natural and does not use any chemical or foreign substance.
The platelet plasma market is bifurcated based on type, origin and the application. By type, it is divided into pure platelet-rich plasma, Leukocyte-rich platelet-rich plasma, and pure platelet-rich fibrin. By origin, it is divided into autologous platelet-rich plasma, allogeneic platelet-rich plasma, homologous platelet-rich plasma. By application, it is divided into orthopaedic surgery, neurosurgery, cosmetic surgery and general surgery. Each segment holds a significant share of the total revenue earned by the market.
The platelet-rich plasma market is segmented on the basis of major geographical areas such as Europe, North America, Asia-Pacific, Latin America. Government bodies of the developing countries such as India Mexico and Brazil are making huge investments to spread awareness regarding plasma therapy. North America to dominate the market and Asia-Pacific is expected to exhibit the fastest growth during the forecasted period.
The major competitors of the platelet-rich plasma market includes Harvest Technologies Corp. (Terumo Corporation), Arthrex, Inc., Zimmer Biomet Holdings, Inc., EmCyte Corporation, Regen Lab SA, Exactech, Inc., Cesca Therapeutics, Inc., Nuo Therapeutics, Inc., DePuy Synthes (Johnson & Johnson), ISTO Biologics, AdiStem Ltd. and Other Major & Niche Key Players. Companies are a tool for providing platelet-rich plasma and further adopting cost-effective measures in order to provide platelet-rich plasma to everyone.
Advances in technology and devices will open new avenues for the global players operating in the platelet-rich plasma market. Moreover, innovations in PRP technology and devices are expected to present significant opportunities in the platelet-rich plasma market.
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