India Platelet Rich Plasma (prp) Market Size & Outlook
India platelet rich plasma (prp) market, 2018-2030 (US$M)
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India platelet rich plasma (prp) market highlights
- The India platelet rich plasma (prp) market generated a revenue of USD 34.3 million in 2023 and is expected to reach USD 109.6 million by 2030.
- The India market is expected to grow at a CAGR of 18.1% from 2024 to 2030.
- In terms of segment, pure prp was the largest revenue generating type in 2023.
- Leukocyte Rich PRP is the most lucrative type segment registering the fastest growth during the forecast period.
Platelet rich plasma (prp) market data book summary
| Market revenue in 2023 | USD 34.3 million |
| Market revenue in 2030 | USD 109.6 million |
| Growth rate | 18.1% (CAGR from 2023 to 2030) |
| Largest segment | Pure prp |
| Fastest growing segment | Leukocyte Rich PRP |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pure PRP, Leukocyte Rich PRP |
| Key market players worldwide | Johnson & Johnson, Arthrex, Terumo Corp, Zimmer Biomet Holdings Inc, Stryker Corp, EmCyte Corporation, Dr. PRP USA, Juventix Regenerative Medical, APEX Biologix, Celling Biosciences |
Other key industry trends
- In terms of revenue, India accounted for 5.3% of the global platelet rich plasma (prp) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India platelet rich plasma (prp) market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 90.7 million by 2030.
Pure prp was the largest segment with a revenue share of 50.44% in 2023. Horizon Databook has segmented the India platelet rich plasma (prp) market based on pure prp, leukocyte rich prp covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for PRP therapy has grown significantly, particularly among patients experiencing hair loss and skin issues such as pigmentation & ulcers. Over the past few years, the popularity of PRP therapy has surged due to its favorable results and minimal adverse effects. In some hospitals, the Outpatient Departments (OPD) of dermatology or skin branches see an influx of 30 to 40 patients seeking PRP treatment.
The therapy has garnered widespread acceptance, supported by extensive global research. Patients in need of this treatment are recommended and often choose PRP therapy, although alternative treatments are available as well in some cases.
This trend is particularly notable in hospitals in India. Moreover, the Department of Spine, Pain, and Palliative Care at Central Hospital South Eastern Railway began utilizing PRP therapy to treat conditions, such as partial supraspinatus tear in the right shoulder joint. This introduction of PRP therapy within the Indian Railways system signifies an emerging opportunity and potential market growth for its applications in diverse medical fields and patient needs.
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Platelet Rich Plasma (PRP) Market Scope
Platelet Rich Plasma (PRP) Market Companies
| Name | Profile | # Employees | HQ | Website |
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India platelet rich plasma (prp) market size, by type, 2018-2030 (US$M)
India Platelet Rich Plasma (PRP) Market Outlook Share, 2023 & 2030 (US$M)
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