Europe Platelet Rich Plasma Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Title:
Europe Platelet Rich Plasma Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
Platelet rich plasma can naturally induce early repair of muscles and ligaments in
case of orthopaedic wounds, degenerative knee ligament, skin rejuvenation and
restoration process by using platelets from patients’ blood that is centrifuged.
Awareness among ageing population looking for both cosmetic and non-cosmetic
benefits and availability of skilled professional performing the procedure is fuelling
the growth of platelet-rich plasma market in Europe.
Europe platelet-rich plasma market is expected to reach $ 171.1 million by the end of
2026 and register a CAGR of 9.2% during the forecast period of 2018-2026.
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Insight to Europe Platelet-Rich Plasma Market
Europe platelet-rich plasma market holds gigantic growth potential and is expected
to expand at 9.2% CAGR over 2018-2026. As per senior research consultant at
FutureWise’ speculation, market players in Europe platelet-rich plasma market are
expected to witness generous growth opportunities over the next few years.
However, the growth is prone to pending approvals for numerous investigational
applications of PRP therapy.
Market Differentiators Trending the Europe Platelet-Rich Plasma Market
Europe market for platelet-rich plasma kits and systems is dominated by Korea based
manufacturers of kits & systems.
These Korean companies have a distribution partnership with domestic distributors,
pharmacies and GPOs for distribution of their products in EU5.
Competition Overview
> Although Europe PRP market is dominated by Korean players, regional players such
as Glofinn oy (Finland), Regen Lab SA (Switzerland), etc. have a considerable volume
share.
> The overall market competition is moderate and the market is fragmented with a
large number of global and regional players operating. Despite the fragmented
market, penetration in the market is not limited by competition.
> Among all applications of platelet-rich plasma, cosmetic & aesthetic application
segment led the Europe market in terms of revenue, in 2017 and this trend is
expected to continue throughout the forecast period. Due to the high penetration of
PRP treatments in the cosmetic industry, cosmetic/dermatology/trichology clinics
end-user segment clearly dominated the Europe platelet-rich plasma market.
> Among EU5 countries, Germany dominated the Europe market in 2017 with 33.2%
revenue share. Manufacturing industry for platelet-rich plasma kits and systems is
concentrated in Germany, which in part is attributed to the dominance of Germany
in Europe.
Europe Platelet-Rich Plasma Market Segmentation
Europe platelet-rich plasma market is segmented, by sales channel, end-user and
applications. Being low margin product, direct sales channel sub-segment of PRP kits
product type is at the forefront. All clinics segments collectively experience high
demand for PRP kits in Europe and hence are major end-users. Cosmetic
applications, including skin rejuvenation, scar treatment, skin firming & whitening,
fat grafting, hair loss treatment etc pose stupendous demand for PRP kits.
In the U.K., PRP treatment industry is well established. However, there's a limited
presence of domestic manufacturers of PRP kits in U.K. Hence, PRP kits are availed in
the country through distributors that have a partnership with manufacturing
companies.
Key Market Drivers for Europe Platelet-Rich Plasma Market:
> Growing Popularity of PRP as Surgical Adjuvant
Introduction of a more sophisticated concept of tissue regeneration prompted the
tissue regeneration applications of PRP, and PRP is now emerging as a glorious
instrument of regenerative medicine
> Frequently Growing Applications of PRP
Emerging application areas for PRP include pain relief, ortho-biologics,
musculoskeletal and sports medicine, tendinopathy treatment, breast
reconstruction, periodontal tissue engineering (dentistry) etc. and the list is
continuously growing
Major Market Challenges Faced by Europe Platelet-Rich Plasma Market
> Non-Approvals for Therapeutic Use
PRP therapy for medical use is largely debated, as clinical trials across Europe and the
United States are showing conflicting results
> Conflicting Opinions Among Clinicians
Because the PRP therapy is unapproved by the regulatory authorities of Europe,
there exists confusion among clinicians whether to use PRP procedures in their office
or not
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the Europe plasma rich platelets
market, by sales channel, by end-user, and application
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size in Europe
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
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Platelet rich plasma can naturally induce early repair of muscles and ligaments in case of orthopaedic wounds, degenerative knee ligament, skin rejuvenation and restoration process by using platelets from patients’ blood that is centrifuged. Awareness among ageing population looking for both cosmetic and non-cosmetic benefits and availability of skilled professional performing the procedure is fuelling the growth of platelet-rich plasma market in Europe.