Growing Application Of Platelet Rich Plasma In Orthopedic Surgeries Is Anticipated To Open Up New Avenues For The Platelet Rich Plasma Market
Platelet Rich Plasma Market The platelet rich plasma market is estimated to be valued at US$2.28 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Platelet rich plasma (PRP) are blood plasma products with a high platelet concentration, used to accelerate tissue healing and repair. PRP is prepared by withdrawing blood from a patient's blood and processing it to obtain a concentrated preparation of platelets. It is then injected into the site of injury to promote healing. PRP is increasingly being used in orthopedic surgeries for pain relief and tissue regeneration in cases such as knee cartilage repair, osteoarthritis, and ligament and tendon injuries. Market Dynamics: The growing prevalence of osteoarthritis and musculoskeletal injuries is driving the platelet rich plasma market. According to Arthritis Foundation, osteoarthritis affects over 32.5 mill