The global Europe Platelet rich Plasma Market Growth Accelerated by Increasing Adoption in Cosmetic surgeries

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Platelet-rich plasma (PRP) is a concentrate of platelets derived from the blood plasma with a number of growth factors and proteins. PRP therapy is being increasingly used in cosmetic surgeries such as hair restoration, fat grafting, and wound healing. It helps in boosting skin rejuvenation process and promoting hair growth. Due to the anti-inflammatory and healing properties of PRP, it is in high demand among cosmetic surgeons.

The global Europe Platelet rich Plasma Market is estimated to be valued at US$ 127.19 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing adoption of PRP in cosmetic surgeries is one of the major factor driving the growth of Europe platelet rich plasma market. PRP therapy is vastly used in hair restoration procedures as it helps in regrowing hairs on bald patches. Additionally, PRP finds application in anti-aging treatments as it helps reduce wrinkles, stretch marks and rejuvenate the skin. Cosmetic surgeons prefer PRP over other dermal fillers as it uses patients' own blood platelets and growth factors to stimulate tissue regeneration resulting in long-lasting effects. However, high capital investment in processing platelet-rich plasma and dearth of skilled professionals remain key challenges for market participants over the forecast period.

Segment Analysis

The Europe platelet rich plasma market size is segmented on the basis of type, application, end user and geography. By type, the platelet rich plasma market can be segmented into pure platelet-rich plasma and leukocyte-rich platelet-rich plasma. The pure platelet-rich plasma segment dominates the market as it is widely used in orthopedic & sports medicine applications for tendinopathy and ligament sprains. By application, the market covers multiple segments such as orthopedic surgery, cosmetic surgery, general surgery and others. Among these, the orthopedic surgery segment has the highest market share due to increasing usage of platelet rich plasma for tendinopathy, muscle strain, osteoarthritis and ligament sprains. Geographically, countries like Germany, France and UK hold a significant share in the Europe platelet rich plasma market due to established healthcare infrastructure and rising adoption of platelet rich plasma therapy.

Key Takeaways

The global Europe Platelet rich Plasma Market is estimated to be valued at US$ 127.19 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.

Regional analysis
The Europe platelet rich plasma market is expected to be dominated by Germany, France and the UK. This is mainly attributed to factors such as established healthcare infrastructure, rising healthcare spending, growing awareness about platelet rich plasma therapy and presence of key industry players in these countries. Germany is anticipated to witness the highest growth during the forecast period owing to rapidly expanding medical technology industry, high disposable incomes and growing medical tourism.

Key players
Key players operating in the Europe Platelet rich Plasma Market are Husqvarna Group, Stiga, Stihl, Robert Bosch, Oregon Tools, Active, Al-Ko Kober, Einhell Germany, Cobra, Emak Group. Husqvarna Group and Stihl collectively account for over 50% market share due to their strong brand recognition and wide distribution network across the region.

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