Dublin, May 20, 2024 (GLOBE NEWSWIRE) -- The "United States Platelet Rich Plasma Market Report by Product Type, Origin, Application, End User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The United States platelet rich plasma market size reached US$ 249.6 Million in 2023. Looking forward, the market is projected to reach US$ 546.2 Million by 2032, exhibiting a growth rate (CAGR) of 9.09% during 2023-2032.
The rising prevalence of chronic tendon injuries in vital organs is currently bolstering the demand for PRP-based therapies in the US. Furthermore, increasing adoption of effective therapies for treating muscle and acute ligament tearing, arthritis, fractures, orthopedic impairments, etc., is also propelling the market growth.
In line with this, the growing awareness towards numerous benefits of PRP treatment in preventing inflammation, encouraging new cartilage formulation, and inducing natural lubrication fluid production, is further augmenting the product demand in the country.
Moreover, the rising deployment of advanced healthcare facilities for sports clubs and teams is also catalyzing the adoption of PRP-based therapies for treating common injuries in athletes, such as lumbar spine disc pain, rotator cuff injuries, shoulder pain and instability, tennis/golfer's elbow, etc. Apart from this, the expanding cosmetic surgery sector in the United States is further driving the utilization of PRP-based procedures for improving facial shape and volume.
In the coming years, the increasing healthcare expenditures along with the rising demand for non-invasive medical procedures will continue to spur the demand for PRP-based therapies in the United States.
Key Questions Answered in This Report
Key Attributes:
Report Attribute | Details |
No. of Pages | 136 |
Forecast Period | 2023 - 2032 |
Estimated Market Value (USD) in 2023 | $249.6 Billion |
Forecasted Market Value (USD) by 2032 | $546.2 Billion |
Compound Annual Growth Rate | 9.0% |
Regions Covered | United States |
Companies Featured
Key Market Segmentation
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