Plasma Therapy Marketinvolves soft tissue healing autologous platelets, platelets and cytokines. It remains a standard method broadly used in specialties of orthopedics, dentistry, and dermatology. Plasma therapy is commonly used in wound healing, facial rejuvenation, and androgenetic alopecia. Plasma is focused on the physiological value up to three to five times and then vaccinated into the tissues.
Global plasma therapy market is registering a healthy CAGR of 15.7% in the forecast period of 2019-2026. This rise in the market value can be attributed to the growth in the use of planet rich plasma for the treatment of various diseases that drives the growth of the industry and increasing incidents of sports injuries.
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Competitive Analysis: Global Plasma Therapy Market
Few of the major competitors currently working in Global Plasma Therapy Market are Arthrex, Inc., Bio Products Laboratory Ltd., Takeda Pharmaceutical Company Limited., Biotest AG., Cambryn Biologics, China Biologic Products Holdings, Inc., CSL Limited, DePuy Synthes, Grifols, S.A., Kedrion S.p.A., Octapharma, Regen Lab SA, Stryker, Telecris Indústria e Comércio Ltda., Baxter, Japanese Red Cross Society, Sanquin Oy, LFB SA, TERUMO BCT, INC., Chengdu Institute of Biology (CIB) among others.
Key Pointers Covered in the Global Plasma Therapy Market Trends and Forecast to 2026
- Global Plasma Therapy Market New Sales Volumes
- Global Plasma Therapy Market Replacement Sales Volumes
- Global Plasma Therapy Market Installed Base
- Global Plasma Therapy Market By Brands
- Global Plasma Therapy Market Size
- Global Plasma Therapy Market Procedure Volumes
- Global Plasma Therapy Market Product Price Analysis
- Global Plasma Therapy Market Healthcare Outcomes
- Global Plasma Therapy Market Cost of Care Analysis
- Global Plasma Therapy Market Regulatory Framework and Changes
- Global Plasma Therapy Market Prices and Reimbursement Analysis
- Global Plasma Therapy Market Shares in Different Regions
- Recent Developments for Global Plasma Therapy Market Competitors
- Global Plasma Therapy Market Upcoming Applications
- Global Plasma Therapy Market Innovators Study
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Key Developments in the Market:
- In July 2019, Baxter International Inc. launched PrisMax in the U.S. for maximizing care for Critically Ill Patients. PrisMax is used to treat acute kidney injury (AKI) patients. Every year in the U.S., there are about five million AKI patients, and rates of AKI have been rising. This launch will benefit the company to increase its revenue.
- In June 2018, LabCorp have been approved by the U.S. FDA to market a diagnostic test which will detect viruses in donated blood plasma utilized in preparing biological therapies. This technology provides a diversified alternative for the global biopharmaceutical sector to enhance plasma donor collection programs and the production of plasma protein therapies for a number of life-threatening conditions such as immune, cardio / pulmonary, bleeding, and neurological illnesses. This allowance by FDA to LabCorp will help the company in market growth and further expansion of the laboratory.
- Surging orthopedic diseases and sports injuries including arthritis, fosters the growth of the market
- Growing demand for the usage of planet rich plasma for the treatment of numerous diseases, drives the growth of the market
- Government initiatives for the development of plasma derived medicine, is the factor that drives the market growth
- Rising awareness regarding the importance of blood donation, is the key drivers for this market
- Increasing diseases including tetanus, rabies and hepatitis A&B is estimated to impact the market positively
- The cost associated with plasma therapy is quite high which, is likely to impede the market growth
- Absence of responsiveness regarding platelet-rich therapy, hinders the growth of the market
- Absence of compensation policies and strict regulatory policies, restraint the global market growth
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Research Methodology: Global Industrial Services Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
- The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
- Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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