Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Rising Demand for Orthopedic Treatments and Cosmetic Surgeries to Expand Asia Pacific Market for Pla

Author: Aniket Ankushrao
by Aniket Ankushrao
Posted: Mar 14, 2019

@

The market for platelet rich plasma in Asia Pacific encompasses a large host of established players who compete for a greater market share. Since plasmas are an intricate domain of analysis, the market players are expected to engage in core research and analysis to provide fool-proof products to the customers. Moreover, the success of the market players is predicted to rely on the strength of their product portfolio. Several medical processes involve the use of platelet-rich plasma, which makes it integral for market players to synthesize plasmas that align with every medical procedure. The market players with strongholds in the Asia Pacific market are anticipated to develop better performing plasmas in order to reemphasize their expertise in the domain. Moreover, the advent of advanced devices in the healthcare industry has placed an onus upon the market players to align their efforts with the rapid developments. Key market players within the Asia Pacific market for platelet rich plasma (PRP) include Stryker Corporation, Cesca Therapeutics, Inc., Rmedica Co. Ltd.,DePuy Synthes, Zimmer Biomet, Exactech, Inc., AdiStem Ltd., Arthrex, Inc., and Harvest Technology.

Read Report Overview:

https://www.transparencymarketresearch.com/asia-pacific-platelet-rich-plasma-market.html

Transparency Market Research (TMR), in one of its reports, prognosticates a trajectory of growth for the global market over the period from 2015 to 2023. The market is expected to inflate at a robust CAGR of 15.40% over the forecast period, which points to bright opportunities for market players. The market was valued at US$30 mn in 2014, and is expected to elevate to a value of US$110.0 mn by the end of 2023. Amongst the various regional segments, the market in China is projected to grow at a handsome pace over the period from 2015 to 2023. The prominence of the regional market can be attributed to the rising awareness about PHP technologies and a solid healthcare infrastructure in China. The Chinese market is foreseen to settle at a CAGR of 17.0% over the forecast period.

Medical Tourism Expands Asia Pacific Market

Instances of skeleton injuries and deformities have risen in recent times, which has magnified the need for better orthopedic treatments. This has given a significant push to demand within the market for platelet rich plasmas. Moreover, the prevalence of neurological disorders, obesity, and cardiovascular diseases has underhandedly contributed to the growth of the Asia Pacific market. It is anticipated that the nascent cosmetic treatments would provide an impetus to the market, and result in greater adoption of PRP technologies in the Asia Pacific region. Advanced PRP devices have surfaced in the market, which is already contributing to the growth of the market.

Medical tourism has emerged as an integral trend in the Asia Pacific region. Development of healthcare infrastructure coupled with affordable pricing of medical treatments has attracted huge chunks of foreign nationals to Asia Pacific for medical treatments. The region is particularly popular for cosmetic treatments and surgeries, majorly due to the low-cost factor. Due to the aforementioned factors, the Asia Pacific market for platelet rich plasmas is expected to tread along an escalating growth path over the coming years.

Request Sample of the Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8707

High Costs of Cosmetic Surgeries Could Hamper Growth

In recent times, cosmetic surgeries and treatments have become an avenue of commercialization more than a medical course of action. This has led to exponentially high costs for cosmetic treatments, thus, placing a negative toll on the market for platelet rich plasmas. Besides this, the ill-effects associated with the use of PRP also act as a threat to the market. Nevertheless, the wide array of application of platelet based plasmas is foreseen to continue soaring the demand within the market.

About us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: aniket.a@tmr.com

Website: https://www.transparencymarketresearch.com/

About the Author

N the past half a century since the discovery, the concept of gene synthesis has been harnessed furiously and now has turned into a highly robust as well as flexible molecule engineering tool for chemical DNA synthesis. In the recent past, DNA sequen

Rate this Article
Leave a Comment
Author Thumbnail
Please or Join to add a comment.
Author: Aniket Ankushrao

Aniket Ankushrao

Flag of India
India

Member since: Jan 21, 2019
Total live articles: 343

Related Articles