European PRP market to reach $87.2M by 2022: 5 trends

The Europe market for platelet rich plasma is expanding, according to a report by Transparency Market Research.

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Here are five trends:

 

1. The market is expected to grow at a compound annual growth rate of 8.3 percent.

 

2. It is projected to reach a value of $87.2 million in 2022.

 

3. The demand for platelet rich plasma therapy is expected to increase due to awareness of the multiple advantages of PRP therapy. Another key growth factor is the growing geriatric population in need of surgeries and treatments.

 

4. In 2013, the orthopedic application segment held 38 percent of the market for PRP therapy in Europe.

 

5. In 2013, EmCyte, Arthrex and Biomet dominated the market.

 

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