Plasma Therapy Global Market Report 2024

The plasma therapy market size has grown rapidly in recent years. It will grow from $0.49 billion in 2023 to $0.55 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. Historical expansion owes its momentum to diverse factors the escalation of chronic diseases, heightened recognition of plasma therapy benefits, government endorsement, widespread reimbursement availability, a shift towards minimally invasive procedures, amplified demand for personalized medicine, and the burgeoning population of older adults. These elements collectively fueled the growth trajectory.

The plasma therapy market size is expected to see rapidly grown in the next few years. It will grow to $0.88 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The forecasted growth ahead is correlated with increased adoption of immunoglobulins, their wider applications in diverse medical sectors, a surge in demand for treating rare diseases, and the ascent of personalized therapeutic methods. Notable trends on the horizon include advancements in novel and refined plasma therapy techniques, innovations in biological manufacturing, the emergence of cell-free plasma treatments, integration of telemedicine methodologies, and ongoing research delving into new applications within this domain. These trends are poised to shape the landscape of plasma therapy in the coming period.

The expected surge in osteoarthritis cases is set to drive growth in the plasma therapy market, particularly highlighting Platelet-rich plasma (PRP) as a safe and effective remedy. PRP, through the injection of concentrated autologous blood growth factors into the affected joint, alleviates symptoms by reducing inflammation and slowing osteoarthritis progression. The Journal of Elsevier's September 2023 report forecasts a substantial global increase in osteoarthritis cases by 2050, spanning various joints like the knee, hand, hip, and other types. This projected surge in osteoarthritis incidences is likely to spur demand for plasma therapy, particularly leveraging the efficacy of PRP.

The expanding landscape of cosmetic and aesthetic procedures is anticipated to propel the plasma therapy market. These procedures, aimed at enhancing physical appearance, have notably incorporated Platelet-rich plasma (PRP) for skin rejuvenation, collagen stimulation, and tissue repair. The 2021 survey by the International Society of Aesthetic Plastic Surgery recorded a significant surge of 30.4 million cosmetic/aesthetic procedures globally, marking a 19.3% rise from 2020. This surge underscores the growing influence of cosmetic and aesthetic procedures in driving demand for plasma therapy, especially PRP applications. Major players in the plasma therapy market are trailblazing with innovative products like the ESG-410, addressing evolving needs and diversifying treatment options. Olympus Corporation, in June 2023, launched the ESG-410, an Electrosurgical Generator optimized for treating NMIBC and benign prostatic hyperplasia. This next-gen generator incorporates advanced design elements like improved capacitors, ensuring superior plasma stability during ignition. With rapid ignition and enhanced plasma stability compared to its predecessor, the ESG-400, this generator introduces varied resection loops, electrodes, and vaporization tools, marking significant progress in treating NMIBC and BPH.

Key contributors in the plasma therapy domain are pioneering novel treatment methods, such as the Thulium Laser Non-Surgical Hair Loss Treatment, to meet evolving demands and expand treatment options. Revealed by researchers at Regeneris Medical Boston in August 2022, this innovation harnesses a specific 1,927 nm fractional thulium laser system coupled with growth factors from High-Density platelet-rich plasma (HDPRP) to stimulate hair regrowth without direct scalp injections. This groundbreaking technique utilizes platelet-rich plasma via Thulium Laser Technology, offering a needle-free, non-invasive approach for treating hair loss.

Major companies operating in the plasma therapy market include Takeda Pharmaceutical Company Limited, Bio Products Laboratory Ltd., Arthrex Inc., Biotest AG, China Biologic Products Holdings Inc., DePuy Synthes Companies, CSL Limited, Grifols S.A., Octapharma AG, Terumo BCT Inc., Pfizer Inc., Kedrion Biopharma, ADMA Biologics Inc., SK Plasma Co. Ltd., Kamada Ltd., Grifols International S.A., Fusion HealthCare, LFB Plasma, Baxter International Inc., Bayer AG, GC Biopharma Corp, Hualan Biological Engineering Inc., Japan Blood Products Organization, PlasmaCare Inc., ProMetic Life Sciences Inc., Sanquin, Shanghai RAAS Blood Products Co. Ltd., Canadian Plasma Resources, B Positive Plasma, Proesis Biologics Inc.

North America was the largest region in the plasma therapy market in 2023. The Middle East is expected to be the fastest-growing region in the global plasma therapy market share during the forecast period. The regions covered in the plasma therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the plasma therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. The plasma therapy market includes revenues earned by entities by replacing missing or deficient proteins and developing better means of managing the disease. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The primary forms of plasma therapy encompass pure PRP, leukocyte-rich PRP, pure platelet-rich fibrin (PRF), and leukocyte-rich fibrin (L-PRF). Pure Platelet-Rich Plasma (P-PRP) or leucocyte-poor PRP products are activated preparations lacking leukocytes and possessing a low-density fibrin structure. These varied applications span orthopedics, arthritis, chronic tendinitis, bone repair and regeneration, dermatology, androgenic alopecia, plastic surgery, dental procedures, cardiac muscle injury, among others. These applications find implementation across diverse sectors, including hospitals, clinics, laboratories, and research institutions.

The plasma therapy market research report is one of a series of new reports provides plasma therapy market statistics, including plasma therapy industry global market size, regional shares, competitors with a plasma therapy market share, detailed plasma therapy market segments, market trends, and opportunities, and any further data you may need to thrive in the plasma therapy industry. This plasma therapy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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