The market size of the Global PRP and PRF in the Cosmetics Market in the year 2021 is valued at 162.47 million and is predicted to reach 475.58 million by the year 2030 at an 13% CAGR during the forecast period.
Skin treatment using PRP and PRF is becoming more popular. PRP therapy is employed in cosmetic procedures to lessen acne scars, improve complexion, eliminate deep creases, and perk up drooping skin. The elderly and middle-aged population are increasingly choosing plastic surgery to look attractive and youthful. Thus, it is anticipated that the market will grow throughout the forecast period as more people get aware of these surgeries. In recent years, minor and major biopharmaceutical businesses have relied more on contract research organisations (CROs) and other clinical service experts in supplying research services for their R&D operations. The global PRP and PRF development in the cosmetics market is influenced by changes in people's lifestyles in developing nations, rising per capita income, and increased awareness of personal grooming. By the end of the forecast period, the market is also anticipated to be driven by the outsourcing of stem cell studies. The PRP and PRF in the cosmetics market in many emerging economies have been driven by the rise in the young generation's interest in personal grooming.
Companies are considering capacity increases in preparation for the rapidly rising demand for various types of cosmetic applications, such as PRF for face rejuvenation. During the projection period, there is likely to be a rapid increase in demand for PRP & PRF facial therapy. After the COVID-19 pandemic peaked, people's purchasing power increased. As a result, businesses in the market are taking advantage of this opportunity to raise clinics' awareness of the advantages of PRP and PRF, thereby promoting their use.
The PRP and PRF in the Cosmetics market are segmented on the type, origin, and cosmetic application. Based on type, the market is segmented into Pure-PRP, Leukocyte-rich PRP and Pure-PRF. Based on origin, the PRP and PRF in Cosmetics are segmented into Autologous, Allogeneic, Homologous and Others. Based on the cosmetic application, the PRP and PRF in Cosmetics are segmented into Skin Rejuvenation, Face Lift, Hair Application, Plastic Surgery, Scar-related Treatment and Others.
Based on type, the pure-PRP segment is accounted as a significant contributor to the PRP and PRF in the Cosmetics market.
Based on type, the market is segmented into Pure-PRP, Leukocyte-rich PRP and Pure-PRF. The pure-PRP category dominated the market. Pure PRP has concentrations of platelets and growth factors, which support skin renewal. Therefore, there is a rising need for pure PRP. In the upcoming years, it is anticipated that the industry will be driven by technological developments that enable pure PRP use in various applications and platelet-rich plasma. In addition, it is anticipated that cost-effectiveness and ease of production will soon drive the industry. Applications of leukocyte-rich PRP include improving bone regeneration, soft tissue repair, and wound healing.
The oncology segment witnessed growth at a rapid rate.
Based on the cosmetic application, the PRP and PRF in Cosmetics are segmented into Skin Rejuvenation, Face Lift, Hair Application, Plastic Surgery, Scar-related Treatment and Others. The skin rejuvenation segment dominated the market. The rise in the use of PRP therapies in cosmetic operations for face therapy and the rising number of cosmetic procedures all contribute to the demand for PRP and PRF cosmetic treatments, such as those for skin rejuvenation. Global demand for PRP therapies is increasing as the need for skin rejuvenation treatments increases.
The North American PRP and PRF in the Cosmetics market hold a significant regional revenue share.
The North American PRP and PRF in the Cosmetics market are expected to register the highest market share in revenue in the near future. The trend is likely to continue over the projection period due to the approval of new products, technological advancements, and an increase in PRP usage in the region's cosmetic operations. Increased government spending on health care and improvements in PRP & PRF in cosmetics is expected to drive the market in North America over the projected period. In addition, Europe is projected to grow in the global PRP and PRF in the Cosmetics market. The demand for PRP & PRF in the European cosmetics market is being driven by cosmetic operations and an increase in aesthetic surgery in the area. The well-established health care system in Europe, the increased popularity of platelet-rich plasma for hair therapy, the rise in general and cosmetic surgery rates, and the usage of injectable PRF for face rejuvenation all point to the region's market expansion.
Some major key players in the PRP and PRF Cosmetics market are Stryker Corporation, Croma-Pharma GmbH, Zimmer Biomet, Isto Biologics, Exactech, Inc., EmCyte Corporation, Regen Lab, APEX Biologix and ThermoGenesis Holdings, Inc.