Arthritis Segment to lead India Platelet Rich Plasma Market for Chronic Pain Management During Forecast Period
According to The Insight Partners market research study of “India Platelet Rich Plasma for Chronic Pain Management Market Forecast to 2027 – COVID-19 Impact and Analysis by Indication,” the market is projected to reach US$ 5,932.43 thousand by 2027 from US$ 2,437.50 thousand in 2019; it is estimated to grow at CAGR of 12.1% from 2020 to 2027. The report highlights trends prevailing in the India platelet rich plasma for chronic pain management market and the factors governing the market growth.
On the basis of indication, the platelet rich plasma for chronic pain management market is segmented into tendonitis, arthritis, knee injuries, torn ligaments, shoulder injuries, migraines and chronic headaches, and neck and back injuries. The arthritis segment held the largest share of the market in 2019; moreover, it is estimated to register the highest CAGR in the market during the forecast period. The doctors use PRP therapy to treat the patients suffering with osteoarthritis, wherein the PRP helps to slow down the progression of the disease. In this case, the PRP helps induce and increase the production of natural lubricating fluids in the joint thereby easing out the painful joint friction.
The India platelet rich plasma for chronic pain management market growth is mainly attributed to as the rise in number of musculoskeletal diseases and increase in geriatric population. However, the availability of alternatives for chronic pain management and poor doctor to patient ratio hinder the market growth.
Tricell Bio, Remi Group, Alchem Diagnostics, Regencare, Regenexx, Niw Surgicals, Zances Medical Technology, Quantum Biomedicals, Biobase, and Levram Lifescience are among the leading companies operating in the India platelet rich plasma for chronic pain management market.
The report segments India platelet rich plasma for chronic pain management market as follows:
- Arthritis
- Knee injuries
- Shoulder injuries
- Tendonitis
- Torn ligaments
- Neck and back injuries
- Tennis elbow
- Migraines and chronic headaches
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