The Platelet Rich Fibrin Market report tabled by Persistence Market Research focuses on the parameters of the 4th industrial revolution, which includes technology-driven healthcare solutions, with several breakthroughs in this regard. The entire supply chain – right from diagnostics to the delivery of medicines, is being driven by the technological advancements in healthcare.
The Platelet Rich Fibrin Market report by Persistence Market Research goes by the changing trend of consumerism all across the healthcare vertical. “Going cashless” is amongst the “new” normals. Inorganic growth has also picked up. Key participants of the healthcare value chain – both – private and public – have joined hands for competing in the ever-demanding landscape.
Platelet-rich fibrin is a sample of immune and platelet concentrate on one fibrin membrane that consists of all the blood components and actively participates in healing and immunity. Platelet-rich fibrin is a significant advancement and second generation of platelet-rich plasma technique. In this technique, the blood sample is drawn and processed to obtain the platelet-rich fibrins.
These platelet-rich fibrins are used in tissue healing and regeneration with application in the field of dentistry. Platelet-rich fibrins are also used in maxillofacial surgeries conducted to improve aesthetics. According to the Centers for Disease Control and Prevention, in 2018 every 1 in 10 people was diagnosed with sinusitis in the U.S.
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There has been a significant decline estimated in global platelet-rich fibrin market due to the COVID 19 with the halt in research and development activities. Leading biopharmaceuticals are meanwhile focussed on developing coronavirus cure and hence having a negative impact on the global platelet-rich fibrin market. Cancellation and postponing of non-emergent and elective procedures are expected to hamper the growth of global platelet-rich fibrin market.
The increasing rate of diagnosis and treatment adoption rate is expected to increase demand for global platelet-rich fibrin market during the forecast period. Multiple applications in the field of diagnosis and therapeutics boost global platelet-rich fibrin market growth.
Advancement in technology and increasing research and development are expected to increase investments in global platelet-rich fibrin market are the favourable scenarios. For instance, in November 2020, Royal Biologics and Live Cellular Solutions announced the launch of Fibri-cell with Osteo-Spin technology for enhancement of traditional bone grafts.
The shift of focus in developing advanced next-generation regenerative techniques will lead to global platelet-rich fibrin market expansion during the forecast period. Development of bioactive surgical additives have been a great challenge impacting global platelet-rich fibrin market growth.
Whereas, less investment towards research and development activities in regions like Latin America and the Middle East & Africa to hinder global platelet-rich fibrin market growth.
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Market Segmentation:
The global Platelet – Rich Fibrin market is classified based on modality, process, application, end-users and region.
Based on the modality, the global platelet-rich fibrin market is segmented into the following:
- Membrane form
- Liquid form
- Injectable form
Based on the process, the global platelet-rich fibrin market is segmented into the following:
- Cell Proliferation
- Cell Differentiation
- Extracellular matrix synthesis
- Chemotaxis
- Angiogenesis
Based on the application, the global platelet-rich fibrin market is segmented into the following:
- Implant dentistry
- Periodontology
- Oral surgery
- Maxillofacial surgery
Based on the end-users, the Platelet – Rich Fibrin Market is segmented into the following:
- Hospitals
- Ambulatory surgical centres
- Academic and Research Institutes
- Dental clinics
Based on modality, a liquid form of global platelet-rich fibrin market is expected to generate significant revenue share in global platelet-rich fibrin market. Whereas, cell proliferation and differentiation process hold the majority of global platelet-rich fibrin market share. Based on application, oral surgery procedure is leading in global platelet-rich fibrin market with increasing treatment adoption rate.
Whereas, implant dentistry and periodontology also have a significant share in global platelet-rich fibrin market. Hospitals and Academic & Research Institutes are leading end-users of global platelet-rich fibrin market.
North America is expected to dominate the global platelet-rich fibrin market with an increased rate of developments of next-generation regenerative techniques in the region during the forecast period. Increased aesthetic concern and availability of advanced technology makes Europe the second leading region in global platelet-rich fibrin market.
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Asia-Pacific region with the rise in healthcare expenditure is expected to observe a significant growth in global platelet-rich fibrin market in the coming decade. Latin America is expected to observe moderate growth rate in global platelet-rich fibrin market. The Middle East and Africa will observe less growth for global platelet-rich fibrin market due to poor health infrastructure in the region.
Key players:
- Arthrex Inc.
- Juventix
- Terumo Corporation
- Stryker Plc.
- EmCyte Corporation
- Zimmer Biomet
- Vivostat A/S
- others
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