Growing Number of Medical Spas to Drive Global Platelet-Rich Plasma (PRP) Tubes Market during 2022-2028

According to our latest study on "Platelet-Rich Plasma (PRP) Tubes Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Usage, Volume, and End User," the market was valued at US$ 565.10 million in 2021 and is projected to reach US$ 1,640.94 million by 2028; it is estimated to record a CAGR of 16.5% from 2022 to 2028. The rising number of cosmetic and aesthetic procedures and increasing cases of sports injuries are the factors driving the growth of the market. However, the high cost and adverse effects of platelet-rich plasma (PRP) treatment are hampering the market growth.

Platelet rich plasma (PRP) tubes are vacuum-sealed tubes that hold blood samples for platelet recovery. These tubes can also hold gel, buffy coat layer, or sodium citrate solution, which helps separate PRP and prevents blood clotting. PRP has multiple utilities in skin rejuvenation, skin texture and color improvement, and wrinkle depth lighting. Currently, evidence has shown the micro-needling and topical application of PRP in improving collagen production and skin tightening for vampire facials. It is also used for treating skin pigmentation disorders and acne scars. In hair transplants, PRP can bind to growth factors and elevates the proliferation of human derma papilla cells leading to the formation and maintenance of hair follicles. Thus, the rising use of PRP in many applications drives the platelet-rich plasma (PRP) tubes market growth.

The US currently holds 37.72% of the global MedSpa market. According to the American Med Spa Association, the most popular procedures at MedSpa involve injections. The procedures include micro-needling for skin tightening and acne scars removal. According to Pillsbury Insights, the medical spa (MedSpa) industry in the US is booming. In 2010, about 1,600 MedSpa were operating in the country, generating about US$ 1.1 billion in revenue (about US$ 700,000 per MedSpa on average). By 2018, the number of MedSpa increased to over 5,000, generating about US$ 7-8 billion in revenue (about US$ 1.4 million per MedSpa on average). The number is expected to grow to over 10,000 MedSpa by 2023, with about US$ 18-20.7 billion in revenue.

A wellness program in Oman has incorporated traditional healing practices and pampering treatments that include a hammam and natural hot springs. Also, the growing success of medical spas in the Middle East is attributed to various features of the facility, including traditional spa comforts and cosmetic procedures. In the region, the UAE is the largest medical spa service provider. Further, Dubai has a high concentration of medical spas per capita across the world. Therefore, the rising number of medical spas offering cosmetic procedures and using PRP injections is expected to fuel the platelet-rich plasma (PRP) tube market growth in the coming years.

Manso Medical Co Ltd, Lingen Precision Medical Products Co Ltd, Integrity PRP, Henso Medical (Hangzhou) Co Ltd, Emerging Medical Group Ltd, Juventix Regenerative Medical LLC, AdvaCare Pharma USA LLC, Bio-X, ProMed Solutions, and Advin Healthcare are among the leading companies operating in the platelet-rich plasma (PRP) tubes market.

Based on usage, the platelet-rich plasma (PRP) tubes market is segmented into skin rejuvenation, hair restoration, orthopedics, surgical oncology, gynecology, and others. Based on volume, the market is segmented into less than 5 ml, 6 ml to 10 ml, and more than 10 ml. Based on end users, the market is segmented into medspa, dermatology offices, hospitals & healthcare practices, tricologist, and others. By geography, the platelet-rich plasma (PRP) tubes market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa ( South Africa, Saudi Arabia, the UAE, Turkey, Algeria, Qatar, Morocco, Egypt, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America)

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