Plasma Therapy Market – Platelet-rich Plasma may Help Aid Covid-19

The plasma therapy market is likely to gain momentum in the coming years on account of the increasing cases of sports injuries worldwide. Platelet-Rich Plasma (PRP) injections emerged as a regenerative medicine for enhancing the self-healing ability of the body and this is likely to help the market gain further popularity.

The current COVID-19 pandemic further helped expand the market owing to the lack of antiviral therapies and the fact that plasma therapy comes under an emergency treatment method. Besides this, the increasing use of platelet-rich plasma for different therapeutic procedures will also boost the growth of the market in the coming years.

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Heavy Investments on Clinical Trials for Fighting COVID-19 by Manufacturers to Promote Market Growth

The U.S. Food and Drug Administration have been witnessing a tremendous rise in the number of clinical trials since the past few months. Various manufacturers operating in the plasma therapy market are investing heavily in research and development, clinical trials in the hope of coming up with an antivirus to fight corona. For instance, in October 2020, Takeda Pharmaceutical Co, a Japanese company, has enrolled their first patient in a worldwide clinical trial of COVID-19 blood plasma treatment after a regulatory delay of a few months.

On another instance, GC Pharma claims the successful completion of their plasma therapy for COVID-19 called GC5131A. Such efforts will not only aid in expansion of the market but may also help come with a solution to fight coronavirus in the days to come.

In terms of the plasma therapy market based on geography, Asia Pacific and North America stands as the most potential regions for growth. This is owing to the increasing cardinal growth prospects, rapid adoption of technology, and increasing number of clinical trials for COVID-19 in the respective regions. China stands as the leading nation promoting the global plasma therapy market growth. Besides this, the rising cases of orthopedic disorders, arthritis, and increasing demand for orthopedic disorders are likely to help this market gain significant shares in the years to come.

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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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