PRP and PRF have a great deal of promise in cosmetic treatments. PRP treatment can be utilized as a dermal filler to accelerate injury repair. It works well as a hyaluronic acid replacement. As stated by the ISAPS (International Society of Aesthetic Plastic Surgery), about 10,139,528 cosmetic surgeries were conducted worldwide in 2020, including 958,381 eyelid surgeries, 1,701,712 breast augmentation treatments, and 1,200,030 liposuction procedures. According to the ASPS (American Society of Plastic Surgeons), roughly 1,711,754 cosmetic surgery procedures were carried out in the United States in 2020. As a result, a surge in the number of cosmetic procedures is expected to fuel the demand for PRP and PRF in cosmetics over the projection period.
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As per the same source, plastic surgery garnered tremendous prominence in 2020, with approximately 18.2 million cosmetic operations conducted that year, as well as 15.24 million cosmetic minimally invasive operations. Moreover, platelet-rich plasma therapy is becoming more popular owing to its efficacy in rhytides treatment, facial therapy, soft tissue repair augmentation, and oral-maxillofacial surgery. During the projected period, this is anticipated to boost the global PRP and PRF in cosmetics market.
Furthermore, small and major biopharmaceutical businesses have become heavily dependent on contract research organizations (CROs) and other clinical service professionals to deliver research services for their research and development operations over the past few years. Additionally, people’s changing lifestyles in emerging economies, rising per capita income, and more knowledge about beautification are expected to aid the expansion of the global PRP and PRF in cosmetics market.
The global PRP and PRF in cosmetics market is projected to surpass US$ 483 Mn by 2031, expanding at a CAGR of 12.6% from 2022 to 2031 (forecast period).
Pure-PRP Segment to Witness Significant Growth
The pure-PRP segment is expected to be the largest revenue generator in PRP and PRF in cosmetics market during the projection period. Platelet and growth factor levels in pure-PRP enhance skin rejuvenation. As a result, the demand for pure-PRP is growing.
Moreover, technological improvements that will enable the usage of pure-PRP in a variety of applications and abundant platelet content are projected to spur the global PRP and PRF in cosmetics market in the coming years. Additionally, the cost-effectiveness and production simplicity are projected to boost the segment during the projected period. Leukocyte-rich PRP can be used to improve wound healing, soft tissue repair, and bone regeneration. Furthermore, the unique benefits of pure-PRF over pure-PRP and L-PRP, as well as constant innovation to enhance PRF efficacy, are expected to drive the pure-PRF segment over the projection period.
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North America to Spearhead Worldwide Market
North America is projected to witness a massive growth in the PRP and PRF in cosmetics market during the projection period due to technological developments, new product clearances, and a rise in PRP applications in aesthetic operations in the region. Moreover, increased government spending in the healthcare industry and developments in PRP and PRF in cosmetics are expected to boost the PRP and PRF in cosmetics market in North America over the projected period.
The United States is expected to provide revenue-generation opportunities in PRP and PRF in cosmetics market in North America. Increased awareness of PRP devices and the introduction of FDA-authorized devices are expected to bolster the PRP and PRF in cosmetics market in the United States over the projected period.
Europe is expected to follow North America. Cosmetic procedures and an increase in aesthetic surgery in the region are driving demand for PRP and PRF in cosmetics in Europe. Moreover, the regional market is estimated to expand due to robust healthcare infrastructure, a surge in the number of general and cosmetic operations, an increase in the use of platelet-rich plasma for hair therapy, and the use of injectable PRF for facial rejuvenation.