South Korea Platelet Rich Plasma (prp) Market Size & Outlook
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South Korea platelet rich plasma (prp) market highlights
- The South Korea platelet rich plasma (prp) market generated a revenue of USD 23.2 million in 2023 and is expected to reach USD 72.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.7% from 2024 to 2030.
- In terms of segment, pure prp was the largest revenue generating type in 2023.
- Leukocyte Rich PRP is the most lucrative type segment registering the fastest growth during the forecast period.
Platelet rich plasma (prp) market data book summary
| Market revenue in 2023 | USD 23.2 million |
| Market revenue in 2030 | USD 72.4 million |
| Growth rate | 17.7% (CAGR from 2023 to 2030) |
| Largest segment | Pure prp |
| Fastest growing segment | Leukocyte Rich PRP |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pure PRP, Leukocyte Rich PRP |
| Key market players worldwide | Johnson & Johnson, Arthrex, Terumo Corp, Zimmer Biomet Holdings Inc, Stryker Corp, EmCyte Corporation, Dr. PRP USA, Juventix Regenerative Medical, APEX Biologix, Celling Biosciences |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.6% of the global platelet rich plasma (prp) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India platelet rich plasma (prp) market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 90.7 million by 2030.
Pure prp was the largest segment with a revenue share of 46.98% in 2023. Horizon Databook has segmented the South Korea platelet rich plasma (prp) market based on pure prp, leukocyte rich prp covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, PRP treatment has gained prominence as an effective solution for increasing hair growth & density, addressing specific conditions such as female and male androgenic alopecia, telogen effluvium, and alopecia areata. This nonsurgical and minimally invasive approach has become a significant trend in hair restoration & esthetics.
The growing demand for PRP treatments, driven by the desire for natural and effective hair restoration options, is a notable market driver in South Africa. Patients seek PRP therapy as a viable and safe solution to combat hair loss, contributing to the expansion of this innovative medical procedure in the country.
In addition, the number of clinics offering PRP treatment in South Africa is high, supporting the market growth in the country. Major clinics include StemCure Clinic, Linksfield Knee Clinic, Skin Renewal, Life Hair Restoration Clinic, My Sexual Health, and Dr. Krystyna Pharoah Art of Aging Aesthetic Medical Practice.
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Platelet Rich Plasma (PRP) Market Scope
Platelet Rich Plasma (PRP) Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea platelet rich plasma (prp) market size, by type, 2018-2030 (US$M)
South Korea Platelet Rich Plasma (PRP) Market Outlook Share, 2023 & 2030 (US$M)
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