The ‘Global Transplantation Market Price, Trends, Size, Share, Report and Forecast 2023-2031’ by Expert Market Research gives an extensive outlook of the global transplantation market, assessing the market on the basis of its segments like category of product, type of transplant, application, end-user, and major region.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Transplantation Market Price, Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
• Historical Market Size (2022): USD 13.8 Billion
• Forecast CAGR (2023-2031): 9.4%
• Forecast Market Size (2031): USD 31.5 Billion
Increased cases of organ failure are leading to a rising demand for the products used in tissue and organ transplantation, which is a key element fuelling the expansion of the global transplantation market. Growing acceptance of tissue and organ transplantation as a result of ongoing advancements in surgical technology, better healthcare facilities, and raised public awareness of organ donation, are driving the market growth.
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The expansion of tissue banks and the creation of technically advanced devices are propelling the market’s revenue growth. The development of novel 3D printing technology intended to produce an organ or tissue that is comparable to the one within the body is anticipated to fuel market growth in the transplantation market.
Additionally, the market is expanding due to the increasing transplant success rate and improved post-transplant results. Increased alcohol and other drug use, along with a poor diet that is creating many chronic diseases that lead to the failure of important organs like the lungs, kidney, liver, and many others, are all contributing to a rising incidence of organ failure. Therefore, the transplantation market revenue growth is being fuelled by the rising need for organ transplants among patients.
Transplantation Industry Definition and Major Segments
Transplantation is one of the most significant and cutting-edge medical advancements. Transplantation is the process of surgically replacing an organ, tissue, or cell from one patient in another patient whose organ has failed. The first is referred to as a donor, and the second as a recipient. When an organ fails or is damaged as a result of a disease or injury, transplantation is typically the last therapeutic measure.
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Based on category of product, the market is segmented into:
• Transplant Preservative Solutions
• Transplant Diagnostics
• Tissue Products
• Immunosuppressive Drugs
The market on the basis of type of transplant can be segmented into:
• Solid Organ Transplant
• Stem Cell Transplant
o Autologous Transplants
o Allogenic Transplants
• Tissue Transplant
Based on application, the market is divided into:
• Clinical Therapeutics
• Translational Research
• Diagnostic Purposes
On the basis of end-user, the market is segmented into:
• Transplantation Centres
On the basis of region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Transplantation Market Trends
The number of organ donors is constantly rising as a result of numerous government initiatives and campaigns around the world, including donation campaigns to promote organ donation. The transplantation market development is also expected to be fuelled by the rising number of product launches and approvals, along with mergers and acquisitions. Additionally, technological developments in transplantation techniques are further fuelling the market expansion.
Due to the growing need for tissue and organ transplantation, the tissue product segment had the largest revenue share in the transplantation market. A huge population is now at a danger of permanent tissue damage due to an increase in the prevalence of diseases like diabetes, cancer, cardiovascular disease, renal disease, and Alzheimer’s disease, necessitating a bigger demand for tissue transplantation and fuelling the segment’s revenue growth. The demand for tissue products is anticipated to increase as a result of the rise in burn and accident cases.
Due to the increasing number of medical treatments and surgeries carried out in hospitals, the hospital category accounted for the largest revenue share. Most hospitals have easier access to well-defined organ databases that might be used to confirm the availability of requested organs, enabling quicker medical intervention, which is further aiding the market growth.
Key Market Players
The major players in the global transplantation market report are:
- AbbVie Inc.
- Arthrex, Inc.
- Zimmer Biomet
- Novartis AG
- BioLife Solutions
- Teva Pharmaceutical Industries Ltd.
- Astellas Pharma Inc.
- 21st Century Medicine
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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