Press release
Transplantation Market Size, Share, & Trends Analysis Report By Product (Tissue Products, Immunosuppressive Drugs, Preservation Solution), By Application (Organ, Tissue Transplant), By End Use, And Segment Forecasts, 2023 - 2032
Global Transplantation Market
The global transplantation market size was estimated at USD 12.4 billion in 2021 and is anticipated to expand at a CAGR of 9.4% during the forecast period 2023-2032. One of the main drivers of market expansion is the rising need for innovative tissue transplantation products and organ transplantation for the treatment of organ failure. Common causes of organ failure include severe trauma, blood loss, poisoning, drug addiction, leukaemia, sepsis, and other acute disorders. Globally, there is a strong demand for tissue and organ transplantation, particularly for the kidney, heart, liver, and lungs. Organ failure can be brought on by a variety of factors, including poor eating habits, alcohol intake, inactivity, and drug usage. As a result, the need for transplantation items is anticipated to increase soon.
Organ transplantation is one of the most important medical advances today. An organ or tissue is surgically removed from one person (the organ donor) and implanted into another person in this medical procedure (the organ recipient). Organ transplants cannot be carried out without the patient's or the patient's family's agreement, and if they are, it is illegal or criminal.
Increased alcohol and other drug use, together with an unhealthy lifestyle that causes organ deterioration over time, are the main factors behind the expansion of the transplantation market's revenue. Numerous conditions that can cause organ and tissue failure include cardiovascular disease, diabetes, cancer, renal disease, and Alzheimer's disease. These conditions affect a sizable portion of the global population.
It is possible to transplant human organs such the kidney, lung, liver, pancreas, cornea, and skin. Transplants help patients have healthy lives and restore their bodies to health. The success rate of transplants has increased thanks to technological developments. Additionally, convenient software and techniques for tissue and organ preservation are available.
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. The expansion of tissue banks and the creation of technologically sophisticated 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 revenue growth in the transplantation sector. Additionally, an increase in organ donors is being seen as a result of government initiatives and campaigns in various nations throughout the world, such as donation campaigns to promote organ donation.
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Market Segmentations:
Global Transplantation Market: Major Players
Veloxis Pharmaceuticals
BioLifeSolutions
Arthrex, Inc.
Zimmer Biomet
Novartis
Teva Pharmaceuticals
AbbVie, Inc.
Medtronic
Stryker
Global Transplantation Market: By Types
Kidney Transplantation
Liver Transplantation
Heart Transplantation
Lung Transplantation
Pancreas Transplantation
Global Transplantation Market: By Applications
Hospitals and Transplant Centers
Diagnostic Registries
Research Laboratories
Global Transplantation Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Transplantation market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Market Dynamics:
Growing demand for organ transplantation has been observed globally over the past ten years as a result of rising vital organ failure rates, improving post-transplant outcomes, and higher transplant success rates. The incidence of organ failure is increasing as a result of increased alcohol and other dangerous substance use, poor diet, and chronic diseases that affect important organs like the lungs, kidneys, liver, and many others. Patients' need for organ transplants is causing the transplantation market's revenue to increase. Additionally, the rise of the market's revenue is being driven by technological developments in transplanting techniques.
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COVID-19 Scenario Analysis
The COVID-19 outbreak has placed a tremendous load on the healthcare system. Existing patients and new patients being admitted into public and private hospitals has caused delays in the care of existing patients worldwide for both elective and non-elective surgeries in ambulatory care facilities and hospitals, having an effect on the transplantation market globally.
The quantity of donor registrations has decreased as a result of this. Additionally, the donated organs have been rejected due to the risk of infection. There has been a significant imbalance between the demand for and availability of organ transplants. Due to this, government and non-governmental organizations are now interfering more with efforts to raise awareness of the need to register organ donors.
Frequently Asked Questions About This Report
• How big is the transplantation market?
• What is the transplantation market growth?
• Which segment accounted for the largest transplantation market share?
• Who are the key players in the transplantation market?
• What are the factors driving the transplantation market?
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