Transplantation Market Research: Key Growth Drivers and Challenges and Forecast to 2030
Ngày đăng: 16-08-2023 |
Ngày cập nhật: 16-08-2023
The projected size of the global Transplantation Market is anticipated to reach USD 32.94 billion by the year 2030, with an estimated compound annual growth rate (CAGR) of 11.5% throughout the forecast period. This growth is primarily attributed to the escalating instances of organ failure, which in turn, is generating a surge in demand for both tissue transplantation and organ transplantation products. These factors collectively serve as significant drivers behind the substantial increase in revenue within the global transplantation market.
Modern medicine has witnessed one of its most remarkable breakthroughs in the form of organ transplantation. This medical procedure involves the surgical extraction of an organ or tissue from one individual (the donor) and its subsequent implantation into another individual (the recipient). It's imperative to note that organ transplants can only be executed with the explicit consent of the patient or their family; any attempt to perform such a procedure without proper authorization is deemed illegal and criminal.
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Several key factors contribute to the growth in revenue of the transplantation market. Unhealthy habits, such as excessive alcohol consumption and the use of harmful substances, coupled with lifestyles that lack proper health practices, have led to the gradual deterioration of vital organs. Conditions like cardiovascular disease, diabetes, cancer, renal ailments, and Alzheimer's disease afflict a significant portion of the global population, resulting in organ and tissue failures that necessitate transplantation.
Market Dynamics:
Driver: Increasing Incidence of Organ Failure
Over the last decade, the demand for organ transplantation has surged globally, driven by the heightened prevalence of critical organ failures, the improving success rates of transplantation procedures, and enhanced post-transplant outcomes. The escalation in organ failures can be attributed to the increased consumption of alcohol and harmful substances, coupled with an unhealthy diet, resulting in chronic ailments that lead to the failure of vital organs such as the lungs, kidneys, and liver. The necessity for organ transplantation to ensure patient survival serves as a major driver for the revenue growth of the transplantation market. Additionally, technological innovations in transplantation techniques contribute to the market's expansion.
Restraint: Insufficient Registered Donors and Organ Procurement Challenges
The number of available organ donors pales in comparison to the count of patients requiring transplantation. Advances in medical science and surgical procedures have extended human lifespans, but this has led to a reduced pool of potential organ donors, owing to higher survival rates. Although numerous patients are awaiting organ transplants, misconceptions and reluctance among individuals to register as donors present a significant challenge. Myths and misconceptions, along with religious beliefs, dissuade potential donors. Moreover, the progress in medical treatments has made organ procurement more intricate, given that people are living longer lives alongside the development of advanced therapies. For instance, only a small fraction of individuals, three out of every 1,000, experience conditions conducive to organ donation.
Product Insights:
The global transplantation market is categorized by product into tissue products, immunosuppressive drugs, and preservation solutions. Among these, the tissue product segment dominated revenue in 2021, propelled by the growing demand for tissue and organ transplantation. The increasing prevalence of diseases such as diabetes, cancer, cardiovascular disorders, renal illnesses, and Alzheimer's disease has placed a significant population at risk of irreversible tissue damage, thereby necessitating heightened tissue transplantation and driving the segment's revenue growth.
The immunosuppressive drugs segment is anticipated to sustain a steady growth rate over the forecast period. These drugs are commonly employed to prevent the rejection of transplanted tissues or organs. Their value lies in post-transplant care, making them in high demand and driving the revenue growth of this segment.
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Application Type Insights:
The global transplantation market's application types are categorized into organ transplant and tissue transplant. The organ transplant segment accounted for the largest revenue share in 2021. The global surge in demand for organ transplantation arises from an escalating number of organ failure cases linked to excessive alcohol consumption and unhealthy lifestyles. Concurrently, advancements in technology and continuous developments by major industry players and healthcare professionals have improved the success rates and post-transplant outcomes, fueling the growth of this segment.
Conversely, the tissue transplant segment is projected to maintain a steady revenue growth rate. This is due to the high demand for transplants of corneas, bones, skin, nerves, tendons, veins, and heart valves, especially among burn and accident victims.
End-use Insights:
Based on end-use, the transplantation market is divided into hospitals, transplant centers, and other medical facilities. Hospitals led in revenue share during 2021 due to the increasing number of medical procedures conducted therein. Hospitals typically have access to well-defined organ databases, which facilitate swift verification of organ availability, expediting medical interventions and driving revenue growth in this segment.
The transplant centers segment is forecasted to witness a steady revenue growth rate, mainly due to the growing need for advanced healthcare centers. With the rising demand for transplantation procedures, transplant centers provide personalized care and convenience for older adults, reducing the necessity for frequent hospital visits. Moreover, treatment at transplant centers mitigates risks associated with hospital-acquired infections.
Regional Insights:
In terms of regional analysis, the transplantation market in North America secured the largest revenue share in 2021. Factors contributing to this include the continuous development of innovative transplantation products, a well-established healthcare system, and increased individual expenditure on personal health in the region. The strong presence of major biotechnology and medical device companies further boosts market revenue, along with supportive government policies in countries like the US and Canada.
The Asia Pacific market is anticipated to exhibit a swifter revenue growth rate during the forecast period. Rising instances of chronic diseases and road accidents causing irreversible organ damage are driving the need for organ replacement procedures across this region. Ongoing technological advancements by key industry players also play a pivotal role in boosting the Asia Pacific transplantation market's revenue.
The European market is expected to sustain a steady yet substantial revenue growth rate throughout the forecast period. The combination of escalating substance abuse and consumption, leading to organ damage, along with the region's strong presence of prominent market players and a skilled medical workforce, contribute to revenue expansion in this region.
Competitive Landscape:
The competitive landscape of the global transplantation market is characterized by a consolidation of a few key players operating at both the global and regional levels. These major players are actively engaged in product development and strategic partnerships to diversify their product portfolios and solidify their market presence. Notable participants in the market include Veloxis Pharmaceuticals, Inc., Abbott, Becton, Dickinson, and Company (BD), bioMérieux SA, Bio-Rad Laboratories, Inc., CareDx, Inc., F. Hoffmann-La Roche Ltd, Hologic, Inc, Illumina, Inc., and QIAGEN.
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Modern medicine has witnessed one of its most remarkable breakthroughs in the form of organ transplantation. This medical procedure involves the surgical extraction of an organ or tissue from one individual (the donor) and its subsequent implantation into another individual (the recipient). It's imperative to note that organ transplants can only be executed with the explicit consent of the patient or their family; any attempt to perform such a procedure without proper authorization is deemed illegal and criminal.
Get free sample PDF of the report, visit @ https://www.reportsanddata.com/download-free-sample/5099
Several key factors contribute to the growth in revenue of the transplantation market. Unhealthy habits, such as excessive alcohol consumption and the use of harmful substances, coupled with lifestyles that lack proper health practices, have led to the gradual deterioration of vital organs. Conditions like cardiovascular disease, diabetes, cancer, renal ailments, and Alzheimer's disease afflict a significant portion of the global population, resulting in organ and tissue failures that necessitate transplantation.
Market Dynamics:
Driver: Increasing Incidence of Organ Failure
Over the last decade, the demand for organ transplantation has surged globally, driven by the heightened prevalence of critical organ failures, the improving success rates of transplantation procedures, and enhanced post-transplant outcomes. The escalation in organ failures can be attributed to the increased consumption of alcohol and harmful substances, coupled with an unhealthy diet, resulting in chronic ailments that lead to the failure of vital organs such as the lungs, kidneys, and liver. The necessity for organ transplantation to ensure patient survival serves as a major driver for the revenue growth of the transplantation market. Additionally, technological innovations in transplantation techniques contribute to the market's expansion.
Restraint: Insufficient Registered Donors and Organ Procurement Challenges
The number of available organ donors pales in comparison to the count of patients requiring transplantation. Advances in medical science and surgical procedures have extended human lifespans, but this has led to a reduced pool of potential organ donors, owing to higher survival rates. Although numerous patients are awaiting organ transplants, misconceptions and reluctance among individuals to register as donors present a significant challenge. Myths and misconceptions, along with religious beliefs, dissuade potential donors. Moreover, the progress in medical treatments has made organ procurement more intricate, given that people are living longer lives alongside the development of advanced therapies. For instance, only a small fraction of individuals, three out of every 1,000, experience conditions conducive to organ donation.
Product Insights:
The global transplantation market is categorized by product into tissue products, immunosuppressive drugs, and preservation solutions. Among these, the tissue product segment dominated revenue in 2021, propelled by the growing demand for tissue and organ transplantation. The increasing prevalence of diseases such as diabetes, cancer, cardiovascular disorders, renal illnesses, and Alzheimer's disease has placed a significant population at risk of irreversible tissue damage, thereby necessitating heightened tissue transplantation and driving the segment's revenue growth.
The immunosuppressive drugs segment is anticipated to sustain a steady growth rate over the forecast period. These drugs are commonly employed to prevent the rejection of transplanted tissues or organs. Their value lies in post-transplant care, making them in high demand and driving the revenue growth of this segment.
To know more about the latest insights of the report, visit @
https://www.reportsanddata.com/request-latest-insight/5099
Application Type Insights:
The global transplantation market's application types are categorized into organ transplant and tissue transplant. The organ transplant segment accounted for the largest revenue share in 2021. The global surge in demand for organ transplantation arises from an escalating number of organ failure cases linked to excessive alcohol consumption and unhealthy lifestyles. Concurrently, advancements in technology and continuous developments by major industry players and healthcare professionals have improved the success rates and post-transplant outcomes, fueling the growth of this segment.
Conversely, the tissue transplant segment is projected to maintain a steady revenue growth rate. This is due to the high demand for transplants of corneas, bones, skin, nerves, tendons, veins, and heart valves, especially among burn and accident victims.
End-use Insights:
Based on end-use, the transplantation market is divided into hospitals, transplant centers, and other medical facilities. Hospitals led in revenue share during 2021 due to the increasing number of medical procedures conducted therein. Hospitals typically have access to well-defined organ databases, which facilitate swift verification of organ availability, expediting medical interventions and driving revenue growth in this segment.
The transplant centers segment is forecasted to witness a steady revenue growth rate, mainly due to the growing need for advanced healthcare centers. With the rising demand for transplantation procedures, transplant centers provide personalized care and convenience for older adults, reducing the necessity for frequent hospital visits. Moreover, treatment at transplant centers mitigates risks associated with hospital-acquired infections.
Regional Insights:
In terms of regional analysis, the transplantation market in North America secured the largest revenue share in 2021. Factors contributing to this include the continuous development of innovative transplantation products, a well-established healthcare system, and increased individual expenditure on personal health in the region. The strong presence of major biotechnology and medical device companies further boosts market revenue, along with supportive government policies in countries like the US and Canada.
The Asia Pacific market is anticipated to exhibit a swifter revenue growth rate during the forecast period. Rising instances of chronic diseases and road accidents causing irreversible organ damage are driving the need for organ replacement procedures across this region. Ongoing technological advancements by key industry players also play a pivotal role in boosting the Asia Pacific transplantation market's revenue.
The European market is expected to sustain a steady yet substantial revenue growth rate throughout the forecast period. The combination of escalating substance abuse and consumption, leading to organ damage, along with the region's strong presence of prominent market players and a skilled medical workforce, contribute to revenue expansion in this region.
Competitive Landscape:
The competitive landscape of the global transplantation market is characterized by a consolidation of a few key players operating at both the global and regional levels. These major players are actively engaged in product development and strategic partnerships to diversify their product portfolios and solidify their market presence. Notable participants in the market include Veloxis Pharmaceuticals, Inc., Abbott, Becton, Dickinson, and Company (BD), bioMérieux SA, Bio-Rad Laboratories, Inc., CareDx, Inc., F. Hoffmann-La Roche Ltd, Hologic, Inc, Illumina, Inc., and QIAGEN.
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/5099
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
Browse for more reports:
Tonic-Clonic Seizure Market
Emphysema Market
Sturge Weber Syndrome Market
Burkitt Lymphoma Market
Advanced Pancreatic Cancer Market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
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