Transplant market size worth $ 19.52 billion by 2028

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NEW YORK, July 6, 2021 / PRNewswire / – The World transplant market the size should reach $ 19.52 billion by 2028. according to a new study conducted by Polaris Market Research. The market is anticipated to register a CAGR of 11.5% from 2021 to 2028. The increase in cases of acute disease which ultimately leads to organ failure, the increasing prevalence of kidney disease and major technological advances related to transplantation methods are some of the major growth drivers of the market. In addition to this, the growing preference for new tissue transplant products for the treatment of organ failure is emerging as a major accelerator for the market. In addition, the increase in the number of tissue banks coupled with the introduction of technologically advanced products further complements the overall market growth.

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Highlights of the transplant market

  • Product-based, the tissue paper products segment has established itself as the most revenue-generating segment due to a increasing demand for transplant procedures such as bone marrow, cochlear soft tissue, orthopedic and heart valves.
  • By application, the tissue transplant segment dominated the global transplant market due to a huge increase in burns and accidents worldwide propel the demand for tissue paper products and help the segment grow.
  • Based on end use, the hospital segment dominating the transplant market and is expected to increase its dominance during the forecast period. A growing number of fabrics and organ transplant procedures conducted in hospitals contribute to the growth of the segment.
  • Organ failure case increase due to growing epidemic of COVID-19 and this is why most transplant centers have started solid organ transplants despite the ongoing second wave of pandemic.
  • CareDx, Inc., a leading provider of diagnostic monitoring solutions for heart transplant recipients has announced the strategic agreement with OrganX for development of a clinical decision support tools who can be used throughout the transplant patient’s journey.

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Regional developments

North America has dominated the transplant market and is expected to lead the market growth during the forecast period. The growing presence of several large-scale medical devices and biotechnology companies in the region acts as a major accelerator of regional market growth. In addition to this, government organizations and NGOs have launched several initiatives to encourage people to donate organs. the Asia Pacific The region’s market is expected to experience the fastest growth during the forecast period owing to the improvement in healthcare infrastructure and the increasing focus on research activities for tissue and tissue development. organs in vitro.

Competitive outlook

The main players work rigorously for the development of new products and also emphasize strategic collaborations as well as regional expansions. These strategies allow companies to expand their product portfolio and improve their market position. Some of the major players present in the transplantation market include Stryker Corp., Zimmer Biomet, Biolife Solutions, Medtronic, Teva Pharmaceutical, AbbVie Inc., Novartis International, 21st Century Medicine, and Veloxis Pharmaceuticals.

Target audience

  • Supply side: Pharmaceutical and biotechnology company
  • Demand side: Hospitals, Transplant centers
  • Regulatory side: World Health Organization

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Polaris Market Research has segmented the Transplantation market report on the basis of Product Type, Application, End Use, and Region:

Transplantation, Outlook Product Type (Revenue – Million USD, 2016 – 2028)

  • Fabric products
  • Immunosuppressive drugs
  • Conservation solutions

Transplantation, application prospects (Turnover – Million USD, 2016 – 2028)

  • Organ transplant
  • Tissue transplant

Transplantation, End Use Outlook (Revenue – USD Million, 2016 – 2028)

  • Hospitals
  • Transplant centers
  • Other

Transplantation, by regional outlook (Revenue – Million USD, 2016 – 2028)

  • North America
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
  • Middle East & Africa
    • United Arab Emirates
    • Saudi Arabia
    • Israel
    • South Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence services and in-depth business research to our clientele spread across different companies. At Polaris, we are committed to serving our diverse customer base present in the healthcare, technology, semiconductor and chemicals industries among various other industries present around the world. We strive to provide our clients with up-to-date information on innovative technologies, high growth markets, emerging business environments and the latest business-centric applications, helping them to always make informed decisions and take advantage of new opportunities. Following a team of highly knowledgeable, experienced and extremely skilled experts including SMEs, analysts and consultants, we at Polaris strive to provide value-added business solutions to our clients.

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