Transplantation Market To Reach about $30,118 Million by 2030

November 30 02:57 2022
Transplantation Market To Reach about $30,118 Million by 2030
The APAC region is expected to be the fastest-growing transplantation market during the forecast period owing to the rising incidence of chronic diseases due to the large population and its rapid aging.

According to P&S Intelligence, the transplantation market will reach about $30,118 million by 2030 from about $13,606 million in 2021, advancing at a growth of above 9%. The main factor attributed to the market growth is the snowballing occurrence of myelodysplastic disorders, kidney failure, solid tumors, ailments of the immune system, and plasma cell ailments.

Tissue products had the largest demand in 2021, and this category will maintain its position in the years to come. This will be due to the increasing usage of orthobiologics in orthopedic procedures for tissue healing, pain minimization, and normal functioning restoration, accompanied by the increasing elderly population around the world. Furthermore, startup companies are receiving funding for the expansion of their business.

Tissue transplantation had the larger share, of over 60%, in 2021, and it will maintain its ascendance in the future. This is attributed to the growing transplantation of the blood vessels, corneas, skin, ligaments, heart valves, tendons, and bones. Amongst these, skin grafting is the commonest tissue transplantation process, owing to the surge in the cases of burns, accompanied by the increase in the occurrence of road accidents and skin cancer.

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Organ transplantation will observe decent growth in the transplantation market in the years to come because of the increasing requirement for organ transplantation owing to the unhealthy eating habits and the absence of physical work. Furthermore, governments are laying rules and regulations for the process of organ transplantation, accompanied by initiatives for generating cognizance about organ donation, to lower the gap between the demand and supply of organs for transplantation.

Hospitals accounted for an approximately 50% share in 2021, as they are the main centers for organ and tissue transplants. Furthermore, the improving healthcare infra, accompanied by the presence of a definite database of patients and donors requiring transplants, is powering the generation of revenue from hospitals.

The transplantation market revenue contribution of transplantation centers will increase swiftly in the years to come. This growth is credited to the increasing consciousness amongst donors and patients about these centers, as they have specialist surgeons and staff to accomplish the procedures, accompanied by a strong network of organ and tissue procurement and transplantation. Moreover, these centers have an involvement in the related R&D, which leads to technological and transplantation process progressions.

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The North American transplantation market accounted for about 40% of the global revenue in 2021. The U.S. is the larger contributor, as it has a large pool of patients for organ transplantation, particularly for the pancreas, kidneys, liver, heart, intestines, and lungs. Furthermore, R&D in the domain has been boosting the rate of success of such activities.

Global Transplantation Market Size Breakdown by Segment

By Product Type

  • Tissue Products
  • Immunosuppressive Drugs
  • Preservation Solutions

By Application

  • Tissue Transplantation
  • Organ Transplantation

By End User

  • Hospitals
  • Transplant Centers

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

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