The global transplantation market size was valued at USD 8.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% over the forecast period. Growing demand for novel tissue transplantation products and organ transplantation for the treatment of organ failure is a major factor contributing to the market growth. Organ failure usually occurs due to various factors, such as serious trauma, loss of blood, poisoning, drug abuse, leukemia, sepsis, and other acute diseases.
Thus, technological advancement and the development of novel & improved transplant products, such as surgical instruments, have majorly contributed to the expansion of the market. In addition, the introduction of advanced tissue products, such as DeNovo NT Graft, Chondrofix Osteochondral Allograft, and Dura Matrix Collagen Dura Substitute Membrane, provides higher benefits during treatment. Furthermore, computerized support systems with advanced systems and software allow easy & effective maintenance of tissues. Thus, the availability of such advanced techniques supports market growth.
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Organ transplantation is a medical procedure in which an organ is taken from one body and is being transferred to another body, to fill up or replace the missing or damaged organ respectively. But before this dynamic procedure starts the consent of the family or the patient himself is very important. Without consent, organ harvesting is an illegal and heinous crime. This procedure of organ transplantation is mostly carried out with patients with a dead brain whose other organs are healthy and can be used to save another person’s life. It is mandatory thing that this organ transplantation is to be done right after the death of the patient until a couple of hours. This procedure is performed most of the time to treat organ failures in the lungs, kidneys, liver, and many more.
Key Player Mentioned:
Stryker Corp.
Medtronic PLC
AbbVie Inc.
Zimmer Biomet
Novartis International AG
21st Century Medicine
Biolife Solutions
Product Segment Analysis:
Tissue Products
Immunosuppressive Drugs
Preservation Solutions
Application Segment Analysis:
Organ Transplant
Tissue Transplant
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Regional Segment Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
The transplant centers segment is expected to exhibit the highest CAGR over the forecast period. Rising demand for transplantation procedures has triggered the need for advanced healthcare centers. Also, rising government initiatives to encourage organ donation is projected to propel the segment growth. For instance, the Health Resources and Services Administration’s Division of Transplantation sponsored four grant programs that focus on increasing the number of organ donors and transplant procedures.
COVID-19 Impact:
The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.
KEY aspects covered in the report include:
- The market size and industry growth rate of the global and regional market across various segments
- The region or the sub-segment that is expected to drive the Transplantation market in the forecast period 2021-2028
- Key companies operating in the global Transplantation market and their market share
- The Factors that are estimated to drive the Transplantation Market growth
- Key opportunities in the Transplantation market
- Key technological advancements and market trends that shape the market
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