The latest published report by Polaris Market Research The report “Transplantation Market Share, Size, Trends, Industry Analysis Report, By Product Type (Tissue Products, Immunosuppressive Drugs, and Preservation Solutions); By Application (Organ and Tissue Transplant), By End Use (Hospitals, Transplant Centers, and Others), By Regions; Segment Forecast, 2021 –2028” the report covers an exhaustive list of market tables and figures, thus providing in-depth analytical data for segments across different regions.
The global transplantation market was valued at USD 8.33 billion in 2020 and is expected to reach USD 19.52 billion by 2028 to grow at a CAGR of 11.5% during 2021 – 2028. according to a new study by Polaris Market Research In 2020, the tissue market segment for transplantation accounted for the largest share and is projected to retain its dominance. The rising cases of burn and accident cases all across the globe and high transplant products among patients in the developed economies favoring its growth. As per the estimates of the European Road Safety Observatory, there were around 102,362 accident cases in Spain, which has boosted the segment’s growth prospects in transplantation industry.
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Market participants in transplantation industry include : Stryker Corp., Zimmer Biomet, Biolife Solutions, Medtronic, Teva Pharmaceutical, AbbVie Inc., Novartis International, 21st Century Medicine, and Veloxis Pharmaceuticals.
The organ transplantation segment is anticipated to grow at the fastest rate over the assessment period. Repetitive use of immuno-suppressants and rising organ transplant surgeries are the prominent market factors responsible for such a high growth rate. Moreover, advancements in transplantation technology followed by new product launches propelled the transparent procedures for kidneys, lungs, heart, tissue, and liver.
In this direction, in November 2020, Lupin introduced a generic version of an immune-suppressant drug, “Tacrolimus” in the U.S. territory, indicated for organ rejection in the allogenic heart, liver, and kidney transplants. In recent past few years, a high number of transplant procedures were recorded in Germany, France, the US., and the UK and the number is expected to rise in the coming years. Moreover, the presence of well-developed healthcare infrastructure and availability of skilled surgeons in these countries have favored the market growth for transplantation.
The immunosuppressive drugs market segment is anticipated to grow at a lucrative growth rate over the study. This market growth is attributed to its high usage post organ transplantation and the rising prevalence of chronic diseases. Thus, the rising market demand for such drugs is anticipated to grow at the fastest rate.
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The preservation market segment is projected to witness a significant growth rate over the assessment period. Strong government funding towards stem cell research and the rising cases of organ failures are the factors expected to favor the market segment’s growth prospects in transplantation industry.
Table of Contents
- Report Description
- Objectives of the Study
- Market Scope
- Report Description
- Executive Summary
- Market Highlights
- Research Methodology
- Data Mining
- Data Sources
- Primary Sources
- Secondary Sources
- Transplantation Market Insights
- Transplantation – Industry snapshot
- Transplantation Market Dynamics
- Drivers and Opportunities
- High demand of organ transplantation
- Rising cases of organ failures
- Restraints and Challenges
- Probable side effects to immunosuppressive drugs
- Drivers and Opportunities
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers (Moderate)
- Threats of New Entrants: (Low)
- Bargaining Power of Buyers (Moderate)
- Threat of Substitute (Moderate)
- Rivalry among existing firms (High)
- PESTLE Analysis
- Transplantation Market Industry trends
- Transplantation Market Assessment by Product Type
- Key Findings
- Global Transplantation Market, By Product Type, 2016 – 2028 (USD Million)
- Tissue Products
- Global Transplantation Market, by Tissue Products, by Region, 2016 – 2028 (USD Million)
- Immunosuppressive Drugs
- Global Transplantation Market, by Immunosuppressive Drugs, by Region, 2016 – 2028 (USD Million)
- Preservation Solutions
- Global Transplantation Market, by Preservation Solutions, by Region, 2016 – 2028 (USD Million)
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