Organ Transplant Market
Organ transplant is a surgical procedure where a damaged or dysfunctional organ is removed and replaced with a donor’s organ. The healthy organs implanted into a receiver’s body are obtained from alive or dead donor or from an animal of the match. In some cases artificial organs are also used for transplantation. Kidney transplants, as well as heart, pancreas, liver, intestine, and lung transplants are the most common organ transplants performed globally. Two organ transplants can also be performed such as heart and lung transplant, kidney, and pancreas transplant.
Rising prevalence of organ failure is expected to augment growth of the global organ transplant model. For instance, in 2014, the World Health Organization (WHO) Global Observatory on Donation and Transplantation reported around 119,873 organ transplantations are registered every year.
Growing awareness of organ donation is expected to propel growth of the organ transplantation market during the estimate period. Market players depend on organ donations as they collect, store and supply these organs. Therefore, growing awareness regarding organ donation is likely to create lucrative environment of growth opportunities for the players
Furthermore, rise in the number of chronic disease, habits of drinking and smoking causing organ failure are also expected to drive growth of the global organ transplant market. For instance, as reported by Health Resources and Services Administration, the U.S. had 117,829 patients on the waiting list of organ transplantation till May 2017, out of which 97,610 patients were waiting for kidney transplant. However, number of transplantation procedure performed between January and April 2017 was just 11,061.
Moreover, factors such as improved surgical methods and treatment strategies to grow survival rate, introduction of novel techniques such as anti-infective and immunosuppression to reduce the risk or organ rejection are as well expected to boost growth of the global organ transplantation market. For instance, in September 2015, Arthrex Inc. announced the launch of ArthroFlex Acellular Dermal Matrix, a new orthobiologic product that is designed for capsular reconstruction. This product allows retention of its growth factors and native collagen scaffold and elastin allows transplant to be successfully incorporated into the receiver.
Factors such as high cost of transplantation procedure, inadequate reimbursement, strict regulation around transplantations, smuggling and shortage of organs are expected restrict growth of the global organ transplant market.
The global organ transplant market it divided on the basis of organ type, and geography.
By organ type:
- North America
- Latin America
- Asia Pacific
- Middle East
The global organ transplant market is regionally divided into North America, Europe, Latin America, Middle East Asia Pacific, and Africa.
Among regions, North America and Europe are expected to witness strong growth in the organ transplant market due to high rate of success of organ transplant procedures, development of technologies in medical and drugs related to transplantation. For instance, in May 2016, Immucor, Inc., introduced kidney Solid Organ Response Test, kSORT, which is a molecular gene expression assay for measuring immune response of a kidney recipient to forecast graft injury or organ rejection.
Major players active in the organ transplant market comprise TransMedic, Terumo Co., OrganOX, Preservation solution, Waters Medical systems, Jarvik Heart Incorporated, Organogenesis Incorporated, Transplant Biomedical, and WorldHeart Co.
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027