Transplantation Market Share: Industry Analysis and Outlook
Transplantation Market Size was estimated at USD 15.2 billion in 2022 and is poised to reach at 31.18 billion in 2030 anticipated to expand at a compound annual growth rate approx. CAGR of 9.4% for the forecast period of 2023-2030.
The transplantation market share is a rapidly growing sector that plays a crucial role in saving and improving countless lives worldwide. Transplantation involves the transfer of organs, tissues, or cells from one individual (the donor) to another (the recipient) to replace damaged or dysfunctional organs.
Advancements in medical science, technology, and surgical techniques have significantly contributed to the expansion of the transplantation market. Organ transplantation, such as heart, liver, kidney, lung, and pancreas transplants, has become more common and successful over the years. This has been made possible by advancements in immunosuppressive drugs that help prevent organ rejection and improve patient outcomes.
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The demand for transplantation continues to rise due to several factors. Firstly, there is an increasing prevalence of chronic diseases like end-stage renal disease, liver cirrhosis, heart failure, and respiratory disorders. These conditions often necessitate organ transplantation as the only viable treatment option.
KEY MARKET SEGMENTS
By Product
- Tissue Products
- Immunosuppressive Drugs
- Preservation Solution
By Application
- Organ Transplantation
- Tissue Transplantation
By End-Use
- Hospitals
- Transplant Centers
- Others
Major Players Listed in the Report are as Follows:
Abbvie, Inc, Arthrex, Inc, Zimmer Biomet, Medtronic, Novartis AG, Strykers, 21st Century Medicine, BiolifeSolutions, Inc, Teva Pharmaceuticals, Veloxis Pharmaceutical and others.
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