A new research report published by Fior Markets with the title Transplantation Market by Type (Tissue Products, Preservation Solutions, Immunosuppressive Drugs), Application (Tissue Transplant, Organ Transplant), End-User (Transplant Centers, Hospitals, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028.
The global transplantation market is expected to grow from USD 8.9 billion in 2020 to USD 21.87 billion by 2028, at a CAGR of 11.9% during the forecast period 2021-2028. North America region dominated the market and held the major share of 41% in the year 2020. This growth is attributed to the development in the medical sector, rising prevalence of organ failure, rapid development in the medical sector, and rising healthcare expenditure. The Asia-Pacific region is anticipated to witness significant growth due to improving healthcare infrastructure in countries like Thailand, India, Philippines, and Indonesia, and increasing research on stem cells to develop in vitro tissue.
DOWNLOAD FREE SAMPLE REPORT: https://www.fiormarkets.com/report-detail/419396/request-sample
The type segment is classified into tissue products, preservation solutions, and immunosuppressive drugs. The tissue products segment dominated the market and held the largest share of 47.5% in the year 2020. This growth is attributed to the new product development, and increasing demand for transplantation procedures like heart valves, cochlear, orthopedic soft tissue, and bone marrow. The immunosuppressive drugs segment is anticipated to grow, owing to the increasing prevalence of chronic diseases, high usage of drugs to prevent post-transplant tissue, and increasing demand for immunosuppressive drugs. The preservation solutions segment is expected to grow due to increasing demand for organ transplant procedures and rising cases of organ failure. Based on application, the market is segmented into tissue transplant and organ transplant. The tissue transplant segment held the major share of 58.3% in the year 2020, owing to the increasing number of accidents, and rising replacement procedures for skin, bones, heart valves, cornea, nerves and veins, and tendons. The organ transplantation segment is anticipated to witness significant growth, due to the increasing number of transplantations globally and advancements in transplantation technology. Hospital segment dominated the market and held the largest share of 51.9% in the year 2020. This growth is attributed to the availability of organs aiding in rapid medical intervention and the growing number of tissue and organ transplantation in hospitals. The transplant centers are expected to grow due to the rising demand for transplantation procedures and rising government initiatives.
Some of the notable players in the market are Medtronic Plc, Zimmer Biomet, Stryker Corp., Biolife Solutions, AbbVie Inc., Biolife Solutions, Veloxis Pharmaceuticals, 21st Century Medicine, and Teva Pharmaceutical. In September 2020, CollPlant Biotechnologies, an Israel-based company collaborated to include 3D bioprinting in the development of human kidneys for transplant.
The factors influencing the market growth are rising demand for novel tissue transplantation for treating organ failure, increasing demand for transplant products like immunosuppressants, tissue products, and organ preservation solutions, and technological advancements. Other factors contributing to the growth of the market include rising incidences of acute diseases that lead to organ failure and increasing focus of transplantation companies on the protection of the brand. The factors restraining the market growth are the high cost associated with transplantation procedures, increasing incidence of organ failure and limited supply of the organs, and ethical and cultural issues.
ACCESS FULL REPORT: https://www.fiormarkets.com/report/transplantation-market-by-type-tissue-products-preservation-solutions-419396.html
About the report:
The global transplantation market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
Customization of the Report:
The report can be customized as per client requirements. For further queries, you can contact us on sales@fiormarkets.com or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.
Contact Us
Mark Stone
Phone:+1-201-465-4211
Email:sales@fiormarkets.com
Web:www.fiormarkets.com