Transplantation Market: Current Analysis and Forecast (2022-2030)
Emphasis on Product Type (Tissue Products, Immunosuppressive Drugs, Preservation Solutions); Application (Organ Transplantation, Tissue Transplantation); End-Users (Hospitals, Transplantation Centers, Others) and Region/Country
The Transplantation market was valued at USD 15 billion in 2022 & is expected to grow at a CAGR of 10% from 2023-2030 The transplantation market refers to the healthcare sector that encompasses the various aspects of organ and tissue transplantation procedures. It involves the procurement, preservation, transportation, and transplantation of organs, tissues, and cells from a donor to a recipient. The goal of transplantation is to replace a damaged or non-functioning organ or tissue with a healthy one, thereby restoring or improving the recipient’s health and quality of life. The transplantation market includes a wide range of organ and tissue transplantations, such as heart, lung, liver, kidney, pancreas, cornea, bone marrow, and stem cell transplants. These procedures are performed to treat various conditions and diseases, including end-stage organ failure, certain cancers, genetic disorders, autoimmune diseases, and severe injuries. The growing demand for transplantations can be attributed to the high demand for tissue and organ transplantation, which includes organs such as kidneys, liver, heart, and lungs around the globe. For instance, an article published by Economic Times in March 2022 estimated that 220,000 patients require kidney transplantations annually in India. However, only 7,500 of these procedures are carried out. Owing to the glaring statistics the need for the organ is very high across the globe would contribute to the growth of the market in the forthcoming period as well. Furthermore, the transplantation market is anticipated to grow on account of continuous advancements in surgical techniques that have led to improved outcomes and success rates in transplantation procedures. Moreover, technological advancements in organ preservation have led to a growing demand for transplantations. However, some of the restraints in the market including organ rejection and immunological challenges are impeding the growth of this market all over the world.
Some of the major players operating in the market Abbvie, Inc, Arthrex, Inc., Zimmer Biomet, Medtronic, Novartis AG, Strykers, F. Hoffmann-La Roche Ltd, BiolifeSolutions, Inc, Teva Pharmaceuticals, Veloxis Pharmaceutical. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, the tissue products segment held a significant share of the market in 2021.”
Based on product, the market is segmented into tissue products, immunosuppressive drugs, and preservation solutions. Among them, the tissue products segment captured a significant share of the market in 2021. Tissue products, immunosuppressants, and preservation solutions are the most common products used in tissue or organ transplantation. The growing number of transplantation procedures, such as cochlear, heart valve, bone marrow, and orthopedic soft tissues, is related to the segment’s expansion. Furthermore, new product development is supporting market expansion
“Amongst application, the tissue transplantation segment held the higher CAGR in the market in 2021.”
Based on the application, the market is bifurcated into organ transplantation and tissue transplantation. Among them, the tissue transplantation segment is expected to grow at a higher CAGR in the market. This is because skin, cornea, bones, heart valves, tendons, nerves, and veins replacement are the most regularly performed procedures worldwide. The increasing number of burn and injury cases is likely to drive tissue product demand.
“North America dominated the Transplantation market in 2021.”
North America, particularly the United States, is a hub for biotechnology and pharmaceutical research. he rising prevalence of chronic diseases, such as kidney disease, liver disease, and heart failure, is driving the demand for transplantation in North America. Companies in the region are focused on developing innovative transplantation solutions to meet this growing demand. For instance, in 2021, Medtronic, a leading medical technology company, announced the launch of the Medtronic Kidney Care Alliance. This alliance aims to address the growing burden of kidney disease and improve patient outcomes through a comprehensive approach that includes transplantation. Moreover, technological advancements in organ preservation methods have improved the transportation and storage of organs, leading to better transplantation outcomes. Companies in North America are investing in research and development of advanced organ preservation technologies. For instance, In 2021, TransMedics, a medical technology company, received FDA approval for its OCS Heart System. The system allows for the preservation and assessment of hearts for transplantation by providing a portable, warm perfusion environment that keeps the heart beating and functioning outside the body. Furthermore, precision medicine approaches, including genetic testing and personalized therapies, are gaining traction in transplantation. Companies are focusing on developing diagnostic tools and targeted therapies to improve patient outcomes and reduce organ rejection rates.
Transplantation Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Transplantation market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Transplantation Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Transplantation market were the three major steps undertaken to create and analyze the adoption of Transplantation in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Transplantation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Transplantation market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Transplantation market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Transplantation market. Further, we conducted factor analysis using dependent and independent variables such as product, application, and end-user of the transplantation market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Transplantation market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Transplantation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Transplantation market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Transplantation market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global transplantation market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product, application, and end-user in the global Transplantation market.
The main objective of the Global Transplantation Market Study
The current & future market trends of the global Transplantation market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Transplantation market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the product, application, and end-user
- Define and analysis of the regulatory framework for the Transplantation industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Transplantation market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Transplantation market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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