Transplantation Market Expected To Witness A Substantial Growth Of .9 Billion By 2030: Grand View Research Inc.

Posted by Mrudula Karmarkar on June 19th, 2024

San Francisco, 19 June 2024: The ReportTransplantation Market Size, Share & Trends Analysis Report By Product (Tissue Products, Immunosuppressive Drugs, Preservation Solution), By Application (Organ, Tissue Transplant), By End Use, And Segment Forecasts, 2023 - 2030

The global transplantation market size is expected to reach USD 30.9 billion by the year 2030, expanding at a CAGR of 9.3%, according to a new report by Grand View Research, Inc.  Growing incidence of organ failure has resulted in massive growth in the transplantation market.

Rising demand for transplant products such as tissue products, immunosuppressants, and organ preservation solutions is a major factor anticipated to boost the market’s growth during the forecast period. Thus, many biotechnology and medical device companies have begun to concentrate on the development of advanced transplant products for the management of organ failure.

Technological advancement in organ transplantation methods is another major factor supporting the market growth. The development of novel & improved transplant products such as tissue products and surgical instruments has majorly contributed to the expansion of the sector.

In addition, the introduction of advanced tissue products such as DeNovo NT Graft, Chondrofix Osteochondral Allograft, and DuraMatrix Collagen Dura Substitute Membrane provides higher benefits during treatment.  In addition, computerized support systems with advanced systems and software allow easy & effective maintenance of tissues. Thus, the availability of such advanced techniques supports an increase in the number of organ transplant procedures.

Growing demand for novel tissue transplantation products and organ transplantation for the treatment of organ failure is a major factor contributing to the market growth. Organ failure usually occurs due to various factors such as serious trauma, loss of blood, poisoning, drug abuse, leukemia, sepsis, and other acute diseases. Demand for tissue and organ transplantation, mainly kidney, heart, liver, and lungs, is very high globally. Unhealthy dietary habits, alcohol consumption, lack of exercise, and drug abuse are some leading causes of organ failure. Thus, demand for transplantation products is expected to rise soon.

After a transplantation surgery, the recipients are prescribed powerful immunosuppressive drugs; thus, increasing their susceptibility to infectious diseases as their immunity is weakened. This can be attributed to the decline in transplantation numbers in many countries amid the COVID-19 situation. Moreover, the shortage of resources such as primary protective equipment, ICU, and blood products during the pandemic has contributed to the sharp fall in the market’s revenue in 2020.    

Request sample report of Transplantation Market@https://www.grandviewresearch.com/industry-analysis/transplantation-market/request/rs1

The global increase in the demand for organs for transplant can be attributed to an increase in the incidence of acute diseases, which in turn results in an increase in the number of organ failures. For instance, diabetes and high blood pressure are the most common causes of end-stage renal disease, where kidney transplants or dialysis are the only treatment options to keep a patient alive. According to the U.S. Department of Health & Human Services, there were around 122,913 patients in the U.S. waiting to receive organs for transplant in 2023. Thus, there are high demand for advanced transplantation products for the treatment of organ failure. To manage such issues, in March 2023, U.S. government department of Health Resources and Services Administration (HRSA) took an initiative regarding transplantation network and organ procurement modernization.  This idea focuses on the release of new organ donor and transplant data.

Transplantation Market Report Highlights

• Tissue products segment was the largest revenue-generating amongst others due to escalating number of tissue and organ transplant procedures
• Tissue products segment is also expected to rise at the highest CAGR owing to advancements in transplantation products
• Tissue transplant segment held the largest revenue share in the market, because of the rising number of skin, bones, heart valves, cornea, tendons, nerves, and veins procedures worldwide
• The transplant centers segment is projected to expand at the highest CAGR during the forecast period owing to rising popularity of these centers for transplant procedures
• The hospitals segment dominated the market in terms of revenue in 2022 owing to a large number of transplant procedures performed in hospitals
• North America was the leading regional sector in 2022 and is projected to maintain its dominance during the forecast period owing to well-developed healthcare infrastructure
• Existence of a large number of research laboratories, biotechnology, and medical device companies in the North America region is the major factor contributing to its large share

 Some of the major driving factors impacting the market include the introduction of technologically advanced products and an increasing number of tissue banks. However, some of the factors such as the shortage of organ donors for transplantation procedures are expected to restrain the market growth. There is a huge gap between the demand and supply of organs for organ failure treatment. According to the U.S. Department of Health & Human Services, in 2023, there were around 43,201 patients waiting for kidney transplants in the U.S. However, only 23,401 kidney transplant procedures were performed in 2023. Lack of awareness for organ donation and religious & customary beliefs prevent a large number of people from donating. Thus, the shortage of organs for the treatment of organ failure is expected to adversely affect the market growth.

Tissue products were the highest revenue-generating segment in 2022 with a market share of 57.7%. Major products used for tissue or organ transplantation are tissue products, immunosuppressants, and preservation solutions. The increasing number of transplantation procedures such as that of cochlear, heart valves, bone marrow, and orthopedic soft tissues is attributed to the growth of the segment. In addition, new product development is also fueling market growth.

Manufacturers are focusing on new product development, mergers & acquisition, and collaborations to expand their current product portfolio and reinforce their position in the industry. For instance, in September 2016, Stryker Corporation announced the acquisition of Instratek, a leading manufacturer of minimally invasive soft tissue recession instruments for ankle, foot, and upper extremity procedures.

Transplantation Market Report Scope

Immunosuppressive drugs segment is projected to showcase lucrative growth during the study period. This can be attributed to the high usage of these drugs to prevent post-transplant tissue or organ rejection. The increasing prevalence of chronic diseases has led to a rise in demand for organ replacement globally. Thus, demand for immunosuppressive drugs is expected to rise at a significant pace during the forecast period.

Rising regulatory approvals for allografts, autologous grafts, and other materials along with the development of innovative products, such as 3D bioprinting, have led to high demand for transplant products. This 3D bioprinting can be used to regenerate tissues and organs. For instance, in September 2020 Israel-based CollPlant Biotechnologies and United therapeutics announced a collaboration to include 3D bioprinting in the development of human kidneys for transplant.

List of Key Players in Transplantation Market

• AbbVie, Inc.
• Arthrex, Inc.
• Zimmer Biomet
• Medtronic
• Novartis AG
• Stryker
• 21st Century Medicine
• BioLifeSolutions, Inc
• Teva Pharmaceuticals
• Veloxis Pharmaceuticals