Tissue and Organ Transplantation Market Estimated to Witness High Growth Owing to Rising Incidences of Organ Failures

The global tissue and organ transplantation market comprises procedures such as bone marrow transplantation, stem cell transplantation, organ transplantation including heart, lungs, liver, kidney and pancreas. The market has witnessed significant growth owing to increasing cases of accidents, chronic diseases and genetic disorders leading to organ failures. As per estimations, around 114,000 transplants are performed worldwide annually. Further, growing awareness regarding the benefits of organ donation along with developed healthcare infrastructure and medical facilities are supporting the market growth.

The Global tissue and organ transplantation market is estimated to be valued at US$ 20.8 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031.



Key Takeaways



Key players operating in the tissue and organ transplantation market are Probi AB, Chr. Hansen Holding A/S, Danone S.A., Yakult Honsha Co., Ltd., Nestle S.A., DowDuPont Inc., Kerry Group plc, BioGaia AB, Probiotics International Limited (Protexin), UAS Laboratories LLC. The key players are involved in new product launches and adopting collaboration and partnership strategies to strengthen their market position.



The growing prevalence of chronic conditions has opened up opportunities for tissue and organ transplantation procedures. Technological advancements in transplant procedures and rising investments from public and private sectors are further fueling the market opportunities.



Rapid globalization has enabled cross-country cooperation for organ donation and transplantation. Further, international standards and guidelines have streamlined the organ transplantation process globally. Developing nations in Asia Pacific and Middle East are expected to witness high expansion owing to improving healthcare infrastructure and increasing healthcare spending.



Market drivers

Rising incidences of organ failures due to lifestyle diseases, traumatic injuries and genetic disorders have been the key driver for the Tissue And Organ Transplantation Market Demand. As per WHO, cardiovascular diseases, chronic kidney diseases, diabetes and cancer account for majority of organ failures worldwide. Further, growing geriatric population who are more susceptible to organ failures has significantly driven the demand for transplantation procedures over the years.

PEST Analysis



Political: The transplantation market is regulated by government bodies at national and international levels. Stringent guidelines and laws have been introduced to ensure ethical and safe practices are followed.



Economic: Rising healthcare expenditures and increasing focus on critical care has been a major driver of growth. However, high costs associated with transplantation procedures and shortage of organ donors pose challenges.



Social: Growing acceptance of organ donation and transplantation in society. Transplant tourism to countries with more liberal donation laws is an issue that needs addressing.



Technological: Advances in areas such as organ preservation, immunesuppression drugs, living donor transplants, 3D bioprinting and stem cell therapy are expanding the applicability and success rates of transplant procedures. Techniques like organ bioengineering could help address the donor organ shortage issue in the future.



Geographical regions with high market concentration:



North America accounts for the largest share of the global tissue and organ transplantation market, due to presence of major market players, rising healthcare expenditure and advanced healthcare infrastructure. Europe follows North America in terms of market size.



Fastest growing region:



Asia Pacific region is expected to witness the highest growth during the forecast period due to increasing healthcare expenditure, growing incidence of organ failure and rising medical tourism in the region. Countries like China, India and Japan are likely to fuel demand.

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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

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