Organ Transplant Market to Witness Significant CAGR until 2025

Increasing prevalence of chronic diseases involving organ failure to drive global organ transplant market

According to TechSci Research report, “Global Organ Transplant Market By Type (Living-donor transplant, Dead donor transplant), By Sex (Male, Female), By Product (Immuno-suppressant Drugs, Organ preservation solution, Organ Care System), By Organ (Lung, Heart, Liver, Pancreas, Intestine, Kidney and Others), By Types of Transplant (Double transplant, Single transplant), By Region, Forecast & Opportunities, 2025”, global market for organ transplant is anticipated to witness significant during the forecast tenure. Organ transplantation has become an indispensable procedure nowadays in order to save lives of the people by replacing the damaged organs with the healthy ones. Additionally, the organs to be replaced can be provided directly by the donors or by organ transplanting organizations. Moreover, alcohol consumption and smoking habits are quite prevalent these days leading to liver and lung failure respectively, which can cut down the life span of a person if the organ is not transplanted. However, transplants are quite expensive, and their cost varies from region to region due to which it becomes unaffordable to a large part of the global population. This is a major restraining factor which might negatively affect the market growth.

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The global organ transplant market is segmented on the basis of type, sex, product, organ, types of transplant and region. Based on product, the market is further segmented into immuno-suppressant drugs, organ preservation solution and organ care system. Among these, immuno-suppressant drugs are expected to witness highest growth during the forecast years as they decrease human body’s capability of rejecting the transplanted organ and thus, eventually increase the chances of successful organ transplantation. Based on organ, the market is segmented into lung, heart, liver, pancreas, intestine, kidney and others, out of which kidney transplant is the most conducted transplant across the world and therefore accounted for the lion’s share in 2019.

Some of the leading players in global organ transplant market include Novartis, Pfizer, Transmedics, Organ Recovery Systems, Sanofi, Transonic Systems Inc., XVIVO Perfusion, Transplant Biomedicals, Pharmaceuticals A/S, Organ Assist B.V, Essential Pharmaceuticals LLC., BioLife Solutions, Inc., Lifeline Scientific, 21st Century Medicine, Preservation solutions Inc., GE Healthcare, Sandor, Glaxosmith Kline, AstraZeneca, Amgen, etc. In order to expand their market share, the companies are adopting various organic and inorganic strategies. For instance, Novartis International AG, a renowned pharmaceutical company headquartered in Switzerland, bought Selexys Pharmaceuticals in 2016 in order to expand its market share. The company also launched Zortress, an immuno-suppressant, in order to gain more market share across the world.

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“In terms of regional analysis, North America accounted for the largest market share in 2019 due to the increasing cases of organ failures and well developed healthcare facilities in the region. Additionally, presence of leading healthcare companies is positively influencing the regional market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Organ Transplant Market By Type (Living-donor transplant, Dead donor transplant), By Sex (Male, Female), By Product (Immuno-suppressant Drugs, Organ preservation solution, Organ Care System), By Organ (Lung, Heart, Liver, Pancreas, Intestine, Kidney and Others), By Types of Transplant (Double transplant, Single transplant), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global organ transplant market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global organ transplant market.

 

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