Organ Transplant Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Tissue Products, Organ Preservation Products, Transplant Diagnostics, Immunosuppressant Drugs, Others), By Application (Organ Transplantation, Tissue Transplantation), By Type of Transplant (Autograft, Allograft, Others), By End User (Hospitals, Transplant Centers, Others), By Region and Competition Forecast

Market Overview

Global Organ Transplant Market has valued at USD 14.56 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.93% through 2028. The organ transplantation market primarily deals with the procedure of transplanting organs. Organ transplantation is a medical intervention wherein an organ is extracted from one body and implanted into another to address organ failure, fill a void, or replace a damaged or missing organ. This procedure is commonly employed to treat organ failure in vital organs such as the lungs, kidneys, liver, and others. Candidates most commonly considered for organ transplantation are individuals with brain death yet possessing healthy organs that can potentially save another person's life. Prior to undertaking this intricate procedure, obtaining the consent of the patient or their family is of utmost importance, as organ harvesting without consent is deemed an illegal and reprehensible act.

The organ transplant market refers to the sector of the healthcare industry that involves the transplantation of organs and tissues from one individual (donor) to another (recipient) to replace a malfunctioning or damaged organ. Organ transplantation is a complex medical procedure that aims to improve the quality of life and extend the lifespan of individuals with organ failure or certain medical conditions. The market encompasses various aspects related to organ transplantation, including organ procurement, preservation, transplantation surgery, post-operative care, and ongoing management.

Key Market Drivers

Growing Organ Failures and Organ Donations Procedure

The demand for organ transplantation has been on the rise globally in the past decade. This can be attributed to the increased prevalence of vital organ failure, higher success rates of transplantation, and improved post-transplant outcomes. The incidence of organ failure has also increased due to factors such as alcohol consumption, substance abuse, and unhealthy diets leading to chronic diseases affecting vital organs like lungs, kidneys, and liver. Organ transplantations have become a life-saving measure for patients, which is driving the growth of the transplantation market. Furthermore, technological advancements in transplantation methods are contributing to the overall market revenue growth.  The increasing prevalence of chronic diseases leading to organ failures is a significant driver for market growth. The global rise in organ donation has also influenced people to opt for organ transplantation, thereby accelerating market expansion. Furthermore, the excessive consumption of alcohol and unhealthy dietary habits among the population contribute to organ failure, further augmenting market growth. The proliferation of personal insurance, coupled with lifestyle factors contributing to the burden of illness, is projected to bolster market growth. Additionally, the procurement and preservation of organs and tissues are expected to provide further impetus to market expansion.

Increase In the Demand for Organs for Transplant

The global surge in demand for transplant organs can be attributed to the rising incidence of acute diseases, leading to an increase in organ failures. For instance, end-stage renal disease, primarily caused by diabetes and high blood pressure, necessitates kidney transplants or dialysis as the sole treatment options to sustain patient life. As per the U.S. Department of Health & Human Services, approximately 121,678 patients were awaiting organ transplants in the U.S. in 2019. Consequently, there is a substantial demand for advanced transplantation products to address organ failure. To address this challenge, the U.S. government's Health Resources and Services Administration (HRSA) launched an initiative in March 2023 aimed at modernizing the transplantation network and organ procurement. This effort emphasizes the dissemination of new organ donor and transplant data.

Increasing Number of Tissue Banks

Tissue banks have been known to store biomedical tissues under cryogenic conditions. As the demand for tissue transplantation increases, so does the demand for tissue banks that offer a wide range of services including donor assessment, processing, recovery, storage, labeling, and delivery of tissues. These banks primarily rely on low temperature storage to maintain tissues at optimal conditions. The rise in burn injuries has led to a significant demand for tissue banks that specialize in the retrieval and aseptic storage of skin for donation. Moreover, technological advancements such as centrifuges and cryopreservation systems have greatly improved the efficiency of tissue preservation. Furthermore, computerized support systems equipped with advanced hardware and software have made it easier to maintain and manage tissues with high efficiency. These developments have made the storage and retrieval of organs relatively more convenient, thereby driving the growth of the market.

Technological Advancements in Organ Transplant Methods

Technological advancements in the field of 3D bioprinting are playing a significant role in driving the adoption of organ transplantation. The continuous developments in PCR technique, including enhancements in system design and advanced assays, have greatly improved the precision and effectiveness of tissue typing. The pioneering technique known as desensitization, developed by John Hopkins University School of Medicine, has revolutionized kidney transplantation by enabling the use of organs from any donor. Additionally, therapeutic hypothermia, utilizing targeted temperature management, has emerged as a critical factor in organ transplantation, safeguarding neurological functions in patients with cardiac arrest, asphyxia, and stroke. The introduction of these advanced techniques has contributed to the growth of the global transplantation market, leading to an increase in the number of organ transplant procedures worldwide