The Global Organ and Tissue Transplantation and Alternative Market are expected to grow at a significant CAGR during the forecast period. Organ transplantation is the act of transferring an organ from one body to another or from one donor location to another recipient site in order to replace a damaged or missing organ. Organ transplantation is the last treatment option for those who have reached the end of their treatment options for organ failure. Organs that can be transplanted are intestine, heart, liver, pancreas, lungs, kidney and thymus. Tissues that can be transplanted include heart valve, tendons, skin, nerves cornea veins, and bones.
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Rising incidence of tissue and organ failure disorder will drive the global organ and tissue transplantation and alternative market. The advanced tissue matching, the substantially improved immunosuppressive and efficient anti-infective regimens these all factor will drive the growth of market. The rising multiple organ failure and rising ageing population and increasing government initiative will drive the organ and tissue transplantation and alternative market growth globally.
According to the American Transplant Foundation 2018 report, about 114,000 people in the US are on the waiting list for a lifesaving organ transplant. A new name is added to the national transplant waiting list every 10 minutes. Every day, 20 people die as a result of a dearth of accessible organs for transplantation. According to a 2018 research published in the American Journal of Transplantation, those who have a liver transplant had an 89% chance of survival after one year. The survival rate after five years is 75%. Thus, the increasing rate of organ transplant will drive the market growth.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- Abiomed Inc., Bayer AG, F. Hoffmann-La Roche & Co., Johnson & Johnson, Novartis AG.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Organ and Tissue Transplantation and Alternative Market by Segments
By Type
o Organ Transplantation
o Tissue Transplantation
o Cell Transplantation
By Application
o Hospital
o Clinic
o Laboratory
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