Organ and Tissue Transplantation Market Growth Analysis

Market Insights

The Organ and Tissue Transplantation Market is estimated to grow from USD 13.8 billion in 2020 to USD 23.3 billion by 2026 at a healthy CAGR of 9.3% during the forecast period.

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What is transplantation?

Transplantation is a complex area of medicine because when tissues or organs are transplanted from one person to another, the recipient’s immune system can reject and destroy the donor tissue or organ and medication would be required to suppress the immune response.

Key Players

Key players operating in the Organ and Tissue Transplantation market are-

• CryoLife, Inc. (US)
• Folio Biosciences (US)
• Arthrex (US)
• Abbvie, Inc. (US)
• Zimmer Biomet (US)
• Medtronic PLC (Ireland)
• Novartis AG (Switzerland)
• Stryker Corporation (US)
• BiolifeSolutions, Inc. (US)
• Teva Pharmaceuticals (Israel).

Market Dynamics

Growing demand for tissue and organ transplantation, especially from high-income countries is one of the key countries. Rising prevalence of diseases including cancer, diabetes, renal diseases, cardiovascular diseases, and Alzheimer’s disease have posed a threat of irreversible tissue damage to a large population, across the globe is a key factor boosting the market growth. Moreover, increasing demand for novel tissue transplantation products and organ transplantation for the treatment of organ failure is likely to offer lucrative opportunities.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the organ and tissue transplantation industry. The virus outbreak has turned the lives of people worldwide, with the number of cases increasing rapidly. The COVID-19 crisis has reduced the number of visits to hospitals and surgeries were postponed to curb the spread of the virus, thus affecting the market growth amid the pandemic.

Segments' Analysis

Product Trends

The organ and tissue transplantation market is classified into tissue products, immunosuppressive drugs, and preservation solutions. The tissue products segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly because replacement of cornea, skin, heart valves, bones, nerves, tendons, and veins are the most commonly performed procedures across the globe, which bolsters the segment growth. 

Regional Trends

The North American market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to a surge in the number of transplantation surgeries performed, high consumer awareness, presence of excellent healthcare infrastructure, the large presence of a majority of major players, and rise in government and R&D activities, thereby proliferating the regional market growth.

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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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