TISSUE AND ORGAN TRANSPLANTATION MARKET ANALYSIS

The high cost of transplant procedures can hamper the global tissue and organ transplantation market growth. Transplant procedures require extensive medical resources as well as lifelong anti-rejection drug therapy for patients. This makes transplantation a very expensive treatment option for most people globally. According to the data from the Organ Procurement and Transplantation Network, the average costs of major organ transplant procedures in the U.S. are US$ 400,000 for a heart transplant, around US$ 260,000 for a kidney transplant from a living donor, and approximately US$ 167,000 for a liver transplant. While these costs may be covered by insurance for eligible patients in developed countries, a vast majority of people residing in developing nations are unable to afford such expensive treatment. This deters these people from even considering organ transplantation as a treatment choice. As per the World Health Organization, nearly 7.5 million people globally need an organ transplant each year, but fewer than 10% of people who need a transplant receive one, primarily due to financial constraints.

Market Opportunities: Emerging markets in developing countries

Emerging markets in developing countries can offer opportunity for the global tissue and organ transplantation market growth. These nations are experiencing rapid economic development and rising incomes, which improves access to healthcare. With growing medical facilities and awareness about transplant procedures, there has been huge demand for transplants However, many developing countries still face challenges in expanding their organ donation programs. There is a severe shortage of organs available for transplant in many developing countries as compared to the number of patients needing transplants. For instance, according to the data from WHO, India had over 400,000 people waiting for organ transplants in 2022 but only 15,000 transplants were performed annually due to lack of organ availability. According to the African Transplantation Registry Report in 2021, only about 2,000 transplants are performed each year in Africa against an annual need of over 50,000. With growing healthcare spending and greater focus on public health initiatives, countries are looking at novel ways to boost organ donation. Some nations have started financial incentive programs or adopted presumed consent laws to encourage more people to sign up for organ donation.