TISSUE AND ORGAN TRANSPLANTATION MARKET ANALYSIS

Tissue And Organ Transplantation Market Size and Trends

Global tissue and organ transplantation market is estimated to be valued at USD 17.11 Bn in 2024 and is expected to reach USD 32.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.

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Growing prevalence of chronic diseases such as cancer, cardiovascular diseases, kidney diseases, and liver diseases boosts demand for tissue and organ transplantation procedures. Rising aging population worldwide also boosts demand for transplantation as aging increases the risk of developing health conditions that require tissue or organ transplant. Furthermore, technological developments in transplantation procedures and increased government funding & initiatives to promote organ donation can drive the global tissue and organ transplantation market during the forecast period.

Aging Population and Growing Diseases

Due to advancement in medical field, there has been increase in average life expectancy across the world. However, increasing age leads to several chronic diseases and health conditions that may damage vital organs beyond repair over time. Growing elderly population  globally can lead to increase in cases of end-stage renal disease, cardiovascular failure, cancer, and other degenerative diseases, which can be treated by transplantation only.  Modern unhealthy lifestyle practices causes younger people to develop cardiovascular and liver conditions earlier in their lives. Thus, there is huge demand for lifesaving organ transplantation procedures like kidney, heart, and liver transplants. According to some estimates, over 113,000 patients worldwide are currently in need of an organ transplant but very few matching donors are available. The healthcare industry and governments across nations are focusing more on bridging this gap between demand and supply to save more lives. For instance, according to the data published on World Kidney Day in March 2020, a collaboration between the International Society of Nephrology (ISN) and the International Federation of Kidney Foundations (IFKF),  kidney disease affected approximately 850 million people worldwide. According to the Globocan 2020 report from the Global Cancer Observatory, a platform that estimates the incidence and mortality of 36 types of cancer across 185 countries, 19,292,789 new cases of cancer were diagnosed in 2020, resulting in approximately 9,958,133 deaths from cancer.

Increase in Public Awareness and Medical Infrastructure

  Increasing awareness about organ donation and transplantation solutions among the general public as well as healthcare specialists can drive the market growth. Extensive education campaigns by non-profit organizations as well as hospitals have made more people understand the need and process of organ donation after death, which can then help many patients receive a second chance at life. Significant investments are being made by both public and private players to develop state-of-the-art transplant facilities with advanced medical equipment, expert surgeons, and streamlined logistics networks. This boosts organ transplantation success rates over the years. Advanced technologies like organ bio-printing can offer new possibilities and interest in this field. Governments across nations are also formulating supportive donation policies, reimbursement guidelines, and regulating the organ trade. All these factors helps patients to gain better access to transplantation therapies and drive the market growth.