Global Tissue and Organ Transplantation Market – Overview
Chronic diseases often lead to catastrophic damage to vital organs. This damage is usually irreversible and leads to lifetime dependency on medicines. Under such severe conditions, transplants remain the component for restoration of healthy life.
There is increasing demand for tissue and organ transplantation, especially, especially from high income countries. Higher prevalence of diseases such as diabetes, cancer, cardiovascular diseases, renal diseases, and Alzheimer’s disease have posed a threat of irreversible tissue damage to a large population, globally.
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Global Tissue and Organ Transplantation Market – Notable Developments
The global tissue and organ market has a highly competitive vendor landscape. The vendor landscape is consolidated because of the limited number of players is a key reason behind the current scenario of the global market. The companies in the global market are concentrating aggressive growth strategies such as mergers, acquisitions, takeovers, strategic partnerships, and growth alliances. Some of the key players operating in the global market are:
- CryoLife, Inc.,
- Folio Biosciences
- Arthrex, Abbvie, Inc.
- Zimmer Biomet
- Medtronic PLC
- Novartis AG
- Stryker Corporation
- BiolifeSolutions, Inc.
- Teva Pharmaceuticals
- Veloxis Pharmaceutical.
Global Tissue and Organ Transplantation Market – Drivers and Restraints
There are multiple factors that are responsible for the overall development of the global tissue and organ transplantation market. One of the key driving factors for the market growth has been the increasing number of surgeries and organ transplant requests rising across the globe. There is also a considerable rise in the prevalence of chronic disorders that have led to organ failure. In addition to people succumbing to unhealthy lifestyle habits such as smoking and excessive drinking have also led to physical disorders and organ failures. All these factors have led to the fueling the overall development of the global tissue organ transplantation market.
However, there are some factors that might impede the growth of the global tissue and organ transplantation market in the coming years of the forecast period ranging from 2020 to 2030. One of the key restraining factor for the market has been the shortage of organs for the treatment of organ failure is expected to hamper the global tissue and organ transplantation market growth. There is a huge gap between demand and supply of organs for organ failure treatment.
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Global Tissue and Organ Transplantation Market – Geographical Outlook
Based on the regional segmentation, the global tissue and organ transplantation market is segmented into five key regions. These regions are North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Of these, currently the global tissue and organ transplantation market is being dominated by the regional segment of North America. The growth of the regional market is being attributed to the increasing number of organ transplant surgeries across the US. In addition to this, a presence of prominent vendors operating in the North America region is also a key factor for the growth. Furthermore, the presence of a solid and matured healthcare infrastructure available in the US has also contributed to the market growth.
On the other hand, the regional segment of Asia Pacific is expected to witness a promising rate of growth in the coming years of the forecast period ranging from 2020 to 2030. Increasing prevalence of chronic disorders and other ailments is a key factor determining the fast paced growth of the Asia Pacific market.
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