Technological advancements in
transplantation procedures and established healthcare sector is fueling growth
of organ transplant market
Regional segmentation of Organ
Transplant Market by Coherent Market Insights comprises North America,
Latin America, Europe, Asia Pacific, Africa, and Middle East. North America and
Europe region holds the maximum share in the organ transplant market, owing to
success of organ transplant surgeries and technological advancements in medical
surgeries and drugs involved in transplantation. For instance in May 2016,
Immucor, Inc., a global leader in transfusion and transplantation diagnostics,
launched its kidney Solid Organ Response Test, kSORT. It is a molecular gene
expression assay that measures a kidney recipient’s immune response to predict
organ rejection and graft injury.
Organ transplantation is the
surgical operation carried out for replacement of damaged or not functional
organ of an individual. Donated organ are obtained from living donor, deceased
donor or from an animal. Whereas in some cases an artificial organ is used for
the transplantation procedure. The most common organ transplant includes
kidney, heart, liver, pancreas, lung, and intestine. Double organ transplantation
is also possible such as kidney and pancreas transplant and heart and lungs
transplant.
Increasing number of population
suffering from organ failure is driving the growth of organ transplant market
According to World Health
Organization (WHO) Global Observatory on Donation and Transplantation in 2014,
an estimated 119,873 organs were transplanted annually. Moreover, increasing
number of chronic diseases leading to organ failure and habits such as smoking
and drinking are further leading to organ disability, which is fueling growth
of organ transplant market.
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According to Health Resources and
Services Administration, till May 2017, there were around 117,829 patients
waiting for organ transplants in the U.S., among them about 97,610 were waiting
for kidney transplants. However, only 11,061 transplant procedures were
performed from January to April 2017. Increasing number of population awaiting
for organ transplant and increase in mortality rate due to the inadequate organ
for transplantation might create opportunities in the organ transplant market.
Furthermore, refinement and
improvement in surgical techniques and treatment strategies that are helping to
increase survival rate, launch of new anti-infective and immunosuppression
techniques contributing to the lower risk of organ rejection after
transplantation, and the development of organ preservation and organ
procurements are some of the factors fueling growth of the market. For
instance, in September 2015, Arthrex Inc. launched ArthroFlex Acellular Dermal
Matrix, a new orthobiologic product that is intended for use in capsular
reconstruction. This product allows retention of its growth factors and native
collagen scaffold and elastin allows transplant to be successfully incorporated
into the receiver. However, high cost of transplantation, stringent ethical
policies, lack of reimbursement, organ trafficking, and low supply of organs
are some of the factors restraining growth of the organ transplant market.
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Increasing awareness regarding
organ donation is expected to fuel growth of organ transplant market over the
forecast period
Market players rely on organ
donation, which is collected, stored, and distributed by them. Increasing
awareness regarding organ donation is expected to create opportunities for the
industry players. However, factors such as proximity to key suppliers,
understand the government policies, and get access to volunteer labor are
important factors for market players to maintain leading position in organ
transplant market.
Key players operating in organ
transplant market include Organogenesis Incorporated, Terumo Co., OrganOX,
Transplant Biomedical, Preservation solution, TransMedic, WorldHeart Co.,
Waters Medical systems, and Jarvik Heart Incorporated.
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