Global Organ Transplantation Market to Record 6.5% CAGR Through 2024

July 10, 2020

According to the research report titled ‘Global Organ Transplantation Market: World Market Review By Product Type By Applications, By Region, By Country (2019 Edition): Forecast to 2024’, available with Market Study Report LLC, global organ transplantation market is predicted to witness a y-o-y growth rate of 6.5% between 2019 and 2024.

High occurrence of chronic conditions and surging organ donationss have increased the number of organ transplantations conducted across the globe, which in turn is a major factor driving the market growth.

Based on product type, global organ transplantation industry is divided into immunosuppressant drugs, transplant diagnostics, organ preservation products and others. The report states that although immunosuppressant drugs segment accounts for majority market share, transplant diagnostics segment is estimated to generate considerable revenues in the forthcoming years. Rising cognizance of patient profiling during organ transplantation procedures is contributing towards popularity of transplant diagnostics across the globe.

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Elaborating on the application landscape, worldwide organ transplantation industry is split into heart, liver, kidney and others. According to the report, kidney application segment is expected to register substantial growth during the estimated timeframe. Kidney transplantation procedures are extensively employed for treating chronic kidney disorders owing to robust technological advancements and high success rate.

Global organ transplantation market sphere is studied for regions such as Asia-Pacific, Europe, North America and Rest of the World with key focus on India, South Korea, China, Spain, Italy, U.K., France, Germany, Canada and the U.S.

XVIVO Perfusion AB, Organ Recovery Systems, Preservation Solutions Inc., Transonic Systems Inc., Transmed Ltd., Terumo Corporation, Sanofi SA, Pfizer Inc. and Novartis AG are the major companies in global organ transplantation industry.

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