Press release
Transplantation Market to Exhibit a CAGR of 10.6% by 2028; Rising Incidence of Cancer and Kidney Failure to Fuel Demand for Transplantations: Fortune Business Insights™
An Overview of the Impact of COVID-19 on this Market
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Acquisition of Hawaii Cellular Therapy and Transplant Laboratory (HCTTL) by Eurofins Transplant Diagnostics to Aid Development
Eurofins' US Transplant Diagnostics announced the successful acquisition of the Hawaii Cellular Therapy and Transplant Laboratory (HCTTL). HCTTL signed an agreement with Eurofins VRL to enlarge VRL's substantial US geographic footprint. Moreover, the acquisition will improve the long-standing pillar of the Hawaiian transplant community and increase VRL's network of laboratories that are now located in 11 states. It will serve Organ Procurement Organizations, Tissue Banks, and commercial companies needing testing donated biological materials. The merger is expected to push this market's growth due to the transplant network and Eurofins Transplant Diagnostics’ strategies to strengthen its position in the transplantation market. The joint transplant diagnostics portfolio of Viracor-Eurofins laboratory and Transplant Genomics innovative testing of subclinical rejection detection testing will advance Eurofins' US Transplant Diagnostics and transplant care.
Request a Sample Copy of the Research Report
Increasing Cases of Chronic Diseases to Aid Development
The surging cases of chronic diseases such as cancer, kidney failure, COPD, lupus, and others will spur the market's opportunities in the foreseeable future. According to the American Lung Association, over 9 million adults over than age of 18 suffered from chronic bronchitis in the U.S in the year 2018, with over 200,000 new cases of lung cancer was recorded in the U.S. Furthermore, the increasing number of cases of organ failures has surged the demand for transplant procedures, which, in turn, will aid the growth of the market. According to the American Journal of Lung Transplantation the number of lung transplant surgeries in the U.S reached record high of more than 200 in the year 2017. There was an increase of 133 lung transplants from the previous year.
Quick Buy Transplantation Market
The Hospital Segment to Hold a Significant Share
Based on product type, the market is classified into tissue products, immunosuppressive drugs, and preservation solutions. The tissue segment is expected to account for the largest due to the advent of new, improved outcomes, including Chondrofix Osteochondral Allograft, DeNovo NT Graft, DuraMatrix Collagen Dura Substitute Membrane.
Based on application, the market is divided into organ transplant and tissue transplant. The tissue transplant segment is expected to account for the highest transplantation market share in the market during the forecast period.
Based on end-users, the market is classified into hospitals, transplantation centers, and others. The hospital segment is expected to hold the lion’s share due to the more significant number of transplants in these facilities.
Geographically, the market is classified into North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
North America to Lead the Market
The market size in North America stood at USD 2.29 billion in 2020. The growth is attributable to the well-established healthcare infrastructure in the US.
Asia Pacific is expected to experience the highest CAGR due to the growing number of chronic diseases coupled with the rising geriatric populace.
Europe is expected to hold a significant share due to increasing R&D investments by companies.
Have Any Query? Ask Our Experts
R&D Investments by Companies to Push Development
The market is dominated by numerous companies operating in the market. Companies are focused on developing novel products to achieve effective transplant procedures. Besides, companies' adoption of various strategies such as partnerships, mergers, and acquisitions will influence growth in the region. For instance, in September 2020, CollPlant Biotechnologies announced the collaboration and expansion of United Therapeutics Corporation.
The Report Lists the Main Companies in this Market:
Novartis International AG (Basel, Switzerland)
AbbVie Inc. (Illinois, U.S)
Arthrex, Inc. (Florida, U.S)
Biolife Solutions (Washington, U.S)
Teva Pharmaceutical (Petah Tikva, Israel)
Veloxis Pharmaceuticals, Inc. (Denmark)
(California, U.S)
TransMedics, Inc. (Andover, MA)
Other Players
Segments Covered in the Report
By Product Type
Tissue Products
Immunosuppressive Drugs
Preservation Solutions
By Application
Organ Transplant
Tissue Transplant
By End-User
Hospitals
Transplantation Centers
Others
By Geography
North America
By Product Type
By Application
By End-User
By Country
USA (By Application)
Canada (By Application)
Europe
By Product Type
By Application
By End-User
By Country
UK (By Application)
Germany (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Scandinavia (By Application)
Rest of Europe (By Application)
Asia Pacific
By Product Type
By Application
By End-User
By Country
Japan (By Application)
China (By Application)
India (By Application)
Australia (By Application)
Southeast Asia (By Application)
Rest of Asia Pacific (By Application)
Latin America
By Product Type
By Application
By End-User
By Country
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
Middle East & Africa
By Product Type
By Application
By End-User
By Country
GCC (By Application)
South Africa (By Application)
Rest of MEA (By Application)
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email:sales@fortunebusinessinsights.com
LinkedIn | Twitter | Blogs
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transplantation Market to Exhibit a CAGR of 10.6% by 2028; Rising Incidence of Cancer and Kidney Failure to Fuel Demand for Transplantations: Fortune Business Insights™ here
News-ID: 2376490 • Views: 219
More Releases from Fortune Business Insight
Current State and Future Prospects of the Global Copper Wire Market: Growth Driv …
Copper wire is a widely used electrical conductor that is essential for the transmission of electrical power and signals. This article will explore the current state of the copper wire market, including its size, growth, and key drivers.
The copper wire market is a significant segment of the global metal industry, which has been witnessing steady growth over the past few years. Copper wire is widely used in various industries, including…
Rise of Synthetic Paper: Exploring the Global Market Size, Growth Drivers, and A …
Synthetic paper is a type of paper-like material made from synthetic resins, which offers durability, water resistance, and tear resistance. This article will explore the current state of the synthetic paper market, including its size, growth, and key drivers.
One key point to note in synthetic paper market research is the different types of synthetic paper available. There are several different types of synthetic paper, each with their own unique properties…
The Evolving Ammonium Nitrate Market: Growth Drivers, Safety Concerns, and Futur …
The ammonium nitrate market has been in the news recently due to its use in the production of fertilizers, as well as its role in several high-profile incidents, including explosions. This article will explore the current state of the ammonium nitrate market, including its size, growth, and key drivers.
The ammonium nitrate market refers to the global market for the production, distribution, and use of ammonium nitrate, a chemical compound widely…
Global Industrial Insulation Market: Trends, Drivers, and Growth Opportunities | …
The industrial insulation market has experienced significant growth in recent years due to increased demand from various industries. This blog post will explore the industrial insulation market, including its size, growth, and key drivers. Additionally, we will discuss the various types of insulation used in industry and their benefits.
The industrial insulation market refers to the market for various types of insulation materials and solutions used in industrial applications. Industrial insulation…
More Releases for Application
Butylamine Market Report 2018: Segmentation by Product (Type I, Type II, Type II …
Global Butylamine market research report provides company profile for Daicel Corporation (Japan), E. I. Du Pont De Nemours and Company (USA), Dow Amines (USA), Huntsman International LLC (USA), Air Products and Chemicals, Inc. (USA), Alkyl Amines Chemicals Ltd. (India), Arkema Group (France), Ashland Inc. (USA), BASF SE (Germany), BorsodChem MCHZ, s.r.o. (Czech Republic) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances…
Ocean Power Market Report 2018: Segmentation by Technology (Tidal power, Wave po …
Global Ocean Power market research report provides company profile for Ocean Power Technologies, OpenHydro, Seabased, Wello Oy, ANDRITZ HYDRO Hammerfest, Atlantis Resources and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
POS Printer Market Report 2018: Segmentation by Type (Impact, Thermal, Others) b …
Global POS Printer market research report provides company profile for Bixolon, Boca Systems, Cognitive TPG, CUSTOM SPA, NCR, Pertech Industries, Woosim, Zebra and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
High Voltage Super Junction MOSFET Market Report 2018: Segmentation by Type (SMT …
Global High Voltage Super Junction MOSFET market research report provides company profile for Fuji Electric, IceMOS Technology, ROHM, Vishay, DACO Semicondusctor, STMicroelectronics, Renesas Electronics, ON Semiconductor (Fairchild Semiconductor), Alpha & Omega Semiconductor, Infineon Technologies Toshiba and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth…
Waste to Energy Market Report 2018: Segmentation by Technology (Thermal, Biologi …
Global Waste to Energy market research report provides company profile for Waste Management Inc., Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Mediterranee (CNIM), China Everbright International Limited, Covanta Energy Corporation, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to…
Global Application Management Services Market by Service (Application Portfolio …
Application management services encompass a wide range of implementation and operational services that are vital to application maintenance, optimization, support and modernization, and migration. As the number of applications used and deployed by organizations is increasing continuously, the need to monitor and manage these services for business efficiency and continuity is driving the demand for application services across different industries. Companies today make use of a myriad set of applications…
