Organ Transplantation Market Share, Demand, Industry Trends, Growth Opportunities and Revenue Outlook

Data Bridge Market Research analyses that the organ transplantation market is expected to grow at a CAGR of 9.36% during the forecast period. The "kidney" accounts for the largest application segment in the organ transplantation market within the forecasted period.

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Market Overview:

The organ transplantation market is growing largely across the globe and is expected to grow at the same pace within the forecast period. Increased social awareness regarding the organ transplantation is estimated to accelerate the market's growth.

The organ transplantation market basically deals with the transplantation procedure of the organs. Organ transplantation is a medical procedure in which an organ is removed from one body and transplanted into another to fill a gap or replace a damaged or missing organ. This procedure is mostly used to treat organ failure in the lungs, kidneys, liver, and other organs. Patients with a dead brain whose other organs are healthy and can be used to save another person's life are the most common candidates for organ transplantation. Prior to this dynamic procedure, the family's or the patient's consent is critical, as organ harvesting is an illegal and heinous crime without consent.

Recent Developments
In November 2020, LUPIN announced the launch of TACROLIMUS, a generic immunosuppressant drug indicated for the prevention of organ rejection in allogeneic liver, kidney, and heart transplants, in the US market.
Some of the major players operating in the organ transplantation market are Medtronic, Novartis AG, Pfizer Inc., Sanofi, Terumo Corporation, Preservation Solutions, Inc., TransMedics, Inc., Organ Recovery System, Transonic, AbbVie Inc., Stryker, Zimmer Biomet, 21st Century Medicine, BioLife Solutions ., Teva Pharmaceutical Industries Ltd., Veloxis Pharmaceuticals Inc, Redhill Biopharma Ltd., Organdonor, and NHS Blood and Transplant among others.

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