Xenotransplantation Size, Share, Trends, Growth And Global Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Xenotransplantation Global Market Report 2023 identifies the increase in demand for tissue and organ transplantation as the major driver for the xenotransplantation market's growth in the forecast period. A hereditary disorder like polycystic kidney disease, cystic fibrosis, or a heart malfunction might lead to the need for an organ transplant in a large number of people. The high demand for organ transplants has led to a shortage of organs. Xenotransplantation helps deal with this shortage by using nonhuman organs instead of human organs.

The global xenotransplantation market size is expected to grow from $12.49 billion in 2022 to $13.50 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The xenotransplantation market is expected to grow to $18.04 billion in 2027 at a CAGR of 7.5%.

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Major competitors in the xenotransplantation market are Veloxis Pharmaceuticals, Organ Recovery Systems, Astellas Pharma, Preservation Solutions, Novartis AG, TransMedic Inc., OrganOX Limited, Qihan Biotech, eGenesis, Recombinetics, Grand Life Science & Technology, Sino-Clone Organ Biotechnology, and Geneo.

A key trend in the xenotransplantation market includes technological advancement. Major companies operating in the xenotransplantation market are introducing new technologies to alter genes, improve survival times, and improve preservation methods and efficiency for delicate organs. Such advancements enable key players to gain a competitive edge in the market. For instance, in January 2022, researchers from the University of Maryland Medical School, a US-based medical school, transplanted a pig's heart from a gene-edited pig into a human patient. This procedure was groundbreaking and moved us one step closer to finding a solution to the organ scarcity challenge.

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The xenotransplantation market is segmented -
•By Products: Organ Preservation Solutions, Transplant Diagnostics, and Tissue Products
•By Treatment: Analgesic, Immunosuppressant, or Other Treatments
•By Applications: Heart, Kidney, Other Organs
•By End-Users: Hospitals, Transplant Centers, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the xenotransplantation market.

The Business Research Company's "Global Xenotransplantation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Xenotransplantation Market Include:
1. Executive Summary
2. Xenotransplantation Market Characteristics
3. Xenotransplantation Market Trends And Strategies
4. Xenotransplantation Market - Macro Economic Scenario
5. Xenotransplantation Market Size And Growth
……
26. Africa Xenotransplantation Market
27. Xenotransplantation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Xenotransplantation Market
29. Xenotransplantation Market Future Outlook and Potential Analysis
30. Appendix

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