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Organ Transplant Rejection Medication Market to Surpass USD 7.0 Billion by 2031, Propelled by Remarkable CAGR of 3.9% | Transparency Market Research

12-11-2023 02:23 PM CET | Health & Medicine

Press release from: Transparency Market Research

Organ Transplant Rejection Medication Market

Organ Transplant Rejection Medication Market

The global organ transplant rejection medication market is witnessing substantial growth, driven by a surge in chronic diseases, organ failure cases, and advancements in transplant technology. Valued at US$ 4.9 Bn in 2022, the market is projected to grow at a CAGR of 3.9%, reaching over US$ 7.0 Bn by 2031. This research report analyzes key factors influencing the market, regional trends, and profiles major players contributing to the industry's development.

Market Dynamics:
Prevalence of Chronic Diseases and Organ Failure:
The rise in chronic diseases and organ failure is a primary driver for the global organ transplant rejection medication market.
Increasing awareness of organ transplantation benefits, favorable reimbursement policies, and a growing number of organ donors contribute to market development.

Research & Development Opportunities:
Ongoing research and development for more effective immunosuppressive drugs present lucrative opportunities for market players.
Companies are expanding into emerging economies like China, India, Brazil, and South Africa to increase market share.

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Market Overview:
Organ Transplantation as a Therapeutic Option:
Despite advancements, organ rejection remains a significant concern.
Immunossuppressive medications are crucial for preventing rejection and ensuring the long-term success of transplantation.

Increase in Incidence of Organ Failure:
Organ failure cases are on the rise globally due to aging populations, unhealthy lifestyles, and environmental pollution.
The World Health Organization (WHO) estimates 10% of the world's population suffers from chronic kidney disease, leading to an increased demand for organ transplantation.

Rise in Global Geriatric Population:
Aging populations are prone to diseases, increasing the need for organ transplants.
WHO estimates a global geriatric population of 2 billion by 2050, contributing to the expansion of the organ transplant rejection medication market.

Market Segmentation:
Calcineurin Inhibitors Segment:
The calcineurin inhibitors segment accounted for the largest market share in 2022.
Calcineurin inhibitors offer adequate immunosuppression with fewer side effects, driving their preference.

Kidney Transplant Dominance:
Kidney transplants, with high success rates, dominate the market in 2022.
Advances in medical technology contribute to the success of kidney transplants.

Retail Pharmacies Distribution Channel:
Retail pharmacies lead in distribution due to timely availability and convenience for patients.
Economies of scale and bulk medication purchases contribute to lower prices for patients.

Regional Outlook:
North America Dominates:
North America dominated the market in 2022, attributed to a large number of living and deceased donors and advanced organ-preserving practices.
High incidence of chronic diseases drives the market, although high costs and complex procedures pose challenges.

Europe's Concerns About Geriatric Population:
Europe faces a growing geriatric population, reaching 525 million by 2035, leading to increased demand for organ transplant rejection medications.
Asia Pacific's Generic-Driven Market:
Developing countries in Asia Pacific experience a generic-driven market, with increased competition leading to reduced drug prices and improved affordability.

Key Players:
Market Fragmentation:
The market is fragmented with the presence of numerous players.
Key players include Pfizer, Astellas Pharma, Novartis, F. Hoffmann-La Roche, Sanofi, Bristol-Myers Squibb, GlaxoSmithKline, AbbVie, and others.

Key Developments:
Astellas Pharma's PROGRAF received FDA approval for preventing organ rejection in lung transplant recipients.
Zydus Lifesciences' Sirolimus Tablets received final FDA approval in February 2023.

The global organ transplant rejection medication market is poised for significant growth, driven by the increasing incidence of organ failure and chronic diseases. Ongoing research and development, coupled with expansions into emerging economies, present ample opportunities for market players. As the market is expected to reach US$ 7.0 Bn by 2031, it underscores the critical role of organ transplant rejection medications in improving the quality of life for patients worldwide.

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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