Xenotransplantation Market Growth Analysis, Recent Trends, Industry Size, Share And Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Xenotransplantation Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The xenotransplantation market size has grown strongly in recent years. It will grow from $13.48 billion in 2023 to $14.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growing demand for organ transplant, animal breeding, clinical trials, developments in regulatory approvals, surgical techniques.

The xenotransplantation market size is expected to see strong growth in the next few years. It will grow to $19.96 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to global healthcare infrastructure, public funding, telemedicine, public perception and acceptance, use of AI. Major trends in the forecast period include personalized xenotransplantation, multi-organ transplants, integration with precision medicine, long-term monitoring solutions, use of blockchain.

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Key Market Players:

Major companies operating in the xenotransplantation market report are Novartis AG, Moderna Therapeutics, Astellas Pharma, United Therapeutics, Preservation Solutions, OrganOX Limited, Innovent Biologics, VivaBiome, Talaris Therapeutics, TransMedic Inc., Sirnaomics, Sernova Corp, Nova Lung, Viela Bio, Recombinetics, Tissue Regenix, TissueGene, SAB Biotherapeutics, eGenesis, OrphoMed, Revivicor, Veloxis Pharmaceuticals, Geneo, Organ Recovery Systems, CRISPR Therapeutics, Qihan Biotech, Sino-Clone Organ Biotechnology, Xenothera, Intrexon Corporation, Lung Biotechnology, Cabaletta Bio, Arcturus Therapeutics, CSL Behring, Pfizer Inc., Bayer AG, AbbVie Inc.

Market Drivers:

The increase in demand for tissue and organ transplantation is expected to propel the xenotransplantation market. 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. For instance, according to a report published in January 2022 by the Organ Procurement and Transplantation Network (OPTN), a public-private partnership that links all professionals involved in the U.S. donation and transplantation system, the number of organ transplants in the United States increased to 41,354 in 2021 from 40,000 in 2020, showing an increase of 5.9%. Therefore, the increasing demand for tissue and organ transplantation will drive the xenotransplantation market.

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The xenotransplantation market covered in this report is segmented -

1) By Products: Organ Preservation Solutions, Transplant Diagnostics, Tissue Products
2) By Treatment: Analgesic, Immunosuppressant, Other Treatments
3) By Applications: Heart, Kidney, Other Organs
4) By End-Users: Hospitals, Transplant Centers, Other End-Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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