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Kidney Transplant Market Size, Share & Competitive Outlook 2024-2033
Kidney Transplant Market Size
According to The Business Research Company's, The kidney transplant market size has grown strongly in recent years. It will grow from $5.8 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to research and clinical trials, patient education and support, enhanced diagnostic tools, advancements in post-transplant care, immunosuppressive therapies.
The kidney transplant market size is expected to see steady growth in the next few years. It will grow to $7.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing demand for transplantation, development of immunomodulatory therapies, expansion of living donor pool, minimization of wait times, telemedicine for pre-transplant evaluation. Major trends in the forecast period include patient-centric care models, research in xenotransplantation, enhanced rejection monitoring, telemedicine for post-transplant care, expanded access to transplantation.
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Market Drivers and Trends:
The rise in the incidence of renal disorders and kidney failure is expected to propel the growth of the kidney transplant market going forward. Renal disorder and kidney failure are disorders when the kidneys stop functioning and cannot balance bodily chemicals or remove waste and surplus water from the blood. Renal failure necessitates kidney transplants to restore kidney function and address the underlying causes of renal failure. For instance, in 2023, according to American Kidney Fund, a US-based non-profit organization, 37 million Americans have kidney disease. Further, there were about 130,000 Americans newly diagnosed with kidney failure in 2020. Therefore, the rise in the incidence of renal disorders and kidney failure is driving the growth of the kidney transplant market.
Advancements in kidney transplantation are a key trend gaining popularity in the kidney transplant market. Companies operating in the kidney transplant market are focused on creating innovative kidney transplant solutions to sustain their position in the market. For instance, in June 2022, Stanford Medicine, a US-based healthcare system, introduced DISOT, a dual immune/solid organ transplant for pediatric kidney transplantation. This innovative technique involves transferring the donor's immune system to the recipient before the kidney transplant, eliminating the need for lifelong immune-suppressing drugs. This advancement offers significant benefits to patients, as they are spared from the serious long-term side effects associated with immune-suppressing medications, including increased risks of cancer, diabetes, infections, and hypertension.
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Major Key Players of the Market:
Pfizer Inc.; Novartis AG; B. Braun Melsungen AG; Fresenius Medical Care AG & Co.; Medtronic Plc.; TransMedics Inc.; Preservation Solution Inc.; Organ Recovery Systems Inc.; Transonic Systems Inc.; DaVita Inc.; Glycorex Transplantation AB; Astellas Pharma Inc.; Veloxis Pharmaceuticals A/s; Immucor Inc.; Penn Medicine; Sanofi S.A; Amgen Inc.; Amyndas Pharmaceuticals; Arthrex Inc.; Abbvie Inc.; Teva Pharmaceuticals Ltd.; Zimmer Biomet; Stryker Co.; BiolifeSolutions; Bristol-Myers Squibb Company; HOOKIPA Pharma Inc.; CareDx Inc.; CSL Behring; Grifols S.A.; Kedrion Biopharma Inc.
Kidney Transplant Market 2024 Key Insights:
• The kidney transplant market size will grow to $7.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
• Surge In Renal Disorders Propels Growth Of The Kidney Transplant Market
• Stanford Medicine's Disot Technique Marks A Milestone In Advancements
• North America was the largest region in the kidney transplant market in 2023
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