Press release
Bone Marrow Transplantation Market Outlook Set to Reach $15.25 Billion by 2029 with 6% Yearly Growth
Bone Marrow Transplantation Market Outlook
The escalating incidences of cancer and other illnesses are set to fuel the bone marrow transplantation industry's growth. Cancer is a severe medical condition characterized by rapid and uncontrolled cell growth in the body, leading to abnormal development. Bone marrow transplantation serves as a curative measure to various diseases and cancers by injecting healthy bone marrow cells into an individual after the abnormal cells in their ill bone marrow have been eliminated. This procedure assists in treating the increasing cases of cancer and other diseases. For example, reports from the American Cancer Society Inc., a nonprofit organization based in the United States, predicted roughly 1.9 million new cancer cases, thereby resulting in about 609,360 cancer-related deaths in the United States in 2022. Consequently, the escalating incidences of cancer and other illnesses will underpin the bone marrow transplantation market's growth.
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What Is the projected market size and growth rate for the bone marrow transplantation market?
The market size for bone marrow transplantation has seen solid growth in recent years. There is anticipated growth from $11.61 billion in 2024 to $12.23 billion in 2025, guided by a compound annual growth rate (CAGR) of 5.4%. The expansion during the historic period can be related to increased cases of hematologic disorders, enhanced healthcare infrastructure, greater awareness and education, the aging population, and government initiatives and support.
The market for bone marrow transplantation is anticipated to experience substantial growth in the coming years, expected to reach a worth of $15.25 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. The expected growth within the forecasting period is attributed to improvements in immunotherapy, elevated demand for allogeneic transplants, expanded uses in non-hematologic diseases, personalized medicine and precision therapeutics, and worldwide collaborations and partnerships. Foreseen trends within the forecast period encompass technological progress, increased demand for allogeneic transplants, rising applications in non-malignant diseases, the emergence of car-t cell therapies, and improved pre-transplant diagnostics.
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What new trends are reshaping the bone marrow transplantation market and its opportunities?
Advancements in technology are fast becoming a significant trend in the bone marrow transplantation market. A large number of leading healthcare firms in this sector are keen on delivering novel and enhanced technology to retain their market standing. For example, BioIntelliSense, an American company specializing in health monitoring and clinical intelligence, launched a continuous monitoring initiative for bone marrow transplant patients in partnership with UC Davis Health, a US-based hospital, in November 2023. This cutting-edge in-hospital venture is designed specifically for individuals receiving bone marrow transplants and Hematology or Oncology services. The program leverages BioIntelliSense's FDA-approved BioButton wearable devices, coupled with algorithmic data analysis and a clinical intelligence system. Its core objective is to persistently track minuscule changes in vital signs to identify potential indications of patient health deterioration. The upfront approach adopted by this initiative helps in making clinically relevant decisions and timely interventions to ensure patients' welfare.
What major market segments define the scope and growth of the bone marrow transplantation market?
The bone marrow transplantation market covered in this report is segmented -
1) By Type: Autologous Bone Marrow Transplant, Allogenic Bone Marrow Transplant
2) By Indication: Hodgkin Lymphoma, Acute Leukemia, Multiple Myelomas, Solid Tumors, Non-Hodgkin Lymphoma, Other Indications
3) By End-Users: Hospitals, Multispecialty Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Autologous Bone Marrow Transplant: Peripheral Blood Stem Cell Transplant, Bone Marrow Harvesting And Storage, Conditioning Regimens, Post-Transplant Care
2) By Allogenic Bone Marrow Transplant: Matched Sibling Donor Transplant, Matched Unrelated Donor Transplant, Haploidentical Transplant, Cord Blood Transplant, Conditioning Regimens, Post-Transplant Care
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Which region dominates the bone marrow transplantation market?
North America was the largest region in the bone marrow transplantation market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global bone marrow transplantation market report forecast period. The regions covered in the bone marrow transplantation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the bone marrow transplantation industry growth?
Major companies operating in the bone marrow transplantation market include Merck Millipore Corporation, Sanofi SA, STEMCELL Technologies Inc., HemaCare Corporation, AllCells LLC, Lonza Group Ltd., Conversant Bio Company, Lifeline Cell Technology LLC, Mesoblast Ltd., PromoCell GmbH, ATCC Inc. (American Type Culture Collection), Qiagen N.V., ReachBio LLC, Gamida Cell Ltd., Abbott Laboratories Inc., The Emmes Company LLC, Allogene Therapeutics Inc., Amgen Inc., Angiocrine Biosciences Corp., Astellas Pharma Inc., Atara Biotherapeutics Inc., Bluebird Bio Inc., Cellectis S.A., Celyad SA, Erythrocyte Regeneration and Clinical Therapeutics Inc., Gammacell AB, Gilead Sciences Inc., Graphite Bio Inc., Incyte Corporation, Intellia Therapeutics Inc., Legend Biotech Corporation, Magenta Therapeutics Inc., Novartis AG
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What Is Covered In The Bone Marrow Transplantation Global Market Report?
• Market Size Forecast: Examine the bone marrow transplantation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the bone marrow transplantation market for a structured understanding.
• Key Players Overview: Analyze major players in the bone marrow transplantation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bone marrow transplantation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the bone marrow transplantation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bone marrow transplantation market.
• Industry Challenges: Identify potential risks and obstacles affecting the bone marrow transplantation market.
• Competitive Landscape: Review strategic developments in the bone marrow transplantation market, including expansions, agreements, and new product launches.
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