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Transplantation Market Report Forecasts Impressive Growth by 2022 - Scalar Market Research
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Transplantation is a medical procedure in which a damaged tissue or failed organ from one body is removed and replaced with a healthy tissue or organ. The donor or recipient can be present at the same location or the organ can be transported from the donor site to other location. Tissue damage occurs due to injury whereas organ failure can occur to variety of problems such as serious trauma, blood loss, infection, cancer, or other acute diseases. Unhealthy lifestyle, alcohol consumption, and lack of exercise can also lead to organ failure. The demand for transplantation of kidney, heart, lungs and eye is increasing day by day. The rise in demand for new tissue transplantation products and organ transplantation is contributing towards the transplantation market growth.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The increase in occurrence of acute diseases is causing an increase in the number of organ failure hence leading to growth of transplantation market. For example, diabetes can lead to kidney failure hence due to increase in occurrence of diabetes in the population, there is also increase in demand for kidney transplantation.
2. Some other major factors leading to the market growth are introducing high-end advanced products and increase in the number of tissue banks. The shortage of number of organ donors is a major market restraint. There is also a huge gap seen between the demand and supply of organs for organ failure treatment.
In addition, the lack of awareness for organ donation and the religious beliefs prevents people from organ donation. These are some of the factors that are bound to hamper the market growth in the future.
The transplantation market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and the Rest of the World. North America is the dominant region as it is contributing towards the highest market revenue. This boom is because of the presence of well-developed healthcare facilities and presence of several biotechnology and medical devices companies. The gap between the demand and supply for organ transplantation has increased over the past couple of years. Hence Governments and NGOs of many countries are taking initiatives in increasing awareness and encouraging more people to opt for organ donation. The new guidelines and rules associated with organ donation have made the procedure easy and more transparent. Next to the North America region is the Asia-Pacific region which is subjected to grow at the highest pace. This is because of increase in research on stem cells and developing invitro tissues and organs.
KEY MARKET PLAYERS
Key players in the transplantation market include:
1. Stryker Corporation
2. Medtronic
3. AbbVie Inc.
4. Arthrex, Inc.
5. Zimmer Biomet
6. Novartis
7. 21st Century Medicine
8. BioLIfe Solutions
9. Teva Pharmaceuticals
10.Veloxis Pharmaceuticals
Browse Report: https://www.scalarmarketresearch.com/market-reports/transplantation-market
About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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