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Tissue And Organ Transplantation Is Estimated To Witness High Growth Owing To Growing Awarenessabout Donor Programme

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Pooja Khodke
Tissue And Organ Transplantation Is Estimated To Witness High Growth Owing To Growing Awarenessabout Donor Programme

Tissue and organ transplantation involves replacing a diseased or damaged tissue or organ with a healthy one from another person or animal. This is done to restore the function of the damaged organ. Common organ transplants include heart, kidney, liver, lung, pancreas, and small intestine. Tissue transplants include bone marrow, heart valves, and skin. The demand for tissue and organ transplantation is increasing globally due to the rising cases of organ failure and emergence of new diseases.

The global Tissue And Organ Transplantation Market is estimated to be valued at Us$ 20.8 Bn in 2024 and is expected to exhibit a CAGR Of 7.9% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.


Market Opportunity


Growing awareness about the importance of organ donation programmes is expected to offer immense growth opportunities for the tissue and organ transplantation market. Several awareness campaigns are being undertaken by healthcare organizations and governments globally to promote organ donation. For instance, National Donate Life Month is observed every April in the US to spread awareness about organ, eye, and tissue donation. Similarly, in India, National Organ Donation Day is observed on November 27. Such initiatives play a key role in overcoming cultural and religious barriers associated with organ donation. As more people sign up for organ donation programmes, the supply of organs for transplantation will increase, driving the market growth over the forecast period.


Porter’s Analysis


Threat of new entrants: The threat of new entrants in moderate in tissue and organ transplantation market due to high capital requirement for R&D, stringent regulations, and established brand loyalty.


Bargaining power of buyers: The bargaining power of buyers is high due to the availability of alternatives and transparency in pricing.


Bargaining power of suppliers: The bargaining power of suppliers is moderate due to the availability of substitutes and established buyer-supplier relationships.


Threat of new substitutes: The threat of new substitutes is low as there are limited alternatives available for tissue and organ transplantation.


Competitive rivalry: The competitive rivalry is high among the existing players to gain maximum market share.


SWOT Analysis


Strength: Growing aging population increases the demand for transplantation surgeries. Technological advancements lead to increase in success rate of transplantation procedures.


Weakness: High cost associated with transplantation procedures restraints the market growth. Shortage of organ donors acts as a major challenge.


Opportunity: Emerging markets offer lucrative opportunities owing to increasing healthcare expenditures. Stem cell therapies offer growth prospects.


Threats: Strict regulations delay new product launches. Ethical issues related to organ donation limit market expansion.


Key Takeaways


The Global Tissue And Organ Transplantation Market Demand is expected to witness high growth at a CAGR of 7.9% during the forecast period of 2024 to 2031. The market size is projected to grow from US$ 20.8 Bn in 2024 to US$ 37.2 Bn by 2031.


Regional analysis:

North America dominates the global market and is estimated to maintain its dominance during the forecast period. Availability of advanced healthcare facilities, rising cases of organ failure, and presence of major market players drive the North American market. Asia Pacific is expected to be the fastest growing market due to growing medical tourism, rising awareness, and increasing healthcare spending.


Key players:

Key players operating in the tissue and organ transplantation market are Probi AB, Chr. Hansen Holding A/S, Danone S.A., Yakult Honsha Co., Ltd., Nestle S.A., DowDuPont Inc., Kerry Group plc, BioGaia AB, Probiotics International Limited (Protexin), UAS Laboratories LLC. Probi AB, Chr. Hansen Holding A/S, and Danone S.A. are among the leading players.


Get more insights on this topic :

https://www.ukwebwire.com/tissue-and-organ-transplantation-market-is-expected-to-be-flourished-by-growing-prevalence-of-organ-failure-diseases/

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https://ceocolumn.com/health/bisphenol-a-odyssey-navigating-the-controversial-waters-of-this-ubiquitous-chemical-compound/

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