World Transplantation Market to Grow at 9.1% CAGR through 2025, Forecasts Grand View Research in Its New Report Available at MarketPublishers.com20 Jul 2017 • by Natalie Aster
LONDON – Increasing incidence of organ failure has encouraged considerable uptake in the transplantation market. Constantly increasing demand for transplant products like immunosuppressants, organ preservation solutions and tissue products present a key factor poised to propel growth in the transplantation market in the coming years. In these circumstances, many biotechnology and medical device companies have begun to emphasize the development of advanced transplant products, which can help in management of organ failure. The introduction of new and improved transplant products has considerably boosted the expansion of this market.
The tissue products sector captures the major chunk of the overall market revenues, this is attributed to the escalated number of tissue and organ transplant procedures worldwide. this sector is forecast to exhibit growth at the highest CAGR through 2025.
North America takes lead in the world’s transplantation market and is predicted to maintain its dominant position in the year ahead.
Some of the prominent players in the transplantation filed include BioLifeSolutions, AbbVie, Medtronic, Zimmer Biomet, Arthrex, Novartis AG, 21st Century Medicine, Stryker, Veloxis Pharmaceuticals and Teva Pharmaceuticals.
The world’s transplantation market is set to increase at a high 9.1% CAGR over 2017-2025, and will likely cross USD 51 billion in value by the end of the forecast period.
The new research report “Transplantation Market By Product, By Application, By End-use, And Segment Forecasts, 2014 - 2025” prepared by Grand View Research gives an all-round overview of the global market landscape, discusses the prevailing and emerging trends, highlights the market dynamics and delves into the market segmentation. Besides, the research report gives insights into the historical background, describes the current market scenario and offers a comprehensive future outlook through 2025. This report sheds light on the major market growth influencing forces, touches upon the competitive environment, profiles the top players and outlines future growth prospects and threats.
For a full list of the publisher’s in-demand research reports visit the Grand View Research page.