by The global Kidney Transplant Market is estimated to be valued at US$ 86139.17 Million in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Kidney transplantation is a surgical procedure that places a healthy kidney from a living or deceased donor into a person whose kidneys no longer function properly. Kidney transplantation is the treatment of choice for most patients with end-stage kidney disease as it provides the best quality and quantity of life compared with long-term dialysis.
Market key trends:
One of the major trends in the kidney transplant market is the increase in number of organ donors. Traditionally, organ donation only took place after the death of the donor but considerable efforts are being made to increase living organ donors. The demand for kidney transplantation has been growing due to rising incidence of kidney failure, while the supply of donor organs remains limited. As a result, living donor kidney transplantation is promoted as an important avenue to increase transplant opportunities. One of the key trends in the kidney transplant market is the rising incidence of kidney failure around the world. According to statistics, kidney failure is increasing at a rate of 5-7% annually due to increasing prevalence of diabetes, hypertension and obesity. These medical conditions are the primary causes of kidney failure. Thus, with growing number of patients with kidney failure, the demand for kidney transplantation is also increasing significantly.
SWOT Analysis
Strengths: Growing prevalence of kidney diseases, advanced transplant procedures, favorable reimbursement policies.
Weaknesses: High cost of transplantation, organ shortage, risks and complications associated with transplantation.
Opportunities: Development of novel drugs and technologies, expansion in emerging markets.
Threats: Stringent regulatory approvals, ethical issues related to organ donation.
Key Takeaways
The Global Kidney Transplant Market Size is expected to witness high growth, exhibiting CAGR of 3.1% over the forecast period of 2023 to 2030, due to increasing prevalence of kidney diseases.
North America is expected to dominate the kidney transplant market during the forecast period. This is attributed to growing incidence of chronic kidney diseases, presence of advanced healthcare infrastructure and reimbursement policies in the region. According to the statistics, in the U.S around 37 million people suffer from kidney diseases.
Key players operating in the kidney transplant market are Sanofi, Pfizer, Inc., Novartis AG., B. Braun Melsungen AG, Fresenius Medical Care, Medtronic, Preservation Solution Inc., TransMedics, Inc., Organ Recovery Systems, and Transonic Systems Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
