Tissue and organ transplantation refers to the surgical procedure of transferring tissues or organs from one person to another person to repair, replace or enhance the function of the recipient’s organ or tissue. The transplantation of tissues and organs has become one of the most rapidly growing specialty areas of medicine in the world. Tissue and organ failure profoundly impact people’s lives, however transplantation offers hope for millions of patients worldwide. Growing rates of organ failure due to lifestyle diseases and road accidents have boosted demand for tissue and organ transplantation globally. Advancements in transplantation techniques and immunosuppressive therapies that prevent rejection of transplants can also drive the market growth.
Market Dynamics:
Global tissue and organ transplantation market growth is primarily driven by rising prevalence of chronic diseases and lifestyle disorders resulting in organ failure. Growing geriatric population worldwide is also boosts demand for replacement tissues and organs. According to WHO, the number of people aged 65 years and older is projected to increase from 524 million in 2010 to nearly 1.5 billion in 2050. Furthermore, technological advancements in transplant procedures and development of more effective immunosuppressant drugs to prevent organ rejection can offer new opportunities for market players. However, high costs associated with tissue and organ transplantation surgeries and shortage of matching organs can hamper the market growth. Ethical concerns over organ trafficking and religious prohibitions on organ donations can hamper the supply of transplantable organs.
Key Features of the Study:
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