July 19, 2024
Kidney Transplant Market

The surging demand for organ transplantion is anticipated to open up the new avenues for Kidney Transplant Market

The Kidney Transplant Market is estimated to be valued at US$ 86139.17 Mn 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:

The kidney transplant market involves the transplantation of kidney from a living or deceased donor to a recipient whose kidneys have failed. Kidney transplantation is considered as the treatment of choice for end-stage renal disease as it can restore quality of life and significantly increases life expectancy as compared to dialysis. The market comprises of products including immunosuppressant drugs, preservation solutions, transplant diagnostics, and others that aid in the transplantation process.

Market Dynamics:

The rising prevalence of end-stage renal disease and growing organ shortage drive the global kidney transplant market growth. According to the data by National Kidney Foundation, currently over 750,000 Americans have irreversible kidney failure with more than 96,000 on the waitlist for kidney transplantation. Moreover, only around 21,000 kidney transplants are performed annually leading to widening gap between demand and supply of organs. Furthermore, technological advancements in transplant procedures and supportive healthcare infrastructure are expected to bolster the market growth over the forecast period. However, ethical issues pertaining to organ trafficking and high cost of transplantation limit market expansion.

Segment Analysis

Content: The kidney transplant market is dominated by the deceased donor sub-segment. Nearly 70% of all kidney transplants performed globally utilize kidneys procured from deceased donors. This is because kidneys from deceased donors are more widely available as compared to living donors. Many countries have established well-organized deceased donor programs through which a large number of kidneys are procured every year to meet the growing demand.

PEST Analysis

Political: Government support in the form of favorable reimbursement policies and increasing funding for transplant programs drives the kidney transplant market growth. However, lack of organ donors in some developing nations acts as a restraint.

Economic: Rising healthcare expenditure over the years along with increasing cases of kidney failure is fueling the demand for kidney transplants across major markets.

Social: Growing awareness about organ and tissue donation among people has encouraged more living individuals to voluntarily donate kidneys, thereby benefitting patients in need.

Technological: Advanced technologies for organ preservation solutions, immunosuppressant drugs, and seamless connectivity between professionals through digital platforms have altogether improved the success rates of kidney transplants.

Key Takeaways

The Global Kidney Transplant Market Size is expected to witness high growth, exhibiting CAGR of 3.1% over the forecast period, due to increasing prevalence of chronic kidney diseases and end-stage renal disorders globally. North America currently dominates the kidney transplant market owing to the well-established healthcare infrastructure along with wider acceptance of organ transplantation procedures in the region. The United States performs the highest number of kidney transplants annually.

On the regional front, Asia Pacific is anticipated to witness the fastest growth during the projected period. This is attributed to factors such as rising healthcare spending, growing geriatric population, expanding medical tourism industry, and increasing adoption of transplant procedures in emerging countries of Asia.

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. These companies are focused on strengthening their product pipelines by investing heavily in research and development activities. Strategic collaborations and acquisitions are other key strategies adopted by players to increase their market presence.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it