Global Transplantation Market (2020-2026) – Growth, Trends, and Forecasts

Global Transplantation Market worth is expected to reach USD 24.09 billion by 2026 from USD 13.7 billion in 2019, at a CAGR of 8.4% during the projection period.

The market is driven by growing prevalence of chronic diseases and increasing incidence of burns & accidents across the world and eventual organ failures. It thrives on demand for organ transplants, tissue products, immunosuppressant drugs and preservation solutions. Also, the technological advancements in products and transplants support the market growth coupled with high success rate of transplant procedures. The wide prevalence of organ-threatening diseases such as diabetes, cancer, heart diseases, renal diseases lead to organ failures requiring transplantation. Market players respond with new product launches or application to cater to the transplantation needs with their existing organ & tissue procurement and preservation transplant services. Besides, rising regulatory approvals for innovative products and applications as well as new guidelines for organ donations improve the market prospects of transplantation.