Impact of COVID-19 on Economy, Industry and Company :
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Global Kidney Transplant Market was Valued at US$ XX Mn in 2019 and it is Expected to Reach More than US$ XX Mn by 2028, Likely to Grow with the CAGR of XX % During the Forecast Period.
The Kidney transplant is a widely used transplantation surgery technique globally. It attained great popularity in enhancing the result in end-stage renal disease (ESRD) patients. Along with the latest kidney transplantation techniques with an increased transplantation success, a kidney transplant is currently recognized as the effective method in treating chronic kidney disease for numerous patients. As per the report of National Kidney Foundation, greater than 3,000 new patients are registering in the waiting list in the kidney transplantation in each month globally. A rise in the number of organ donations is fueling the surgical methods that are anticipated to intensify. It is a costlier surgical procedure in the global market where it is cost-effective in the Asia Pacific region that had boosted the prominence of medical tourism in this region. Globally there is an increase in the kidney transplantation since kidney allocation system adaptation that is registered as 8.7%
Rising Healthcare Industry in developing countries to drive the Demand for Kidney Transplant
The healthcare industry is plunging in recent years by an increase in the number of health-related cases in the global market. Supportive promotional activities coupled with favourable government policies are contributing to the healthcare industry. An increase in the Kidney transplant coupled with related challenges is also contributing to the growth of the healthcare industry.
Age 50-65, Segment is anticipated to expand at rapid pace during the Forecast Period
According to the National Kidney foundation age group of 50-65 is the most prominent pool of patients who generally face challenges related to the kidney due to various influencing factors related to health. Moreover, there is a rise in the geriatric population worldwide who encounter such ailments and lead to supportive treatments such as organ transplantation including kidney transplantation. The population of this age group is generally exposed to the health ailments that are anticipated to lead in the severe complications related to kidney diseases. Moreover, there is a high number of deceased donors of the same age group are more who are contributing to the kidney donation and saving lives of the patients who require kidney transplantation due to various complications associated with renal diseases.
North America Is expected to dominate the Kidney Transplant Market during the Forecast Period
North America accounted for over 36.2% of the global revenue share of Kidney Transplant market in 2018 and this trend is expected to continue over the forecast period. This could be attributed to the growth in the geriatric population in this region who are anticipated to exhibit kidney-related ailments. Moreover, this region has substantially contributed to the world market with kidneys for transplantation with increased awareness among the population. The region is also well-established healthcare institutions who offer substantial means of kidney transplantation to the recipients as well as donors. North America is also considered for its medical tourism due to advanced medical technologies and medications that had supported numerous global patients.
Global Kidney Transplant market is fragmented among the number of local and global players. The companies who are focuses on Kidney transplantation services are technologically advanced methods that are supporting them in competitiveness.
Key players operating in the global Kidney Transplant market are Veloxis Pharmaceuticals A/S, Sanofi, Immucor, Inc., Biocon Ltd., Novartis AG. Pfizer, Inc., Astellas Pharma, Hoffmann La Roche Ltd.
Global Kidney Transplant Market Key Segments:
Global Kidney Transplant Market, By Age
- Above 65
Global Kidney Transplant Market, By End-User
- Transplant centres
Global Kidney Transplant Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America