The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Overview of Market Growth

• Xenotransplantation market size: $13.48 billion in 2023, projected to reach $14.58 billion in 2024.
• Compound Annual Growth Rate (CAGR): 8.2%
• Factors driving historic growth: Demand for organ transplant, animal breeding, clinical trials, regulatory advancements, surgical techniques.
• Expected growth by 2028: $19.96 billion, CAGR: 8.2%
• Forecast period trends: Personalized xenotransplantation, multi-organ transplants, precision medicine integration, long-term monitoring, blockchain utilization.

Role of Demand Surge in Organ Transplantation

• Increasing demand for tissue and organ transplants propels xenotransplantation market.
• Hereditary disorders like polycystic kidney disease, cystic fibrosis, heart malfunction spur demand.
• Organ shortage highlighted by the Organ Procurement and Transplantation Network (OPTN) report.
• Xenotransplantation addresses shortage by utilizing nonhuman organs.

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Key Players in the Market

• Major companies: Novartis AG, Moderna Therapeutics, Astellas Pharma, United Therapeutics, and many more.
• Diverse offerings include preservation solutions, organ preservation, tissue products, and diagnostics.
• Market segmented by products, treatment, applications, and end-users.

XVIVO’s Innovative Preservation Technology

• XVIVO introduces preservation technology enhancing organ storage and transportation.
• January 2022: XVIVO’s method enhances efficiency in storing and moving donated hearts.
• Organ shortage challenge addressed through innovative preservation solutions.
• Success in long-term survival following xenotransplantation of gene-modified pig hearts into primates.

United Therapeutics’ Strategic Acquisition

• October 2023: United Therapeutics acquires Miromatrix Medical for $91 million.
• Aim: Expand organ production initiatives including xenotransplantation and regenerative medicine.
• Miromatrix Medical’s fully implantable, manufactured kidney product enhances United Therapeutics’ portfolio.

Market Segmentation

• Products: Organ Preservation Solutions, Transplant Diagnostics, Tissue Products.
• Treatment: Analgesic, Immunosuppressant, Other Treatments.
• Applications: Heart, Kidney, Other Organs.
• End-Users: Hospitals, Transplant Centers, Other End-Users.

Regional Dominance: North America Leads

• North America: Largest region in the xenotransplantation market in 2023.

Conclusion: A Promising Frontier The xenotransplantation market showcases robust growth driven by increasing demand for organ transplants, technological advancements, and strategic industry moves. With innovative preservation technologies, strategic acquisitions, and a focus on addressing organ shortage challenges, the market is poised for significant expansion. As personalized xenotransplantation and precision medicine integration become standard practices, the future holds promising opportunities for further growth and development in this vital healthcare sector.

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