Key Insights into the Kidney Transplant Market’s Growth Opportunities for 2024-2033
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What is the Estimated Growth Rate for the Kidney Transplant Market Between 2024 and 2033?
The size of the kidney transplant market has seen robust growth in the past few years. Projected growth forecasts the market to rise from $5.8 billion in 2023 to $6.11 billion the following year, achieving a 5.3% compound annual growth rate (CAGR). Factors contributing to this historical growth trend are research and clinical trials, patient education and support initiatives, improved diagnostic tools, developments in post-transplant care, and advances in immunosuppressive therapies.
In the coming years, a stable expansion in the kidney transplant market size is anticipated. The market is expected to surge to $7.34 billion by 2028, with a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this growth forecast include a rising need for transplantation, the evolution of immunomodulatory therapies, an increase in the living donor pool, reducing waiting period, and the use of telemedicine for pre-transplant assessment. The forecast period will also likely witness patient-centric care models, xenotransplantation research, improved rejection monitoring, post-transplant telemedicine care, and wider access to transplantation as significant trends.
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What Are the Primary Contributors to the Growth of the kidney transplant Market?
An increase in kidney dysfunctions and failure rates is anticipated to boost the progress of the kidney transplant market. Kidney failure and renal disorders occur when the kidneys cease to work, making it challenging to maintain chemical equilibrium in the body or expel waste and excess water from the bloodstream. When renal failure occurs, restoring kidney function and addressing the root causes necessitates kidney transplants. As an example, the American Kidney Fund, a non-profit organization based in the US, reported in 2023 that kidney disease affects 37 million Americans. Furthermore, in 2020, around 130k Americans were diagnosed with kidney failure for the first time. Consequently, the growing incidence of kidney failure and renal disorders is propelling the kidney transplant market’s expansion.
Which Key Segments Comprise the Kidney Transplant Market?
1) By Transplant Type: Deceased-Donor Kidney Transplant, Living-Donor Kidney Transplant, Expanded Criteria Donor
2) By Age Group: Adult, Pediatrics
3) By Application: Drug Delivery, Capsule Endoscopy, Patient Monitoring
4) By End-User: Transplant Centers, Hospitals, Academic And Research Institutes
What Are the Key Trends Reshaping the Kidney Transplant Market?
Improvements in kidney transplant procedures are becoming a prominent trend in the kidney transplant market. Firms in this sector are concentrating on developing novel kidney transplant methods in order to maintain their market presence. For example, in June 2022, DISOT, a dual immune/solid organ transplant for pediatric kidney transplants, was launched by Stanford Medicine, a healthcare system based in the US. This ground-breaking approach includes transferring the immune system of the donor to the recipient ahead of the kidney transplant, thereby eliminating the necessity for perpetual immunosuppressive medication. This development carries substantial advantages for patients because it alleviates them from the severe chronic side effects that come with immunosuppressive drugs, such as elevated risks of cancer, diabetes, infections, and high blood pressure.
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What Are the Top Regions Fueling Growth in the Kidney Transplant Market?
North America was the largest region in the kidney transplant market in 2023. Europe is expected to be the fastest-growing region in the global kidney transplant market report during the forecast period. The regions covered in the kidney transplant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Kidney Transplant Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the kidney transplant market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Kidney Transplant Market Include
1. Kidney Transplant Market Executive Summary
2. Kidney Transplant Market Segments
3. Kidney Transplant Market Size And Template Market Growth Rate
4. Key Kidney Transplant Market Trends
5. Major Kidney Transplant Market Drivers
……
25. Key Mergers And Acquisitions In The Kidney Transplant Market
26. Top Kidney Transplant Companies
27. Kidney Transplant Market Opportunities And Strategies
28. Kidney Transplant Market, Conclusions And Recommendations
29. Appendix
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