The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s xenotransplantation market report forecasts the xenotransplantation market size to grow to $18.04 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Xenotransplantation Market Report 2023 – https://www.thebusinessresearchcompany.com/report/xenotransplantation-global-market-report

Xenotransplantation Market Size Forecast
The global xenotransplantation market is expected to grow from $12.49 billion in 2022 to $13.50 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The xenotransplantation market is expected to grow to $18.04 billion in 2027 at a CAGR of 7.5%.

North America held the largest xenotransplantation market share.

Key Xenotransplantation Market Driver ­– Increase In Demand For Tissue And Organ Transplantation
For instance, according to a report published in January 2022 by the Organ Procurement and Transplantation Network (OPTN), a public-private partnership that links all professionals involved in the U.S. donation and transplantation system, the number of organ transplants in the United States increased to 41,354 in 2021 from 40,000 in 2020, showing an increase of 5.9%. Therefore, the increasing demand for tissue and organ transplantation will drive the xenotransplantation market.

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Key Xenotransplantation Market Trend – Technological Advancement
Major companies operating in the xenotransplantation market are introducing new technologies to alter genes, improve survival times, and improve preservation methods and efficiency for delicate organs. Such advancements enable key players to gain a competitive edge in the market. For instance, in January 2022, researchers from the University of Maryland Medical School, a US-based medical school, transplanted a pig’s heart from a gene-edited pig into a human patient. This procedure was groundbreaking and moved us one step closer to finding a solution to the organ scarcity challenge.

Xenotransplantation Market Segment
1) By Products: Organ Preservation Solutions, Transplant Diagnostics, and Tissue Products
2) By Treatment: Analgesic, Immunosuppressant, or Other Treatments
3) By Applications: Heart, Kidney, Other Organs
4) By End-Users: Hospitals, Transplant Centers, Other End-Users

Xenotransplantation Market Major Players and Strategies
Major players in the xenotransplantation market Veloxis Pharmaceuticals, Organ Recovery Systems, Astellas Pharma, Preservation Solutions, Novartis AG, TransMedic Inc., OrganOX Limited, Qihan Biotech, eGenesis, Recombinetics, Grand Life Science & Technology, Sino-Clone Organ Biotechnology, and Geneo.

In September 2020, XVIVO, a US-based company specializing in medical technology to create the best methods for preserving organs, tissues, and cells for transplantation, acquired Organ Assist B.V. for an undisclosed amount. Through this acquisition, the firms are committed to eliminating the shortage of donor organs by distributing their cutting-edge technologies to transplant centers. Organ Assist B.V. is a Netherlands-based company that creates and sells organ perfusion devices that prolong the quality of donor organ preservation.

The Xenotransplantation Global Market Report 2023 covers regional data on xenotransplantation market size, xenotransplantation market trends and drivers, opportunities, strategies, and xenotransplantation market competitor analysis. The countries covered in the xenotransplantation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Xenotransplantation is a procedure in which live nonhuman animal cells, tissues, or organs are transplanted, implanted, or infused into a human recipient. It also involves the transplantation, implantation, or infusion of human body fluids, cells, tissues, or organs after having had ex vivo contact with living nonhuman animal cells, tissues, or organs.

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