Enjoy complimentary customisation on priority with our Enterprise License!
The Global Transplant Box Market size is estimated to grow by USD 1,671.02 million at a CAGR of 8.6% between 2022 and 2027.
The rise in physical inactivity and unhealthy diets are resulting in high blood pressure, high blood glucose, and high lipids leading to hypertension, obesity, abnormal cholesterol, and diabetes problems. As these conditions are leading to cardiac arrest and other chronic diseases, there is an increase in demand for organ transplantation as it helps to cure such conditions. For instance, according to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), nearly 786,000 people in the US have kidney failure, with 71% on dialysis and 29% with a kidney transplant. The prevalence of CVD among people aged 66 years and above with chronic kidney disease (CKD) is more common. Therefore, there is a growing need for kidney transplants among the US population due to the prevalence of chronic disorders which is expected to drive the market growth.
To learn more about this report, Request Free Sample
The market share growth by the kidney segment will be significant during the forecast period. The kidney segment is expected to sustain its dominance in the market due to factors such as the increasing number of cases of non-communicable diseases and their risk factors, and the burden of chronic kidney disease (CKD) increasing worldwide. For instance, CKD impacts almost 8.5%-9.5% of the adult population worldwide
Get a glance at the market contribution of various segments View a PDF Sample
The kidney segment was valued at USD 927.91 million in 2017 and continued to grow until 2021. Some of the major causes of chronic diseases include diabetes, hypertension, vascular disease, and glomerulonephritis. One of the main causes of CKD in both developing and underdeveloped countries is glomerulonephritis due to the high prevalence of infections. For example, in South Africa, infections from Streptococcus species, hepatitis B and C viruses, and human immunodeficiency virus (HIV) are highly prevalent. Even though CKD occurs in people of all ages, it is more common among those who are aged 65 years and above. CKD has become a major health issue as it causes an increased risk of cardiovascular diseases, infections, diabetes, and cancer leading to impairment in quality of life.
Hence, such factors are expected to drive the growth of this segment which in turn will drive the market during the forecast period. Additionally, advancements in Medical Packaging and Biomedical Technology have improved the safety and efficiency of organ transportation, while innovations in Mixing Equipment have enhanced the manufacturing processes for transplant boxes. Furthermore, the growing demand for Clinical Supplies and Life-saving Equipment, including Surgical Instruments, underscores the critical need for reliable and efficient transplant boxes in the healthcare industry.
One of the major end-user segments in the market is the hospital segment, due to the growing prevalence of chronic disease and associated risk factors such as the rapidly growing aging population and the rising number of heart transplants. Furthermore, the burden of CKD is increasing globally due to rising non-communicable diseases and other risk factors. Hence, factors such as these are expected to drive the growth of this segment which in turn will drive the global transplant market growth in the hospital segment during the forecast period.
The market is witnessing a surge in demand, driven by advancements in organ transportation and the need for effective organ preservation solutions in the healthcare sector. These medical devices play a crucial role in ensuring the safe and efficient transfer of organs during transplant surgery.
With a focus on maintaining the integrity of organs during transit, transplant boxes utilize innovative temperature control and cold chain logistics to provide optimal conditions for organ preservation. These healthcare equipment solutions are essential for facilitating organ donation and supporting organ transplant support services.
As the healthcare industry continues to prioritize patient care, the demand for reliable medical storage and organ transport solutions is on the rise. Stakeholders are closely monitoring market trends and analysis to capitalize on emerging opportunities in this sector, leveraging comprehensive market research and growth reports for strategic decision-making and market growth analysis.
For more insights about the market share of various regions View PDF Sample now!
North America is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. One of the main factors for the significant growth of the market in North America is factors such as the rising cases of transplantation procedures in the country and the availability of advanced healthcare infrastructure, which ensures the continuous supply of therapeutics to patients undergoing transplantation. For example, as per UNOS, in 2022, 42,888 organ transplants were performed in the United States, an increase of 3.7% compared to 2021. Hence, factors such as the rising prevalence of CKD, which necessitates kidney transplantation are expected to drive the global transplant box market growth in the region during the forecast period.
Buy Now Full Report and Discover More
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 12 market companies, including:
Accord Healthcare Ltd: The company offers transplant box such as Custodiol HTK under the brand Essential Pharmaceuticals LLC.
Qualitative and quantitative analysis of fcompanies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
The increasing prevalence of chronic disorders is a major factor driving the growth. The rise in the prevalence of diabetes, chronic kidney diseases, hearing disorders, and cardiovascular diseases (CVDs), such as strokes and cardiac diseases, and the growing aging population are expected to increase the demand for organ transplantation.
Additionally, the rise in physical inactivity and unhealthy diets will lead to high blood pressure, high blood glucose, and high lipids resulting in hypertension, obesity, abnormal cholesterol, and diabetes problems. Hence, these factors are significantly leading to the CVD conditions which in turn will drive the global transplant box market growth in the region during the forecast period. Furthermore, comprehensive market analysis and report can provide valuable insights into the current trends and market forecast, aiding stakeholders in making informed decisions and strategies to capitalize on emerging opportunities.
New product launches are a major trend in the global transplant box market. Several companies in the global transplant box market are implementing different strategies, such as market growth and forecasting, to increase their landscapes and garner large market shares.
The global transplant box market has both local as well as international players. These introductions of new product launches significantly help companies to enhance diversification in supporting the end-users. For instance, in April 2021, TransMedics Group launched 'Heart in a Box', a transportable transplant device for the heart. Hence such factors are expected to drive the global transplant box market growth in the region during the forecast period. Furthermore, Market forecasting and analysis of market growth and trends can provide valuable insights into the trajectory of the transplant box market, assisting companies in making informed decisions and staying ahead of the competition.
Shortage of organ donors is a major challenge restraining the market growth. One of the crucial elements of healthcare is the replacement of failing human organs. Transplants are very important for patients as organs can deteriorate and become defective due to different disease conditions.
For instance, in the US, someone is added to the national transplant waiting list every ten minutes. Almost 20 people die every day due to a shortage of organs while waiting for a transplant. Hence, a shortage of organ donors can pose a significant threat and can hinder the global transplant box market growth in the region during the forecast period.
Buy Now Full Report and Discover More
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Transplant Box Market Scope |
|
Report Coverage |
Details |
Page number |
149 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.6% |
Market growth 2023-2027 |
USD 1,671.02 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
8.5 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 52% |
Key countries |
US, Canada, Germany, China, and Japan |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accord Healthcare Ltd., BioLife Solutions Inc., BioSpherix Ltd., dr. Franz Koehler Chemie GmbH, Medtronic Plc, Preservation Solution Inc., Shanghai Genext Medical Technology Co. Ltd., Thermo Fisher Scientific Inc., ThermoGenesis Holdings Inc., TransMedics Inc., Transplant Systems Pty. Ltd., and XVIVO Perfusion AB |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
View Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.