The global Kidney Transplant Market is estimated to be valued at US$ 5.8 billionin 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Kidney Transplant Market deals with transplantation of kidneys into those with kidney failure. Products in this market include medication for anti-rejection and tissue typing services for cross-matching donors and recipients. Advances in healthcare IT are improving coordination of donor kidney availability and wait listing of recipients.
Market key trends:
Increasing adoption of healthcare IT solutions is one of the major trends driving the kidney transplant market growth. Healthcare IT helps in maintaining electronic health records of patients waiting for transplant. It also aids in tracking donor availability and matching them with appropriate recipients to minimize wait time. For example, United Network for Organ Sharing in the U.S. maintains a database of all transplant candidates and donors through an online platform. This has streamlined the entire transplant process.
Segment Analysis:
The global kidney transplant market is segmented based on type, product and end user. By type, the pre-transplant segment dominated the market in 2022 owing to the high demand for dialysis equipment, medications for managing kidney diseases and transplant diagnostics. By product, the equipment segment accounted for the largest share as it includes expensive equipment required for organ transportation, preservation and transplant monitoring. By end user, the hospitals and transplant centers segment held the major share of the market due to large number of transplant procedures carried out in hospitals and specialized transplant centers.
Key Takeaways:
Market size: The Global Kidney Transplant Market Size was valued at US$ 5.8 billionin 2023 and is expected to grow at a CAGR of 4.2% during the forecast period.
Regional insights: North America dominated the global market in 2023 attributed to large patient pool, increasing public awareness initiatives and technological advancements. Asia Pacific is expected to be the fastest growing region owing to growing healthcare infrastructure and improving reimbursement scenario.
Key players: Key players operating in the kidney transplant market are Sanofi, Pfizer, Inc., Novartis AG., B. Braun Melsungen AG, Fresenius Medical Care, Medtronic, Preservation Solution Inc., TransMedics, Inc., Organ Recovery Systems, and Transonic Systems Inc. Sanofi and Pfizer collectively hold over 25% share of the global market owing to their diverse product portfolio and global presence.
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