{"id":216,"date":"2021-03-23T11:49:40","date_gmt":"2021-03-23T11:49:40","guid":{"rendered":"https:\/\/visionresearchr-work.colibriwp.com\/vision-research-reports\/?p=216"},"modified":"2021-03-23T11:49:40","modified_gmt":"2021-03-23T11:49:40","slug":"transplant-box-market","status":"publish","type":"post","link":"https:\/\/visionresearchr-work.colibriwp.com\/vision-research-reports\/transplant-box-market\/","title":{"rendered":"Transplant Box Market To Power And Cross USD 14.6 Billion By 2028"},"content":{"rendered":"
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The global Transplant Box market<\/a> size is expected to be worth around US$ 14.6 billion by 2028, according to a new report by Vision Research Reports.<\/p>\n

The global Transplant Box market size was valued at US$ 7.8 billion in 2020 and is anticipated to grow at a CAGR of 8.10% during forecast period 2021 to 2028.<\/p>\n

The major drivers propelling the growth of Transplant Box market are the increasing prevalence of multiple organ failures, which rises the demand for organ transplants and the increasing initiatives by Government and NGOs across various countries worldwide.<\/p>\n

increasing geriatric population worldwide and the increasing prevalence of chronic diseases are expected to drive the studied market. According to the United Nations, World Population Ageing 2019, there were 703 million people aged 65 years or over in the world in 2019 and the number is projected to double to 1.5 billion in 2050.<\/p>\n

A surge in the incidence of multiple organ failure together with an expansion of the ageing population is likely to come up as growth factors for the global transplant box market over the timeframe of analysis, from 2019 to 2029. In addition to that, an increasing initiatives by the government and NGO bodies to encourage people to donate their organs is estimated to augur well for the market. Increased adoption of technologically advanced products in the medical sector is likely to augur well for the global transplant box market over the period of projection, from 2019 to 2029.<\/p>\n

A rise in the incidences of organ failure has led to the augmented number of procedures involving organ transplant. In addition, there has been increased prevalence of chronic disorders all over the world. Cardiovascular diseases have become one of leading causes of death across the globe. These factors are likely to support growth of the global transplant box market over the projection period, from 2019 to 2029.<\/p>\n

Get Sample Copy of This Report@\u00a0https:\/\/www.visionresearchreports.com\/report\/sample\/36686<\/a><\/strong><\/p>\n

Growth Factors<\/strong><\/p>\n

The increasing number of organ transplantation procedures and initiatives encouraging organ donation are driving the market.<\/p>\n

Increasing incidences of chronic diseases that lead to organ failure are expected to surge market growth. Transplantation is the only available procedure for patients with end-stage organ failure. For instance, as per the CDC in 2018, around 4.5 million people were diagnosed with liver disease. Such instances are anticipated to surge the rate of transplants across the globe, thereby propelling the market growth during the forecast period.<\/p>\n

Cardiovascular diseases have emerged as one of the leading causes of fatalities worldwide. According to the estimates of Chicago-based American Heart Association, nearly 92.1 million people were suffering from cardiovascular diseases in the US, in 2018. It is also one of the leading causes of death in the US. Such high prevalence of cardiovascular diseases is likely to work in favor of the global transplant box market in the years to come.<\/p>\n

The increasing prevalence of Kidney failures worldwide is the major driver for the growth of the studied market. For Instance, according to the Institute for Health Metrics and Evaluation, the incidence of chronic kidney disease worldwide was 18,986,903 in 2019 with a prevalence rate of 9,011 per 100,000 globally. Similarly, according to Globocan 2018, there were an estimated 403,262 new kidney cancer cases and 175,098 deaths due to kidney cancer worldwide. Thus, the increasing prevalence of kidney diseases along with recent developments in the technology is anticipated to drive the growth of Kidney segment over the forecast period.<\/p>\n

Unhealthy dietary habits, lack of exercise, alcohol consumption, and drug abuse are some of the leading causes of organ failure. For instance, diabetes and hypertension are the most common reasons for end-stage renal disease, which leads to kidney failure. Kidney transplantation or dialysis is the only treatment option to keep a patient alive. Thus, the demand for transplant box is expected to rise in the near future.<\/p>\n

Report Highlights<\/strong><\/p>\n

The kidney segment dominated the transplant box market and accounted for a revenue share of 56.7% in 2020. Increasing cases of chronic kidney diseases and subsequent kidney failures are expected to surge the kidney transplant rate. According to the CDC in 2020, around 15.0% of adults in the U.S. suffer from chronic kidney diseases every year. Similarly, according to the statistics from National Kidney Foundation (NKF), it is estimated there are more than 2.0 million people around the world suffer from chronic kidney disease and millions of people die from this condition every year.<\/p>\n

The rise in geriatric population, increasing prevalence of chronic diseases and the increasing technological advancements are expected to drive the growth of the studied market in North America. According to Heart Disease and Stroke Statistics 2018, a report from the American Heart Association, Coronary Heart Disease is the leading cause (43.8 %) of deaths attributable to cardiovascular disease in the United States, followed by Stroke (16.8 %), Heart Failure (9.0 %), High Blood Pressure (9.4 %), diseases of the arteries (3.1 %), and other cardiovascular diseases (17.9 %) and also revealed that in 2018, 3,994 Americans were on a waiting list for a heart transplant. Also, the increasing FDA approvals by major players is expected to drive the market. For instance, in Feb 2020, Paragonix Technologies, Inc received clearance of a Pre-Marketing Notification (510(k)) with the US Food and Drug Administration (FDA) for its Donor Lung Preservation System \u2013 LUNGguard. Thus, in view of the aforementioned facts, the transplant box market is expected to boost in North America over the forecast period.<\/p>\n

North America dominated the market for transplant box with a revenue share of 48.7% in 2020. This is owing to the high prevalence of chronic kidney diseases and heart failure rates, as well as increasing investments for improving healthcare infrastructure, which are the major factors promoting market growth. Furthermore, an increasing number of organ transplantation procedures are also expected to promote the market for transplant boxes in the region. –<\/p>\n

In Asia Pacific, the market for transplant boxes is expected to witness the highest CAGR of 9.8% from 2020 to 2027. This is attributed to the increasing healthcare expenditure and rising patient awareness regarding organ donation. Furthermore, the increasing incidence of chronic disorders along with the growing aging population, and rising healthcare expenditure are also anticipated to drive the market for transplant boxes in the forthcoming years. In addition, the low cost of surgical procedures in this region allows a large number of patients to visit for medical reasons.<\/p>\n

Key Players<\/strong><\/p>\n

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