The Xenotransplantation Global Market Report 2023 by The Business Research Company, provides xenotransplantation market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Xenotransplantation Global Market Report 2023, the market size is expected to grow from the global xenotransplantation market size 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 xenotransplantation market is expected to grow to $18.04 billion in 2027 at a CAGR of 7.5%.
The increase in demand for tissue and organ transplantation is expected to propel the xenotransplantation market. A hereditary disorder like polycystic kidney disease, cystic fibrosis, or a heart malfunction might lead to the need for an organ transplant in a large number of people. The high demand for organ transplants has led to a shortage of organs. Xenotransplantation helps deal with this shortage by using nonhuman organs instead of human organs.
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The xenotransplantation market is segmented:
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
Technological advancement is a key trend in the xenotransplantation market. 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.
The xenotransplantation market report table of contents includes:
1. Executive Summary
2. Xenotransplantation Market Characteristics
3. Xenotransplantation Market Trends And Strategies
4. Xenotransplantation Market – Macro Economic Scenario
5. Xenotransplantation Market Size And Growth
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26. Africa Xenotransplantation Market
27. Xenotransplantation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Xenotransplantation Market
29. Xenotransplantation Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Veloxis Pharmaceuticals
- Organ Recovery Systems
- Astellas Pharma
- Preservation Solutions
- Novartis AG
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