The Global Tissue Transplantation Products and Services Market Continue To Grow Owing To the Increased Demand for Tissue Transplantation from Healthcare Sectors across the Globe

 

Tissue Transplantation products and services are getting widely used in the healthcare sectors worldwide. The term Tissue Transplant refers to the process of adding new tissues to the body that is broken down and replaced by other organs or tissues. It is a major breakthrough in organ transplantation and is used more frequently. Tissue Transplantation is the practice of harvesting and replacing human organs such as kidneys, liver, heart valves, lungs, and bones with other healthy tissues from other people. Tissue Transplantation has given hope to many patients who have had to have a hip replaced or a kidney removed because of disease or illness. In recent years, there has been an increase in the number of people who are now choosing to donate their organs and tissues to medical research and treatment centers. More people are now aware of the need for organ donations and more people are now looking to give back to society than ever before.

Market Dynamics                                  

The demand for organ and tissue transplantation is increasing every day. Unhealthy food habits lack of exercise, drug abuse, and alcohol consumption results in organ failure, owing to which the demand for the Tissue Transplantation products and services market is estimated to rise. Increasing events of acute diseases are also estimated to aid the growth of the market. For instance, high blood pressure and diabetes are the main causes of end-stage renal diseases where kidney dialysis or transplant are the only options to save the patients. According to the U.S. Department of Health & Human Services, in 2019, there were approximately 122,913 patients in U.S. who needed urgent tissue transplants. Hence the increasing demand for advanced transplantation products is estimated to drive the market growth. However, the lack of awareness related to Tissue Transplantation products and services and customary and religious beliefs prevents a large number of individuals from donating their organs or tissues. Hence there is always a huge gap between the demand and supply of the market, which is acting as the main restraining factor hindering the growth of the market.

This Tissue Transplantation products and services market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, North America is estimated to hold a bigger share of the market owing to the presence of major biotechnologies and medical device manufacturing companies in the region such as Arthrex, Inc.; Zimmer Biomet; Medtronic; Novartis AG; and Stryker, which are supporting the growth of the tissue transplant products and services market. The Asia Pacific is expected to witness significant growth in the market owing to the increasing research on stem cells for developing organs and vitro tissue. Moreover, the healthcare sectors in regions such as India, Indonesia, the Philippines, and Thailand are also developing rapidly, which is enhancing the growth of the market in Asia-Pacific.

Competitive Analysis

Major players operating in the Tissue Transplantation products and services market include Biomet, Abbott, CryoLife, Inc., Exactech, Inc., Arthrex, Celera, Köhler Chemie, Folio Biosciences, Bristol-Myers, Novartis, Centocor, and LifeCell Corporation.

In May 2019, experts from RMIT University, AMALNA Consulting, and Tithon Biotech Inc. found the characteristic frequencies of the parathyroid hormone activities, which differentiate stem cells in osteoblasts. This prediction can help in the development of advanced techniques for differentiating stem cells in tissue repair and transplantation processes.