Hyderabad, Telengana -- (SBWire) -- 02/15/2023 --Overview:
A transplant, also known as a graft or an organ transplant, is the removal of a part of tissue or an entire organ from its native location and placement in a new location in the same or a different individual. Transplants, such as liver transplants, have the potential to save lives. They can also enhance quality of life by restoring function. Furthermore, while transplanting the transparent tissue that surrounds the eye (cornea) is not required for survival, it can restore sight.
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Market Size and Future Apprehension:
According to the most recent DataM Intelligence analysis, the worldwide "Transplantation Market" is expected to grow at CAGR of 9.2% during the forecast period 2023-2030.
Market Dynamics:
Drivers:
Tens of thousands of individuals worldwide receive kidney transplants each year, with many more on the waiting list. However, even after the organ has been transplanted, the possibility of rejection remains unknown. Verici Dx is now testing their technology in a clinical study in the United States and Europe, which employs artificial intelligence to identify RNA signatures that correlate with damage, rejection, or graft failure. Clinicians take blood samples from kidney transplant patients at various periods before and after the surgery and evaluate their transcriptome with the Illumina NextSe 2000. Verici Dx uses Illumina Connected Analytics (ICA), a secure genomic data platform based on the Amazon Web Services (AWS) cloud, to store its RNA sequencing findings, process sequencing data, and evaluate the information.
Restraints:
Transplant recipients are more vulnerable to infection because immunosuppression affects their immune system and ability to fight infection.
Segmentation Analysis:
Transplantation Market is segmented By Pet Type, Ingredient, Form, Application
By Pet Type:
- Dog
- Cat
By Ingredient:
- Prebiotics and Probiotics
- Enzymes
- Omega-3 and Omega-6 Fatty Acids
- Vitamins and Minerals
- Others
By Form:
- Dry Food
- Wet Food
- Freeze-Dried Food
- Others
By Application:
- Joint Health
- Weight Management
- Skin and Coat
- Dental Health
- Digestive Health
- Others
Competitive Landscape:
Major key players in the market for transplantation are
- Veloxis Pharmaceuticals, Inc.
- Abbott
- Becton Dickinson, and Company
- BioMérieux SA,
- CareDx, Inc.,
- Hologic, Inc,
- QIAGEN
- XVIVO
- Novartis Pharmaceuticals Corporation
- Genentech
- Organ Recovery Systems
- Bridge to Life Ltd.
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Regional Analysis:
North America had the biggest revenue share. The rising prevalence of diabetes, cancer, cardiovascular disease, and renal disease, as well as well-developed healthcare facilities, product launches, acquisitions, and increased clinical trials by key market players in the region, are among the factors expected to drive the market during the forecast period. For example, kidney disease is more frequent in women (14% vs. 12%). However, for every two women who suffer end-stage kidney disease (ESKD), three males have their kidneys fail. Kidney disease is the biggest cause of death in the United States. One in every three persons in the United States (roughly 80 million) is at risk of renal disease. As a result, the demand for transplantation has skyrocketed.
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Transplantation Market Is Expected to Grow at CAGR of 9.2% During the Forecast Period 2023-2030
Transplantation Market is segmented By Pet Type (Dog, Cat), By Ingredient (Prebiotics and Probiotics, Enzymes, Omega-3 and Omega-6 Fatty Acids, Vitamins and Minerals, Others), By Form (Dry Food, Wet Food, Others), By Application (Joint Health, Weight Management, Others (Immunity, Mental Acuity, Calming))