The global liver transplantation market will grow to about US$ 2,653.4 million by 2033, from its present estimated value of US$ 1,409.8 million. Over the course of the forecast period, the liver transplant market is anticipated to develop at a solid 6.5% annual rate.
A life-saving therapy option for individuals with severe liver malfunction, liver transplantation plays a critical role in the management of end-stage liver disease and certain liver malignancies. Liver transplant treatments are predicted to become more in demand as long as liver-related illnesses like cirrhosis, hepatitis, and non-alcoholic fatty liver disease continue to pose serious health issues on a global scale.
For patients with end-stage liver disease, cirrhosis, hepatitis C, chronic liver failure, and acute hepatic necrosis brought on by excessive alcohol intake, liver transplantation is an essential therapeutic option. There is a global need for liver transplant treatments due to the increasing prevalence of these illnesses, especially in industrialized nations like the United States..
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The market for liver transplants is projected to expand in the near future, with significant contributions from treatment technique advancements. The market for liver transplants has expanded as a result of government and some private healthcare institutions’ reimbursement policies.
Weforum (2022) reports that over 130,000 organ transplants were performed in 2020, with kidneys being the most popular organ, followed by liver and heart. The liver transplant market is driven by several firms that create surgical tools and preservation procedures.
For instance, in June 2022, a Swiss medical team devised a new method to minimize the waiting period for organ transplants. Moreover, the surgeons developed a new technology to keep a damaged liver alive for a few days. However, the team is still observing the patient and working on the same for promising growth.
“New storage techniques for damaged livers and effective research and development in stem cells, tissue engineering, and organogenesis can lessen the transplant waiting list.
Key Takeaways :
- The North American region showed a 29.2% share of the liver transplantation market.
- European nations also show promising market demand in the liver transplantation market, with a share of 20.7%.
- Based on treatment type, liver transplantation surgery dominates the liver transplantation market with a 61.1% global revenue share.
- According to the forecast, 51% of liver transplantation surgeries are done in hospitals, while the rest are done in ambulatory and adult liver transplantation centers.
Recent Developments Detected by FMI in the Liver Transplantation Market:
- In 2022, Jaslok Hospital and Research Center in Mumbai saved two lives with a single liver transplantation surgery. This transplantation surgery, also known as split cadaver liver donation surgery, is where the liver is split into two. It was then used by both an adult and a pediatric recipient simultaneously.
- In August 2022, Integrated Graphene, with a team of scientists, developed an electrochemical biosensor to detect biliary complications in donor livers. The device, Gii-Sens, can detect the quality of the liver before transplantation. It can prevent the development of biliary complications and match the donor-recipient for transplant. According to the makers of Gii-Sens, the device is portable, economical, and responds fast to point-of-care diagnostics.
Key Players:
- Allosource
- Conatus Pharmaceuticals Inc.
- Digna Biotech S.L.
- Dompe Farmaceutici S.p.A.
- Isogenis, Inc.
- RedHill Biopharma Ltd.
- Thompson Surgical
- Integra Life Sciences
- Baxter International Inc.
- XVIVO
- VirTech Bio
- Vital Therapies
- HepaTx
- Humedics
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Key Segments Profiled in the Global Liver Transplantation Market:
By Treatment Type:
- Liver Transplantation Surgery
- Post-Surgery Anti-Rejection Treatment
- Cyclosporine
- Tacrolimus
- Sirolimus Prednisone Azathioprine
- Mycophenolate Mofetil
By End Use:
- Hospitals
- Adult Liver Transplantation Centers
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
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