The global liver transplantation market is expected to expand significantly, with a current market value of US$ 1,409.8 million. Forecasts suggest that by 2033, the market will increase significantly to be valued at about US$ 2,653.4 million, with a strong growth rate of 6.5% over the course of the projected period.
For patients with severe liver failure, liver transplantation is a life-saving therapeutic option. It is also a necessary treatment for end-stage liver disease and some liver malignancies. The need for liver transplant therapy is expected to rise as long as liver-related illnesses such cirrhosis, hepatitis, and non-alcoholic fatty liver disease remain serious global health issues.
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It is anticipated that in the near future, the market for liver transplants would grow, with considerable contributions coming from breakthroughs in treatment techniques. The reimbursement policies of certain private healthcare facilities and the government have led to an expansion of the liver transplant market.
Over 130,000 organ transplants were carried out in 2020, according to Weforum (2022). The most common organ was the kidney, followed by the liver and heart. A number of companies that develop surgical instruments and preservation techniques dominate the liver transplant business.
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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