by The kidney transplant market has been growing in recent times owing to the rising prevalence of chronic kidney disease. Kidney transplantation is a medical procedure that is performed to replace a failed kidney with a healthier kidney from another person. This treatment procedure helps improve the quality of life of patients with kidney failure as compared to other treatments such as dialysis. Transplant kidneys are usually obtained from living kidney donors or deceased donors. However, challenges pertaining to limited organ availability and higher risk of organ rejection are negatively impacting the growth of the market. The Global Kidney Transplant Market is estimated to be valued at US$ 99232.33 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the kidney transplant market are Alumasc Group Plc, Binderholz GmbH, Bauder Ltd, Forbo International SA, Certain Teed Corporation, The Turner Corp, Clark Group, Gilbane Building Co, Hensel Phelps, The Whiting-Turner Contracting Co. The rising incidence of end-stage renal disease and growing participation of market players to develop innovative solutions for transplantation are creating new business opportunities in the market. Technological advancements in organ preservation techniques such as hypothermic machine perfusion are helping to improve organ viability and quality. This is expected to reduce the shortage of donor organs and boost transplant procedures.
Key opportunities in the market include increasing awareness related to organ donation and transplantation. Various government and non-government organizations are taking initiatives to educate people on the benefits of organ donation which is important to address the challenge of limited organ availability. The development of immunosuppressant drugs with less severe side effects is another major opportunity.
Technological advancements are also driving the kidney transplant market. Recent innovations are focused on development of novel organ preservation techniques. One such technique is hypothermic machine perfusion which helps improve organ quality by flushing preservation solutions through procured organs. This enhances organ viability and reduces the instance of delayed graft function post-transplantation. Other innovations include development of devices to assess transplant viability and suitability of organs.
Market drivers
One of the key drivers for the Kidney Transplant Market Demand is the growing prevalence of chronic kidney diseases. According to estimations, chronic kidney disease affects approximately 10%–13% of adults worldwide. Risk factors associated with chronic kidney disease include diabetes, high blood pressure, family history etc. As kidney disease progresses, patients require dialysis or kidney transplant for treatment. This is fueling the demand for kidney transplants. Moreover, favorable reimbursement policies for organ transplantation in several countries are incentivizing patients to opt for this treatment procedure over long-term dialysis. This is positively impacting the growth of the kidney transplant market.
Current challenges in Kidney Transplant Market:
The Kidney Transplant Market is facing major challenges in terms of shortage of organs for transplantation. As per data, over 90,000 patients in the US are in need of kidney transplants, however less than 20,000 transplants are performed each year due to shortage of donors. Long wait times for organs is another key challenge. On average, a kidney transplant candidate waits for 3-5 years for a deceased donor organ. Living donor transplants have better outcomes but finding a compatible living donor is difficult. Other challenges include high costs associated with transplantation, lifelong immunosuppression medications, risks of organ rejection and complications.
SWOT Analysis
Strength: Advancements in immunosuppressant drugs and surgical procedures have improved outcomes. Waiting times have reduced due to increase in living donor transplants.
Weakness: Shortage of donor organs continues to be a major issue. Risks of infections, organ rejection and other complications.
Opportunity: Developing technologies like use of stem cells, xenotransplantation and artificial organs offer new hope. Increasing public awareness campaigns can boost cadaver organ donation rates.
Threats: Growing incidence of kidney failure poses increased demand. Financial constraints limit access to transplantation in developing regions.
Geographical regions in terms of value
North America dominates the kidney transplant market currently due to large patient volumes, availability of advanced healthcare infrastructure and high rates of kidney transplants. The US accounts for majority of the market share in the region.
Fastest growing region
Asia Pacific region is poised to be the fastest growing market for kidney transplants. Factors such as rising incidence of chronic kidney diseases, growing geriatric population, improving access to healthcare and increasing healthcare investments are driving the market in the Asia Pacific region. China, India are expected to offer high growth opportunities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
