Market Trends of Transplant Box Industry
Kidney Segment is Expected to Witness Significant Growth Over the Forecast Period
The kidney segment is expected to witness significant growth over the forecast period due to factors such as the rising prevalence of renal failures and increasing chronic diseases, such as diabetes and hypertension, that lead to kidney disease and growing government initiatives to promote organ donation.
Kidney failure or dysfunction has become a burden, which is expected to increase the demand for kidney transplantation, propelling segment growth. For instance, as per an article published in the Indian Journal of Public Health, in September 2022, about 2.2 lakh additional patients with end-stage renal disease are diagnosed each year in India. Thus, the rising burden of kidney disease among the population can lead to kidney failure, which is expected to increase the demand for kidney transplants. This, in turn, is anticipated to fuel the demand for kidney transplant boxes, thereby contributing to the segment's growth.
Additionally, the number of kidney transplant procedures is increasing globally, which is also expected to fuel the demand for kidney transplant boxes, hence propelling segment growth. For instance, as per the 2022 statistics published by IRODat, about 26,627 kidney transplant procedures were reported in the United States in 2022 as compared to 25,490 procedures in 2021. Furthermore, the same source reported that about 1,414 kidney transplant procedures were reported in the United Kingdom in 2022 as compared to 1,237 procedures in 2021.
Therefore, owing to the aforementioned factors, such as the high number of kidney transplant procedures, the studied segment is anticipated to grow over the forecast period.
North America is Expected to Have the Significant Market Share Over the Forecast Period
North America is expected to hold a significant share of the market over the forecast period owing to factors such as the growing organ donation, rise in the geriatric population, increasing prevalence of chronic diseases, and growing technological advancements.
The rising burden of chronic diseases among the population increases the risk of organ failures, which in turn fuels the need for transplantation procedures, thereby contributing to market growth. For instance, according to the statistics published by the American Cancer Society, about 238,340 new cases of lung cancer and 41,210 new cases of primary liver cancer and intrahepatic bile duct cancer are expected to be diagnosed in 2023 in the United States. In addition, as per the same source, about 81,800 new cases of kidney cancer are expected to be diagnosed in the United States in 2023. Additionally, as per the 2022 data published by the Canadian Cancer Society, about 8,100 new kidney and renal pelvis cancer cases were expected to be diagnosed in Canada in 2022. Thus, this is anticipated to fuel the demand for minimally invasive surgery treatment, hence propelling the market growth.
The increasing number of organ transplants and organ donation procedures in the region raises the demand for transplant boxes, which is anticipated to propel the market growth over the forecast period. For instance, as per the 2023 statistics published by the United Network for Organ Sharing, about 42,887 organ transplants were performed in the United States in 2022, with an increase of 3.7 percent over 2021. In addition, as per the same source, more than 25,000 kidney transplants, 9,528 liver transplants, 4,111 heart transplants, and 2,692 lung transplants were performed in the United States in 2022.
Furthermore, the rising adoption of transplant boxes during organ transportation, as well as increasing product launches, is also contributing to the market growth over the forecast period. For instance, in April 2021, Smidt Heart Instituteutilized Transmedics Organ Care System (OCS) Heart, or Heart in a Box, to transport organs to a wide range of geography. The OCS enables transplant surgeons to travel to farther destinations to procure lifesaving organs by acting as a miniature intensive care unit that keeps the heart alive.
Therefore, owing to the aforementioned factors, such as the high burden of chronic diseases and the increasing number of organ transplant procedures, the studied market is anticipated to grow over the forecast period.
