Organ Transplantation Market Size

Organ Transplantation Market Analysis

The Organ Transplantation Market size is estimated at USD 6.81 billion in 2024, and is expected to reach USD 10.44 billion by 2029, at a CAGR of 8.93% during the forecast period (2024-2029).

Factors such as the increasing number of organ transplants due to chronic diseases, technological advancements in tissue engineering and organ transplantations, and rising awareness and government initiatives for organ donation and transplantation are expected to boost the growth of the organ transplantation market over the forecast period.

The growing burden of various kidney-related health conditions has been on the rise in recent years. The rising prevalence of kidney diseases such as kidney failure and end-stage renal diseases necessitates kidney transplantation procedures, which propel the demand for various products used during transplantation procedures, thereby bolstering market growth. For instance, as per the Chronic Kidney Disease Registry’s report in March 2024, the prevalence of chronic kidney diseases among the Indian population is increasing rapidly, with the majority of people diagnosed with stage 4 and stage 5 kidney diseases. Thus, the significant burden faced by patients with kidney disease underscores the necessity for kidney transplants, propelling the market’s growth.

Additionally, the high number of organ transplant procedures performed worldwide is anticipated to augment the demand for preservation solutions, immunosuppressant drugs, and other related products in the market, which is expected to augment market growth over the forecast period. For instance, according to data published by XVIVO Perfusion in its 2023 annual report, approximately 160,000 organ transplants are carried out annually worldwide, which unfortunately only corresponds to 10% of the total requirement. Kidney transplants have been shown to generate significant cost savings for healthcare providers. This data demonstrates the high demand for kidney transplantation procedures among the population, propelling market growth.

Similarly, according to data published by the National Organ and Tissue Transplant Organization (NOTTO) in August 2024, about 18,378 organ transplants were performed in India in 2023. Notably, 10% of these procedures were for foreign nationals seeking treatment in India, and over 60% of the living organ donors were women.

In addition to the above context, India's deceased-donor transplants reached 2,935 in 2023, a significant leap from just 837 a decade ago. The state of Rajasthan, with 116 transplants catering to foreign nationals, secured the first position, trailed by West Bengal with 88 transplants. Given this upward trajectory in organ transplantation procedures, the demand for associated products is poised to rise, further driving market growth.

Moreover, government and NGO initiatives to raise public awareness bridge the organ demand-supply gap, ultimately saving more lives through organ donation. These efforts are poised to boost the demand for organ transplantation procedures and related products, driving market growth during the forecast period. For instance, in February 2024, Assam's government introduced the Sushrusha Scheme, offering INR 1 lakh (USD 1,195.86) in financial aid to kidney transplantation patients. These initiatives not only ease the financial strain on patients and their families but also enhance access to organ transplantation. Similarly, the Indian government rolled out awareness campaigns like "Angdaan Mahotsav" and "Organ Donation Month" in July 2023, underscoring the push for organ donation. Such programs are set to amplify organ transplantation procedures and further fuel market expansion.

Similarly, in March 2024, the new National Health Service (NHS) and government partnered to boost organ donation registration in the United Kingdom. Thus, rising partnership activities between the government and health services increase the availability of organs, improve public awareness, and improve infrastructure. These factors are expected to contribute to the growth of the organ transplantation market over the forecast period.

Therefore, owing to the rising burden of kidney-related health conditions, increasing organ transplantation procedures, and growing government initiatives, the market studied is expected to grow over the forecast period. However, the high cost of transplantation, low availability of organs, and rejection issues are likely to impede the growth of the market over the forecast period.