April 21, 2024
Kidney Transplant Market

Growing Preference For Reduced Waiting Times To Drive Growth In The Kidney Transplant Market

The kidney transplant market has witnessed significant growth over the past few years owing to the rising prevalence of kidney failure worldwide. Kidney transplant is a medical procedure wherein a healthy person donates one of their kidneys to someone whose kidneys have failed. This provides the recipient with a functioning kidney and helps improve their quality of life. Kidneys play a vital role in filtering waste and excess fluid from the blood. When both kidneys start failing, it becomes crucial to either undergo dialysis or receive a kidney transplant.

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, and The Whiting-Turner Contracting Co.

The rising aging population and increasing per capita healthcare expenditure present significant opportunities for players in the kidney transplant market. Furthermore, technological advancements in transplant procedures and immunosuppressant drugs have made kidney transplantation more viable and successful.

Globally, North America dominates the kidney transplant market owing to high patient awareness levels, supportive reimbursement policies, and availability of advanced healthcare infrastructure. Meanwhile, Asia Pacific is expected to exhibit the fastest growth over the forecast period as more countries focus on reducing waiting times for organ transplants.

Market Drivers

A key growth driver for the Kidney Transplant Market Demand is the growing preference for reduced waiting times. Patients with end-stage renal disease seek kidney transplantation in order to avoid dialysis and experience a better quality of life. Transplants allow recipients to shed the burden of ongoing dialysis treatments and feel more energetic. This has encouraged many to actively pursue kidney donation and transplantation.

PEST Analysis

Political: Regulations around organ donation are favorable for growth of the market. Various governments across regions are working towards increasing awareness for organ donation to meet the rising demand for transplants.

Economic: Rising healthcare expenditure, increasing cases of kidney diseases and growth in disposable incomes are driving the market. However, high costs associated with transplantation procedures pose a challenge.

Social: Increasing lifestyle diseases and growing obese population are key factors for rising incidences of kidney failures. Social campaigns encouraging organ donation have led to more people coming forward to donate.

Technological: Advancements in immunosuppressant drugs to prevent rejections, improved surgical techniques and innovations in organ preservation are supporting the market growth. Devices for kidney transplantation are also improving.

The North American region accounts for the largest share of the global kidney transplant market in terms of value. This can be attributed to growing prevalence of chronic kidney diseases, rising healthcare spending, availability of reimbursements and presence of key industry players in the region.

The Asia Pacific region is considered as the fastest growing market for Kidney Transplant Market  Factors such as growing patient pool of kidney diseases, improving healthcare infrastructure, rising medical tourism and initiatives by governments are driving the market in the region. Countries like China, India and Japan are major contributors.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.