Transplant Box Market - By Application (Kidney, Liver, Heart, Lung), End-use (Hospitals, Transplant Centers) – Global Forecast, 2024-2032
Published on: 2024-07-20 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Transplant Box Market - By Application (Kidney, Liver, Heart, Lung), End-use (Hospitals, Transplant Centers) – Global Forecast, 2024-2032
Transplant Box Market Size
Transplant Box Market size was valued at around USD 169.5 million in 2023 and is estimated to expand at 8% CAGR from 2024 to 2032. Transplant box refers to a specialized container or transport system used to safely transport organs from the donor site to the recipient hospital during the organ transplant process.
The primary goal of the transplant box is to maintain the viability and health of the organ during transportation, ensuring that it remains suitable for transplantation. This robust market growth can be attributed to various factors, including ongoing advancements in transplant box, an increase in the prevalence of chronic diseases, the continual growth of healthcare expenditure, and an escalating inclination towards transplant diagnostics, which accounted for USD 5.8 billion in 2023, among other contributing factors.
Furthermore, anticipated market expansion is attributed to multiple factors, including the rising incidence of cardiovascular, chronic obstructive pulmonary (COPD), cancer and respiratory ailments, the emergence of innovative non-invasive and minimally invasive treatments. For instance, in 2020, according to the World Health Organization (WHO), cancer accounted for death of nearly ten million individuals worldwide.
Report Attribute | Details |
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Base Year | 2023 |
Transplant Box Market Size in 2023 | USD 169.5 Million |
Forecast Period | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR | 8% |
2024 – 2032 Value Projection | USD 337.2 Million |
Historical Data for | 2018 – 2023 |
No. of Pages | 135 |
Tables, Charts & Figures | 156 |
Segments covered | Application, End-use, and Region |
Growth Drivers |
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Pitfalls & Challenges |
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Transplant Box Market Trends
Growing awareness regarding organ transplantation is crucial for several reasons, including increasing the number of potential organ donors, improving public understanding of transplantation processes, and fostering support for organ donation initiatives.
- Governments and non-profit organizations launch public awareness campaigns to educate the public about organ donation. These campaigns often include television and radio advertisements, social media outreach, and community events.
- For instance, Organ Procurement Organizations (OPOs) play a critical role in organ transplantation by coordinating the donation process. They work to identify potential donors, assess organ suitability, and facilitate the donation and transplantation process.
- Furthermore, international organizations, such as the World Health Organization (WHO) and The Transplantation Society (TTS), work to promote organ transplantation, xenotransplantation, among others globally. They facilitate collaboration between countries, share best practices, and address challenges in the field.
Transplant Box Market Analysis
Based on application, the market is segmented into kidney, liver, heart, lung, and other applications. The kidney segment is estimated to account for USD 85.5 million in 2023.
- The increasing incidence of chronic kidney diseases (CKD) and subsequent kidney failures is anticipated to drive a surge in the demand for transplant boxes.
- Additionally, according to statistics from the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), there were 25,499 kidney transplants conducted in the U.S. in 2022. By February 2023, there were 88,658 patients across the country awaiting kidney transplants.
- Moreover, type 2 diabetes constitutes a substantial risk factor for the development of chronic kidney disease (CKD). Elevated blood sugar levels can lead to damage to the tiny blood capillaries in the kidneys, resulting in diminished kidney function.
- The escalating prevalence of CKD patients is contributing to a proportional increase in the number of kidney transplants. As advanced-stage kidney disease requires a kidney transplant, the growing necessity for such procedures stands out as the primary driver fueling the demand for transplant boxes.
The transplant box market by end-use is categorized into hospitals, transplant centers, and other end-users. The hospitals segment accounted for around USD 96.2 million revenue size in 2023.
- The dominance in market share can be attributed to hospitals' capacity to effectively care for high-acuity patients, including those facing conditions such as heart failure, sepsis, among others requiring organ transplant.
- As per the National Center for Biotechnology Information (NCBI), approximately 1.7 million individuals experience sepsis annually in the U.S.
- Furthermore, the requirement for precise transplant box is heightened in hospitals, particularly due to the performance of invasive surgeries.
North America transplant box market accounted for USD 68.7 million revenue in 2023 and is predicted to witness substantial market progress.
- The large market share is correlated to a sophisticated healthcare infrastructure, a heightened prevalence of cardiovascular diseases, swift technological progress, substantial healthcare expenditure, and the expanding elderly population.
- As per information from the Rural Health Information Hub, there is an anticipated rise of 18 million in the geriatric population in the U.S. from 2020 to 2030. Additionally, the same source reports that 90% of adults aged over 65 are expected to develop one or more chronic conditions, thereby promoting demand for market.
Transplant Box Market Share
The transplant box industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced applications based on different technologies is among a key market strategy. Some of the leading industry players including Organ Recovery Systems, Thermo Fisher Scientific Inc., TransMedics Inc., among others have a notable presence in the market.
Transplant Box Market Companies
Some of the eminent market participants operating in the transplant box industry include
- Accord Healthcare Ltd.
- BioLife Solutions Inc.
- BioSpherix Ltd.
- Dr. Franz Koehler Chemie GmbH
- Medtronic plc
- OrganOx Limited
- Organ Recovery Systems
- Paragonix Technologies, Inc.
- Preservation Solution Inc.
- Shanghai Genext Medical Technology Co. Ltd.
- Thermo Fisher Scientific Inc.
- ThermoGenesis Holdings Inc.
- TransMedics Inc.
- Transplant Systems Pty. Ltd.
- XVIVO Perfusion AB
Transplant Box Industry News
- In January 2024, Loyola Medicine marked a noteworthy accomplishment with the successful completion of its first transplant utilizing the TransMedics Organ Care System (OCS), fondly referred to as "Heart-in-a-Box." This state-of-the-art technology functions as a compact intensive care unit, meticulously preserving the health and vitality of donor hearts. This transplant expanded the company’s business expansion in the market.
Transplant box market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 - 2032 for the following segments
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Market, By Application
- Kidney
- Liver
- Heart
- Lung
- Other applications
Market, By End-use
- Hospitals
- Transplant centers
- Other end-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa