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(Medical-NewsWire.com, November 14, 2017 ) The global bone marrow transplant market is segmented into transplantation type such as allogeneic bone marrow transplantation and autologous bone marrow transplantation. Among these segments, autologous bone marrow transplantation segment is expected to occupy top position in overall bone marrow transplant market during the forecast period. Factors such as low cost and higher success rate are impelling the growth of autologous bone marrow transplantation segment. Further, high preference for autologous bone marrow transplantation by surgeons is anticipated to impel the growth of this segment.
Global bone marrow transplant market is expected to flourish at a CAGR of 4.2% during the forecast period. Moreover, the global bone marrow transplant procedures are expected to reach 96,100 units in 2021. Factors such as rising prevalence of cancer, enhancement in healthcare infrastructure and rising disposable income are expected to considerably increase the market size of global bone marrow transplant market.
Europe captured the largest market share of bone marrow transplant in 2015. Further, Europe is projected to continue its dominance over the forecast period owing to the high number of bone marrow transplant centers in the region. North America is anticipated to significantly contribute to the market size of bone marrow transplantation market. Rising number of bone marrow transplant facilities in the region are expected to propel the growth of the bone marrow transplant market. Asia Pacific is expected to witness rapid increase in the volume of bone marrow transplants during the forecast period. Rising medical tourism coupled with low cost treatment is expected to fuel the growth of bone marrow transplant market in Asia Pacific region.
Increased Prevalence of Cancer
Rise in the number of new cases of cancer is expected to accelerate the growth of bone marrow transplant market during the forecast period. As per the World Health Organization, new cases of cancer are projected to increase by 70% by 2037. As a result, the demand for bone marrow transplant procedures is also expected to increase during the forecast period.
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Technological Advancements and Developments
Technological developments and advancements in bone marrow transplant instruments are driving the growth of bone marrow transplant market. Moreover, advances in technologies have reduced the complications associated with conventional transplant syringe which further is expected to trigger the growth of bone marrow transplant market during the forecast period.
However, high cost of bone marrow transplantation and low availability of bone marrow donors are likely to inhibit the growth of the global bone marrow transplant market in the near future.
The report titled “Bone Marrow Transplant Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global bone marrow transplant market in terms of market segmentation by transplantation type, by disease indication, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global bone marrow transplant market which includes company profiling of Sanofi-Aventis LLC., PromoCell GmbH, STEMCELL Technologies, ReachBio LLC, AllCells LLC., Lifeline Cell Technology, Conversant Bio, ATCC Inc. and Hemacare Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bone marrow transplant market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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