PUBLISHER: Grand View Research | PRODUCT CODE: 1446464
PUBLISHER: Grand View Research | PRODUCT CODE: 1446464
The global transplant box market size is anticipated to reach USD 275.27 million by 2030 and is anticipated to expand at a CAGR of 8.5% during the forecast period, according to a new report by Grand View Research, Inc. Rising healthcare expenditure, technological advancements in organ preservation coupled with increasing demand for organ transplants, and increasing collaboration and partnerships among the industry key players are the several factors propelling the organ transplant market growth.
Moreover, regulatory approval for transplant boxes creates opportunities for market key players to grow and encourage the manufacturers to invest in R&D and manufacturing. For instance, in January 2023, U.S. FDA granted OrganOx premarket approval for its metra system, a completely automated normothermic machine perfusion (NMP) tool for transportation and preservation of donor livers intended for transplantation. This enhances the product portfolio for the industry key players. Transplant boxes and other innovative organ preservation methods are more widely accessible due to regulatory approval. This indicates that healthcare organizations can provide novel organ transplant solutions, which benefit the patients and improves success rate for such procedures.
Raising awareness of organ donation can result in a transplant procedure that is more efficient and well-organized. Organ procurement, preservation, and distribution to patients can be carried out more effectively with a greater number of donors. Transplant boxes are crucial in these situations since they are made to preserve the viability of organs. Increased awareness of organ donation can contribute to a reduction in waiting times for transplant recipients. Quicker organ retrieval and transplantation become possible with shorter wait times.