The growing prevalence of various chronic conditions often tends to result in catastrophic organ and tissue damage. Organ and tissue dysfunction are typically permanent, necessitating a lifetime of dependency on drugs. Transplants remain the pillar for reclaiming a stable life in these dire circumstances. With breakthroughs in medical biotechnology, there has been a boom in tissue transplantation all over the world. The global tissue and organ transplantation market is likely to be driven by its high demand, particularly in developed countries. A large portion of the global population suffers from diseases like Alzheimer’s disease, renal disease, cancer, diabetes, and cardiovascular disease amongst many others, which can escalate to failure of organs and tissues.
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Tissue and organ transplantation services are in high demand due to the rising prevalence and incidences of chronic illnesses, as well as the high success rate of transplantation survival. The acquisition of organs and tissues, as well as their preservation, are the key drivers shaping the contours of the said market. However, the global tissue and organ transplantation market is estimated to be hampered by high-cost of services and shortage of organ supply.
High Prevalence of Conditions Causing Organ Failure to Accentuate Demand for Such Transplantations
The progress of the global tissue and organ transplantation market is likely to be supported by increased awareness about organ donation on a global scale, improved healthcare facilities, and breakthroughs in surgical procedures among other factors. Because of its high rate of success and increasing acceptance, the market is expected to develop rapidly over the projected timeframe.
A major factor driving growth of the market is the rising demand for novel organ transplantation and tissue transplantation products for the treatment of organ failure. A number of conditions, including sepsis, leukemia, drug overdose or abuse, blood loss, severe trauma and various other acute diseases, can cause failure of organs. High blood pressure and diabetes, for example, are the most likely reasons of advanced stage renal disease, which requires a dialysis or kidney transplant to keep a patient alive. The demand for tissue and organ transplantation, particularly lungs, liver, heart, and kidney transplantation, is extremely high around the world.
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