The liver transplant market is witnessing significant growth, fueled by increasing awareness and demand for liver health solutions. Currently valued at USD 1,409.8 million, the market is projected to reach approximately USD 2,653.4 million by 2033. This growth, at a steady compound annual growth rate (CAGR) of 6.5% over the forecast period, highlights the critical importance of liver health and the advancements in transplant technology.
The rising incidence of liver diseases, advancements in transplantation technology, and increasing awareness about liver health are key factors fueling market growth. As more patients seek effective treatment options for liver conditions, the demand for liver transplants continues to rise, driving the market forward.
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The market for liver transplants is expected to develop in the near future, with improvements in treatment techniques expected to contribute significantly to this growth. The government’s and some private healthcare facilities’ reimbursement policies have led to an increase in the market for liver transplants.
Weforum (2022) reports that over 130,000 organ transplants were completed in 2020. The liver and heart were the next most common organs, after the kidney. A small number of companies that manufacture surgical instruments and preservation techniques control the majority of the liver transplant market.
For example, a group of Swiss doctors came up with a novel way in June 2022 to shorten the waiting list for organ transplants. In addition, the surgeons created a novel technique to sustain a damaged liver for a few days. In order to see encouraging progress, the staff is still keeping an eye on the patient.
The transplant waiting list may be shortened by developing new methods for storing injured livers as well as conducting efficient stem cell, tissue engineering, and organogenesis research and development.
Key Takeaways :
- The North American region showed a 29.2% share of the liver transplantation market.
- European nations also show promising market demand in the liver transplantation market, with a share of 20.7%.
- Based on treatment type, liver transplantation surgery dominates the liver transplantation market with a 61.1% global revenue share.
- According to the forecast, 51% of liver transplantation surgeries are done in hospitals, while the rest are done in ambulatory and adult liver transplantation centers.
Recent Developments Detected by FMI in the Liver Transplantation Market:
- In 2022, Jaslok Hospital and Research Center in Mumbai saved two lives with a single liver transplantation surgery. This transplantation surgery, also known as split cadaver liver donation surgery, is where the liver is split into two. It was then used by both an adult and a pediatric recipient simultaneously.
- In August 2022, Integrated Graphene, with a team of scientists, developed an electrochemical biosensor to detect biliary complications in donor livers. The device, Gii-Sens, can detect the quality of the liver before transplantation. It can prevent the development of biliary complications and match the donor-recipient for transplant. According to the makers of Gii-Sens, the device is portable, economical, and responds fast to point-of-care diagnostics.
Key Players:
- Allosource
- Conatus Pharmaceuticals Inc.
- Digna Biotech S.L.
- Dompe Farmaceutici S.p.A.
- Isogenis, Inc.
- RedHill Biopharma Ltd.
- Thompson Surgical
- Integra Life Sciences
- Baxter International Inc.
- XVIVO
- VirTech Bio
- Vital Therapies
- HepaTx
- Humedics
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Key Segments Profiled in the Global Liver Transplantation Market:
By Treatment Type:
- Liver Transplantation Surgery
- Post-Surgery Anti-Rejection Treatment
- Cyclosporine
- Tacrolimus
- Sirolimus Prednisone Azathioprine
- Mycophenolate Mofetil
By End Use:
- Hospitals
- Adult Liver Transplantation Centers
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
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