The Bone Marrow Transplant Market is driven by increasing prevalence of blood disorders and cancer
The Bone Marrow Transplant Market involves the transplantation of healthy bone marrow stem cells to replace damaged or destroyed bone marrow. Bone marrow transplantation is a potentially curative treatment option for various blood cancers like leukemia, lymphoma and several non-cancerous hematologic conditions. It relies on high-dose chemotherapy and/or radiation therapy to eliminate a patient's diseased bone marrow, followed by an infusion of healthy bone marrow stem cells. The global demand for bone marrow transplant procedures has increased in recent years due to rising incidence of blood disorders like aplastic anemia and different types of cancers worldwide.
The Global Bone Marrow Transplant Market is estimated to be valued at US$ 7261.28 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Bone Marrow Transplant Market are Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Getinge AB, General Electric Company, Hamilton Medical, Medtronic, ICU Medical, Inc., Dragerwerk AG & Co. KGaA, ZOLL Medical Corporation, Koninklijke Philips N.V., VYAIRE, Fisher & Paykel Healthcare Limited, ResMed, Max Ventilator (A.B.Industries), NIHON KOHDEN CORPORATION, Inspiration Healthcare Group plc., CorVent Medical Inc., Inovytec, InnAccel Technologies Pvt Ltd., and OES Medical.
The growing demand for Bone Marrow Transplant Market Size transplantation, especially among the pediatric patient population is expected to drive the market growth during the forecast period. According to the WHO, close to 700,000 children are suffering from blood cancer globally.
The market is also witnessing increased global expansion with the establishment of more bone marrow registries and transplantation centers worldwide. Several emerging markets like China, India, Brazil, Mexico are witnessing heavy investments in developing their healthcare infrastructure and services.
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