PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357993
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357993
Global organ transplant immunosuppressant drugs market is estimated to be valued at US$ 5.17 billion in 2023 and is expected to exhibit a CAGR of 3.1% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 5.17 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 3.10% | 2030 Value Projection: | US$ 6.4 Bn |
One of the most complex and difficult fields in modern medicine is transplant-related medication. The majority of medications are administered to treat transplant rejection and related issues. An immunological reaction by the body to the transplanted organ occurs in transplant rejection, which frequently results in transplant failure and necessitates the removal of the organ from the recipient right away. Immunosuppressive medications and serotyping for determining donor-recipient compatibility can both help to reduce transplant rejection. The global organ transplant immunosuppressant drugs market is poised for substantial growth due to rising organ transplantation procedures worldwide. Immunosuppressant drugs are vital in preventing graft rejection post-transplantation, and the market is driven by the increasing number of organ transplantations, especially kidney, liver, heart, and lung transplants. Advancements in drug development, including targeted and personalized therapies, are enhancing drug efficacy while minimizing adverse effects. Biosimilars and combination therapies are creating competitive landscapes, potentially reducing costs of treatment. Additionally, telemedicine and remote monitoring technologies are improving patient compliance.
The market for organ transplant immunosuppressant drugs is benefiting from the rise in the prevalence of chronic diseases. Organ failure from chronic diseases like diabetes, heart disease, and renal disorders frequently results in the need for transplantation. There is a rising need for immunosuppressant medications to prevent organ rejection after transplantation as more individuals need life-saving organ transplants. For instance, as of January 2023, data from the United Network for Organ Sharing (UNOS) revealed that there existed a notable disparity between the number of individuals awaiting organ transplantation and the availability of donor organs in the U.S. Specifically, the national transplant waiting list consisted of over 107,000 individuals seeking organ transplants. In 2022, the U.S. conducted approximately 39,850 organ transplant procedures involving deceased donors, marking a notable 4.6% increase compared to the previous year. The total count of organs transplanted, inclusive of those from living donors, reached 41,887. This underscores the critical role of registered donors, as nearly 42,000 individuals were afforded a second lease on life. However, the persistent demand for organ donations remains substantially higher than the available supply, with an individual being added to the organ waitlist approximately every 10 minutes.
As healthcare systems work to accommodate these patients' requirements, the tendency promotes market expansion. Additionally, improvements in drug development are improving the efficacy of these therapies, helping the market's expansion to meet the increased need for immunosuppressant drugs for organ transplants.