Bone Marrow Transplantation Market

Bone Marrow Transplantation Market Outlook (2022 - 2028)

The procedure of replacing damaged bone marrow stem cells with healthy tissue is known as bone marrow transplantation. Bone marrow is a soft vascular substance found inside long bones that are principally responsible for hematopoiesis (the generation of blood cells), lymphocyte synthesis, and fat storage. The procedure of bone marrow transplantation is prescribed for the treatment of advanced stages of leukemia, Hodgkin, and non-Hodgkin lymphomas, multiple myeloma, aplastic and sickle cell anemia, thalassemia, and the other diseases. Increasing awareness, combined with an increase in initiatives run by healthcare practitioners, is majorly responsible for the global growth of Bone Marrow Transplantation Market. The global Bone Marrow Transplantation market is estimated at $ 10,357.1 million in 2022 and is expected to grow at a CAGR of 3.7% from 2022 to 2028, reaching $ 12,856 million by 2028.

Bone Marrow Transplantation Market Demand Analysis (2013-2021) v/s Market Outlook (2022 - 2028)

The rising prevalence of blood cancer, combined with the ease of access to bone marrow transplantation therapy, is driving the market for bone marrow transplantation. Furthermore, the commercialization of cell therapy and tissue engineering products is fueling the market growth.

Key Drivers to the Bone Marrow Transplantation Market

• “Rising Adoption of Bone Marrow Transplantations”

The adoption of bone marrow transplantation procedures has increased significantly in the last few years because of the high Patient survival rates. Bone marrow transplantation is regarded as the most effective and guaranteed therapy choice for advanced leukemia and the other blood cancers.

• “Increasing Prevalence of Cancers And Anemia”

The rising prevalence of cancer and anemia is the primary driver of the global bone marrow transplant market. To treat advanced stages of blood cancer, sickle cell anemia, and the other chronic diseases, a bone marrow transplantation procedure is recommended. Bone marrow transplantation procedures are regarded as the most efficient and reliable treatment options for certain chronic diseases.

• “Technological Advancements”

Technological advancements and improved healthcare infrastructure are expected to drive market growth. Extensive research activities and an increase in the number of product launches will enhance the growth of the market throughout the predicted period. Apart from this, emerging indications of bone marrow transplant for cardiac and neurological problems, increasing investment in logistic services, and rising per capita healthcare spending are some of the other factors likely to drive the global bone marrow transplantation market.

Restraints to the Bone Marrow Transplantation Market

• “High Cost of the Treatment”

The high cost of therapy, along with a lack of reimbursement policies, has slowed down the acceptance of bone marrow transplantation. Besides, lack of bone marrow donors is a major impediment to the growth of the global bone marrow transplantation market.

Impact of COVID-19 on Bone Marrow Transplantation Market

The Covid-19 pandemic resulted into a huge burden on the global healthcare facilities because of the rising covid-19 positive patients between March 2020 and September 2021. Healthcare facilities around the world were flooded with Covid-19 patients, which resulted into the cancellation or postponement of the other procedures. Hence, the Covid-19 outbreak had a negative impact on the Bone Marrow Transplantation Market.

Competitive Landscape

The Bone Marrow Transplantation market is highly competitive and consists of a number of major players. To increase their global market presence, market leaders are engaging in various product launches and development activities focusing on orthopedic surgical treatments.

Bone Marrow Transplantation Market Industry Report Scope

Bone Marrow Transplantation Market Categorization

Bone Marrow Transplantation Market by End User

• Hospitals
• Multispecialty Clinics
• Ambulatory Surgical Centers

Bone Marrow Transplantation Market by Transplant Type

• Autologous Bone Marrow Transplant
• Allogeneic Bone marrow Transplant

Bone Marrow Transplantation Market by Disease Indication

• Leukemia
• Lymphoma
• Myeloma
• Others

Bone Marrow Transplantation Market by Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)