The latest market report published by Credence Research, Inc. "Global Bone Marrow Transplantation Market -Growth, Future Prospects, Competitive Analysis, 2018 -2026," the global bone marrow transplantation market was valued at US$ 8,356.4 million in 2017 and is expected to reach US$ 13,903.1 million by 2026, expanding at a CAGR of 5.9% from 2018 to 2026. —
Blood cancer is characterized by overproduction of an abnormal type of blood cells, thereby crowding out normal cells in the bone marrow preventing normal cells from performing their important functions. According to research citings provided by Bristol-Myers Squibb Company by 2040, approximately 1,100,000 people will die from blood cancer, representing 7 percent deaths from cancer. Allogeneic bone marrow transplant are reigning the market. The inherent features associated with allogeneic procedures are the graft is free from contaminated tumor cells. Immune graft versus malignancy effect is produced by immunocompetent cells derived from healthy donors. Low risk of recurrence of disease and significant increase in the number of healthy donors drive the growth of the market for allogeneic bone marrow transplantation.
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In the near future, Autologous procedure will grow at a rapid pace due to rise in number of stem cell banks, which store healthy cells from patients and after conditioning treatment are introduced in them to produce healthy blood cells.
Lymphoma is dominating the indication segment for bone marrow transplantation market. There are 2 types Hodgkin lymphoma and Non-Hodgkin lymphoma. The primary factors responsible for its supremacy are significant rise in the patients newly diagnosed with Hodgkin lymphoma and excellent survival rate in patients post bone marrow transplantation procedure. Leukemia is the abnormal high production of white blood cells by the bone marrow. Technological advancement in the bone marrow transplantation technique will reduce the disease recurrence in leukemia patients receiving stem cell therapy.
North America is currently the leading regional bone marrow transplant market with a market share of 38 percent. The major factors responsible for its significant growth are the increasing prevalence of chronic lymphocytic leukemia and the presence of sophisticated healthcare infrastructure. Europe, with a market share of 32 percent, is in second place due to a significant increase in the number of myeloma patients and the home of major players such as PromoCell GmbH, Merck Millipore Corporation and Lonza Group Ltd. Asia Pacific, with a market share of 20 percent, will grow at a faster pace in the near future due to technological advancement in bone marrow transplantation techniques and proactive government policies to curb the mortality rate associated with blood cancer.
Biotechnology firms actively engaged in bone marrow transplantation procedures are
Cellular Dynamics International,
Gamida Cell Ltd.,
Lonza Group Ltd.,
Merck Millipore Corporation,
Key Market Movements:
Significant rise in the number of new cases diagnosed with lymphoma, leukemia and myeloma
Technological advancement in the bone marrow transplantation technique with minimal ratio of disease recurrence
Rampant growth in the number of healthy donors and stem cell banks worldwide
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Table of Content:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Bone Marrow Transplantation Market: Dynamics and Future Outlook
Chapter 4. Global Bone Marrow Transplantation Market, by Type
4.2. Allogeneic Bone Marrow Transplant
4.3. Autologous Bone Marrow Transplant
Chapter 5. Global Bone Marrow Transplantation Market, by Indication
Chapter 6. Global Bone Marrow Transplantation Market, by Geography
Chapter 7. Company Profiles
7.1. AllCells LLC
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Conversant Bio
7.3. Cellular Dynamics International
7.4. Gamida Cell Ltd.
7.5. Hemacare Corporation
7.6. Lonza Group Ltd.
7.7. Merck Millipore Corporation
7.8. Mesoblast Ltd
7.9. PromoCell GmbH
7.10. STEMCELL Technologies.
Browse the full report Bone Marrow Transplantation Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/bone-marrow-transplantation-market
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