Discover a detailed exploration of the Bone Marrow Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.
This Bone Marrow report provides a detailed overview on the industry including both qualitative and quantitative information. It provides an overview based on devices and end user. The Bone Marrow report analyzes the factors affecting the market from both demand and supply side and further evaluates market dynamic effecting the market during the forecast period i.e drivers, restraints, opportunities and future trend. The Bone Marrow report also provides exhaustive PEST Analysis for all regions names North America, South America, Asia and Pacific region, Middle east and Africa and other vital region across the globe.
Major factors that are boosting the growth of the bone marrow market in the forecast period are the growing incidences of non-Hodgkin and Hodgkin lymphoma, thalassemia, and leukemia, along with the common bone marrow diseases around the world, the developments in technology and the enhancing of the healthcare infrastructure. Furthermore, the advancing signs of bone marrow transplant for heart and neuronal disorders, increasing funding for logistic services, and the growing per capita healthcare expenses are some of the other factors anticipated to further propel the growth of the bone marrow market in the coming years. However, the high expenditure for the treatment, shortage of bone marrow donors, and instability of the repayment are a few of the factors further responsible for impeding the growth of the bone marrow market in the near future.
Data Bridge Market Research analyses that the global bone marrow market, which was USD 10, 541.69 million in 2023, would rocket up to USD 15,231.03 million by 2031 and is expected to undergo a CAGR of 5.40% during the forecast period
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Market Growth Drivers:
- Increasing Incidence of blood disorders
The rising prevalence of blood-related disorders such as leukemia, lymphoma, and other haematological diseases is a significant driver for the bone marrow transplant market. For instance, according to data provided by the American Cancer Society, Inc., a voluntary health organization dedicated to eliminating cancer, it is estimated that about 80,470 people (44,120 males and 36,350 females) will be diagnosed with NHL in 2022 in the U.S., this includes both adults and children.
- Rising geriatric population
The aging population is more prone to conditions that may require bone marrow transplants, leading to an increased demand for these procedures. The rising cancer incidence and population ageing are two of the most important factors driving market growth. Furthermore, the elderly are more vulnerable to diseases, and life expectancy in developing countries has surpassed 80 years.
- Increasing research and development activities for bone marrow transplant
Chemotherapy or radiation suppresses the immune system and puts patients at high risk of infections, organ damage, and other life-threatening side effects. The method developed by the researchers at Washington University School of Medicine in St. Louis, U.S., takes an immunotherapeutic approach, combining the targeted elimination of blood-forming stem cells in the bone marrow with immune-modulating drugs to prevent the immune system from rejecting the new donor stem cells. This method could eliminate dangerously low blood cell counts, bleeding complications, organ damage, and infections. Thus, the market for bone marrow is being driven by a number of factors, including the adoption of bone marrow transplant which is growing in emerging markets due to increased healthcare spending and the expansion of healthcare infrastructure.
Notably, the report emphasizes the engagement of essential entities, including:
Agendia (U.S.), Agilent Technologies, Inc. (U.S.), Ambrilia Biopharma Inc. (U.S.), Astellas Pharma Inc. (U.S.), DiaDexus (U.S.), Illumina, Inc. (U.S.), QIAGEN (U.S.), F Hoffmann-La Roche Ltd (U.S.)Sanofi (France), Stryker Corporation (U.S.),PromoCell GmbH (Germany), STEMCELL Technologies Inc. (Canada), Lonza (U.S.), AllCells (U.S.), ATCC (American Type Culture Collection) (U.S.), Lifeline Cell Technology(U.S.), Conversant Bio (U.S.), HemaCare (U.S.), Mesoblast Ltd. (U.S.), Merck KGaA (Germany), Discovery Life Sciences (U.S.), ReeLabs Pvt. Ltd. ( India), Gamida Cell (Israel), among others
Report Highlights: Unveiling Market Dynamics
- Global and Regional Market Share Assessment
- The report meticulously evaluates market shares on both regional and global scales.
- Parent Market Overview and Growth Potential Exploration
- Delve into a comprehensive overview of the parent market and identify niche segments or regions with promising growth prospects.
- In-Depth Analysis of Order Management Software Market Trends
- An extensive study presents a profound analysis of the global order management software market, unravelling both current and future trends for insights into potential investment opportunities.
- Evolution of Industry Dynamics
- Explore the dynamic shifts within the industry and understand the forces driving change in the market.
- Strategic Insights into Key Players and Offerings
- Uncover the strategies employed by key industry players and gain insights into their product offerings.
- Historical and Projected Market Size Assessment
- The report presents a thorough examination of historical and current market sizes while providing projections for future trends.
- Strategic Profiling and Market Position Analysis
- Strategically profile key players, conducting a comprehensive analysis of their market position, ranking, and core competencies.
Key Market Segmentation
By Transplantation Type (Allogeneic Bone marrow Transplantation, Autologous Bone Marrow Transplantation), Disease Indication (Lymphoma, Leukemia, Myeloma, Myelodysplasia, Aplastic Anemia, Sickle cell Anemia, Solid Tumors, Thalassemia, Myeloproliferative Neoplasms, Others), End User (Hospitals, Multi-Specialty Clinics, Ambulatory Surgical Centers)
Intended Audience:
- Companies within the Bone Marrowindustry
- Investors and analysts keen on the Bone Marrowmarket
- Individuals seeking insights into the dynamics of the Bone Marrowmarket
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