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Bone Marrow Transplant Market to Be Escalated by Rising Critical Diseases

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In a run to bring cure for many critical medical conditions like leukemia, hiv, cancer, and other related issues have forged the bone marrow transplant to bring a solution in today’s time. The bone marrow is a critical procedure that requires an appropriate donor whose cell can bring a significant recovery in the medical condition of the receiver. Further, damaged cells in the human body can be regenerated with the help of bone marrow transplant. On the back of these factors, the bone marrow transplant market is projected to grow at a CAGR of ~4% during 2015-2021.

Globally, there were more than 75,000 bone marrow transplant procedures that were conducted in 2015 and this number is further projected to expand exponentially. Thus, paving the way for the medical practioners, hospitals and related to be benefitted in near future. Until 2015, Europe stood at first position in number of bone marrow transplant procedures followed by North America. Further, it is projected that the North America is ready to receive a boost and may surpass Europe market by 2020. In addition to that, Asia-Pacific bone marrow transplant market is expected to expand at a decent rate due to increased medical tourism in the region.

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