Based on transplantation type, the global bone marrow transplantation market is segmented basis:
Based on the disease indication, the global bone marrow transplantation market is divided into following:
Based on the end user type, the global bone marrow transplantation market can be segmented into:
On the basis of region the global bone marrow transplantation market is segmented into:
Globally, Europe has fairly large market share and it is expected to remain at its top position when compared to other geographies; accounting 60% of global revenue share and anticipated to touch USD 6.05 Billion in the year 2021.
At present, North America is the second biggest market after Europe. Factors like increasing cases of chronic diseases like blood cancer in sync with up-surged aged population would help the bone marrow industry to flourish in the region. Asia pacific bone marrow transplantation market might not be as big as those in Europe and North America but would become an attractive market for medical procedures for medical tourists (due to low cost procedures).
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Increasing prevalence of anemia and cancers across the globe is the major growth driver for the global bone marrow transplantation market.
In addition to that, improvement in technology, development in healthcare infrastructure, increased penetration of medical insurances and expanded personal disposable income around the world are expected to drive the global bone marrow transplantation.
High cost involved in the treatment and lack or less number of bone marrow donors are the major challenges for global bone marrow transplantation market.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.