Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Bone Marrow Transplantation Market Overview
Bone marrow is the spongy, greasy tissue present in the bone cavities. The bone marrow transplant procedures are being carried out for various medical conditions. Bone marrow transplant also known as hematopoietic stem cell helps in curing the critical medical conditions surfaced due to damaged bone marrow cells. The technique replaces the old damaged tissues with new ones and helps in curing many diseases.
More than 75,000 bone marrow transplants were executed around the globe during the year 2015 which are further anticipated to reach significant valuation by 2021 by expanding at a compound annual growth rate of 4.2% over the forecast period.
Market Size and Forecast
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). CLICK TO DOWNLOAD SAMPLE
Market Segmentation
Transplantation Type
Based on transplantation type, the global bone marrow transplantation market is segmented basis:
Disease Indication
Based on the disease indication, the global bone marrow transplantation market is divided into following:
End User
Based on the end user type, the global bone marrow transplantation market can be segmented into:
By Region
On the basis of region the global bone marrow transplantation market is segmented into:
Growth Drivers and challenges
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.
Key Players
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