Feb 29 2008
Flourishing market of organ transplant
Feb 29: According to the new statistics released by Global Industry Analysts, Inc. the organ transplant market is expected to reach 115,000 procedures by the year 2012. Most accepted form of organ transplants are heart, kidney, pancreas, liver and lungs. The market is encouraged by the increasing number of adult population and the surge in the number of organ failure due to serious ailments.
The success rate of the organ transplants encouraged by the modern technology also promotes the market of organ transplant. Awareness programmes that are aimed to remove misconception and fear linked with organ donations. Voluntary participation of organ donors who are willing for after-life organ donation has also encouraged the market and it is considered as a social responsibility.
Kidney transplant heads the list of organ transplants and it is expected to reach 78.8 thousand transplants by the year 2012. Liver transplants are expected to reach 1,290 by 2010 in Latin America. Tissue transplantation market that include cornea, skin grafts and heart valves are expected to fetch $5.25 billion by 2012.
The organs like liver and kidney are largely donated by living donors and it has seen a steep rise. The number of stranger donor is higher than those of family donors. Even though the number of organ donation is increasing, demand for organs is far beyond that and it fails to cater the needs of all the patients. One-third of the patients are getting the organs what they are looking for. Finding suitable donor, preventing infections or block in blood vessels are the major hurdles for organ transplantation.
The report is released by Global Industry Analysts, Inc. and it is titled as “Organ and Tissue Transplantation: A Global Strategic Business Report”. The study also includes market data and statistics of transplant procedures in US, Canada, Europe, Japan, Asia, Latin America to name a few.
[…] 14: As an attempt to strengthen the organ donation without any loopholes in it, Indian government is considering various options to codify the organ […]