Albany, NY -- (SBWire) -- 12/22/2016 --Bone marrow transplant or hematopoietic stem cell transplant is the surgical procedure to replace impaired bone marrow tissue or bone marrow stem cells with healthy ones. Bone marrow transplant procedure is recommended to treat severe stages of leukemia, Hodgkin and non-Hodgkin lymphomas, multiple myeloma, aplastic and sickle cell anemia, thalassemia etc. As per transplant activity report 2009-2013 from the Center for International Bone and Marrow Transplant Research (CIBMTR), of a total of 88,063 bone marrow transplant procedures performed in the U.S., over 57% procedures were autologous bone marrow transplant procedures.
The report covers the global bone marrow transplant market performance in terms of volume (procedural count) and revenue contribution. The report includes key trends, drivers, restraints, and opportunities influencing the growth of the global bone marrow transplant market over the forecast period. Impact analysis of key growth drivers and restraints, based on the weighted average model, are included to provide clients with crystal clear decision-making insights.
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The global bone marrow transplant market growth is mainly driven by factors such as growing prevalence of blood cancers across the globe, expansion of bone marrow transplant registry, growing investment in logistic services, and improvement in survival rate after treatment. Substantially high cost of treatment, lack of reimbursement policies in developing regions, and low availability of bone marrow donors are some factors hampering the growth of the global bone marrow transplant market.
Based on procedure type, the bone marrow transplant market is segmented into autologous bone marrow transplant and allogeneic bone marrow transplant segments. By volume, the autologous bone marrow transplant segment accounted for the major proportion of the overall market share in 2014 and is expected to remain the dominant segment in terms of volume during the forecast period.
By disease indication, the global bone marrow transplant market is classified as leukemia, lymphoma, myeloma, myelodysplasia, myeloproliferative neoplasms, aplastic anemia, solid tumors, sickle cell anemia, thalassemia, and others. The leukemia segment is expected to dominate the market, accounting for a maximum share of the overall market by 2021 end; whereas, revenue from the thalassemia segment is projected to expand at the highest CAGR of 8.9% during the forecast period.
On the basis of the end user, the global bone marrow transplant market is segmented into hospitals, multispecialty clinics, and ambulatory surgical centers (ASC). The hospital end user segment is expected to continue to be dominant, reaching a value of US$ 9,607.4 Mn by 2021 end. In terms of volume, adoption of bone marrow transplant procedures in ambulatory surgical centers is expected to increase by 1.3X globally over the forecast period.
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By region, the market in Europe is expected to be dominant in the global bone marrow transplant market in terms of volume throughout the forecast period. North America and Latin America markets are expected to gain significant market share over the forecast period, due to increasing ratio of BMT specialists to that of bone marrow transplant seeking patients in these regions. The MEA market is expected to witness sluggish growth during the forecast period partly due to the relatively low presence of bone marrow transplant centers.
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Bone Marrow Transplant Market - Detailed Analysis with Competitive Landscape
Revenue from the global bone marrow transplant market is projected to expand at a steady CAGR of 3.9% over forecast period 2015–2021 and is expected to be valued at US$10.3 Bn by the end of 2021.