Bone Marrow Transplantation Market

The market for bone marrow transplantation was estimated to be worth 10,357.1 million US dollars in 2022 and is anticipated to grow at a CAGR (Compound Annual Growth Rate) of 3.7% over the forecast period, eventually reaching a value of 12,856 million US dollars by the year 2028 and 14,527.05 US dollars by the year 2032.

Market Overview

The bone marrow transplantation market is growing steadily. It is the most reliable way to treat the growing number of bone marrow diseases in patients worldwide. Bone marrow transplantation is also known as hematopoietic stem cell. It is predominantly a vascular soft tissue located inside the body's long bones. This tissue has two stem cell types. They are mesenchymal stem cells and hematopoietic stem cells.

Bone marrow is for the latter stem cells helping form lymphocytes and blood cells and store fat. It is often the last option doctors recommend to patients with bone cancer or deadly bone

Key Findings Report

• Bone marrow transplantation is witnessing steady growth, fueled by the rising cases of fatal bone marrow diseases and cancer.
• The advancements in bone marrow transplant for neuronal and cardiac disorders, huge investments in health infrastructure, and favorable regulations are also driving industry growth.
• Bone marrow transplant offers various benefits, such as managing and treating diseases like leukemia and lymphomas, replacing bone marrow, and extending the patient’s life by providing new stem cells which can kill cancerous cells directly.
• Key players in the market are investing in continuous R&D activities to introduce innovative and breakthrough solutions for bone marrow diseases to enhance the quality of patient life and increase their survival chances.
• North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are witnessing significant bone marrow transplantation market growth.

Market Drivers

High Prevalence of Blood Cancer

The high prevalence of blood cancer and bone marrow diseases will likely propel the industry's growth during the forecasted period. These can be divided into three types: myeloma, lymphoma, and leukemia. 

Lymphoma is classified into two categories. Non-Hodgkin Lymphoma is a blood cancer type that occurs because of the lymphocyte cells in the lymphatic system. Lymphocytes are white blood cells that fight body infections. Hodgkin Lymphoma is the second type of blood cancer characterized by abnormal lymphocytes called RSC (Reed Sternberg Cell).

Leukemia is also a type of blood cancer that originates in the bone marrow and blood when the body produces white blood cells in large quantities. This production of WBCs interferes with the function of the bone marrow reducing its ability to produce platelets and red blood cells.

Likewise, myeloma starts in the blood's plasma cells, which damages the blood-forming cells in the bone marrow.

Statistics show that an estimated 1.24 million cases of blood cancer are reported annually globally, and approximately one individual is diagnosed with myeloma, lymphoma, or leukemia in the US every three minutes. Based on these numbers, the market is expected to escalate in the coming years.

Investment in Healthcare Infrastructure and Research Activities

Due to the increasing number of bone marrow and blood cancer cases, key players are focused on enhancing healthcare infrastructure and technology development. They want to provide the best and most innovative treatments to the patients cost-efficiently, increasing their survival chances. The industry-leading companies are funding research ventures to propel market growth further.

Favorable Industry Regulations

Another market-driving factor is favorable industry regulations worldwide. Indeed, industry regulations directly correlate with the market's upward and downward trends. Strict regulations can hamper industry growth, while favorable ones can encourage industry players to invest more in finding breakthrough treatments.

Market Opportunities

Increasing Geriatric Population

Opportunities for industry players stem from the increasing geriatric population. Statistics show that 16.8 percent of the US population is old, with more than 55.8 million people above 65. Likewise, the senior population of Europe is also on the rise. Approximately 20.8 percent of the population of Europe is aged 65 or older. The increasing elderly population presents growth opportunities because seniors are at a higher risk of developing severe diseases like Leukemia. Adults between 65 and 74 are prone to developing blood cancer, while chronic lymphocytic Leukemia is more commonly diagnosed in patients above 50.

New Technology

Access to state-of-the-art technologies and innovative healthcare services will further boost the bone marrow transplant market.

Market Challenges

High Cost

The high cost of bone marrow transplantation is one of the biggest challenges that the industry currently faces. It is likely to serve as a deterring factor as a huge chunk of the population can’t afford these expensive treatments for leukemia and other bone marrow diseases.

Donor Shortage

Besides this, bone marrow donor shortage is likely to impede industry growth. To perform a successful bone marrow transplantation procedure, doctors need donors and collect stem cells from them. These cells are then used to replace the patient’s diseased stem cells increasing the patient’s chances of survival and quality living.

Regional Coverage

The bone marrow market demonstrates a global presence, with adoption and growth observed across various regions. The market's regional coverage includes:

North America:

• Canada
• United States

Europe:

• United Kingdom
• Spain
• Italy
• Germany
• France

Asia Pacific:

• Australia
• China
• India
• Japan
• South Korea

Latin America:

• Brazil
• Argentina

Middle East and Africa:

• Central Africa
• GCC countries
• North Africa
• South Africa

Each region presents unique market dynamics influenced by factors such as top market players, and technological advancements. Market growth is driven by increasing number of latest and innovative healthcare centers in Europe. On the other hand, North America is expected to witness significant growth in bone marrow transplantation market the increasing incidences of chronic diseases in the region such as blood cancer.

Company Recent Development:

The top companies in the bone marrow transplantation market include:

• Merch Millipore Corporation
• Lonza Group Ltd.
• Sanofi-Aventis LLC.
• AllCells LLC.
• Conversant Bio ABM Inc
• PromoCell GmBH
• Lifeline Cell Technology
• ReachBio LLC.
• Gamida Cell Ltd.
• Mesoblast Ltd.
• Stemcell Technologies
• Hemacare Corporation
• ATCC Inc.
• Cellular Dynamics International

These key market players continue to actively invest in research and development activities for innovative bone marrow transplantation solutions resulting in beyond satisfactory patient experience. Industry players have formed strategic partnerships and collaborations to expand their market presence and cater to the needs of the patients successfully. Some recent industry developments include the following:

Gamida Cell Ltd an industry-leading cell therapy corporation is dedicated to finding treatments for blood diseases and cancer. In the company’s phase 3 clinical trial for evaluation of omidubicel safety efficacy and safety, Gamida Cell declared best results hinting that it could be potentially a treatment for saving lives of patients who require bone marrow transplantation.

Similarly, Sanofi acquired Kadmon Holdings Inc to further increase its general medicine portfolio and strengthen transplant business market growth. The acquisition is aligned with the company’s strategy to grow its medicine range and add Rezurock in their transplant portfolio. Rezurock is an FDA approved cGVHD (chronic graft versus host disease) treatment for patients including children of 12 years and above and adults who have already failed systemic therapy twice.