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 transplantalso 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.

The CAGR value Could change due to COVID-19 Pandemic

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More than 75,000 bone marrow transplants were executed around the globe during the year 2015 which are further anticipated to reach a 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.

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The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).

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).

Key Players

Sanofi-Aventis LLC.PromoCell GmbHSTEMCELL TechnologiesLonza Group Ltd.ReachBio LLC.AllCells LLC.ATCC Inc.Lifeline Cell TechnologyConversant BioHemacare Corporation

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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.

Market Segmentation:

Based on transplantation typeBased on the disease indicationBased on the end user typeOn the basis of regions

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Bone Marrow Transplantation Market 2015-2021 by Technology, Trends, Growth Analysis and Key Players - Latest Herald

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