In extreme cases of these and other disorders, the bone marrow of the patient is completely replaced with bone marrow taken from a healthy donor. This ensures that the crucial body systems in which bone marrow plays a vital part can continue unhindered.
Increasing Availability of Donated Bone Marrow Propelling Global Bone Marrow Transplant Market
The major drivers propelling the global bone marrow transplant market are the increasing prevalence of conditions such as blood cancer, bone cancer, thalassemia, etc. and the increasing ease of acquiring donated bone marrow. Even though finding bone marrow donors is still difficult, the advancement in storage and transport facilities means that delivering available bone marrow to patients is easier than earlier.
The lack of sufficient reimbursement options for bone marrow transplants and the high cost of the procedure are the two major restraints impeding the growth of the global bone marrow transplant market. However, further research into bone marrow transplantation is expected to help reduce the price of the procedure in the coming years. This will drive the global bone marrow transplant market at a healthy growth rate.
Global Bone Marrow Transplant Market Led by Europe
Europe is the largest regional segment of the global bone marrow transplant market, owing to the availability of state-funded healthcare programs in most countries in the region. The region is set to remain the dominant player in the global bone marrow transplant market, with North America also expected to make rapid strides in the coming years.