Bone Marrow Transplantation Market: Global Industry Analysis and Forecast 2014 - 2020
Bone marrow is the flexible and spongy tissue present inside bones. Bone marrow transplantation is a procedure in which damaged bone marrow is replaced with healthy bone marrow stem cells. Stem cells are immature cells found in the bone marrow and produce blood cells such as red blood cells (RBCs), white blood cells (WBCs), and platelets. Damaged bone marrow causes diseases such as aplastic anemia, leukemia, multiple myeloma, immunodeficiency disorders, and lymphoma. Bone marrow transplantation plays a vital role in the treatment of blood cancers such as leukemia, myeloma, and lymphoma. The transplantation procedure requires chemotherapy, radiation, or both, before the transplantation. The procedure is completed through either of two methods: high-dose chemotherapy and radiation therapy, and low-dose chemotherapy and radiation therapy. High-dose chemotherapy and radiation therapy damages cancer cells and destroys infected stem cells in the bone marrow and allows the generation of new stem cells in the bone marrow. In the second method, patients receive a lower dose of chemotherapy and radiation before transplantation. This method usually is used for aged patients and those with other health problems. There are three types of bone marrow transplantation: autologous bone marrow transplant, allogeneic bone marrow transplant, and umbilical cord blood transplant. In an autologous bone marrow transplant, the patient receives his or her own stem cells. In an allogeneic bone marrow transplant, stem cells are donated by another person. In an umbilical cord blood transplant, stem cells are removed from a newborns umbilical cord right after birth, which are stored in liquid nitrogen for their future use in transplantations. Some of the major side effects of bone marrow transplantation are mucositis (mouth sores) and diarrhea, nausea and vomiting, loss of hair, infertility, organ toxicity, and secondary cancers.
North America has the largest market for bone marrow transplantation, followed by Europe. This is due to the increasing prevalence of blood cancer and various chronic diseases, the growth of the geriatric population, and improved healthcare infrastructure in the region. The bone marrow transplantation market in Asia is expected to experience a high rate of growth in the next few years. This is due to evolving research and development activities in the cancer and cardiovascular arenas, rising cases of malignant and non-malignant diseases in children and adults, expanding awareness about various blood disorders, and developing healthcare infrastructure in the region. In addition, population and economic expansion in developing countries, such as India and China, are expected to lead the growth of the bone marrow transplantation market in Asia.
A rising number of bone-marrow-related disorders, the increasing prevalence of cancer, a growing aging population, and the growth of healthcare establishments are driving the growth of global bone marrow transplantation market. However, strict government regulations, legal and ethical issues, high cost of transplantation, and lack of availability of suitable donors obstruct the growth of the bone marrow transplantation market.
An increasing number of mergers and acquisitions and research and development activities, as well as a rise in the number of collaborations and partnerships, are some of the latest trends that have been observed in the global bone marrow transplantation market. The major companies operating in this market worldwide are Cleveland BioLabs, Inc., Spectrum Pharmaceuticals, Inc., America Stem Cell, Inc., Pluristem Therapeutics Inc., AIMM Therapeutics B.V., Osiris Therapeutics, Inc., and StemCells, Inc.
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Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation North America Europe Asia RoW
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.-
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