Blog Information
- Posted By : Abhay Kumar
- Posted On : Dec 30, 2022
- Views : 80
- Category : General
- Description : The global organ preservation market reached a value of US$ 163.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 242.6 Million by 2027, exhibiting at a CAGR of 6.8% during 2022-2027.
Overview
According to the latest report by IMARC Group "Organ Preservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global organ preservation market reached a value of US$ 163.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 242.6 Million by 2027, exhibiting at a CAGR of 6.8% during 2022-2027.
Organ preservation represents the procedures of preserving, storing, and transporting healthy organs that are harvested from the body of donors to ensure safe transplantation into the receiver’s body. They involve several techniques, which include static cold storage (SCS), hypothermic machine perfusion, normothermic machine perfusion, etc. These organ preservation methods help to maintain the temperature and oxygen levels of the lungs, heart, kidneys, liver, and other organs and are essential for maintaining donor organ quality, which directly influences the survival and morbidity rates of a patient after transplantation. Consequently, they find extensive applications in the healthcare segment across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The expanding geriatric population and the elevating prevalence of chronic diseases are among the key factors driving the organ preservation market. In addition to this, the rising occurrences of organ failures, owing to diabetes, obesity, cardiovascular disorders (CVDs), and other such severe medical conditions, are acting as significant growth-inducing factors. Apart from this, the shifting preferences toward normothermic machine perfusion preservation processes that aid in reducing the probability of reperfusion injury during organ transplantation and provide improved results in cold storage for experimental and clinical studies are also positively influencing the global market. Moreover, the launch of numerous policies and initiatives by the government bodies aimed at promoting organ donation and the increasing number of individuals volunteering to donate their organs for research and transplantation purposes are further stimulating the market growth. Besides this, the inflating investments for advancements and improvements in the organ preservation infrastructure across countries are anticipated to propel the organ preservation market over the forecasted period.
Breakup by Preservation Solution:
- UW Solution
- Custodiol HTK
- Perfadex
- Others
Breakup by Organ Donation Type:
- Living Organ Donation
- Deceased Organ Donation
Breakup by Technique:
- Static Cold Storage Technique
- Hypothermic Machine Perfusion
- Normothermic Machine Perfusion
- Others
Breakup by Organ Type:
- Kidney
- Liver
- Lung
- Heart
- Others
Breakup by End-User:
- Hospitals and Clinics
- Organ Banks
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 21st Century Medicine
- Biolife Solutions
- Bridge to Life Ltd.
- Bristol-Myers Squibb
- Dr. Franz Kohler Chemie GmbH
- Essential Pharmaceuticals.
- Lifeline Scientific
- OrganOx
- Paragonix Technologies
- TransMedics
- Waters Medical Systems
- Xvivo Perfusion
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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