Organ preservation market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 7.98% in the above-mentioned forecast period.
Industry Analysis
Organ preservation is basically a procedure under which organs donated for transplantation are stored and preserved under proper temperature and surroundings. This preservation process generally involves flushing the organ with specific preservation solution dependent on the requirements and storing them on the basis of different techniques as required by the organ.
The increasing incidences of organ failures occurring worldwide amid high growth of geriatric population, along with the various regional authorities providing favorable regulations across the globe is the significant factor responsible for driving the growth of the organ preservation market in the above-mentioned forecast period. Additionally, the factors such as organizing initiatives and creating awareness programs to increase the volume of organ donations and organ transplantation procedures worldwide also heighten the overall growth of the market.
The increasing incidence of multi-organ failure and rapid improvements in the country’s healthcare infrastructure are also estimated to accelerate the overall growth of the market in the forecast period of 2022 to 2029. However, the large-scale costs associated with the organ transplantation procedure restricts the procedure consumers to a smaller consumer base, which obstruct the market’s growth. The lack of appropriate donors as well as the alternative modes of organ transplantation available such as the development of organs with the help of stem cell procedures are also estimated to be the restraint that will hamper the overall growth of the market in the forecast period of 2022 to 2029
The emerging markets and technological advancement are expected to generate profitable opportunities for the market in the forecast period of 2022 to 2029. On the other hand, the religious concerns in some geographies have the potential to challenge for the market’s growth.
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Global Organ Preservation Market Scope and Market Size
Organ preservation market is segmented on the basis of preservation solution, technique, organ type, donation type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of preservation solution, the organ preservation market is segmented into citrate, collins, viaspan, renograf, University of Wisconsin (UW) solution, custodial histidine-tryptophan-ketoglutarate (HTK), perfadex, hypothermosol, human bioSystem (HBS) solution, lifor, sirna transport solution and others. Others segment is sub-segmented into celsior and euro-collins.
- On the basis of technique, the organ preservation market is segmented into static cold storage (SCS), hypothermic machine perfusion and normothermic machine perfusion.
- On the basis of organ type, the organ preservation market is segmented into kidneys, liver, lung, heart and others. Others segment is sub-segmented into intestine and pancreas.
- On the basis of donation type, the organ preservation market is segmented into living organ donation and deceased organ donation.
- Organ preservation market has also been segmented into organ banks, hospitalsand clinics and others on the basis of end user.
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Organ Preservation Market Country Level Analysis
Organ preservation market is analysed and market size insights and trends are provided by preservation solution, technique, organ type, donation type and end user as referenced above.
The countries covered in the organ preservation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market due to the volume of organs being donated in the region along with the favourable regulations presented by the authorities on enhancing the organ transplantation procedures in the region. North America, on the other hand is expected to show a rapid and lucrative growth rate in the forecast period owing to the high volume of organ transplants taking place in the region, along with the large-scale advancements of technology for carrying out these procedures.
The country section of the organ preservation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Organ Preservation Market Share Analysis
Organ preservation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to organ preservation market.
Some of the major players operating in the organ preservation market report are PARAGONIX TECHNOLOGIES INC., 21st Century Medicine, ESSENTIAL PHARMACEUTICALS LLC, Lifeline Scientific, Dr. Franz Köhler Chemie GmbH, OrganOx® Limited, Transmedics, Preservation Solutions Inc, OrganOx Limited, XVIVO, TransMedics., Waters Medical Systems LLC., Bridge to Life Ltd., Organ Recovery Systems, and BioLifeSolutions among others.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Organ Preservation Market by Product Procedure type
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