USD 230.89 million
Report ID: SQMIG35D2061 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 117 | Figures: 79
Organ Preservation Market size was valued at USD 230.89 million in 2021 and is poised to grow from USD 246.64 million in 2022 to USD 410.24 million by 2030, growing at a CAGR of 6.8% in the forecast period (2023-2030).
Organ preservation has been referred to as "the supply line for organ transplantation," and from a logistical perspective, "preservation" buys "time," which is necessary to set up personnel and facilities, transport organs, and carry out necessary laboratory testing. Modern transplant services have been made possible by the ability to employ the potent effects of chilling to delay biological degradation in organs separated from their typical physiological environment. The significant factor driving the growth of the organ preservation market in the aforementioned forecast period is the rising incidences of organ failures occurring globally amid the high growth of the geriatric population, along with the various regional authorities providing favorable regulations across the globe. Additionally, the market's overall expansion is accelerated by factors including planning activities and developing awareness campaigns to boost the number of organ donations and transplant surgeries performed globally.
Transplant rejection accounts for one-third of organ transplant failures. Although steroids can effectively treat acute transplant rejection (which is mostly mediated by antibodies), there is no cure for chronic rejection. Unexpected details regarding how antibodies in the recipient (alloantibodies) link to the human leukocyte antigen (HLA) on the transplant have been disclosed by a newly found structure. The creation of new treatments for chronic rejection will be guided by these revelations.
US Organ Preservation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 230.89 million
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Global organ preservation market is segmented based on the product, end user, and region. Based on the solution, the global organ preservation market is segmented into UW, custodial HTK, and perfadex. Based on technique the global organ preservation market is segmented into static cold storage, hypothermic, and normothermic. Based on the organ, the global organ preservation market is segmented into kidneys, liver, and heart. Based on end-user, the global organ preservation market is segmented into transplant centers, hospitals, and specialty clinics. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Organ Preservation Market Analysis by Solution
The University of Wisconsin (UW) had the greatest share in 2021 as a result of the solution's increased utilization and several benefits. In comparison to previous treatments, the solution enables the preservation of human liver transplants for a period of time greater than 15 hours. Additionally, it makes it simple to transfer organs safely across long distances. It primarily aids in liver preservation and raises the success percentage of liver transplantation. It is projected that rising liver transplantation rates would fuel market expansion.
Over the projection period, the perfadex category is predicted to see the quickest CAGR. This treatment is designed primarily to protect the integrity and functionality of endothelium-rich organs during cold ischemia storage and flushing prior to reperfusion and transplantation. Although it is primarily utilised to protect the lungs, this solution can also be used to save other organs. Therefore, it is projected that these benefits would encourage segment expansion over the projection period.
Organ Preservation Market Analysis by Organ
In 2021, the kidney market category had the biggest market share. The main factors impacting the market growth are the rising number of renal failure sufferers and kidney transplant surgeries worldwide. In the United States, around 37.00 million people have chronic kidney disease, and nearly 726,000 people per year have end-stage renal disease, according to a report released by the NHS in 2020. It is also projected that various kidney transplant awareness campaigns would aid in segment expansion. For instance, the NHS started the "Advancing American Kidney Health" Initiative with the goal of bettering the lives of kidney disease patients in the United States.
Over the projection period, the heart category is predicted to see the quickest CAGR. Over the projection period, the segment's growth is anticipated to be driven by the increasing number of heart transplant operations. According to a study released by the Health Resources & Services Administration, about 3,408 heart transplant surgeries were carried out in 2020, compared to around 3,273 treatments carried out in the U.S. in 2017. In the upcoming years, it is projected that this tendency will fuel the segment's expansion.
Organ Preservation Market Analysis by Technique
As a result of its broad application and rising utilisation, the static cold storage market had the biggest share in 2019. Kidney preservation makes extensive use of static cold storage. The preservation of other organs is also done with it, though. The expansion of the category is also projected to be aided by the existence of several market participants that offer static cold storage.
Over the projected period, the normothermic machine perfusion segment is predicted to see the quickest CAGR. With this method, the organ receives enough nourishment and oxygen to support aerobic metabolism. Additionally, it lowers the possibility of post-transplant adverse effects and contributes to better transplant results. Although it is primarily used to save the liver, it also effectively preserves other organs. Therefore, throughout the course of the projected period, these benefits are anticipated to foster market expansion.
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In 2021, North America accounted for the biggest market share, and it is anticipated that it will continue to dominate over the projected period. The main drivers of growth are the increasing adoption of cutting-edge healthcare technology, the high prevalence of chronic renal disease and heart failure, improved reimbursement rules, and rising investments in expanding healthcare infrastructure. The regional market is also anticipated to rise as a result of the ageing population and an increase in organ transplant surgeries.
Due to rising healthcare costs, patient awareness, and a growing demand for organ transplant operations, Asia Pacific is expected to see the fastest increase throughout the projection period. In the years to come, it is also projected that the ageing population, increased rates of renal and heart failure, and rising healthcare costs would all contribute to the market's expansion.
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Organ Preservation Market Driver
Organ Preservation Market Restraint
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The global organ preservation market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
Top Player in the Global Organ Preservation Market
Organ Preservation Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global organ preservation market analysis, in terms of solution, the UW segment held the largest share in the market as it makes it simple to transfer organs safely across long distances. It primarily aids in liver preservation and raises the success percentage of liver transplantation. By organ the kidney segment held the largest share in the market, the main factors impacting the market growth are the rising number of renal failure sufferers and kidney transplant surgeries worldwide. And by region, North America accounted for the biggest market share, and it is anticipated that it will continue to dominate over the projected period. The main drivers of growth are the increasing adoption of cutting-edge healthcare technology, the high prevalence of chronic renal disease and heart failure, improved reimbursement rules, and rising investments in expanding healthcare infrastructure.
|Market size value in 2021||USD 230.89 million|
|Market size value in 2030||USD 410.24 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Organ Preservation Market Recent Developments
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For the Global Organ Preservation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Organ Preservation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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