Global Organ Preservation Market

Organ Preservation Market Size, Share, Growth Analysis, By Solutions(UW, Custodial HTK, Perfadex), By Technique(Static Cold Storage, Hypothermic, Normothermic), By Organ(Kidneys, Liver, Heart), By End User(Transplant Centers, Hospitals, Specialty Clinics), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35D2061 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 117 | Figures: 79

Organ Preservation Market Insights

Organ Preservation Market size was valued at USD 230.89 million in 2019 and is poised to grow from USD 246.64 million in 2023 to USD 410.24 million by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).

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.

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Organ Preservation Market size was valued at USD 230.89 million in 2019 and is poised to grow from USD 246.64 million in 2023 to USD 410.24 million by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).

The 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. 'Organ Recovery Systems', 'XVIVO Perfusion', 'Paragonix Technologies', 'Bridge to Life', 'TransMedics', 'Preservation Solutions Inc.', '21st Century Medicine', 'Dr. Franz Köhler Chemie GmbH', 'BioLife Solutions Inc.', 'Waters Medical Systems LLC', 'IGL Transplantation Services', 'CryoLife', 'Lifeline Scientific', 'Cytosol Laboratories Inc.', 'Lifor Medtech', 'Scinovia Corporation', 'Teva Pharmaceutical Industries Ltd.', 'OrganOx', 'Organ Assist', 'Organ Transport Systems Inc.', 'In August 2021, he LIVERguard Donor Liver Preservation System was introduced by Paragonix Technologies in the US and Europe. This tactic boosted Paragonix's footprint and broadened their range of products.', 'In June 2021, in order to grow its company and have access to a wide network of transplantation clinics in Brazil, the biggest nation in Latin America, XVIVO Perfusion teamed with Contatti Medical (Brazil.'

One of the most frequent causes of mortality in ICUs is multiple organ failure, which is mostly brought on by sepsis. According to estimates, up to 20% of individuals with sepsis exhibit acute respiratory failure and 26–50% develop acute renal failure (Society of Critical Care Medicine). Acute renal failure is more common in the elderly due to age-related declines in renal plasma flow and glomerular filtration rate. Diabetes makes people more susceptible to both of these diseases and multiple organ failure. Geriatric patients are more likely to have illnesses including TB and liver cirrhosis, which may necessitate organ transplantation.

To provide better healthcare services, governments all around the world are concentrating on bolstering their healthcare infrastructures. For instance, the Brihanmumbai Municipal Corporation in India set aside around USD 924 million (INR 7,000 crore), or 15% of its budget for 2022–2023, to improve health services and create 100 health clinics with more than 100 diagnostic tests for preventative and primary treatment in BMC regions. There will be more hospitals that handle more brain-dead people who could make good donors as a result of these infrastructure upgrades. The time involved with donor-recipient cross-matching, subject profiling, genotyping, and other associated diagnostic tests during the pre-transplantation phase will also be improved by the growth in testing labs. It is anticipated that these discoveries would open up new potential for the organ preservation sector.

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.

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Global Organ Preservation Market

Report ID: SQMIG35D2061

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