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Global Organ Preservation Market

The global organ preservation market was worth USD 210.3 million in 2020 and is further projected to reach USD 322.1 million by the year 2027, growing at a CAGR of 6.1% in the forecast period (2021-2027)

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Global Organ Preservation Market

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  1. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period Global Organ Preservation Market- Industry Trends & Forecast Report 2027 View report Sample report Press release Summary Global Organ Preservation Market, By Solution (University of Wisconsin Solution, Custodiol HTK, Perfadex, Other Solutions), By Technique (Static Cold Storage, Hypothermic Machine Perfusion, Normothermic Machine Perfusion, Others) By Organ-Type (Kidneys, Liver, Lungs, Heart, Other Organs), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027 A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global organ preservation market was worth USD 210.3 million in the year 2020. The data gathered by the study further reveals that the market is estimated to grow at a CAGR of 6.1%, earning revenue of around USD 322.1 million by the end of 2027. The most crucial factors fueling the market growth are increasing incidences of organ failures and escalating demand for organ transplant surgeries. Furthermore, technological advancements and the increasing geriatric population are also contributing to the growth of the organ preservation market worldwide. Global Organ Preservation Market- Industry Trends & Forecast Report 2027 The global organ preservation market was worth USD 210.3 million in 2020 and is further projected to reach USD 322.1 million by the year 2027, growing at a CAGR of 6.1% in the forecast period (2021-2027). Growing cases of organ failure

  2. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period due to a variety of circumstances, an aging population, increased demand for organ transplant procedures, and a growing organ-donor population are all driving the global organ preservation market. Moreover, initiatives to promote organ donation are also expected to drive market growth during the forecast period. Global Organ Preservation Market- Overview Organ preservation refers to the process of preserving an organ for transplantation. Certain organs, such as the liver, pancreas, and kidney, can be preserved using special solutions and techniques that keep them from swelling during storage. Organ preservation has become a crucial step ever since transplant surgery has come into existence. As medical research progresses, strategies for preserving intraabdominal organs are becoming more developed, and they can be preserved better than intrathoracic organs. However, the constraints limiting the market growth are a dearth of human donors, the high cost of organ transplantation, and a lack of awareness about organ donation. Global Organ Preservation Market Forecast and Trends Growth Drivers Rising Cases of Organ Failures The number of cases of organ failure caused by various health disorders, such as severe diabetes, is rapidly increasing all over the world. This has resulted in a huge increase in the number of organ transplant surgeries. As a result, the demand for organ preservation has also surged worldwide. Despite a large demand and supply gap for organs, numerous programs are being implemented to promote organ donations in order to meet the ever-increasing demand for organ transplants, which is likely to contribute to the growth of the global organ preservation market during the forecast period. Increasing Research and Innovation in Organ Preservation Due to various advancements made in the field of organ transplant and preservation, the global organ preservation market is estimated to grow in the forecast period with a healthy CAGR. The advancement in preservation technologies and techniques has increased the accessibility of organs in remote areas as well. Furthermore, with technological developments in the medical field, the success rates of organ transplant surgeries are increasing, due to which more people are opting for such transplantation. For example,the longest on record at Ohio State is 24 years for a pancreatic transplant alone, and 32 years for a pancreas and kidney transplant together. Restraints High-Cost Involvement in the Organ Transplant Surgeries Organ transplant surgeries are among the most expensive in the medical field. This is because the number of donations is far less than the demand for organ transplants, which creates a huge demand and supply gap. Due to this gap, acquiring an organ is a task in itself, which results in a hike in the prices of organs. The sharp decline in organ donations also exacerbates the global dearth of

  3. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period transplantable organs and the need for organ transplants. Furthermore, transplant surgeries are also highly expensive, which acts as a major hindrance to the growth of the organ preservation market. Impact of Covid-19 on Global Organ Preservation Market The Covid-19 pandemic has had a significant detrimental impact on the global organ preservation market. As the number of Covid-19 cases increased, all non- essential and elective transplantation procedures were immediately postponed. As a result, the need for organ preservation fell precipitously. These surgeries also involve the utilization of intensive care units and medical ventilators, which were prioritized for use in Covid-19 critical treatment cases. Furthermore, executing organ transplant procedures in the presence of highly communicable viruses puts both the patient and the surgeon in danger. Therefore, the surgeries were postponed, resulting in the contraction in the demand for organ preservation. Global Organ Preservation Market - By Solution Based on solutions, the global organ preservation market is categorized into University of Wisconsin Solution, Custodiol HTK, Perfadex, and other solutions. The University of Wisconsin solution (UW) segment enjoys the highest market demand in the global organ preservation market. This is due to its high effectiveness as the solution allows the preservation of liver grafts of humans for more than 15 hours. This solution also makes transportation of transplant organs to large distances with minimum or no damage. These solutions are essentially used in the preservation of human livers. Global Organ Preservation Market - By Technique Based on techniques, the global organ preservation market is segmented into static cold storage, hypothermic machine perfusion, normothermic machine perfusion, and others. The static cold storage sector held the largest market share due to its broad applicability and increasing use. This procedure is mostly utilized for kidney preservation; however, it can also be used to preserve other organs such as the liver, lungs, pancreas, and heart. Static cold storage is also an economical way of preserving organs for which it has a huge demand in the global organ preservation market. Global Organ Preservation Market - By Organ-Type Based on organ type, the market is segmented into kidneys, liver, lungs, heart, and other organs. Because of factors such as the rising prevalence of renal failure, which is driving demand for kidney transplant treatments, the kidney segment held the biggest market share in 2020. Various initiatives are being implemented to promote the benefits of transplants, which are projected to propel the market forward throughout the forecast period. The heart segment also covers a significant share in the market and is estimated to witness a higher CAGR in the forecast period. Global Organ Preservation Market - Regional Insights Geographically, the global organ preservation market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the

  4. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period regions. the North American region captured the largest market share and is expected to dominate the market during the forecast period as well with a remarkable CAGR. Several factors contribute to this region's supremacy, including the acceptance and implementation of advanced and innovative technologies, as well as the growing prevalence of chronic ailments such as kidney disease and heart failure. Favorable reimbursement policies are also a significant growth driver for the organ preservation market in this region. Competitive Landscape The leading market players in the global organ preservation market are Dr. Franz Köhler Chemie GmbH, XVIVO Perfusion AB, Shanghai Genext Medical Technology, Avionord, Preservation Solutions, Essential Pharmaceuticals, Organ Preservation Solutions, Ebers, Organ Assist, Transmedics, Carnamedica, 21st Century Medicine, OrganOx Limited, Bridge to Life Limited, Institut Georges Lopez, Global Transplant Solutions, and other prominent players. The market players are consistently adopting competitive strategies, such as partnerships, mergers, collaboration to establish their brand name and retain their market position. Product launches to broaden their product portfolio and consumer base are very common in the market. Recent Developments In May 2021, the San Ramon-based Donor Network collaborated with four other organ procurement groups LifeGroups, LifeSource, Lifebanc, and Nevada Donor Network to initiate extensive research to increase the lifespan of the donated organs. In April 2021, the University of Minnesota in Minneapolis announced to be hosting America’s second organ and tissue preservation center. This is aimed towards establishing a human organs bank to promote organ transplant donations. Scope of the Report Attributes Details Historical data – 2017-2020 Years Considered Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Million Market Coverage North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa

  5. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period Product Service/Segmentation By Solution, By Technique, By Organ-type, By Region Key Players Paragonix Technologies, S.A.L.F., Waters Medical Systems, Dr. Franz Köhler Chemie GmbH, XVIVO Perfusion AB, Shanghai Genext Medical Technology, Avionord, Preservation Pharmaceuticals, Organ Preservation Solutions, Ebers, Organ Assist, Transmedics, Carnamedica, 21st Century Medicine, Organox Limited, Bridge to Life Limited, Institut Georges Lopez, Global Transplant Solutions and other prominent players. Solutions, Essential By Solution University of Wisconsin Solution Custodiol HTK Perfadex Other Solutions By Technique Static Cold Storage Hypothermic Machine Perfusion Normothermic Machine Perfusion Others By Organ Type Kidneys Liver Lungs Heart Other Organs By Region North America Europe Asia-Pacific (APAC) Latin America (LATAM) Middle-East & Africa (MEA) FAQs:

  6. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period 1. What is the current size of the global organ preservation market? Answer: The global organ preservation market reached USD 210.3 million in 2020. 2. What are the major factors driving the growth of the global organ preservation market? Answer: The major factors driving the growth of the global organ preservation market are the rising cases of organ failures and increasing research and innovation in organ preservation. 3. Who are the key players in the global organ preservation market? Answer: The key players in the global organ preservation market are: Paragonix Technologies, S.A.L.F., Waters Medical Systems, Dr. Franz Köhler Chemie GmbH, XVIVO Perfusion AB, Shanghai Genext Medical Technology, Avionord, Preservation Solutions, Essential Pharmaceuticals, Organ Preservation Solutions, Ebers, Organ Assist, Transmedics, Carnamedica, 21st Century Medicine, Organox Limited, Bridge to Life Limited, Institut Georges Lopez, Global Transplant Solutions, and other prominent players. 4. Which organ-type segment accounted for the largest share in the global organ preservation market? Answer: The kidney segment accounted for the largest share in the global organ preservation market. 5. Which region is at the highest growth rate in the global organ preservation market? Answer: North preservation market. America has the largest share in the global organ

  7. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period About us Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade- off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com

  8. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period

  9. Global Organ Preservation Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.1% in the Forecast Period

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