The Organ Preservation Industry valued at USD 189.5 million in 2018 and is expected to reach USD 318.2 million by the year 2026, at a CAGR of 6.6%. Organ preservation is a procedure to preserve the organs during organ transplantation. Organ transplantation is performed in the case of organ failure.
The increase in the incidence of multi-organ failure, the growth in the geriatric population, and also the growth in organ transplants procedures is the primary factor for boosting the growth of the organ preservation market. The initiatives taken by the government and NGOs for organ donation programs worldwide are further fueling the growth of the market. Technological advancements for new techniques for organ donation and preservation are powering the growth of the market. However, the high cost of organ transplantation, less awareness among the people about the organ donation programs and stringent rules and regulation are restraining the growth of the market. The Asia Pacific region has obtained a remarkable increase in the demand owing to the rise in the multi-organ failure cases and also The favorable initiatives taken by the government and NGOs for organ donation programs and also due to the increase in the geriatric population etc.
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The global Organ Preservation market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Organ Preservation market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
Top Companies Profiled in the Report:
Paragonix Technologies (U.S.), XVIVO Perfusion AB (Sweden), Dr. Franz Köhler Chemie GmbH (Germany), Essential Pharmaceuticals (U.S.), Organox Limited (England), 21st Century Medicine (U.S.), Shanghai Genext Medical Technology (China), Bridge to Life Limited (U.S.), Waters Medical Systems (U.S.), Preservation Solutions(U.S.), Carnamedica, Transplant Biomedicals (Spain),
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as RD investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Organ Preservation Market Segmentation:
Preservation Solutions Outlook (Revenue in Million USD; 2016-2026)
- UW (University of Wisconsin)
- Custodial HTK
- Collins Solution
- Celsior solution
- Citrate Solution
Organ Types Outlook (Revenue in Million USD; 2016–2026)
Techniques Outlook (Revenue in Million USD; 2016–2026)
- Static Cold Storage
- Dynamic Cold Storage
- Hypothermic Machine Perfusion
- Normothermic Machine Perfusion
- Oxygen Persufflation
End Use Outlook (Revenue in Million USD; 2016–2026)
- Organ Banks
Regional Outlook of the Global Organ Preservation Market
- North America
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of Middle East Africa
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