USD 230.89 million
Report ID:
SQMIG35D2061 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
117
|Figures:
79
Organ Preservation Market size was valued at USD 246.64 Million in 2023 and is poised to grow from USD 263.41 Million in 2024 to USD 438.14 Million by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The global increase in organ failure cases, organ donation campaigns, the ageing population, and the presence of influential figures in both developed and developing nations are all contributing factors to the growing demand. The primary factors driving the market expansion are the rising number of organ transplant surgeries performed worldwide and the increase in cases of multiple organ failure. It is also expected that several awareness initiatives around the world will have a favorable effect on the business. Over the past thirty years, cardiovascular diseases (CVD) have emerged as a leading cause of both mortality and morbidity.
Globally, the most common cardiovascular diseases include coronary artery disease, arrhythmias, peripheral vascular disease, heart failure, and congenital heart defects. As compared to cancer and other chronic diseases, cardiovascular disease (CVD) is the leading cause of death in the United States, with around 92.1 million people living with a CVD. This information comes from an American Heart Association report from 2018. Heart transplant rates are expected to rise globally because of these cases, driving market expansion throughout the projected timeframe. The number of kidney transplants is predicted to rise in response to the rising incidence of chronic renal diseases and kidney failures.
US Organ Preservation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 230.89 million
Largest Segment
Kidney
Fastest Growth
Heart
Growth Rate
6.8% CAGR
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Global Organ Preservation Market is segmented by Solution, Technique, Organ Type, End User and Region. Based on Solution, the market is segmented into University of Wisconsin Solution (UW Solution), Custodial HTK, Perfadex, and Other Solutions. Based on Technique, the market is segmented into Static Cold Storage, Hypothermic Machine Perfusion, and Normothermic Machine Perfusion. Based on Organ Type, the market is segmented into Kidney, Liver, Lung, Heart, Pancreas, and Others. Based on End User, the market is segmented into automotive, consumer electronics, healthcare, agriculture, manufacturing, and others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Organ Preservation Market Analysis by Solution
As per categorization by solution, the market is classified as university of Wisconsin Solution (UW solution), custodial HTK, perfadex, and other solutions. Among these, the University of Wisconsin Solution (UW solution) earned the largest share and continues to dominate the market. Due to its efficiency in prolonging the shelf life of transplantable organs, especially kidneys and livers, the Global organ preservation market has been captured by the University of Wisconsin (UW) Solution. This unique composition reduces organ cellular and metabolic activity damage while in the cold storage period, enhancing the success rates of the transplant. Developed contemporary methods U W Solution continues to be acceptable. With increasing number of transplant procedures, increasing research activity and proven ability to decrease ischemic damage, this organ preservation solution has become the most popular solution in the world.
The Custodial HTK Solution is anticipated to witness the highest growth in the global organ preservation market owing to its utility as it can preserve various organs like the heart, liver, and kidneys. It is a significant complex transplant solution as it can also maintain organ functioning even with long periods of cold ischemia due to its low viscosity. Its use is further enhanced as most modern surgeries require complex transplants where the cold storage of the organs is necessary to prolong the shelf life of the tissues. The increasing demand for organ transplantation leads to the market potential of HTK being driven by expanding clinical application, cost-effectiveness, and preference for preserving thoracic organs. Enhanced transplant techniques and other factors that lead to greater participation on the part of the transplant patients and the general population in organ importation activities make HTK one of the most promising organ preservation solutions.
Organ Preservation Market Analysis by Technique
The global organ preservation market is largely governed by the Static Cold Storage (SCS) system due to its ease of use, affordability, and practicality especially for organs such as kidneys, livers and hearts that require preservation. SCS provides a dependable short-term solution for storage and transportation of organs, as this method incorporates keeping the organs frozen in order to decrease any activity and therefore, avoid any ischemic injury. Additional cold storage improvements have made the method of cold storage its apparent use in most transplanting centers' operations. SCS is still the most practiced approach in organ transplants despite the existence of machine perfusion and other modern technologies as it requires little infrastructure, is very simple to use, and organ preservation solutions are still improving.
Due to its ability to effectively perfuse organ preservation solutions, enhancing oxygenation and nutrient supply into the organs, Dynamic Cold Storage (DCS) is expected to be the fastest growing segment in the globe organ preservation market share. In contrast to Static Cold Storage, DCS reduces the effects caused by ischemia and prolongs the organ preservation period especially in the case of risky or marginal organs. With the machines that enhance perfusion technology available, DCS makes it possible to do monitoring and evaluation continuously improving the success of the transplantation process. Better organ preservation techniques are becoming necessary as the scarcity of organs increases, coupled with the fact that DCS gives enhanced results, and it is receiving more acceptability in the clinical practice, makes it one of the key factors that will cause growth of the market in the years to come.
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The global organ preservation market is primarily centered within North America, primarily due to the presence of advanced healthcare facilities and infrastructures, a high rate of organ transplant, and sufficient investment for research and development purposes. The region is characterized by the presence of well-established well, government support, and advanced preservation techniques like machine perfusion. Moreover, the presence of leading players in the market plus better understanding of organ donation also enhances the growth of the organ preservation market. Further, the age structure in the region as well as the growing number of chronic diseases increases the need for organ transplant which maintains the region's parameter of leadership. There is ongoing innovation, favorable regulations and strategic partnerships which keep North America at the top of the global organ preservation market share.
Among all geographic entities, Europe is the region expanding at the highest rate in the global organ preservation market owing to the growing rates of organ donation, futuristic health care policies, and high uptake of technologies such as machine perfusion for organ preservation. For example, Spain and France are among the countries with the best programs in organ donation, whereas there is a good regulatory environment in the European Union, which enhances creativity and organ donation programs in other countries. Furthermore, increasing public awareness, better provision of healthcare services, and an upsurge in chronic diseases necessitate organ transplants. In Europe, it cuts across improvement of the techniques of preservation in the form of research backed funding and clinch developments. This will make the region experience fast growth in the global organ preservation market.
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Organ Preservation Market Driver
Rising Organ Transplant Demand
Technological Advancements in Preservation Methods
Organ Preservation Market Restraints
Stringent Regulatory Requirements
Logistical Challenges in Organ Transport
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The global organ preservation industry is highly competitive, with several players innovating, merging, and entering alliances with the sole aim of increasing their share of the market. Significant companies include Paragonix Technologies, XVIVO Perfusion AB, Dr. Franz Köhler Chemie GmbH, and OrganOx Limited. These companies are working on the development of technologies concerning preservation and tools such as machine perfusion and new preservation solutions for better functioning of organs. It continues to be a very competitive sector due to technology and the increasing need for organ transplantation across the world.
Top Player in the Global Organ Preservation Industry
Recent Developments in Organ Preservation Industry
Rise of Machine Perfusion Technology:
Growing Emphasis on Research and Development:
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global organ preservation market is experiencing significant growth driven by the rising prevalence of chronic diseases, particularly cardiovascular conditions, and the increasing demand for organ transplants. Key players are investing in innovative preservation solutions, such as machine perfusion and advanced storage techniques, to enhance organ viability and improve transplant outcomes.
Although there are challenges of regulatory frameworks and complexities in utilization, constantly, more research, awareness and technology are conducive to the market being on the increase. The rise in the rates of organ transplants would mean that the global organ preservation market will be of vital importance to the existing demand for organized preservation of organs.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 230.89 million |
Market size value in 2031 | USD 410.24 million |
Growth Rate | 6.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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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) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organ Preservation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organ Preservation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2061
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