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 Regional Insights

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 size was valued at USD 230.89 million in 2022 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 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. '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.'

The increasing prevalence of chronic diseases, such as liver and kidney failure, is driving global demand for organ transplants. Increased number of transplant activities raises the demand for efficient organ preservation methods, owing to the fact that the medical anthropology community seeks to maintain the quality of organs and enhance the results of multiple organ operations. 

The infusion of machine perfusion technology is changing organ storage practices as it enhances the supply of oxygen and nutrients during storage. These methods enhance organ preservation and post-transplant outcomes which in turn encourages development of sophisticated preservation technologies for profitable usage considering the high demand of transplant surgery nowadays.

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. 

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Global Organ Preservation Market

Report ID: SQMIG35D2061

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