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 Dynamics

Organ Preservation Market Driver

Rising Organ Transplant Demand 

  • 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. 

Technological Advancements in Preservation Methods 

  • Innovations like machine perfusion and improved preservation solutions are enhancing organ viability and extending storage times. Due to these advancements in technology, organ evaluation is facilitated and the likelihood of successful transplant increases, hence boosting the market for organ preservation all over the world as it enhances the feasibility of successful transplants of marginal and high-risk organs. 

Organ Preservation Market Restraints 

Stringent Regulatory Requirements 

  • The organ conservation industry is subject to an enormous amount of regulatory oversight, with the introduction of new preservation solutions or technologies necessitating many clinical trials and other lengthy approval processes. These limitations on the approval process and new strategies for product introduction tend to discourage innovation and product development as well as market for new companies creating improvement in preservation strategies. 

Logistical Challenges in Organ Transport 

  • The long-global transport of the organs poses yet another great challenge in respect to their preservation. Any possibility of delays, poor containers or change of environment could make the organ unsuitable for transplanting. These logistical constraints, with emphasis on far flung or developing countries, slow down the growth of the industry and achievement of effective global organ storage and distribution systems.
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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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