What is the global market size of Organ Preservation Market?

Organ Preservation Market size was valued at USD 230.89 million in 2021 and is poised to grow from USD 246.64 million in 2022 to USD 410.24 million by 2030, growing at a CAGR of 6.8% in the forecast period (2023-2030).

What is the key driver of Global Organ Preservation Market?

One of the most frequent causes of mortality in ICUs is multiple organ failure, which is mostly brought on by sepsis. According to estimates, up to 20% of individuals with sepsis exhibit acute respiratory failure and 26–50% develop acute renal failure (Society of Critical Care Medicine). Acute renal failure is more common in the elderly due to age-related declines in renal plasma flow and glomerular filtration rate. Diabetes makes people more susceptible to both of these diseases and multiple organ failure. Geriatric patients are more likely to have illnesses including TB and liver cirrhosis, which may necessitate organ transplantation.

What is the key market trend for Global Organ Preservation Market?

To provide better healthcare services, governments all around the world are concentrating on bolstering their healthcare infrastructures. For instance, the Brihanmumbai Municipal Corporation in India set aside around USD 924 million (INR 7,000 crore), or 15% of its budget for 2022–2023, to improve health services and create 100 health clinics with more than 100 diagnostic tests for preventative and primary treatment in BMC regions. There will be more hospitals that handle more brain-dead people who could make good donors as a result of these infrastructure upgrades. The time involved with donor-recipient cross-matching, subject profiling, genotyping, and other associated diagnostic tests during the pre-transplantation phase will also be improved by the growth in testing labs. It is anticipated that these discoveries would open up new potential for the organ preservation sector.

Which region accounted for the largest share in Global Organ Preservation Market?

In 2021, North America accounted for the biggest market share, and it is anticipated that it will continue to dominate over the projected period. The main drivers of growth are the increasing adoption of cutting-edge healthcare technology, the high prevalence of chronic renal disease and heart failure, improved reimbursement rules, and rising investments in expanding healthcare infrastructure. The regional market is also anticipated to rise as a result of the ageing population and an increase in organ transplant surgeries.

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

Q: Who are the key vendors in the Global Organ Preservation Market?

The global organ preservation market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. '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.', 'In August 2021, he LIVERguard Donor Liver Preservation System was introduced by Paragonix Technologies in the US and Europe. This tactic boosted Paragonix's global footprint and broadened their range of products.', 'In June 2021, in order to grow its company and have access to a wide network of transplantation clinics in Brazil, the biggest nation in Latin America, XVIVO Perfusion teamed with Contatti Medical (Brazil.'.

Report ID: SQMIG35D2061 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 117 | Figures: 79

Organ Preservation Market News

in Organ Preservation Industry

In June 2023, Paragonix Technologies disclosed the introduction of the Lifeline™ Transporter for Kidneys, an unprecedented device that facilitates the safe conveyance of kidneys from one location to another. This device utilizes high-tech preservation techniques and has enhanced the viability of the preservation of organs and improved the results of transplants. The goal of the launch is to improve organ preservation techniques and also to improve the increasing need for kidney transplants.
In August 2023, XVIVO Perfusion AB introduced an upgraded version of its Organ Support System, enhancing the preservation of liver and kidney organs during transport. All it does is improve the organ viability during its transportation and monitoring, which includes a real time monitoring system in the transportation process to boost the Success rate of transplant.
In September 2023, TransMedics, Inc. received regulatory approval for its Organ Care System (OCS) Heart device in Europe. The system that has been developed makes it possible to keep and even transport hearts obtained from donors while they are still alive. This approval represents greater success as it enhances the availability of heart transplants and enhances the outcomes of patients.

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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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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

Organ Preservation Market News

Organ Preservation Market Report Snapshots

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What is the global market size of Organ Preservation Market?

Who are the key vendors in the Organ Preservation Market?

What is the key driver of Organ Preservation Market?

What is the key market trend for Organ Preservation Market?

Which region accounted for the largest share in Organ Preservation Market?

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