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 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 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.