Organ Preservation Solutions Market : A Latest Research Report to Share Market Insights and Dynamics

Transparency Market Research (TMR) (www.transpare) has published a new report titled, ‘Organ Preservation Solutions Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global Organ Preservation Solutions Market was valued at US$ 193.4 Mn in 2018 and is projected to expand at a CAGR of 10.5% from 2019 to 2027.?

Overview

Organ Preservation solutions are used for preserving organs before transplantation surgeries. This solutions maintains organ viability, rapidly cool down the organ and minimizes cellular injury. This solutions enables the organ for proper storage, transportation, and transplantation into the recipient.
Europe dominated the global organ preservation solutions market in 2018 and the trend is anticipated to continue during the forecast period. Rise in organ failure and growing need of organ transplantation in the region are expected to drive the market in Europe.
North America is the second major revenue generating region in organ preservation solution market. As per Organ Donation Statistics, 36,528 organ transplantation were performed in the year 2018 in the United States. Also, more than 113,000 people in the United States, are in the waiting list in the July 2019 for organ transplantation.
Asia Pacific is likely to be a highly lucrative market for organ preservation solution expected to expand at a high CAGR during the forecast period.
Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1786

Rise in Organ Transplantation Procedures to Drive Market

Rise in incidences of organ failure in kidney, liver and heart patients across the globe is augmenting the demand for organ transplant procedures. This has further led to rise in the demand for organ preservation solutions that help maintain the organs’ viability from the time of donation to transplantation. Market growth for organ preservation solutions will also be propelled by the rise in the number of elderly people worldwide since, risk of organ failure in people of this age group is higher.
As per, American Society of Nephrology states, an aged patient’s body shows less graft rejection and that has led to increased preference for organ transplants by surgeons for them.
Custodial HTK Segment to Dominate Market

Based on solution type, the global organ preservation solutions market has been Viaspan, Custodiol HTK, Renograf, Hypothermosol, Perfadex, Lifor, HBS Solution, siRNA Transplant Solutions, and others.
The Custodial HTK segment held major share of the global organ preservation solutions market in 2018 and the trend is anticipated to continue during the forecast period. The attributable factors are growing organ transplantation in which solutions are utilized to preserve various organs such as kidney, lungs, liver and pancreas. Also, it is a vintage preservation solution and hence has gained considerable popularity in the industry which has resulted in increasing preference for Custodiol over other solutions in the market.
For instance, Custodiol is utilized extensively for preserving kidneys according to the U.S. National Institute of Health (NIH) journal. Moreover, as per research, Custodiol solution is used for 2 million procedure in the Europe region.
Request For Covid19 Impact Analysis – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1786

Hypothermic Perfusion Preservation Technique to be Highly Lucrative Segment

In terms of preservation technique, the global organ preservation solutions market has been divided into Hypothermic Perfusion Preservation, Static Cold Storage, and Others.
The static cold storage segment is a standard solution utilize for organ preservation, and hypothermic perfusion preservation is expected to grow at highest CAGR during forecast period. Few attributable factors includes the efficiency of hypothermic perfusion technique in continuous supply solution to the organ and hence prevents any tissue injury.
Europe to Dominate Global Market

In terms of region, the global organ preservation solutions market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe dominated the global organ preservation solutions market in 2018, followed by North America.
Europe accounted for major share of the global organ preservation solutions Market in 2018, followed by North America owing to increase in organ transplantation surgeries in the region. Moreover, rising incidences of kidney, liver and other organ failure drives the need of transplant surgeries and increase the demand of organ preservation solutions in the market. Various countries of the region like Spain follow opt out policy where a person, if has not opted for denial of organ donation, will be considered as an organ donor after death (brain death) automatically. This increases the number of donors in the region and hence will drive the growth of the market.
The organ preservation solutions market in Asia Pacific is anticipated to expand at a highest CAGR from 2019 to 2027. This can be attributed to increasing awareness about the organ transplantation, technological advancement, and increasing demand of organ preservation solutions for the same. Rising incidences of death due to organ failure, rapid economic growth in developing economies such as India, China, Indonesia and others are another attributable factors for the market growth in the region.
Buy Now Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=1786<ype=S

Competitive Landscape

The global organ preservation solutions market is consolidated in terms of number of players. Key players in the global market include
Dr. Franz Köhler Chemie GmbH
Bristol-Myers Squibb
XVIVO Perfusion AB
Teva Pharmaceutical Industries Ltd
BioLife Solutions, Inc.
ToleroTech, Inc.
Companies strive to maintain their leading position in the market by adopting various business strategies such as launch of innovative products and acquiring various competitors. Recent Merger & Acquisition strategy enabled companies to expand their product line and strengthen geographic presence across globe.
Read our Case study at : https://www.transparencymarketresearch.com/casestudies/innovative-medical-device-manufacturing-start-up

The global Organ Preservation Solutions Market has been segmented as follows:

Global Organ Preservation Solutions Market , by Solution Type
Viaspan
Custodiol HTK
Renograf
Hypothermosol
Perfadex
Lifor
HBS Solution
siRNA Transplant Solutions
Others
Global Organ Preservation Solutions Market , by Preservation Technique
Hypothermic Perfusion Preservation
Static Cold Storage
Others
Global Organ Preservation Solutions Market , by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
More Trending Reports by Transparency Market Research – 1. http://www.prnewswire.com/news-releases/thrust-on-pharmaceutical-sector-to-develop-novel-drugs-for-clinical-conditions-propels-pharmaceutical-excipients-market-transparency-market-research-301017102.html

2. https://www.biospace.com/article/angioplasty-balloons-and-stents-market-introduction

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States

Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

This release was published on openPR.