With 7.7% CAGR, India Organ Preservation Market to hit US$ 18.5 Million 2027

IMARC Group has recently released a new research study titled "India Organ Preservation Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the india organ preservation industry?

The India organ preservation market reached a value of US$ 11.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.5 Million by 2027, exhibiting a CAGR of 7.7% during 2022-2027.

What is a india organ preservation?

Organ preservation is the procedure of removing an organ from the body of the donor and maintaining its viability until it is transplanted into the body of a receiver. It also assists in preventing harmful metabolites from breaking down tissues and maintaining the temperature and oxygen levels of the organ. It relies on special solutions for sustaining the organ quality and improving the survival rate of patients after transplantation. At present, it is utilized for transplanting the kidneys, heart, lungs, and liver in India.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in the india organ preservation market?

There is currently a rise in the number of individuals who are suffering from chronic diseases, such as gastrointestinal ailments, obesity, and cardiovascular diseases. This has resulted in the growing occurrences of organ failures, which, in turn, represents one of the key factors catalyzing the demand for organ preservation across India. Besides this, the rising geriatric population is also contributing to market growth. Moreover, a significant development in healthcare services and the advent of advanced techniques, such as normothermic machine perfusion (NMP), for organ preservation are creating a favorable market outlook. Furthermore, the Government of India is undertaking several initiatives to promote organ donation in the country. This, in confluence with the increasing number of individuals volunteering to donate organs for transplantation and research purposes, is positively influencing the market.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Preservation Solution:

UW Solution
Custodiol HTK
Perfadex
Others

Breakup by Organ Donation Type:

Living Organ Donation
Deceased Organ Donation

Breakup by Technique:

Static Cold Storage Technique
Hypothermic Machine Perfusion
Normothermic Machine Perfusion
Others

Breakup by Organ Type:

Kidney
Liver
Lung
Heart
Others

Breakup by End-User:

Hospitals and Clinics
Organ Banks
Others

By Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players.

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This release was published on openPR.