Press release
Europe Organ Preservation Market is Set for Growth, To Reach US$ 94.8 Million by 2028
According to the latest report by IMARC Group "Europe Organ Preservation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The Europe organ preservation market size reached US$ 65.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.34% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.Organ preservation refers to the procedures of preserving organs harvested from the donor's body, maintaining their viability, and ensuring the ability to restore normal organ function post-transplantation. Some of the common preservation solutions include static preservation (UW) solutions, custodial histidine-tryptophan-HTK, perfadex, and others. Organ preservation methods maintain the temperature and oxygen levels of the organ while enhancing the survival rate of the receiver. They even ensure the safe storage and transportation of organs to healthcare facilities. Consequently, organ preservation systems find extensive applications in hospitals, clinics, and organ banks across Europe.
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Europe Organ Preservation Market Trends:
The growing prevalence of chronic diseases and the increasing incidences of organ failures, especially among the geriatric population, are primarily driving the Europe organ preservation market. Additionally, the escalating innovation of advanced techniques by leading market players, including normothermic machine perfusion (NMP) and hypothermic machine perfusion, which aid in reducing the risk of reperfusion injury during transplantation and show improved results in cold storage for clinical and experimental studies, is acting as another significant growth-inducing factor. Apart from this, the development of state-of-the-art healthcare infrastructure in the region and the introduction of enhanced reimbursement policies are further stimulating the market across Europe. Moreover, the launch of several campaigns by government bodies through digital platforms to spread awareness about the benefits of organ donation among the masses is also positively influencing the regional market. Besides this, the expanding number of accomplished medical professionals and the elevating availability of low-cost organ transplantations surgeries are expected to propel the Europe organ preservation market in the coming years.
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
Breakup by Country:
Germany
France
United Kingdom
Italy
Spain
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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