Organ Preservation Market to grow at a CAGR of 7.0% by 2031 | Paragonix Technologies, XVIVO Perfusion AB, Dr. Franz Köhler Chemie GmbH

New York, Global Organ Preservation Market was valued at USD 226.3 million in 2021 and it is anticipated to grow up to USD 444.3 million by 2031, at a CAGR of 7.0% during the forecast period.

Global Organ Preservation Market report from Global Insight Services is the single authoritative source of intelligence on Organ Preservation Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Organ preservation is basically a procedure under which organs donated for transplantation are stored and preserved under proper temperature and surroundings. This preservation process generally involves flushing the organ with specific preservation solution dependent on the requirements and storing them on the basis of different techniques as required by the organ.

Market Trends and Drivers

Growing geriatric population and subsequent growth in cases of multiple organ failure will positively boost the overall industry expansion. Multiple organ failure is among the most common causes of death in ICUs, mainly caused by sepsis. It is estimated that 26-50% of patients diagnosed with sepsis develop acute renal failure, and up to 20% show acute respiratory failure (Source: Society of Critical Care Medicine). The elderly are at a higher risk of acute renal failure due to an age-related decline in the glomerular filtration rate and the renal plasma flow. Diabetes also increases the vulnerability to these conditions and multiple organ failure. Diseases such as tuberculosis and liver cirrhosis are more common among geriatric individuals and may make it necessary for individuals to undergo organ transplants. According to the Organ Procurement and Transplantation Network, the growth of the geriatric population has a large impact on the number of organ transplantation procedures carried out, as the number of older people receiving organ transplants has grown.

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Global Organ Preservation Market Segmental Overview

The report analyses the global organ preservation market based on Organ Type, Preservation Technique, Solution, and region.

Global Organ Preservation Market by Organ Type

Based on organ type, it is segmented into kidneys, liver, lung, heart and others. Among these, removable brace segment accounted for significant market share in 2021. The kidney segment held the largest market share in 2019. Increasing cases of kidney failures and number of kidney transplant procedures across the globe are the major factors influencing the segment growth. According to a report published by the NHS in 2019, in the U.S. around 37.00 million patients suffer from chronic kidney disease and almost 726,000 suffer from end-stage renal disease every year. Various awareness campaign related to the benefits of kidney transplant is also anticipated to promote segment growth. For instance, NHS launched 'Advancing American Kidney Health' Initiative with an aim to improve the lives of patients suffering from kidney disease in the U.S.

Global Organ Preservation Market by Preservation Technique

Based on preservation technique, it is segmented into static cold storage, hypothermic machine perfusion, normothermic machine perfusion and others. Among them, normothermic machine perfusion segment is expected to experience the fastest growth rate during the forecast period. In this technique, the organ is provided with sufficient nutrition and oxygen that enables aerobic metabolism. It also helps to provide better transplantation outcomes and reduces the chance of post-transplantation side effects. It is majorly used for liver preservation but is also allows efficient preservation of other organs as well. Therefore, such advantages are expected to promote market growth over the forecast period.

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Global Organ Preservation Market by Solution

Based on solution, it is segmented into university of wisconsin (UW), custodial HTK, perfadex, and others. Perfadex segment is anticipated to witness the fastest CAGR over the forecast period. This solution is specifically formulated to preserve the integrity and function of organs that are rich in endothelium at the time of cold ischemic storage and flushing before reperfusion and transplantation. This solution is majorly used for lung preservation but can be used to preserve other organs as well. Therefore, such advantages are anticipated to promote segment growth over the forecast period.

Geographical Analysis of Global Organ Preservation Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America held the largest share in the market. Rising acceptance of innovative healthcare technologies, high prevalence of chronic kidney diseases and heart failure, better reimbursement policies, and increasing investments for improving healthcare infrastructure are the major factors promoting the growth. Furthermore, rising geriatric population and an increasing number of organ transplantation procedures are also expected to promote the regional market growth.

Major Players in the Global Organ Preservation Market

The key players in the market are Paragonix Technologies (US), XVIVO Perfusion AB (Sweden), Dr. Franz Köhler Chemie GmbH (Germany), Essential Pharmaceuticals, LLC (US), TransMedics (US), OrganOx Limited (UK), 21st Century Medicine (US),Shanghai Genext Medical Technology (China), Bridge to Life Limited (US), and Waters Medical Systems (US), among others.

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