Organ Care Product Market To Witness Growth Acceleration And Forecast 2024-2033

Market Definition

Organ care products are medical devices developed for storing donor organs for a longer period while providing the necessary nutrients to the organ. This device is used to store organs for a specified period.

Market Outlook

The global Organ Care Products Market was valued at USD 1.4 Billion in 2022 and it is anticipated to grow up to USD 2.8 Billion by 2032, at a CAGR of 7.2% during the forecast period.

Organs must be kept in optimal conditions and can be entirely managed before an organ transplant. This technology aids in monitoring organs such as kidney, liver, heart, and lungs to ensure optimum conditions. Organ care products contain one or more pump units, thermo units, and trolleys. Furthermore, organ care products can be customized for different types of organs.

Technological advancements in organ care products market will further create significant growth opportunities. Product developments have improved the quality of organ care, thereby increasing procedural success rate. New technologies providing advanced features and enabling easy functioning will boost the product acceptance rate. Furthermore, benefits associated with organ care systems such as organ preservation at optimal condition, easy transportation and convenience in workflow will propel the industry growth. However, high cost of transplantation procedures restricts the preference in low and middle-income groups.

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Research Objectives

• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Global Organ Care Products Market Segmental Overview

The report analyses the global Organ Care Products Market based on type, organ type, end-user, and region.

Global Organ Care Products Market by Type On the basis of type, it is segmented into portable, and trolly-based. Portable organ care products market accounted for more than xx% of revenue share in 2022 due to the increasing adoption of portable devices as it offers high mobility and convenience during the transport. Further, the development of innovative systems for expanded application areas will offer unprecedented growth opportunities. As portable system helps in easy organ monitoring, it assists professionals to improve patient throughput. Therefore, high product acceptance will foster segment expansion.

Global Organ Care Products Market by Organ Type By organ type, the industry is classified into Kidney, Liver, Heart, Lungs, and Others. Among these heart segment accounted for USD xx Million in 2022. Population aging and lifestyle changes are some of the prominent factors responsible for the segment growth as it increases the risk of heart failure. Increasing need for heart transplantation to cater growing disease burden will offer growth opportunities to the segment. Further, the need for optimal solutions to reduce procedural complexity and time will drive the product demand.

Global Organ Care Products Market by End-user By end-user, organ care products market has been segmented into hospital, ambulatory surgical center, and others. During the forecast period, the hospital segment is expected to grow at the fastest CAGR of xxx% in the market. The segmental growth is attributed to the rising prevalence of respiratory diseases along with the growing need for critical patient care. According to the Center for Disease Control and Prevention report, every year, approximately 136 million patients visit emergency rooms in the U.S. Furthermore, emergency centers are equipped with experienced physicians and crisis management teams. These teams are thoroughly trained and prepared for emergencies. Such advantages lead to business expansion.

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Major Players in the Global Catamaran Market

The Organ Care Products Market is moderately competitive and consists of numerous prominent players. In terms of market share, few of these significant players with substantial market share currently dominate the market and are focusing on increasing their customer base across overseas locations. The companies are also leveraging strategic collaborative initiatives to capture more market share and improve their profitability.

The key players in the Organ Care Products Market are Bridge to life Ltd., TransMedics, Inc., XVIVO, OrganOx Limited, Organ Recovery Systems, Paragonix Technologies, Inc., INSTITUT GEORGES LOPEZ, Preservation Solution Inc., Organ assist BV, and Water Medical System, among others.

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Research Scope

• Scope - Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics - Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape - Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles - Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2024 - US$ 1.4 Billion
• Market Size in 2033 - US$ 2.8 Billion
• CAGR - 7.2%
• Historic Period - 2015-2022
• Forecast Period - 2024-2033
• Base Year - 2024

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This release was published on openPR.