Organ Preservation Solutions Market Emerging Growth Analysis, Future Demand and Business Opportunities 2027

The global market for organ preservation solutions is witnessing a surge, with a valuation of US$ 193.4 Mn in 2018 and an anticipated expansion at a robust CAGR of 10.5% from 2019 to 2027 and It is expected to reach US$ 506.3 Mn by 2027. Key drivers propelling this growth include the rise in organ transplantation, a growing aging population, technological advancements, increased accessibility to healthcare, and the entry of new players.

Driving Forces for Market Expansion

Technological Advancements and the Fight Against Organ Shortages: One of the primary growth drivers is the continuous innovation in organ preservation solutions. Manufacturers are consistently introducing technologically advanced solutions to tackle challenges such as the short duration of organ survival before transplantation and tissue edema. Techniques like persufflation, a promising preservation method, are gaining traction for improving oxygenation, enhancing grafting during preservation and transplantation.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1786&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

Global Organ Preservation Solution Market: Competitive Landscape

The market is characterized by a fragmented landscape with the presence of several international, regional, and local players. Major players in the market include Dr. Franz Köhler Chemie GmbH, Bristol-Myers Squibb Company, Teva Pharmaceutical Industries Ltd, XVIVO Perfusion AB, BioLife Solutions, Inc., 21st Century Medicine, Bridge to Life Ltd., Accord Healthcare, and OrganOx Limited.

Rising Aging Population: With an increasing elderly population globally, the demand for organ transplants is on the rise. Elderly individuals often suffer from organ dysfunctions, and transplantation is a preferred solution for better efficiency in functioning. The global geriatric population, expected to reach 2 billion by 2050, presents a significant market growth opportunity.

Challenges and Market Restraints

Organ Donor Shortages: A critical challenge hindering the market is the shortage of organ donors for various transplants, including kidney, liver, heart, and more. The conservative mindset, particularly in countries like Japan, India, and Israel, due to religious concerns, contributes to the scarcity of organ donors.

Decreasing Trend in Organ Donors: The decline in the number of organ donors exacerbates the demand and supply gap, negatively impacting the market. Surgeons are increasingly turning to artificial organs due to the shortage of donor organs. Additionally, lack of reimbursement in developing regions affects the demand for organ transplantation.

Key Developments in the Market

Innovations Driving Growth: Market players are focusing on technologically advanced products, reimbursement scenarios, launching new products, and engaging in acquisition and collaborative agreements. In August 2019, XVIVO Perfusion received European patent approval for Perfadex Plus, a product designed for the cold preservation of lung organs. This innovative solution is expected to save time and minimize errors during preservation preparation and transplantation.

FDA Approval for Market Expansion: In June 2018, XVIVO Perfusion received marketing approval from the USFDA for Perfadex Plus, expanding its opportunities in the U.S. lung transplantation market, where 40% of lung transplants are performed.

Strategic Acquisitions: In July 2017, Accord Healthcare completed the acquisition of Essential Pharmaceuticals Custodiol HTK Solution, gaining the right to sell organ preservation solutions in Canada and the United States.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=1786<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

Future Outlook

The global organ preservation solution market is poised for remarkable growth, driven by technological advancements, an aging population, and the continuous efforts of key players in introducing innovative solutions. As the market thrives, it is expected to play a pivotal role in addressing organ shortages and revolutionizing the landscape of organ transplants.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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