Organ Preservation Market reach USD 406 Mn by 2030.

Due to increasing market growth of organ preservation due to high preservation techniques and increasing demand of organ transplant, helps the global organ preservation market to reach remarkable growth in the upcoming years. Chronic diseases are on rise across the globe and the demand for organ transplantation is increasing rapidly, leading to enormous investment and innovations in organ preservation technologies market.

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Drivers and Opportunities for Market Growth

The main driving factors for organ preservation market are increase in number of organ transplants due to growing prevalence of chronic diseases such as diabetes, heart disease and kidney failure. Further, advancement in preservation technology and the increasing emphasis on improve the quality of preserved organ are likely to increase the success chances of organ transplantation procedure which will boost the market growth.

Segmentation Analysis

The global organ preservation market is segmented by preservation technique, organ type, and region. The course of the market in the coming days depends upon the each segment.

By Preservation Technique:

Preservation techniques include static cold storage, hypothermic machine perfusion, and normothermic machine perfusion. This is the conventional method of organ preservation used for solid organs such as kidneys, livers, and hearts, called static cold storage. Though this is the most common practice, static cold storage cannot maintain organ viability for sustained intervals, creating a demand for better methodologies.

By Organ Type:

The segment of organ type includes preservation of kidneys, livers, hearts, lungs and other organs. Because of the huge number of global requests for kidney transplants due to chronic kidney failure and other kidney diseases, the kidney preservation market led the entire market. The liver preservation market is also important because of the global increase in liver diseases - such as cirrhosis and hepatitis - resulting in high demands for liver transplant.

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By Region:

The market is categorized based on regions such as North America, Europe, Asia Pacific and RoW. The global organ transplant market is led by North America due to the increasing need for organ transplant procedures owing to advanced healthcare infrastructure, the ageing population, and a strong transplant network. Numerous important players in the organ preservation technology space, such as hypothermic and normothermic machine perfusion, are also based in the U.S.

Country-Level Analysis

United States:

The US is THE largest organ preservation market all over the world, supported by its advanced healthcare system, large population, and robust organ transplant infrastructure. A list of the most respected organ transplant centers in the country exists, and the market is a hot house of advanced preservation technologies. In addition, several of the leading companies developing organ preservation solutions, e.g. machine perfusion devices are in the U.S.

Germany:

Germany is one of the foremost nations in Europe for medical research and healthcare technologies, and holds a key role in the organ preservation market in this region. German hospitals are pioneers in advanced organ preservation, such as machine perfusion techniques. Germany has a solid system for health care as well as firm government encouragement for organ donation, which may place it as head of bloody Europe in developments they may make in organ preservation.

China:

China, which has long been developing its organ transplantation industry, in the recent years, had seen the demand for organs increased sharply and this was largely due to its massive population and the raising number of chronic diseases. Era has also strengthened the organ donation system and transplant policy, which guarantees the availability of organs to a certain extent. Consequently, there has been a booming need for efficient organ preservation technologies, making China one of the prominent markets in the Asia Pacific organ preservation market.

United Kingdom:

Organ transplantation is an essential part of healthcare services in one of the most advanced healthcare systems in Europe. Increasing number of patients requiring transplant along with elderly population drives the demand for organ preservation technologies. Thus, market growth is additionally driven by contribution of UK in organ preservation research - especially in liver and kidney transplantation.

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Competitor Analysis

The competition in the global organ preservation market is intense owing to the presence of several players and increasingly competitive environment leading to research and development among companies thereby resulting in faster innovation cycles. Market Trend by: Some of the players include:

Organ Transport Systems: Specializes in hypothermic machine perfusion devices for preservation of organs; It has developed methods to extend the transportation time of kidneys and livers very significantly.

TransMedics: A leader in organ preservation with its groundbreaking Organ Care System (OCS) providing normothermic perfusion to preserve hearts, lungs, and livers.

Vitrolife-Developing innovative solutions for comprehensive organ preservation with a special focus on kidney and liver transplants, Vitrolife is one of the world leaders in cell and tissue saving technologies.

Bridge to Life - This Company has developed and improved hypothermic machine perfusion systems and pioneered organ preservation methods for both kidney and liver transplants.

Conclusion

Technological advancements are making organ preservation inexpensive, increasing the demand for tended organs from around the world, hence the global organ preservation market will witness a huge growth due to these factors. As studies will be focused towards increasing organ viability and shelf-life, the market will witness rapid growth. With the evolution of healthcare systems and the increased focus on organ donation and transplantation in several countries, the requirement for preservation technologies will continue to propel the market forward. Continued strategic investments and innovative practices will allow stakeholders in the organ preservation sector to create disruptions in the organ transplant market and contribute to enhancing the quality of life of recipients around the world.

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