Organ Preservation Systems Market 2017-2021
According to statistics published by the U.S. Department of Health, more than 120,000 patients are were on transplant waiting list, while only 30,970 transplants were performed in 2015. The data also states that over 22 patients die each day due to unavailability of donor organ. In European Union, over 63,000 patients were enlisted on transplant waiting list as on December 2013, of which over 50,000 were on kidney transplant waiting list. Statistics published by the European Union also state that there was an increase of 33% in organ donation. Deceased organ donation increased from 9,790 in 2012 to 9,912 in 2013. Also, over 25% of the transplant procedures globally happened in the European Union in 2012. Increasing trend for organ donation globally due to wide spread awareness through government as well as non-government organizations, and high demand for transplant surgeries has been the prime driver for organ preservation systems market.
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Various companies have been developing innovative technologies to maintain organs viable for transplant procedures. TransMedics, a U.S. based company has developed an innovative system that can preserve organs for extended hours until transplant surgery. The device costs over US$ 200,000. Papworth hospital and Harefield hospital in the U.K. are currently using these systems to preserve organs in transit. The company offers devices for heart, lungs and liver preservation. Paragonoix is also a leading player that offers heart and kidney preservation systems. The company has been engaged in distribution agreements with various players for increasing market reach. In December 2016, the company entered into agreement with Bio Instruments, LLC, to market the SherpaPak cardiac and kidney transport systems in the Midwestern United States. With developing technology and increasing awareness about organ preservation systems, the market would witness rapid growth in the future.
Key players in the organ preservation systems market include Organ Recovery Systems, Inc., Organ Transport Systems, Inc., TransMedics, Inc., Wi Medical Device Development, Revai Organ Transport Systems, Paragonix Technologies Inc., and Transonic.
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Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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