Market Values:
Report Scope:
The global Organ Preservation Market, valued at US$ 0.23 Bn. in 2021, is anticipated to witness robust growth with a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period (2022-2029). The report provides comprehensive insights into the dynamics, market values, research methodology, and regional trends influencing the organ preservation industry.
Research Methodology:
The analysis considers 2021 as the base year, relying on real numbers and outputs from key players globally. The study incorporates trends from the past five years while accounting for the exceptional circumstances of 2021, especially the impact of regional lockdowns. The research methodology ensures accuracy and relevance in forecasting market trends.
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Dynamics:
Drivers:
The increase in the elderly population and incidences of multiple organ failure is a key driver. The rise in organ transplants among the elderly is significant, with a notable surge in the number of organ transplants in the over-65 age category.
Restraints:
The high cost associated with organ transplant procedures poses a challenge, making these treatments often unattainable without external assistance.
Opportunities:
Growing investments in healthcare infrastructures worldwide open new avenues for the organ preservation sector, with improved facilities handling brain-dead donors and enhancing pre-transplantation diagnostic tests.
Challenges:
The significant gap between the annual need for organs and the number of donated organs remains a challenge, attributed to inadequate legislative policies, lack of public awareness, and the threat of organ trafficking.
Regional Insights:
North America:
Dominated the market in 2021 and is expected to maintain its lead. Factors such as advanced healthcare technologies, high prevalence of chronic diseases, and increased investments contribute to the region’s market growth.
Asia Pacific:
Anticipated to exhibit the fastest growth, driven by rising healthcare costs, increased patient awareness, and growing demand for organ transplant procedures. Factors like an aging population and higher rates of kidney and heart failure contribute to market growth.
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Organ Preservation Market Segmentation:
by Type
• Kidney
• Heart
• Lung
• Live
by Application
• Pharmaceuticals
• Organ transplantation
• Specialty Centers
• Others
Organ Preservation Market Key Players:
• Paragonix Technologies
• XVIVO Perfusion AB
• Dr. Franz Köhler Chemie GmbH (Germany),
• Essential Pharmaceuticals,
• LLC (US)
• Organix Limited (UK)
• 21st Century Medicine (USMedicine, Inc.
• Shanghai Genext Medical
• Bridge to Life Limited
• Preservation Solutions
• Carnamedica (Poland)
• Transplant Biomedicals
• Institut Georges Lopez
• Global Transplant Solutions
• Organ Preservation Vascular Perfusion
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Table of content for the Organ Preservation Market includes:
Key Offerings:
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