IMARC Group, a leading market research company, has recently released a report titled "Organ Preservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global organ preservation market demand, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Organ Preservation Industry?
According to the report, The global organ preservation market size reached US$ 176.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 260.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
What is organ preservation?
Organ preservation is the process of preserving an organ and tissue harvested from the body of the donor and restoring its function. It decreases the risk of delayed graft function (DGF) and improves graft survival. It includes storage of the kidney, liver, lung, and heart using histidine-tryptophan-ketoglutarate (HTK), celsior, perfadex, and UW solution. It employs hypothermic machine perfusion (HMP), normothermic machine perfusion (NMP), and static cold storage (SCS) techniques.
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What are the growth prospects and trends in the organ preservation industry?
The growing awareness about organ donation and transplantation is increasing public support for organ preservation initiatives, which represents one of the key factors positively influencing the market. In addition, the rising healthcare expenditure and the escalating demand for affordable and efficient organ preservation solutions are fueling the growth of the market. Apart from this, governments of various countries are focusing on promoting organ donation. This, along with the increasing investments in research and development (RD) activities in the field of organ preservation to develop containers that are more compact, lightweight, and durable, is contributing to the market growth. Additionally, increasing collaborations and partnerships between organ preservation companies, medical institutions, and research organizations are strengthening the market growth worldwide. Furthermore, the increasing adoption of portable organ preservation systems that allow the preservation of organs outside hospital settings is stimulating the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Preservation Solution:
- UW Solution
- Custodiol HTK
- Perfadex
- Others
Breakup by Organ Donation Type:
- Living Organ Donation
- Deceased Organ Donation
Breakup by Technique:
- Static Cold Storage Technique
- Hypothermic Machine Perfusion
- Normothermic Machine Perfusion
- Others
Breakup by Organ Type:
- Kidney
- Liver
- Lung
- Heart
- Others
Breakup by End-User:
- Hospitals and Clinics
- Organ Banks
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 21st Century Medicine
- Biolife Solutions
- Bridge to Life Ltd.
- Bristol-Myers Squibb
- Dr. Franz Kohler Chemie GmbH
- Essential Pharmaceuticals.
- Lifeline Scientific
- OrganOx
- Paragonix Technologies
- TransMedics
- Waters Medical Systems
- Xvivo Perfusion
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