Overview of the global organ preservation market

Organ transplantation is one of the most expensive medical procedures in the healthcare industry. Government organizations are encouraging the adoption of transplantation surgeries in many countries by providing reimbursements. Technavio’s market research analysis has identified the availability of favorable reimbursements will be one of the major factors that will have a positive impact on the growth of the global organ preservation market in the coming years. The cost for a complete transplantation includes the pre-transplant cost of recipient and donor, inpatient costs, cost of organ, and post-transplant care for managed care contracts. The cost for organ transplantation varies based on the insurance coverage provided in different countries. The organ transplantation in Japan is supported by the Japan organ transplant (JOT) network. With the rising number of organ transplantations, the need for organ preservation will subsequently increase. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 9% by 2021.

Countries such as the US and Canada are contributing to the major growth of the organ preservation market in the Americas. Technological advancements in organ preservation and a large volume of organ transplantations is resulting in an increased demand for organ preservation solutions in the region. The demand for organ preservation solutions will continue to increase in the region throughout the estimated period due to the rising availability of reimbursements for organ transplantations.

Competitive landscape and key vendors

The organ preservation market is characterized by the presence of several small vendors. These vendors are increasingly competing against each other based on factors such as price and innovation. The rising innovations to enable longer shelf life of organs without affecting their viability will strengthen the competitive environment among the players in the organ preservation solution market.

Key vendors in this market are -

• Baxter
• Biolife Solutions
• CryoLife
• Dr. Franz Kohler Chemie

Other prominent vendors in the market include 21st Century Medicine, Anaximandre, Biochefa, Hibernicor, IGL, Lifeblood medical, OPSL, Organ Assist, Organ Recovery Systems, Preservation solutions, Revive Organtech, Transmedics, and Xvivo perfusion.

Segmentation by solution and analysis of the organ preservation market

• Intracellular
• Extracellular

Intracellular solutions are composed of low sodium and high potassium components and designed to serve the internal environment of the organ. UW solution is the most prominent organ preservation intracellular solution. This solution is used to preserve kidneys, liver, heart, and pancreas. Euro-Collins is another intracellular solution and Ross-Marshall Citrate solution is its modified version. The demand for intracellular solutions is expected to grow steadily during the forecast period due to the rising adoption of hypothermic perfusion systems. This in turn, will boost growth in the organ preservation market.

Segmentation by end-users and analysis of the organ preservation market

• Hospitals
• Organ banks

The organ preservation solution market is witnessing growth in the hospitals segment due to the high need for organ preservation in hospitals in comparison to organ banks. The demand for organ preservation will remain high in this segment due to the vast number of patients declared as brain dead, increasing number of organ failures, and a high number of unsuccessful operations. The number of deceased organ donors is high in hospitals due to the high prevalence of sepsis. This in turn, will boost the demand for organ preservation.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global organ preservation market?
• What are the key market trends impacting the growth of the global organ preservation market?
• What are the challenges to market growth?
• Who are the key vendors in the global organ preservation market?
• What are the market opportunities and threats faced by the vendors in the global organ preservation market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global organ preservation market?

Technavio also offers customization on reports based on specific client requirement.