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The global organ preservation market size is estimated to grow by USD 106.96 million at a CAGR of 6.91% between 2022 and 2027.
The increased frequency of organ failure and chronic diseases is driving an increase in demand for organ transplants, which is a key driver in the global organ preservation market. With changing lifestyles and the rise of non-communicable diseases like diabetes, heart disease, and renal ailments, there is a growing global need for organ donation. Due to this spike in demand, organ preservation procedures are at the forefront of medical innovation. Organ preservation is of particular importance in ensuring that donor organs are maintained for a period between retrieval and transplantation, which significantly increases the number of organs available for transplant procedures. It enables healthcare professionals to close the supply-demand gap, thereby saving lives and improving patient outcomes.
Technavio has segmented the market into Type, End-user, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
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Living Organ Donation
The market share growth by the living organ donation segment will be significant during the forecast period. Living organ donation is a popular type segment in the global organ preservation market. This practice entails a living person voluntarily donating an essential organ, such as a kidney or liver, to a recipient in need. It is gaining popularity given its potential to address the shortage of organs that can be transplanted.
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The living organ donation segment was valued at USD 133.41 million in 2017. Advances in organ preservation procedures, such as normothermic perfusion and hypothermic machine perfusion, have increased the survival of organs during transport, benefiting living organ donation greatly. This strategy does more than save lives and it shortens wait times for organ transplant recipients. Hence, the adoption of living organ donation is expected to increase, making it a critical component of the growth and sustainability of the market in focus during the forecast period.
Hospitals and clinics
Hospitals and clinics are a significant end-user in the field of transplantation medicine and are key end-users in the global organ preservation market. Hospitals require cutting-edge organ preservation techniques in order to extend the viability of donor organs prior to transplantation surgery. An example of organ preservation processes and products are cold storage, hypothermic machine perfusion, and normothermic machine perfusion systems. The importance of this end-user segment for the successful transplantation of organs emphasizes the importance of influencing the prospects of the market as a whole. Overall, the adoption of organ preservation is expected to increase in hospitals and clinics, which, in turn, will drive the growth of the market in focus during the forecast period.
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Europe is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The North American organ preservation market is robust and dynamic, driven by factors such as increased organ transplant demand, innovations in preservation procedures, and an aging population. The region has an excellent quality healthcare infrastructure, including transplant centers and organ procurement organizations.
Moreover, the collaborations between pharmaceutical companies and research institutions are also focusing on enhancing organ preservation procedures and developing new preservation solutions, which is pushing market growth. Despite this positive prognosis, issues such as donor organ shortages and the high cost of sophisticated preservation procedures persist, demanding continuing research and investment in this essential healthcare market.
The COVID-19 pandemic had a significant impact on the North American organ preservation market in 2020. However, the introduction of COVID-19 vaccinations in 2021 provided promise for a revival in the organ preservation business. Hospitals were more confident about resuming transplant operations, given the increase in vaccination rates. According to the Centers for Disease Control and Prevention (CDC), by mid-2021, more than half of the US population were fully vaccinated, resulting in a gradual return in transplant activity. The North American organ preservation market is projected to grow further during the forecast period as healthcare systems advance in transplant procedures.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
21st Century Medicine - The company offers organ preservation solutions such as Super Cool X 1000, Super Cool Z 1000, and VM3 cryoprotectant.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key trends and challenges.
The increasing prominence of normothermic perfusion systems is a key trend in the organ preservation market. In the global market for organ preservation, an increasing number of normothermic perfusion systems is evidence of a significant evolution in transplantation. Normothermic perfusion, as opposed to typical cold storage procedures, keeps organs at near-body temperature, replicating their natural physiological state. This trend will not only improve the quality of organs but also increase the time it takes for their transport so that they can be acquired from more distant donors.
As a result, it has the potential to significantly increase the donor pool and save more lives through successful transplants. Such factors are expected to contribute to the growth of the global organ preservation market during the forecast period.
The persistent shortage of available donor organs is a major challenge in the organ preservation market. With the ongoing shortage of appropriate donor organs, the global market for organ preservation faces a serious challenge. Despite advances in organ preservation procedures that have increased the viability of harvested organs, demand for transplantation continues to outpace supply. This scarcity has a number of negative effects.
Furthermore, organ shortage frequently raises the cost of transplantation procedures, limiting access to healthcare services. The urgent need to advance technology in organ preservation and transplantation is also highlighted by this issue, as well as initiatives to raise organ donation rates through public awareness campaigns and legislation changes to meet the ever-increasing need for donor organs. This is expected to impede the growth of the market in focus during the forecast period.
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The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Organ Preservation Market Customer Landscape
The organ preservation market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Organ Preservation Market Scope |
|
Report Coverage |
Details |
Page number |
144 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.91% |
Market growth 2023-2027 |
USD 106.96 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.36 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
Europe at 39% |
Key countries |
US, Germany, France, China, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
21st Century Medicine, Accord Healthcare Ltd., Biochefa Pharmaceutical Research And Production Plant Ltd., BioLife Solutions Inc., Bridge to Life Ltd., Carnamedica, dr. Franz Koehler Chemie GmbH, EBERS MEDICAL TECHNOLOGY SL, Global Transplant Solutions, Organ Recovery Systems Inc., OrganOx Ltd., Paragonix Technologies Inc., Preservation Solution Inc., Revive Organtech Inc., SALF SpA, Stellantis NV, TransMedics Inc., TX Innovations, Waters Medical Systems LLC, and XVIVO Perfusion AB |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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