The global organ preservation market is worth US $210 million in the year 2020 and is anticipated to grow at US $399 million by 2030 with the compound annual growth rate (CAGR) of 6.5% during the forecast period from 2021 to 2030.
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Organ preservation is a process in which organs of the human body are preserved for transplant surgeries. Organs including, the liver, kidney, heart, and pancreas, can be kept from swelling during storage using solutions and techniques. Organ preservation is considered to be vital ever since the inception of transplant surgeries.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Factors Affecting
- There has been a rising number of cases of organ failure due to health conditions such as diabetes and high blood pressure. It has led to an increase in organ transplant operations. In response, organ preservation demand has also risen globally.
- The advancements in the field of medical science has resulted in better storage and preservation of organs. Thus, resulting in the growth of the market.
- In addition, there is increased accessibility, and better success rates for organ transplant surgeries which results in increasing demand of the market.
- The organ transplant surgeries are the costliest surgeries and cannot be afforded by everyone which can be a factor of slowdown of the market growth.
Impact of Covid-19 pandemic
Ever since the Covid-19 pandemic gripped the world and the number of Covid-19 cases rose, all inessential and elected procedures were postponed. Moreover, carrying out an organ transplant carries a major risk of infection to not only the patient but also the surgeon. The medical equipment, which is essential for organ transplant surgeries, such as ventilators and monitors, were prioritized for patients of Covid-19. Due to such reasons, the global organ preservation market had a negative impact.
Regional Insight
According to the region, North America is leading the global organ preservation market. This lead in the global market is due to reasons such as the incorporation of improved and advanced medical technology, rise in the number of cases of chronic diseases such as kidney and heart diseases. North America also has favorable reimbursement policies for organ transplant surgeries. These factors earn North America the largest share in the global organ preservation market.
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Asia-Pacific is being considered a promising market of global organ preservation. In China, for instance, there is rigorous public education, increasing awareness of the general population, improvement in medical technology, and favorable government policies towards healthcare. Likewise, in India, there have been rapid advancements in healthcare facilities and infrastructure while also stirring up medical tourism. In Japan, willingness for organ donation has also improved. Other countries have come up with schemes such as paired organ donations with patients from within as well as patients from across other nations and favorable reimbursement plans for patients.
Competitive landscape
Key players of organ preservation market around the globe:
- 21st Century Medicine
- Avionord
- Bridge to Life Limited
- Dr. Franz Kohler Chemie
- EBERS
- Essential Pharmaceuticals
- Global Transplant Solutions
- Organ Preservation Solutions
- OrganOx
- Paragonix Technologies
- Preservation Solutions
- S.AL.F.
- Shanghai Genext Medical Technology
- TransMedics
- Transplant Biomedicals
- Waters Medical Systems
- XVIVO Perfusion
- Other Prominent Players
Segment Analysis
By Solution
- University of Wisconsin
- Custodiol HTK
- Perfadex
- Other Solutions
By Technique
- Static Cold Storage
- Hypothermic Machine Perfusion
- Normothermic Machine Perfusion
By Organ type
- Kidneys
- Liver
- Lungs
- Heart
- Other Organs
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
What is the goal of the report?
-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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