Organ preservation plays a crucial role in transplant medicine. Its applications include storing organs before transplantation to maintain viability and transporting them to distant locations. Preservation solutions offer a balanced mix of electrolytes, nutrients, and antioxidants to protect organs during storage. Hypothermic perfusion and cold storage methods maintain organs at low temperatures, slowing metabolism and preserving their functionality. These technologies ensure the successful transplantation of organs, saving countless lives and improving patient outcomes in critical healthcare scenarios.
According to Data Bridge Market Research, the Global Organ Preservation Market is expected to grow with a CAGR of 7.98% in the forecast period of 2022 to 2029.
“Rapid growth of the geriatric population boosts the market’s growth”
The rapid growth of the geriatric population has fueled significant expansion in the organ preservation market. As the elderly population increases, so does the demand for organ transplantation and related medical procedures. Organ preservation technologies, such as cold storage and hypothermic perfusion, play a crucial role in maintaining organ viability during transport and storage. The rising need for these technologies to meet the organ transplant requirements of aging patients drives the market's growth, fostering advancements in organ preservation techniques and solutions.
What restraints the growth of the global organ preservation market?
“Religious concerns in certain geographies restraints the market’s growth”
Religious concerns in certain geographies can restrain the organ preservation market's growth. Some religious beliefs may oppose organ donation or transplantation, leading to lower rates of organ availability and acceptance within those communities. This can create challenges in increasing organ donation and transplantation rates in regions where religious beliefs strongly influence individual decisions. Addressing these concerns through education, awareness campaigns, and respectful engagement with religious communities is essential to overcome this restraint and promote ethical and lifesaving organ preservation practices.
Segmentation: Global Organ Preservation Market
The global organ preservation market is segmented on the basis of preservation solution, technique, organ type, donation type, and end user.
- On the basis of preservation solution, the organ preservation market is segmented into citrate, collins, viaspan, renograf, University of Wisconsin (UW) solution, custodial histidine-tryptophan-ketoglutarate (HTK), perfadex, hypothermosol, human bioSystem (HBS) solution, lifor, sirna transport solution and others.
- On the basis of technique, the organ preservation market is segmented into static cold storage (SCS), hypothermic machine perfusion, and normothermic machine perfusion.
- On the basis of organ type, the organ preservation market is segmented into kidneys, liver, lung, heart, and others.
- On the basis of donation type, the organ preservation market is segmented into living organ donation and deceased organ donation.
- On the basis of organ preservation market has also been segmented into organ banks, hospitals and clinics, and others.
Regional Insights: Asia-Pacific dominates the Global Organ Preservation Market
Asia-Pacific dominates the market due to the substantial volume of organs being donated and the favorable regulations set by authorities to enhance organ transplantation procedures. These factors create a conducive environment for increasing the availability of organs for transplantation, fostering advancements in organ preservation techniques, and driving the overall market expansion in the region.
North America, on the other hand, is expected to show a rapid and lucrative growth rate in the forecast period due to a high volume of organ transplants and substantial advancements in technology for performing these procedures. This favorable combination creates a conducive environment for the adoption of innovative organ preservation techniques, leading to the overall expansion and development of the market in the region.
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The Prominent Key Players Operating in the Global Organ Preservation Market Include:
- PARAGONIX TECHNOLOGIES INC. (U.S.)
- 21st Century Medicine (U.S.)
- ESSENTIAL PHARMACEUTICALS LLC (U.S.)
- Lifeline Scientific (U.S.)
- Dr. Franz Köhler Chemie GmbH (Germany)
- OrganOx® Limited (U.K.)
- Transmedics (U.S.)
- Preservation Solutions Inc (U.S.)
- OrganOx Limited (U.K.)
- XVIVO (Sweden)
- TransMedics (U.S.)
- Waters Medical Systems LLC (U.S.)
- Bridge to Life Ltd. (U.K.)
- Organ Recovery Systems (U.S.)
- BioLifeSolutions (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global organ preservation market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Organ Preservation Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
