25-Feb-2020 | Facts and Factors
Facts and Factors have published a new report titled “Organ Preservation Market By Solution (University of Wisconsin (UW), Custodial HTK, Perfadex, & Others), By Organ Type (Kidneys, Liver, Lung, Heart, & Others), By Preservation Method (Static Cold Storage, Hypothermic Machine Perfusion, Normothermic Machine Perfusion, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. According to the report, the global organ preservation market was valued at over USD 201 Million in 2020, and will reach USD 295 Million by 2026, and is expected to reach a CAGR of over 5.9% between 2021 and 2026.
Major factors promoting the growth of the organ preservation market are the increasing geriatric population, growing cases of multiorgan failures, and a rise in the number of organ donors and recipients, and growing initiatives to encourage organ donations. The limitation that the organ preservation market is facing is the high cost and religious concerns faced in some of the regions.
Browse the full “Organ Preservation Market By Solution (University of Wisconsin (UW), Custodial HTK, Perfadex, & Others), By Organ Type (Kidneys, Liver, Lung, Heart, & Others), By Preservation Method (Static Cold Storage, Hypothermic Machine Perfusion, Normothermic Machine Perfusion, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/organ-preservation-market-report
By solution, peradex leads the global market in terms of growth rate.
The main utilization of peradex is for perfusion and preservation of lungs. This has increased its demand for lung storage. Major market shares in the solutions segment were held by UW in 2019. UW solutions are used for the storage and flushing of organs such as the liver, kidneys, and pancreas.
Majority of the market shares in 2019 was held by static cold storage in the technique segment
The demand for organs such as the heart, lungs, kidneys is increasing over the past few years. The static cold storage technique is used for the preservation of the heart, lung, pancreas, liver, and kidneys. The key aspect that has increased the adoption of static cold storage is its global mainstay for kidney allografts preservation worldwide and low cost.
Among organ types, the lungs will witness the highest growth rate during the forecast period.
The rise in cases of COPD, lung cancer, and other disorders has increased the need for lung transplantations. In the coming years, lung disorders are expected to rise significantly owing to the rise in pollution and growing numbers of smokers. Kidney held the majority of the market shares in 2019.
North America dominates the organ preservation market
North America is the top player in the organ preservation market. Primary factors contributing to the market dominance are the availability of better facilities for organ preservation both in terms of technique and investments, increased research and development activities, and the presence of skilled professionals in the region. Other supporting factors are the increasing geriatric population and the rise in the number of chronic disorders.
Key Market Players
The key market participants for the global organ preservation market are XVIVO Perfusion, TransMedics, 21st Century Medicine, CyroLife, Inc., Bridge to Life Ltd., OrganOx, Shanghai Genext Medical Technology, Waters Medical Systems, Preservation Solutions, Transplant Medicals, Organ Assist, Institut Georges Lopez (IGL), Avionord, and EBERS, among others.
The report on global organ preservation market is segmented into:
Global Organ Preservation Market: By Solution Segment Analysis
- University of Wisconsin (UW)
- Custodial HTK
- Perfadex
- Others
Global Organ Preservation Market: By Organ Type Segment Analysis
- Kidneys
- Liver
- Lung
- Heart
- Others
Global Organ Preservation Market: By Preservation Method Segment Analysis
- Static Cold Storage
- Hypothermic Machine Perfusion
- Normothermic Machine Perfusion
- Others
Global Organ Preservation Market: By Regional Segmentation Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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