Market Research Report
Global Organ Preservation Market 2022-2028
|Global Organ Preservation Market 2022-2028|
Published: April 18, 2022
Orion Market Research Pvt Ltd
Content info: 105 Pages
Delivery time: 2-3 business days
Global Organ Preservation
Market Size, Share & Trends Analysis Report, by Technique (Static Cold Storage (SCS) and Dynamic Cold Storage (DCS)), by Organ Type (Kidney, Liver, Lung, Heart, Other Organs) Forecast (2022-2028).
The global organ preservation market is anticipated to grow at a substantial CAGR of 7.2% during the forecast period. Organ preservation techniques maintain organ functionality for reuse in another human body through surgical procedures. Furthermore, rising awareness of organ transplants will further boost the growth of the organ preservation industry. However, the risk of organ failure in aged people and the lack of organ donors act as a barrier to the growth of the market. Additionally, the development of robotic surgeries and technological advancement in organ preservative technology will emphasize the growth of organ preservation solutions in near future.
The global organ preservation market is segmented based on technique and organ type. Based on technique, the market is further diversified into static cold storage (SCS) and dynamic cold storage (DCS). Based on the organ type, the market is bifurcated into the kidney, liver, lung, heart, and other organs. Kidney preservation is expected to hold the major market share and the technique that is highly used to preserve kidneys is static cold storage (SCS). The kidney is stored on ice after removal from the donor and then removed from the icebox at the time of implantation.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a prominent position in the global organ preservation market growth. The market growth is attributed to the supportive government funding programs and initiatives in the region promoting organ transplants. For instance, according to the US Department of Health & Human Services, 40,000+ transplants were performed in 2021.
The major companies serving the global organ preservation market include: BioLife Solutions Inc., Essential Pharmaceuticals, LLC, Lineage Cell Therapeutics, Inc., Paragonix Technologies, Inc., and Waters Medical Systems, LLC. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
The market study of the global pharmaceutical filtration market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.