Organ Preservation Market Size, Share, Growth Analysis, By Solutions, By Technique, By Organ Type, By End User, By Region - Industry Forecast 2024-2031
Global Organ Preservation Market size was valued at USD 230.89 million in 2022 and is poised to grow from USD 246.64 million in 2023 to USD 410.24 million by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).
The market for organ transplantation is poised for significant growth due to several interrelated factors including the global surge in organ failure cases, robust organ donation initiatives, an ageing population, and the advocacy of influential leaders in both developed and developing nations. Key drivers of this demand include the increasing number of organ transplant surgeries globally and the rising incidence of multiple organ failures. Awareness initiatives worldwide are expected to further enhance market dynamics. Notably, cardiovascular diseases (CVD) remain the predominant cause of mortality, affecting approximately 92.1 million individuals in the U.S., urging a greater need for heart transplants. Additionally, the escalating prevalence of chronic renal diseases is anticipated to drive an uptick in kidney transplants, contributing to overall market expansion in the coming years.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Organ Preservation market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Organ Preservation Market Segmental Analysis
Global Organ Preservation Market is segmented by Solution, Technique, Organ Type, End User and Region. Based on Solution, the market is segmented into University of Wisconsin Solution (UW Solution), Custodial HTK, Perfadex, and Other Solutions. Based on Technique, the market is segmented into Static Cold Storage, Hypothermic Machine Perfusion, and Normothermic Machine Perfusion. Based on Organ Type, the market is segmented into Kidney, Liver, Lung, Heart, Pancreas, and Others. Based on End User, the market is segmented into automotive, consumer electronics, healthcare, agriculture, manufacturing, and others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Organ Preservation Market
The global organ preservation market is significantly influenced by the rising demand for organ transplants, driven by the growing incidence of chronic illnesses like liver and kidney failure. As the number of transplant procedures continues to rise, the necessity for effective organ preservation techniques becomes paramount. This demand is further fueled by the medical community's commitment to ensuring the quality of organs and optimizing outcomes for various transplantation procedures. Consequently, advancements in organ preservation methods are essential to accommodate the increasing need for transplants, highlighting the critical role they play in addressing healthcare challenges associated with organ failure.
Restraints in the Global Organ Preservation Market
The Global Organ Preservation market faces significant constraints due to stringent regulatory requirements. The industry is heavily regulated, and any introduction of new preservation solutions or technologies requires extensive clinical trials and lengthy approval processes. These rigorous standards can hinder the pace of innovation and the development of new products. As a result, they may deter emerging companies from pursuing advancements in organ preservation strategies. The challenges associated with navigating these regulatory hurdles can stifle creativity and limit the introduction of potentially beneficial solutions, ultimately affecting the overall growth and evolution of the organ preservation sector.
Market Trends of the Global Organ Preservation Market
The Global Organ Preservation market is witnessing a significant trend towards the adoption of machine perfusion technology, which significantly improves organ storage practices by providing a steady supply of oxygen and nutrients. This advanced preservation method not only enhances the viability and function of organs post-transplant but also contributes to better patient outcomes, thereby driving the demand for innovative preservation solutions. As the need for transplant surgeries continues to surge globally, the market is shifting towards more sophisticated technologies that promise increased efficiency and profitability, paving the way for future advancements in organ preservation methods and expanding the overall market potential.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technological Advancement
Regulatory Landscape
Case Studies
Global Organ Preservation Market Size by Solution & CAGR (2024-2031)
University of Wisconsin Solution (UW Solution)
Custodial HTK
Perfadex
Other Solutions
Global Organ Preservation Market Size by Technique & CAGR (2024-2031)
Static Cold Storage
Hypothermic Machine Perfusion
Normothermic Machine Perfusion
Global Organ Preservation Market Size by Organ Type & CAGR (2024-2031)
Kidney
Liver
Lung
Heart
Pancreas
Others
Global Organ Preservation Market Size by End User & CAGR (2024-2031)
Organ Transplant Centers
Hospitals
Specialty Clinics
Global Organ Preservation Market Size by Region & CAGR (2024-2031)
North America (Solution, Technique, Organ Type, End User)
US
Canada
Europe (Solution, Technique, Organ Type, End User)
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific (Solution, Technique, Organ Type, End User)
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America (Solution, Technique, Organ Type, End User)
Brazil
Rest of Latin America
Middle East & Africa (Solution, Technique, Organ Type, End User)