Organ Preservation Solutions Market Trends, Analysis and Forecasts, 2020 – 2030
Increasing incidences of organ failure, rising awareness regarding organ donation, and advancement in medical technology associated with organ transplantation are the primary factors driving the growth of the global organ preservation solution market. The organ preservation solutions are used to preserve the organs post donation till transplant. The organ preservation solutions prevent swelling of organ cells during cold ischemic storage with the help of impermeant agents such as lactobionic acid, raffinose, and hydroxyethyl starch. The demand for kidney transplant has increased significantly in the past decade and is the key application of organ preservation solutions. According to statistics published by the Health Resources & Services Administration, 23,401 kidney transplants were performed in 2019 in the United States alone. Additionally, increasing awareness regarding organ donation across the globe is anticipated to increase the annual transplant procedures, thereby fueling the demand for organ preservation solution market during the forecast period.
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North America contributed the largest share to the global organ preservation solutions market in 2019 and is anticipated to be a dominating geography during the forecast period owing to increasing number of organ donors and growth in the organ transplantation. In the United States, the patients expecting organ transplant accounted for 112,568 in 2019 as per the statistics published by the Health Resources & Services Administration. The waiting list has witnessed a decline since 2013 and is anticipated to decline further owing to increasing number of active donors in the country. The demand for organ preservation solution is expected to grow in coming years owing to increasing number of organ transplant procedure. Asia Pacific is expected to be a lucrative market in coming years owing to increasing awareness about organ donation, growth of organ failure due to chronic disorders, and developing healthcare infrastructure.
The global organ preservation solutions market is segmented based on solution type, preservation technique, organ type, and geography. Based on solution type, the global organ preservation solutions market is segmented into University of Wisconsin (UW), custodial HTK, Perfadex, and others. Based on preservation technique, the global organ preservation solutions market is segmented into static cold storage, hypothermic machine perfusion, and normothermic machine perfusion. Based on organ type, the global organ preservation solutions market is segmented into kidneys, liver, lung, heart, and others. Based on geography, the global organ preservation solutions market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on organ preservation solutions. Further, market share of prominent companies in the global organ preservation solutions market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the organ preservation solutions companies.
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The global organ preservation solutions market study would take into consideration the participants engaged throughout the value chain and supply chain of the market, along with their contribution. Product portfolio would focus on all the products under the organ preservation solutions business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global organ preservation solutions market.
Major players active in the global organ preservation solutions market include 21st Century Medicine, Accord Healthcare, BioLife Solutions, Inc., Bridge to Life Ltd., Bristol-Myers Squibb Company, Dr. Franz Köhler Chemie GmbH, OrganOx Limited, Teva Pharmaceutical Industries Ltd, and XVIVO Perfusion AB.