Dublin, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The "Organ Preservation Solution Market Forecast to 2028 - Global Analysis By Type , Application, Organ Type, and End User" report has been added to ResearchAndMarkets.com's offering.
The organ preservation solutions market is on a trajectory of substantial growth, with the market valued at US$ 255,917.42 million in 2022 and expected to reach US$ 399,497.49 million, projecting a robust compound annual growth rate (CAGR) of 7.8% from 2023 to 2028.
Organ preservation solutions play a pivotal role in safeguarding organs before transplantation, as organs outside the human body tend to deteriorate quickly. These solutions are critical for maintaining organ viability for future transplantation and research purposes. The market's growth is driven by the increasing interest in organ transplantation procedures worldwide and the development of advanced techniques for organ preservation.
Companies Mentioned
- Waters Medical Systems LLC
- XVIVO Perfusion
- TransMedics
- OrganOx Limited
- Paragonix Technologies, Inc
- Dr. Franz Koehler Chemie GmbH
- Accord Healthcare
- 21ST CENTURY MEDICINE
- Shanghai Genext Pharmaceutical Technology
- Bridge to Life Ltd
- Perfusion Solutions, Inc.
- Lifeline Scientific Inc.
Key Growth Drivers:
- Global Interest in Organ Transplantation: Rising global interest in organ transplantation procedures is a significant driver of organ preservation solution market growth. These solutions are essential for preserving organs and ensuring their suitability for transplantation and research.
- Supportive Initiatives in Emerging Regions: Emerging regions like Asia Pacific, the Middle East & Africa, and Latin America are witnessing substantial growth in the biotechnology and pharmaceutical sectors. Governments in these regions are actively supporting initiatives, funding programs, and conferences related to organ preservation solutions. This support is boosting market growth.
- Economic and Demographic Development: Economic and demographic development, increased healthcare expenditures, and improved public-private healthcare funding are contributing to market growth. China, for example, has seen significant progress in organ donation programs and has a large pool of potential donors.
- Rapid R&D Activities: The pharmaceutical and biotechnology sectors are experiencing rapid growth in research and development activities. This includes substantial investments in R&D by pharmaceutical companies, further propelling the demand for organ preservation solutions.
Market Segmentation:
The organ preservation solution market is segmented by type, including University of Wisconsin solution (UW), Custodiol HTKs, perfadix, hyperthermosol, and others. In 2022, the University of Wisconsin solution (UW) segment held the largest market share. However, the hyperthermosol segment is expected to exhibit the highest CAGR in the coming years, driven by the increasing number of cardiovascular surgeries, liver transplants, and kidney transplants.
The University of Wisconsin solution segment is experiencing growth due to its widespread use and multiple benefits, such as enabling the preservation of human liver transplants for extended periods and safe organ transfer over long distances. This solution is primarily employed for liver preservation and enhances the success rate of liver transplantation. It is also widely used for abdominal organ preservation.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 211 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $255917.42 Million |
| Forecasted Market Value (USD) by 2028 | $399497.49 Million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Organ Preservation Solution Market - Key Takeaways
3. Research Methodology
4. Organ Preservation Solution Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific - PEST Analysis
4.2.4 Middle East and Africa (MEA) - PEST Analysis
4.2.5 South and Central America (SCAM) - PEST Analysis
4.3 Expert Opinions
5. Organ Preservation Solution Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Need for Organ Transplantation
5.1.2 Increasing Prevalence of Chronic Diseases Leading to Kidney Failure
5.1.3 Rising Geriatric Population
5.2 Market Restraints
5.2.1 Expensive Organ Transplant Surgeries
5.2.2 Limited Number of Donors for Organ Transplant Surgeries
5.3 Market Opportunities
5.3.1 Rising Prevalence of Cardiovascular Diseases (CVDs)
5.4 Future Trends
5.4.1 Growth Opportunities in Emerging Nations
5.5 Impact Analysis
6. Organ Preservation Solution Market - Global Analysis
7. Global Organ Preservation Solution Market - Revenue and Forecast to 2028 - by Type
8. Global Organ Preservation Solution Market - Revenue and Forecast to 2028 - by Application
9. Global Organ Preservation Solution Market - Revenue and Forecast to 2028 - by Organ Type
10. Global Organ Preservation Solution Market - Revenue and Forecast to 2028 - by End User
11. Organ Preservation Solution Market - Revenue and Forecast to 2028 - Geographic Analysis
12. Impact of COVID-19 Pandemic on Organ Preservation Solution Market
13. Global Organ Preservation Solution Market-Industry Landscape
14. Company Profiles
15. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/sl4ck4
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