MarketResearchNest.com adds “Global Organ Preservation Market 2017-2021” new reports to its research database. The report spread across 112 pages with tables and figures in it.
The analysts forecast the global organ preservation market to grow at a CAGR of 9.44% during the period 2017-2021.
The global organ preservation market is a part of the global organ transplantation market. Organ preservation is crucial during the transfer of an organ from one person to another to prevent decay and maintain functionality. The increase in the demand for organ transplantation and increasing awareness about organ donation have increased the need to preserve organs that are donated by donors. The increasing number of accidents that cause brain death has increased the donation of organs.
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Technavio recognizes the following companies as the key players in the global organ preservation market: Baxter, Biolife Solutions, CryoLife, and Dr. Franz Kohler Chemie.
Other Prominent Vendors in the market are: 21st Century Medicine, Anaximandre, Biochefa, Hibernicor, IGL, Lifeblood medical, OPSL, Organ Assist, Organ Recovery Systems, Preservation solutions, Revive Organtech, Transmedics, and Xvivo perfusion.
Commenting on the report, an analyst team said: “One trend in the market is advent of warm perfusion organ preservation systems. Cold storage systems that are used to preserve organs that are removed for transplantation using devices such as hypothermic perfusion systems are being replaced by warm perfusion systems that place organs in an environment that is similar to the body. Warm perfusion organ preservation systems have improved storage time.”
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According to the report, one driver in the market is unhealthy lifestyle and increasing number of accidents causing organ failure. The lifestyle of people has changed drastically over the past decade due to rapid urbanization and a large number of people adopting unhealthy lifestyles. Unhealthy lifestyle affects the health of people has increased the prevalence of organ failures. Unhealthy habits such as smoking, excessive consumption of alcohol, drug abuse, lack of exercise, consumption of fast food, and stress cause organ failures. The most prevalent organ failures are associated with the kidneys, which are the most commonly transplanted organs. Over 700 million people across the world have a chronic kidney disease (CKD).
Further, the report states that one challenge in the market is long waiting time for organ transplantation. The long waiting time for organ transplantation affects the growth of the market. The waiting time increases due to scarcity in donations and the failure of organs due to improper storage and transfer. Though government organizations and organ banks try to mitigate this issue, it is still a significant challenge. Hence, many people are withdrawing from organ transplantation lists. In the US, according to the HSS, 20 people die every day waiting for a transplant. Every 10 minutes, a new member is added to the national organ waiting list. This is also affecting the growth of the market. Creating awareness about organ donation could reduce the waiting time.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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