Human organs are sensitive to the environment outside the human body, and thus, they are kept in organ preservation solutions similar to that of human body fluids. These solutions are used to store and transport the organs. They are composed of proteins, ions, and buffer solutions that help maintain a sustainable environment for organs outside the human body.
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Rising number of organ transplants and organ donors around the world is expected to boost the growth of the global organ preservation solutions market. For instance, as per the Scientific Registry of Transplant Recipients and the Organ Procurement and Transplantation Network, every year, around 30,000 organ transplant procedures are performed in the United States.
Moreover, high prevalence of chronic diseases across the globe is expected to augment growth of the global organ preservation solutions market. For instance, as reported by the American Cancer Society, in 2019, an estimated 1,762,450 new cases of cancer will be diagnosed in the United States and 606,520 people will die from the disease.
High cost of procedure, increasing adoption of stem cell therapies, and the outbreak of COVID-19 (global pandemic) is expected to hamper growth of the global organ preservation solutions market. For instance, the average cost of a kidney transplant in the U.S. is around US$ 89,939.
Growth in the world’s aging population is expected to provide market players with significant growth opportunities over the forecast period. For instance, as per the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.
Moreover, favorable reimbursement policies are expected to propel growth of the global organ preservation solutions market during the forecast period. At present, almost every transplant procedure is covered under an insurance plan, through private insurer or government insurance in Japan, India, the U.K., and the U.S.
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Market Trends/Key Takeaways:
Increasing research and development and frequent launches of novel products are expected to drive growth of the market. For instance, in January 2020, BGF provided US$ 6.05 million to OrganOxm, as the company plans to expand its fully-automated system to keep human donor liver functioning outside the body for up to 24 hours.
Key players active in the global organ preservation solutions market are BioLife Solutions, Teva Pharmaceutical Industries Ltd., XVIVO Perfusion AB, Bristol-Myers Squibb, Lifeline Scientific, ToleroTech, Inc., Preservation Solutions Inc., Claris Injectables Limited, Paragonix Technologies Inc., CryoLife, Inc., BioTime, Inc. 21st Century Medicine, and Dr. Franz Köhler Chemie GmbH, among others.
In February 2020, Paragonix Technologies Inc. received the Food and Drug Administration’s (FDA’s) Pre-Marketing Notification (510(k)) clearance for Donor Lung Preservation System, named LUNGguard, intended to be used for the preservation of lungs during transportation.
◘ Comprehensive research methodology of Global Organ Preservation Solutions Market.
◘ This report also includes detailed and extensive market overview with gap analysis, historical analysis & key analyst insights.
◘ An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
◘ Analysis of regional regulations and other government policies impacting the Global Organ Preservation Solutions Market.
◘ Insights about market determinants which are stimulating the Global Organ Preservation Solutions Market.
◘ Detailed and extensive market segments with regional distribution of forecasted revenues
◘ Extensive profiles and recent developments of market players
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Table of Contents with Major Points:
Global Organ Preservation Solutions Professional Survey Report Report 2022, Forecast to 2028
1 Market Overview Organ Preservation Solutions Definition
1.1 Organ Preservation Solutions Definition
1.2 Organ Preservation Solutions Segment by Type
1.3 Market Analysis by Application
1.4 Global Organ Preservation Solutions Market Comparison by Regions (2022-2028)
1.5 Market Dynamics
1.6 Coronavirus Disease 2019 (Covid-19): Organ Preservation Solutions Industry Impact
2 Global Organ Preservation Solutions Market Competition by Manufacturer
3 Analysis of Organ Preservation Solutions Industry Key Manufacturers
4 Global Organ Preservation Solutions Market Size Categorized by Regions
5 North America Organ Preservation Solutions Market Size Categorized by Countries
6 Europe Organ Preservation Solutions Market Size Categorized by Countries
7 Asia-Pacific Organ Preservation Solutions Market Size Categorized by Countries
8 South America Organ Preservation Solutions Market Size Categorized by Countries
9 Middle East and Africa Organ Preservation Solutions Market Size Categorized by Countries
10 Global Organ Preservation Solutions Market Segment by Type
11 Global Organ Preservation Solutions Market Segment by Application
12 Market Forecast for Organ Preservation Solutions
13 Organ Preservation Solutions Related Market Analysis
14 Research Findings and Conclusion
Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Organ Preservation Solutions Market. To elaborate the concepts more briefly, data is represented through graphical and table format. Requirements of customers are collected by examining the reviews from numerous industry experts.
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