About Organ Preservation
Organ preservation is done for different purposes mainly for organ transplants, organ studies, and medical institutes. The organ preservation helps many people to acquire the new organ if any damage found in their own body. The organ preservation is one of the complicated processes it required a very high technical professional to handle the process. The organ preservation solution is an essential part of organ preservation without it the process is incomplete. The different organs preserved are as follows Kidneys, Liver, Lung, and Heart, Others (Intestine & Pancreas).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.8% |
The organ donation cases are frequently increasing their demand in the market resulting in increased demand for organ preservation process and equipment. The top leading firms in the market are launching their products which are approved by the US FDA for its further use in the market. There are also mergers and acquisitions which are changing the business equation in the market. There is strong competition between top leading companies to catch the market for a long duration. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Organ Preservation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Preservation solutions (United States), Carnamedica (Poland), Transplant biomedicals (Spain), Institut Georges Lopez (France, Transmedics, Inc (United States), Organox Limited (United Kingdom), 21st Century Medicine (United States), Shanghai Genext Medical Technology (China), Bridge to life-limited (United States) and Waters medical systems (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Global transplant solutions (United States), Ebers Medical Technology (Spain), S.A.L.F Laboratorio farmacologico (Italy), Paragonix technologies (United States), XVIVO Perfusion (Sweden), Dr. Franz Kohler Chemie GMBH (Germany) and Essential pharmaceuticals (United States).
Segmentation Overview
AMA Research has segmented the market of Global Organ Preservation market by Type (Kidneys, Liver, Lung, Heart and Others (Intestine & Pancreas)), Application (Medical Research, Hospital and Organ Transplantation) and Region.
On the basis of geography, the market of Organ Preservation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organism, the sub-segment i.e. Human will boost the Organ Preservation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. University of Wisconsin (UW) will boost the Organ Preservation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Transplantation Of Liver As 75% Of People Undergo Liver
Market Growth Drivers:
Increasing Awareness For Organ Transplant and Increasing Organ Donation
Challenges:
High Cost Associated With Process and Highly Specialised And Trained Professionals Are Required
Restraints:
Organ Can Only be Preserved For Certain Time Limit
Opportunities:
Famous Personalities Organ And Bodies Are Preserved In Museums And Monuments and Growing Awareness Of Organ Preservation By Various Social Organization For Further Applications
Market Leaders and their expansionary development strategies
On 23rd August 2019, Lung Bioengineering Inc., a subsidiary of United Therapeutics Corporation has acquired XVIVO Perfusion System (XPS) with a Steen solution. The goal of the new organization is to decrease the shortage of transplantable lungs through the use of a centralized organ analyzing service.
On 16th January 2020, FDA cleared Paragonix Technologies; LUNGguard for donor lung preservation. The Company announced the successful clearance of Pre-marketing notification by US FDA for its Donor Lung Preservation.
The US FDA working to grow the organ transplantation and survival of chances of preserved organs. The US FDA is all set to support the development of new technologies that will increase the rate of organ transplantation and will help the welfare to live a more healthy life .
Key Target Audience
Hospitals and clinics, Research firms, Clinical trial centers, Manufacturers, Government Bodies, Research Organizations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.