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Organ Preservation Market According to reports published by Market Research Future, the global market was previously valued at USD 160 million in 2016, and now it is expected to reach at higher valuation at a CAGR of 8% by 2023.

Market Overview

The Organ Preservation Market is rising substantially owing to the swelling number of opportunities from a strategic partnership with the medical institution and research organizations for the preservation of organ.

Organ preservation is referred as the supply chain for organ transplantation which is utilized to maintain the quality of organ before it is transplanted as these organs are powerless when exposed to atmosphere and ends when taken out from the human body. Organ preservation plays an essential role in efforts to overcome the shortage of organ donor.

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The global organ preservation market is garnering at present owing to the improvement of general preservation of organs, which is attributed to the advancements on technology, expanding government initiatives and activities and advanced organ donation. All these factors are consistently rising the global organ preservation market, which will flourish during the forecast period.

Market Players

The key players contributing to the evolution of global organ preservation market are listed as Bristol-Myers Squibb, Xvivo Perfusion AB, Essential Pharmaceuticals LLC, Franz Kohler Chemie GmbH, BioLife Solutions, Inc., Bristol-Myers Squibb, Claris Lifesciences Limited, Lifeline Scientific, ToleroTech, Inc., 21st Century Medicine, CryoLife, Inc.

Apart from this another factor such a rising number of robust organ transplant methods, as well as rising multi-organ failure cases in aging population, have eventually helped the global organ preservation market to grow at a steady pace. in support of the factors, it has been predicted that in the coming years, the organ preservation market is predicted to offer the most excellent offer of the overall organ preservation market

Market Segmentation

The global organ preservation market has been segmented by preservation solution, organ type, the technique of preservation, and end-user.

In terms of preservation solution, the market is segmented into perfadex, University of Wisconsin (UW) solution, custodiol HTK, celsior solution, citrate solutions, and Collins solution.

In terms of organ type, the market is segmented into liver, kidney, heart, lungs, and others.

In terms of the technique of preservation, the market is segmented into static cold storage, and dynamic cold storage. Further, the dynamic cold storage is segmented into hypothermic machine perfusion, normothermic machine perfusion, and oxygen persufflation.

In terms of end-user, the market is segmented by organ banks, hospitals and clinics, and others.

On the flip side, factor such as the high cost of the transplantation process is most likely to restrict the growth of the market amid the assessment period.

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Regional Outlook

Regionally, the global organ transplantation market has covered the main regions of the Americas, Europe, Asia Pacific, and the Middle East and Africa.

Among these, the Americas is expected to grab the largest market share for organ preservation market owing to the swelling incidence of cardiovascular diseases coupled with rising elder population, which is leading to organ failures. This is likely to enhance the growth of organ preservation factors such as swelling government initiatives and reimbursement policies in advanced medical treatment options and mounting demand for technologically advances.

In support of this, according to the American Heart Association, in 2014, around 31% of the deaths in the U.S. were recorded owing to cardiovascular disorders. As per the National Chronic Kidney Disease report, 2017, chronic kidney diseases are communal among adults in the U.S. and 30 million people, or 15% of the U.S. adults are expected to suffer chronic kidney disease. Such a mounting rate of cardiovascular disorders and renal disorders is expected to have a direct effect on organ preservation as it surges the demand for organ transplantation.

Europe is the second largest market and has grabbed a healthy share in the global organ preservation market. The European market is probable to cultivate at a sturdy growth rate owing to the accessibility of advanced treatment facilities, and healthcare expenditure, and rising cases of alcoholic fatty liver disease, which can further lead to liver failure. Furthermore, the swelling prevalence of cardiovascular disorders, renal disorders along with mounting elderly population that would eventually surge the organ failure patient population is going to complement the growth of organ preservation market during the forecast period.

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The Asia Pacific is expected to be the fastest growing market owing to the increasing prevalence of chronic diseases. China is expected to be the reckless growing country due to swelling population and raising awareness about the health and availability of new treatment methods. Besides, the rising healthcare expenditure and rise in the standard of living in the region is supplementing the growth of organ preservation market.

Whereas, the Middle East & Africa is likely to illustrate the least growth in the market owing to some significant factors such as lack of awareness, limited access, and unaffordability of treatment facilities in middle-income countries.

LIST OF TABLES

Table 1 Organ Preservation Industry Synopsis, 2018–2023

Table 2 Global Organ Preservation Market Estimates And Forecast, 2018–2023, (USD Million)

Table 3 Global Organ Preservation Market, By Region, 2018–2023, (USD Million)

Table 5 Global Organ Preservation Market, By Preservation Solution, 2018–2023, (USD Million)

Table 5 Global Organ Preservation Market, By Preservation Technique, 2018–2023, (USD Million)

Table 6 Global Organ Preservation Market, By Organ Type, 2018–2023, (USD Million)

Table 7 Global Organ Preservation Market, By End-User, 2018–2023, (USD Million)

…To be Continued.

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