Organ Preservation Market To Witness Rapid Growth Owing To Rising Number Of Organ Transplant Procedures Till 2027 : Grand View Research Inc.,

August 11 07:55 2020
Organ Preservation Market To Witness Rapid Growth Owing To Rising Number Of Organ Transplant Procedures Till 2027 : Grand View Research Inc.,

Grand View Research, Inc. – Market Research And Consulting.
The increasing geriatric population, rising initiatives towards encouraging organ donation, and increasing cases of organ failure across the globe are the key factors driving the growth. Increasing cases of organ failure across the globe and rising number of organ transplantation procedures are the key drivers impacting the growth of the market for organ preservation over the forecast period.

The global organ preservation market is expected to reach at USD 332.8 million by 2027 with a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Advancement in the healthcare infrastructure, growing geriatric population and growing cases of organ failure throughout the globe is likely to supplement the market growth.

Organ transplantation has proved as an effective therapy in the medical science. This is mainly performed on patients with end-stage disease wherein organ quality is based on the preservation techniques. For instance, static cold storage is one of the prominent methods for organ preservation. Although, this been widely used preservation time stands crucial under this method therein a risk of graft dysfunction occurs. Therefore, growing demand for organ transplantation from marginal donors involved organ assessment at particular stages.

Commercially, the rate of organ donation and increase in cases of organ failure in geriatric population is likely to propel the market demand for organ preservation techniques across the healthcare sector. The trend of home care for heart patients has gained momentum throughout the global healthcare market. This enables the patients to fully recover early with less risks. With regards to heart preservation, persufflation (PSF) is a widely used organ preservation technique in heart donor preservation. 

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U.S. organ preservation market size, by solution, 2016 - 2027 (USD Million)

Covid-19 Effect:

The novel coronavirus is the major cause of ongoing pandemic. On this backdrop, the cause of covid infection in organ donor is unknown and hence, extreme caution is advised when performing such transplantion. Factors such as incubation period, epidemiological risk factors, potency of SARS CoV-2 and degree of viraemia in organ compartments, can affect the organ transplantation process. Guidelines have been released by NHSBT that advises all donors to be tested initially for SARS CoV-2. In the event of test being positive for such donors they are to be excluded from further process. This would be highly applicable for patients with asymptomatic SARS CoV-2 condition as stated in the guideline.

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Further findings from the report suggest:

University of Wisconsin (UW) accounts for a significant share in 2019 and continues to retain a dominant position in the field of scientific research. It also offers several solution for graft displacement 

Perfadex segment accounted for a large share in 2019. The solutions are highly viable and potent before reperfusion and transplantation

Kidney transplantation held the largest share in the past few years owing to increase in cases of organ failure and high morbidity. Kidney transplantation procedures have gained a huge momentum and is mainly responsible for a high demand 

North America held a large share in 2019 and is expected to retain a high dominance throughout the forecast period. Presence of morbid population, lifestyle disorders, medical infrastructure, and increase in investments for research is expected to supplement the regional market growth

Global organ preservation market share, by preservation technique, 2019 (%)

 

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Major Players:

TransMedics Inc.;

XVIVO Perfusion;

CryoLife Inc.;

21st Century Medicine;

Bridge to Life Ltd

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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