Global Organ Preservation Market will reach USD 262.06 Million by 2022: Zion Market Research
Sarasota, FL, April 06, 2017 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Organ preservation Market By Technique (Static Cold Storage, Hypothermic Perfusion Preservation And Other Techniques), By Preservation Solution (Viaspan, Custodiol HTK, Renograf, Perfadex, Human Biosystem (HBS) Solution, Lifor and Others) For Kidney, Lung, Liver, Heart And Other Organs: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global Organ Preservation Market accounted for USD 163.32 million in 2016 and is expected to reach USD 262.06 million by 2022, growing at a CAGR of around 8.2% between 2017 and 2022.
Organ preservation is the supply line for organ transplantation. Organ preservation is utilized to maintain organs’ quality before transplantation as these organs are powerless in outside atmosphere and ended up broken once taken out from the human body. Organ preservation plays a key role in efforts to overcome the shortage of organ donors while addressing changing demographics of the donor pool by making organs viable for transplantation that was previously not utilized.
Browse through 45 Market Tables and 65 Figures spread through 110 Pages and in-depth TOC on “Global Organ preservation Market by Technique, Solutions & Forecast – 2022”.
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The major drivers for organ preservation market include rising solid organ transplantation procedures. In addition, increasing geriatric population globally coupled with rising multi-organ breakdown cases is also expected to boost this market in coming five years. Furthermore, increasing government initiatives to promote organ donation will also fuel the growth in this market. However, the high cost of purchase and limited scope at the level of end users are expected to hamper the market growth in coming five years. In spite of these restrains, research and development in the organ preservation market are expected to be an opportunity for this market in the forecast period.
In technique segment of global preservation market, hypothermic perfusion preservation (HPP) is expected to witness a significant growth in coming five years because the static cold storage method is constrained by restrictive cold ischemia times that vary according to the type of organ (e.g. 24 hours for kidney, 12–15 hours for liver, a max of 8 hours for lung and <6 hours for heart) but these constraints have been eased significantly by the alternative approach to hypothermic preservation involving machine perfusion.
Browse the full “Organ preservation Market By Technique (Static Cold Storage, Hypothermic Perfusion Preservation And Other Techniques), By Preservation Solution (Viaspan, Custodiol HTK, Renograf, Perfadex, Human Biosystem (HBS) Solution, Lifor and Others) For Kidney, Lung, Liver, Heart And Other Organs: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022 ” report at https://www.zionmarketresearch.com/report/organ-preservation-market
On the basis of the organ type global organ preservation market is segmented into kidneys, lung, liver, heart and other organs. Preservation of kidney accounted for the largest market share in 2016 owing to the increasing aging population coupled with increasing prevalence of kidney failures. As per the National kidney foundation, more than 80% of all patients who receive treatment for kidney failure are in affluent countries with universal access to health care and large elderly populations.
North America accounted for the largest market share of global organ preservation market in 2016 and expected to continue the same in coming five years. In North America, U.S. is expected to gain the largest market share for organ preservatives. Major growth factors are increasing incidences of kidney failure and favorable reimbursements scenario within some provinces in Canada and technological advancements for organ preservation. In addition, increasing number of patients waiting for organ transplant also fuel the growth in this market.
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Europe is expected to capture the second leading position within the forecast period owing to the technological advancements related to organ preservation. The Europe market for organ preservation solutions is estimated to witness a significant growth in the coming five years. In addition, the increasing number of organ donors and the policy of being an organ donor after death are some of the factors estimated to boost the growth in this market in coming five years.
Asia Pacific is expected to one of the lucrative markets for organ preservation within the forecast period. The growth in this region is expected to attribute by the highest growth in these regions can be attributed to the new regulatory framework in China. In addition, high disposable income and increasing population are also expected to supplement the growth of this market in coming five years.
Latin America and Middle East & Africa are expected to show a positive growth in this market within the forecast period. In Latin America, the Major contribution is expected by Brazil due to increase in the number of effective deceased donors and living donors per year for the next five years.
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The report presents comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include BioLife Solutions, Inc., BioTime, Inc., Claris Lifesciences Limited, CryoLife, Inc., Bristol-Myers Squibb, Lifeline Scientific, Dr. Franz Köhler Chemie GmbH, Teva Pharmaceutical Industries Ltd., Preservation Solutions, Inc., ToleroTech, Inc., among others.
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This report segments the Organ Preservation Market as follows:
Global Organ Preservation Market: Technique Segment Analysis
- Static Cold Storage (SCS)
- Hypothermic Perfusion Preservation (HPP)
- Others
Global Organ Preservation Market: Preservation solution Segment Analysis
- Viaspan
- Custodiol HTK – (Histidine-Tryptophan-Ketoglutarate) Solution
- Renograf
- Perfadex
- Human bioSystem (HBS) Solution
- Lifor
- Others
Global Organ Preservation Market: Organ Type Segment Analysis
- Kidneys
- Lung
- Liver
- Heart
- Others
Global Organ Preservation Market: Regional Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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