Organ Preservation Solutions Market Size, Share, Growth, And Industry Analysis, By Type (Viaspan, Custodial, siRNA Transplant Solutions, & Others), By Application (Hypothermic Perfusion Preservation (HPP), Static Cold Storage (SCS), & Others), Regional Forecast By 2031

Updated On: 29 April 2024

Organ Preservation Solutions Market Report Overview

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The global organ preservation solutions market size was valued at USD 141.4 million in 2022, as per our research, the market is expected to reach USD 325.41 million by 2031, exhibiting a CAGR expansion of 9.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the Organ Preservation Solutions Market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The organ preservation solutions market came into existence because there is a rise in the number of organ failure incidences in the world. Sometimes, there is a time lag between the donors donating their organs and someone in need of it. In the meantime, it has to be preserved carefully and for this purpose, organ preservation solutions are being utilized in the healthcare sector. The organ preservation solutions market was affected by the pandemic but post-pandemic there has been an increase in its demand.

Recently, the market has attracted several new consumers. There has been an increase in demand for organ donation due to increasing organ failures of the rising population. Organ preservation solutions are useful to preserve organs for a longer duration. The organ preservation solution enables better transplant of the organs. There are different types of organ preservations solutions and the availability of alternatives in the market influences their demand in the global market. 

COVID-19 Impact: Market Growth was Restrained Due Restrictions on Medical Tourism During the Pandemic

There was not a single sector that was unaffected by COVID-19. The Organ Preservation Solutions Market was disturbed as well. The COVID-19 pandemic did affect the production process of Organ Preservation Solution. Everyone rushed to their homes and there was a restrictions laid by the government which did not allowed medical tourisms. As a consequence, there was a fall in demand as well during the pandemic. 

Latest Trends

"Increase in Organ Donation Campaigns have Spread Awareness among the People"

The organ preservation solutions market is as dynamic as any other market. In the market, there is everyday development to add more benefits to it. Recently, there is an increase in organ donation campaigns that have been extremely beneficial for the people who are in need of organs. These campaigns spread awareness among people. Along with awareness, these campaigns have attracted more investments in the market as well. 

Organ Preservation Solutions Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into viaspan, custodial, siRNA transplant solutions, & others.

In terms of services, custodial is the largest segment, as it holds the maximum share of the market.

• By Application Analysis

Based on application, the market can be divided into hypothermic perfusion preservation (HPP), static cold storage (SCS), & others.

Driving Factors

"The Rising Number of Cases of Multiple Organ Failures has Increased the demand in the Market "

The Organ Preservation Solutions Market has witnessed massive growth because of several factors but the prime factor promoting the Organ Preservation Solutions Market growth involves the rising number of cases of multiple organ failures of patients all over the world. There has been an increase in the number of transplants over the years and this is why there is more demand for Organ Preservation Solutions. The increasing geriatric population influences the demand in the market. 

"The Increase in Investment in Healthcare Sector Influences the Demand in the market"

Developing nations are focusing on the welfare of their population. After the world has seen the pandemic from individuals to nations, everyone has prioritized their health and hence there is an increase in investments in the healthcare sector. This has led to an increase in the adoption of Organ Preservation Solutions as well. This is because the prime consumers of organ preservation solutions are the healthcare sector. This has laid beneficiary effects on the demand for Organ Preservation Solutions. Organ Preservation Solutions are easily available in the market and are economical as well and this has led to a positive impact on the Organ Preservation Solutions Market growth. 

Restraining Factors

"The heavy Cost of Organ Transplantation has led to a Declining Trend in the market"

It is quite a known fact that the Organ Preservation Solutions market is mainly used in organ transplant procedures. But these transplants are not an economical alternative one goes for. After long procedures, one has to pay a heavy amount to the surgeons performing the transplant, then intense care has to be taken of the patient which again adds to the cost. The fact that one has to spend so much on this process of transplant and still there are risks in the transplant one restrains himself from taking up the decision of transplant. As a consequence, there will be a declining trend in the Organ Preservation Solutions market. 

Organ Preservation Solutions Market Regional Insights

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"North-America Region Dominates the Market Due to the Increasing Number of Chronic Disease Cases"

The Asia-Pacific region holds the dominant Organ Preservation Solutions Market share in the global market. This is because of various factors. One of the primary factors is the increasing number of chronic disease cases in this region.  In this region, several developing economies are focusing on the healthcare sector. The preservation that it provides also encourages investments in the Organ Preservation Solutions market in this region. The viability protection of the organs is done by organ preservation solutions and hence there is more demand for it in this region. 

Key Industry Players

"KEY PLAYERS FOCUS ON INNOVATIONS AND COLLABORATIONS "

The key players have noted the significance of organ preservation solutions in the transplant procedure and therefore they have started working on the development of an Organ Preservation Solution that can be made easily in different ways. The key players have understood that the advancements in Organ Preservation Solution will help them in earning more revenue and hence they work the innovations along with collaborations to produce high-purity copper powder on a large scale.    

List of Market Players Profiled

• Dr. Franz Köhler Chemie
• Teva Pharmaceutical Industries Ltd.
• Lifeline Scientific
• Bristol-Myers Squibb
• BioLife Solutions, Inc.
• XVIVO Perfusion AB
• ToleroTech, Inc
• CryoLife, Inc.
• Claris Lifesciences Limited
• BioTime, Inc.
• 21st Century Medicine

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.