Healthcare & Pharmaceutical

Organ Preservation Solutions Market Segmentation by Solution Type (Custodiol HTK, Perfadex, Lifor, Viaspan, HBS Solution, Renograf, UW Solution, HTK Solution, Celsior Solution, and Others); by Technique (Static Cold Storage Technique, Dynamic Cold Storage, Hypothermic Machine Perfusion, Normothermic Machine Perfusion, and Oxygen Persufflation); by Organ Type (Kidney, Heart, Lungs, Liver, and Others); and by End-User (Hospitals & Clinics, Organ Banks, and Others) – Global Demand Analysis and Op

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Report ID: 2945 | Published On: Feb 01, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


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Organ Preservation Solutions Market Highlights 2020-2029

The organ preservation solutions market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The market is growing on account of the increasing incidences of multiple organ failure globally. Additionally, the market’s growth can also be attributed to factors such as the increasing geriatric population, growing demand for organ transplant, developing healthcare infrastructure, and others. According to the data collected from the Health Resources & Service Administration (HRSA) and the U.S. Department of Health and Human Services, each day 17 people in the United States die waiting for an organ transplant. Additionally, it has further been reported that nearly 39,000 transplantations were performed in the country in 2020.

Organ Preservation Solutions Market

The market is segmented based on solution type into custodiol HTK, perfadex, lifor, viaspan, HBS solution, renograf, UW solution, celsior solution, and others, out of which the UW solution segment is anticipated to grab the largest share by the end of 2029 on account of its increasing use in the preservation of kidneys, liver, and pancreas. Although various preservation solutions have been developed so far, the UW solution still remains the gold standard for the storage of various abdominal organs, which is also projected to contribute to the growth of the segment during the forecast period.

On the basis of technique, the static cold storage technique segment in the global organ preservation solutions market is expected to capture a larger share by the end of 2021. Moreover, the hypothermic machine perfusion technique is projected to grow with a significant CAGR over the forecast period. The market segment’s growth can be primarily attributed to the fact that hypothermic machine perfusion is a widely used technique for kidney storage/preservation. In addition to this, the hypothermic machine perfusion technique is capable of preserving an organ for a longer duration, which is further anticipated to fuel their demand in the upcoming years. 

On the basis of organ type, the market has been segmented into kidney, heart, lungs, liver, and others, out of which the kidney segment is expected to capture the larger share on account of the growing incidences of kidney failure worldwide. CLICK TO DOWNLOAD SAMPLE REPORT


Organ Preservation Solutions Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific organ preservation solutions market is predicted to be the fastest-growing market over the forecast period owing to the increasing prevalence of chronic diseases and rising awareness among people regarding the availability of new treatment methods. Furthermore, the market in North America is projected to capture the largest share in terms of revenue during the forecast period, owing to the rising prevalence of cardiovascular diseases in the elderly population leading to organ failures. In addition, the presence of a robust healthcare infrastructure accompanied by increasing government initiatives and reimbursement policies is also expected to enhance the growth of organ preservation solutions in the forthcoming years. Alternatively, the market in Europe is also anticipated to occupy a significant share in the market on account of the rising geriatric population. As per the analysis of the European Commission, more than 20.3% of the European population were aged 65 and older in 2019. Since the risk of chronic diseases is high in the geriatric population, the demand for organ transplantation is increasing significantly in the region, thus driving the market’s growth.

Organ Preservation Solutions Market

The global organ preservation solutions market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Market Segmentation

Our in-depth analysis of the global organ preservation solutions market includes the following segments:

By Solution Type

  • Custodiol HTK
  • Perfadex
  • Lifor
  • Viaspan
  • HBS Solution
  • Renograf
  • UW Solution
  • Celsior Solution
  • Others (Polysol, Belzer's MPS and Euro-Collins)

By Technique

  • Static Cold Storage (SCS) Technique
  • Dynamic Cold Storage
  • Hypothermic Machine Perfusion
  • Normothermic Machine Perfusion
  • Oxygen Persufflation

By Organ Type

  • Kidney
  • Heart
  • Lungs
  • Liver
  • Others (Pancreas and Intestine etc.)

By End-User

  • Hospitals & Clinics
  • Organ Banks
  • Others


Organ Preservation Solutions Market
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Growth Drivers

  • Rising Incidences of Organ Failure and Chronic Diseases such as Diabetes and Cardiovascular
  • Increasing Geriatric Population across the World
  • Technological Advancement in Organ Preservation Techniques

Challenges

  • High Cost Associated with Organ Preservation & its Transplantation Procedures
  • Emergence of Stem Cell Therapies


Organ Preservation Solutions Market

Key Questions Answered in the Report

1) What are the major factors driving the growth of the organ preservation solutions market?

Ans: The rising number of organ transplantation procedures owing to the growing incidences of multiple organ failure are the key factors driving the market growth.

2) What would be the CAGR of organ preservation solutions market over the forecast period?

Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the organ preservation solutions market growth?

Ans: The high cost of organ preservation and transplantation in lower economic regions is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of organ preservation solutions market in future?

Ans: The market in the Asia-Pacific region will provide ample growth opportunities owing to the increasing healthcare expenditure and growing need for organ transplantation procedures.

5) Who are the major players dominating the organ preservation solutions market?

Ans: Some of the key players dominating the organ preservation solutions market are ESSENTIAL PHARMACEUTICALS LLC, Bristol-Myers Squibb Company, XVIVO Perfusion, BioLifeSolutions, Inc. & Bridge to Life Ltd. among others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the company's revenue from the product segment and its geographical presence, which determine the revenue-generating capacity of the company as well as the new products being launched into the market.

7) What are the segments in the organ preservation solutions market?

Ans: The market is segmented by solution type, technique, organ type, end-user, and region.

8) Which segment under the solution type segment captures the largest market size in the organ preservation solutions market?

Ans: With respect to the solution type, the University of Wisconsin (UW) solution segment is projected to capture the largest market share owing to the growing preference for these solutions in liver preservation.

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