Organ Preservation Market Size, Share, Industry Trends and Forecast to 2030

Organ Preservation Market Size & CAGR in 2021

The global organ preservation market is estimated to have a Compound Annual Growth Rate (CAGR) of 4.2% from 2021 to 2028. The market size is expected to reach USD 283.7 million by the end of 2021.

COVID-19 Impact on the Organ Preservation Market

The COVID-19 pandemic has significantly impacted the organ preservation market. Due to the pandemic, organ transplant surgeries were postponed or canceled in many countries, leading to a decrease in the demand for organ preservation solutions. However, with the gradual resumption of healthcare services, the market is expected to recover in the coming years.

Organ Preservation Dynamics

Organ preservation involves maintaining the viability of organs before transplantation. Advancements in organ preservation techniques, increasing organ transplant surgeries, and rising awareness about the importance of organ donation are major factors driving the growth of the organ preservation market.

Segments and Related Analysis

By Type of Preservation Solution

The market is segmented based on the type of preservation solution, including hypothermic perfusion solutions, static cold storage solutions, and others. Hypothermic perfusion solutions segment is expected to dominate the market due to their ability to extend organ viability.

By Organ Type

The market is segmented based on organ type, including kidneys, liver, heart, lungs, and others. The kidney preservation segment is anticipated to hold the largest market share due to the high number of kidney transplant surgeries.

By Region Analysis

The organ preservation market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to lead the market due to the presence of advanced healthcare infrastructure and increasing organ donation rates.

Key Market Players and Competitive Landscape

Some of the key players in the organ preservation market include XVIVO Perfusion, TransMedics, OrganOx, Dr. Franz Kohler Chemie GmbH, and BioLife Solutions. These companies are focusing on developing innovative organ preservation solutions and expanding their market presence through strategic partnerships.

Recent Happenings in the Organ Preservation Market

In recent years, there have been advancements in organ preservation technology, such as the development of normothermic machine perfusion systems and portable organ preservation devices. These innovations aim to improve organ quality and increase the success rates of organ transplants.