The boom in the market for organ preservation solutions shows how the best companies can survive in the future: Teva Pharmaceutical Industries Ltd., Dr. Franz Köhler Chemie GmbH, BioLife Solutions, XVIVO Perfusion AB
Human organs are sensitive to the environment outside the human body and are therefore preserved in organ preservation solutions similar to those of human bodily fluids. These solutions are used to store and transport organs. They are made up of proteins, ions, and buffer solutions that help maintain a sustainable environment for organs outside the human body.
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The growing number of organ transplants and organ donors worldwide is expected to drive the growth of the global organ preservation solutions market. For example, according to the Scientific Registry of Transplant Recipients and the Organ Supply and Transplantation Network, each year approximately 30,000 organ transplant procedures are performed in the United States.
Moreover, the high prevalence of chronic diseases in the world is expected to increase the growth of the world population. Organ Preservation Solutions Market. For example, as reported by the American Cancer Society, in 2019 an estimated 1,762,450 new cases of cancer will be diagnosed in the United States and 606,520 people will die from the disease.
High cost of the procedure, increasing adoption of stem cell therapies and COVID-19 (global pandemic) outbreak are expected to hamper the growth of the global organ preservation solutions market. For example, the average cost of a kidney transplant in the United States is approximately US$89,939.
The growth in the global aging population is expected to provide market players with significant growth opportunities over the forecast period. For example, according to the US Census Bureau, the US geriatric population is expected to reach 77 million by 2034.
Additionally, favorable reimbursement policies are expected to propel the growth of the global organ preservation solutions market during the forecast period. Currently, almost all transplant procedures are covered by an insurance plan, either through a private insurer or government insurance in Japan, India, the United Kingdom and the United States. .
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Market Trends/Top Takeaways:
Increasing research and development and frequent new product launches are expected to drive the market growth. For example, in January 2020, BGF provided US$6.05 million to OrganOxm, as the company plans to expand its fully automated system to keep a human donor’s liver functioning outside the body until at 24 hours.
The major players active in the global organ preservation solutions market are BioLife Solutions, Teva Pharmaceutical Industries Ltd., XVIVO Perfusion AB, Bristol-Myers Squibb, Lifeline Scientific, ToleroTech, Inc., Preservation Solutions Inc., Claris Injectables Limited, Paragonix Technologies Inc., CryoLife, Inc., BioTime, Inc. 21st Century Medicine, and Dr. Franz Köhler Chemie GmbH, among others.
In February 2020, Paragonix Technologies Inc. received premarket notification (510(k)) clearance from the Food and Drug Administration (FDA) for the Donor Lung Preservation System, named LUNGguard, for use in the preservation of the lungs during transport.
The report covers:
◘ Comprehensive research methodology of global Organ Preservation Solutions market.
◘ This report also includes a detailed and comprehensive overview of the market with gap analysis, historical analysis and key analyst insights.
◘ Comprehensive analysis of macro and micro factors influencing the market guided by key recommendations.
◘ Analysis of regional regulations and other government policies impacting the global Organ Preservation Solutions market.
◘ Insights into the market determinants driving the global Organ Preservation Solutions market.
◘ Detailed and extensive market segments with regional forecasted revenue distribution
◘ Extensive profiles and recent developments of market players
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Table of contents with main points:
Global Organ Preservation Solutions Professional Survey Report 2022, Forecast to 2028
1 Market Overview Definition of Organ Preservation Solutions
1.1 Definition of organ preservation solutions
1.2 Organ Preservation Solutions Segment by Type
1.3 Market Analysis by Application
1.4 Global Organ Preservation Solutions Market Comparison by Regions (2022-2028)
1.5 Market Dynamics
1.6 Coronavirus Disease 2019 (Covid-19): Impact on the Organ Preservation Solutions Industry
2 Global Organ Preservation Solutions Market Competition by Manufacturers
3 Major Manufacturers Analysis of Organ Preservation Solutions Industry
4 Global Organ Preservation Solutions Market Size Categorized by Regions
5 North America Organ Preservation Solutions Market Size Categorized by Countries
6 Europe Organ Preservation Solutions Market Size Sorted by Countries
7 Asia-Pacific Organ Preservation Solutions Market Size Sorted by Countries
8 South America Organ Preservation Solutions Market Size Categorized by Countries
9 Middle East & Africa Organ Preservation Solutions Market Size Categorized by Countries
10 Global Organ Preservation Solutions Market Segment by Type
11 Global Organ Preservation Solutions Market Segment by Application
12 Market Forecast for Organ Preservation Solutions
13 Market Analysis Related to Organ Preservation Solutions
14 Research findings and conclusion
Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Organ Preservation Solutions market. To elaborate the concepts more briefly, the data is represented in graph and table form. Customer requirements are gathered by reviewing reviews from numerous industry experts.
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