The Global Market for Organ Preservation Solutions is Projected to Reach US$178.8 Million by 2020

Increasing Demand for Organs for Transplantation Drives the Global Organ Preservation Solutions Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Organ Preservation Solutions market. The global market for Organ Preservation Solutions is projected to reach US$178.8 million by 2020, driven by record high increase in the number of patients awaiting transplant and the crucial need to successfully preserve organs long enough to allow tissue matching and transport between transplant centers.  

The global market for organ preservation solutions is witnessing steady growth, encouraged by the  increased incidence of vital organ failure and the large number of patients awaiting organ transplantation worldwide. Also driving growth in the market is the aging population and the increased risk of multi organ failure in the elderly; growing per capita healthcare spending; and increasing reimbursement coverage for organ transplantation procedures not only in the developed nations such as the United States and the United Kingdom but also in emerging economies such as India. Technological advancements and research breakthroughs in organ preservation will further drive growth in the market. Organ shortages and change in transplant donor demographics tend to create opportunities for organ preservation solutions by exerting pressure on the need to achieve optimal organ preservation. The increase in governmental and NGO initiatives to encourage people to donate organs is benefiting awareness and willingness to donate organs. Deceased donation is especially receiving a major boost from the awareness campaigns. Despite the opportunities for growth, the market will face challenges posed by high procedural costs.

Custodiol HTK emerged as the market leader in organ preservation solutions. Custodiol solution is now being increasingly employed in the preservation of kidney, liver, and heart. Other solutions include Perfadex, HypoThermosol, and Renograf, among others. Custodiol HTK delivered better results as against Euro-Collins solution during prospective trials with advanced features, such as less leucocyte adhesion and low viscosity. Further, the solution performed at par with UW solution except for elevated delayed graft function rates. Today, HTK solution represents the preferred solution for preservation of abdominal solid organs. In terms of preservation techniques, Hypothermic Perfusion Preservation (HPP) is vastly preferred technique, compared to Static Cold Storage (SCS). Unlike SCS that does not allow continuous contact of the organ with the solution, HPP involves machine perfusion that maintains a continuous supply of solution to the preserved organ. Another major trend is the emergence of Ex-Vivo Lung Perfusion (EVLP), an advanced technique that allows warming up of preserved cooled lungs during the reconditioning phase, when the donated lungs can be evaluated before transplantation.

As stated by the new market research report on Organ Preservation Solutions, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 16.9% over the analysis period, led by the growing population, higher disposable incomes and healthcare spending, and increasing importance of Asian countries as hot spots for transplant tourism.

Major players covered in the report include 21st Century Medicine, BioLife Solutions Inc., Claris Injectables Limited, Dr. Franz Köhler Chemie GmbH, Essential Pharmaceuticals LLC, Lifeline Scientific, Preservation Solutions Inc., and XVIVO Perfusion AB, among others.

The research report titled “Organ Preservation Solutions: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and strategic industry activity of global companies.  The report provides market estimates and projections for major geographic markets, including the US, Canada, Europe, Asia-Pacific, and Rest of World. 

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