Organ Preservation Solution Market to Grow with a CAGR of 6.62% Globally through 2029

Surge in research and development activities is expected to drive the Global Organ Preservation Solution Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Organ Preservation Solution Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Organ Preservation Solution Market stood at USD257.35 million in 2023 and is anticipated to grow with a CAGR of 6.62% in the forecast period, 2024-2029. Initiatives taken by government based on organ preservation solution has led to favorable market conditions for the Global Organ Preservation Solution Market. Several factors contribute to the growth of various organ preservation solution.

The Health Resources and Services Administration (HRSA) is actively engaged in a comprehensive effort to modernize the Organ Procurement and Transplantation Network (OPTN). This initiative encompasses various key aspects, including the release of new and updated organ donor and transplant data, placing a high priority on the modernization of the OPTN's IT system, and actively seeking valuable public input to drive future improvements and advancements in the field of organ transplantation. Through these concerted efforts, HRSA aims to enhance the efficiency, effectiveness, and overall impact of the OPTN, ultimately benefiting patients in need of life-saving organ transplants.

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One significant advancement resulting from extensive research and development (R&D) is the introduction of normothermic perfusion techniques. With this groundbreaking technique, organs can now be maintained at body temperature during preservation, creating an optimal environment that enhances their viability and significantly reduces the likelihood of organ damage compared to the traditional static cold storage method. This innovative approach in organ preservation is anticipated to revolutionize the landscape of organ transplantation, leading to remarkable growth in the organ preservation solution market. As a result, more lives can be saved and improved through the availability of viable organs for transplantation.

The Global Organ Preservation Solution Market is segmented into organ type, application, regional distribution, and company.

Based on its organ type, the kidney segment held the largest market share in the forecast period. Kidneys are truly remarkable organs. They possess the remarkable ability to be donated by a living person without significantly impacting their health. This selfless act of donation has not only saved countless lives but has also spurred a rise in the number of living kidney donors worldwide. As a result, there has been an increased demand for innovative organ preservation solutions to ensure optimal outcomes for both donors and recipients. The advancements in organ preservation technology have played a vital role in facilitating successful kidney transplants and giving hope to those in need of a new lease on life.

Based on region, North America segment is expected to grow during the forecast period. 

In recent years, the high prevalence of chronic diseases, particularly kidney disease, in this region has surged. Consequently, there has been a significant increase in the demand for organ transplants, thus driving the urgent need for advanced and effective organ preservation solutions. This pressing issue has prompted researchers and medical professionals to explore innovative techniques and technologies to ensure the successful transplantation of organs and improve patient outcomes.

Major companies operating in Global Organ Preservation Solution Market are:

·         Waters Medical Systems LLC

·         Xvivo Perfusion AB

·         TransMedics Inc

·         Organox Limited

·         21st Century Medicine

·         Dr. Franz Koehler Chemie GmbH

·         Accord Healthcare Inc.

·         Bridge to Life Ltd

·         Perfusion Solutions, Inc.

·         Lifeline Scientific Inc.

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“There is a growing need for organ preservation solutions that can extend the preservation time of organs, especially for complex transplantation procedures or in cases where donor and recipient locations are geographically distant. This trend has led to the development of solutions with longer preservation times and improved organ outcomes.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Global Organ Preservation Solution Market By Organ Type (Heart, Lung, Kidney, Liver, Others), By Application (Static Cold Storage, Hypothermic Machine Perfusion, Normothermic Machine Perfusion, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of Global Organ Preservation Solution Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Organ Preservation Solution Market.

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