Organ Care Products Market 2021 By Trends & Regional Forecast To 2027

Organ Care Products Market 2021 By Trends & Regional Forecast To 2027

Robust demand for efficient organ care systems to support organ donors during transplantation will give the global organ care products market size a commendable boost over the projected timeframe. There has been escalating need for transplantation procedures, driven by the increasing rate of hospital admissions due to organ failure. Rapid advances in technology to assist organ transport and preservation will become significant drivers expanding the industry outlook in the coming years.

Increased efficiency of advanced organ care machines during preservation and transportation has contributed to the rising product popularity. Key market participants are focusing on the expansion of their product applications with an aim to boost the customer base. These aforesaid factors, alongside the introduction of portable perfusion systems to monitor the organs at the metabolically active state, will create ideal growth conditions for the industry in years to come.

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As per Global Market Insights, Inc. estimates, the global organ care products market size is anticipated to exceed $250 million by 2027.

In terms of segmentation by organ type, the liver segment is set to depict a 13.4% CAGR through 2027, on account of the increasing rate of liver failures due to multiple factors like excessive consumption of acetaminophen, metabolic diseases, autoimmune diseases, and toxins. According to the Global Observatory on Donation & Transplantation’s reports, there were nearly 34,074 cases of liver transplantation in 2018. The availability of miniaturized and portable organ care products for the liver will further boost the segmental expansion in years ahead.

Considering the product type, the trolly segment accounted for more than 57% of the organ care products market share in 2020, which can be credited to its high costs and other associated benefits of reusability. In addition, the widespread adoption of trolly-based systems is further attributable to its convenience and ease of handling.

From a regional perspective, the Asia Pacific organ care products industry is poised to exhibit a CAGR of 15.5% through 2027, as a result of the considerable increase in organ transplantations in China, India, and other emerging economies. A large population base in the region is at risk of chronic kidney and other cardiovascular diseases, which are the major causes of organ failure. Growing medical tourism, low treatment costs for liver transplants & other surgical procedures, high accessibility to treatment, and rapid adoption of advanced organ care products will further expand the product scope in the region over the estimated timeframe.

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The implementation of strict regulations on healthcare procedures and movement restrictions during the COVID-19 pandemic have severely impacted the procedural rate of solid organ transplants in highly impacted regions. During these unprecedented times, both patients and healthcare providers are imperiled due to the limited availability of resources for organ diagnosis and care. The challenges in continuously performing resource-intense procedures for patients with end-stage liver diseases may create a moderate impact on the organ care products market outlook across the globe.

However, the gradual relaxation of restrictions, coupled with the mounting cases of organ failure caused by chronic diseases, will boost industry expansion in the foreseeable future.

Key organ care products market participants include Paragonix Technologies, Inc., Bridge to Life, XVIVO Perfusion AB, and TransMedics, among others. These companies are incorporating strategies like M&A, innovative product launches, and business expansions to gain a competitive advantage over rivals. To illustrate, in March 2021, X2O Media and TransMedics announced the joint installation of the X20 Collaboration Room with an objective to deliver an immersive virtual training experience to the clinical users of their OCS™ (Organ Care System) technology worldwide.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Organ care products market industry 3600 synopsis

2.1.1    Business trends

2.1.2    Organ type trends

2.1.3    Product type trends

2.1.4    Regional trends

Chapter 3   Organ Care Products Market Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 – 2027 (USD Million)

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing incidence of organ failure

3.3.1.2    Increasing number of transplantation procedures

3.3.1.3    Growing technological advancements

3.3.2    Industry pitfalls & challenges

3.3.2.1    High cost of organ transplantation

3.3.2.2    Shortage of human donors

3.3.2.3    Cultural prohibition against deceased donors

3.4    Growth potential analysis

3.4.1    By organ type

3.4.2    By product type

3.5    COVID-19 impact analysis

3.6    Regulatory landscape

3.7    Porter's analysis

3.8    Competitive landscape, 2020

3.9    PESTEL analysis

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