Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the organ preservation market. These methods were also used extensively to determine the extent of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.

# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

# All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources.

This market is projected to reach USD 284 million by 2024 from USD 207 million in 2019, at a CAGR of 6.5%.

The growth of the organ preservation market is mainly driven by the increasing incidence of multi-organ failure, the growing geriatric population, the rising number of organ transplants and organ donors, and increasing initiatives to encourage organ donations.

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Static cold storage was the leading technique in 2019 but normothermic machine perfusion is expected to grow at a faster rate.

By technique, the segment witnessed a significant market share of Static cold storage in 2019. This technique is used for the preservation of the kidneys, liver, lung, pancreas, and heart. The low cost and requirements of SCS ensure its adoption among end-users. The advantages of normothermic machine perfusion provide its high growth rate in the solutions market in the forecast period of 2019 to 2024.

Key Questions Addressed by the Report:

# Which solution segment will dominate the organ preservation market in the future?
# Which technique segment will dominate the organ preservation market in the future?
# Emerging countries offer immense opportunities for the growth and adoption of organ preservation market; will this scenario continue in the coming five years?
# What are the upcoming products in the organ preservation market?

Lungs are expected to grow in the market by the highest CAGR

The market is segmented by organ type that includes organs like kidney, heart, lungs, liver and other organs (pancreas, intestine). The demand for lungs is expected to grow at a faster rate in the period of 2019 to 2024, mainly due to the rising prevalence of COPD and other target diseases & disorders necessitating lung transplantation. The kidney established a significant market share in 2019.

“The Asia Pacific to witness the highest growth during the forecast period.”

Asia Pacific is expected to grow at the highest CAGR during the forecast period of 2019–2024. The major factors driving the growth of the Asia Pacific market include favorable government initiatives, increased awareness in people and increased organ donations.

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Key Players:

XVIVO Perfusion AB (Sweden), Paragonix Technologies (US), Dr. Franz Kohler Chemie GMBH (Germany) are the leading players in the organ preservation market.

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