Organ Care Products Market Size By Organ Type (Kidney, Liver, Heart, Lungs), By Product Type (Trolly, Portable), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

Organ Care Products Market Size By Organ Type (Kidney, Liver, Heart, Lungs), By Product Type (Trolly, Portable), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

Organ Care Products Market Size

Organ Care Products Market size valued at over USD 106 million in 2021 and is estimated to grow at around 15.8% CAGR between 2022 and 2028. The market growth is poised to proceed at significant rate due to the increasing number of organ donors coupled with growing awareness about organ donation in developing and developed countries. Moreover, rising incidence of organ failure among patients suffering from chronic and infectious diseases will positively impact the demand for organ care products.
 

Technological developments in the field of organ care products will accelerate the overall market demand. Introduction of technologically advanced products have offered reliability, ease and convenience to the professionals performing organ transplants. Product development with regards to design, functioning and features is anticipated to influence adoption rate among professionals. Fully portable systems providing higher mobility and designs allowing healthcare workers to monitor organs along with other operational activities will benefit the industry growth.
 

COVID-19 pandemic has moderately impacted the market expansion. The disruptions in supply chain, delayed shipping or ban on import export services has impacted operational capabilities of the manufacturers. This had negative impact on business operations for shorter period. However, the companies continued to witness overall revenue growth with management of available resources.
 

Organ Care Products Market Trends

The industry value is highly attributable to increasing product approvals and launches providing advanced organ preservation technologies. Extensive R&D efforts by the prominent market players will further favour new product launches that will positively impact the adoption rate in facilities. Thus, expanding availability of advanced products across emerging economies will impel the global industry expansion during the forecast period.
 

Organ Care Products Market Analysis

Kidney segment held 25% of revenue share in 2021. The increasing incidence of kidney failure leading to large number of patients on waiting list is predicted to boost the product demand in the coming years. As per the data by Health Resources & Services Administration, in 2020, nearly 91,099 patients required kidney transplants in the U.S. Thus, the significant rise in need for kidney transplants among patients influencing the procedural volume will augment the industry progression during the forecast period.
 

Trolly segment dominated more than 50% of revenue share in 2021. Growing need for effective and convenient devices in organ preservation for extended periods will increase the product demand during the forecast period. Developing healthcare infrastructure leading to increasing number of product installations at healthcare settings will foster the overall segment growth potential. Furthermore, ease in movement during the organ transportation with trolly systems will drive the segment progression.
 

North America organ care products market accounted for 55% of revenue share in 2021 led by the high awareness and increasing number of organ donations. In addition, availability of advanced products and sophisticated infrastructure will offer lucrative growth opportunities. Additionally, presence of prominent players focused on securing the U.S. FDA approvals for advanced products will strengthen the North America industry demand potential.
 

Organ Care Products Market Share

The global industry consists of several companies including

• TransMedics Inc.
• Bridge to life Ltd.
• XVIVO
• OrganOx Limited
• Organ Recovery system
• Preservation solution Inc.
• Paragonix technologies and IGL

. These industry leaders are undertaking numerous growth strategies such as collaborations, partnerships, acquisitions and product launches to strengthen their market footprints.
 

The organ care products market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments

Click here to Buy Section of this Report

Market, By Organ Type

• Kidney
• Liver
• Heart
• Lungs
• Others

Market, By Product Type

• Trolly
• Portable

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Turkey
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Others
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Others