World Organ Preservation Market to Outstrip USD 240 Mln by 2021, Says M&M in Its Novel Report Published at MarketPublishers.com09 Aug 2016 • by Natalie Aster
LONDON – In 2021, the global market for organ preservation is likely to amount to USD 241.2 million, registering a 7.8% CAGR during 2016-2021. Meanwhile, the market value stood at around USD 165.9 million in 2015. Robust market growth is driven by continuous technological advancements and innovations, surging multi-organ failure cases amid elderly population, rising solid organ transplantation procedures, increasing number of favourable governmental initiatives aimed at promotion of organ donation, etc. However, the organ preservation market growth is severely restrained by the high costs of transplants.
Nowadays, North America dominates the global organ preservation market, primarily due to rising cases of kidney malfunction, increasing organ transplants, appealing reimbursements scenario (especially in some Canada’s provinces) and also new product launches (particularly by the US players) and technological innovations and advancement.
In the nearest future, the APAC organ preservation market is anticipated to follow an upward trend, witnessing the highest rates majorly owing to the novel regulatory landscape in China and enhancing number of organ donation cases in APAC.
Top companies shaping the worldwide organ preservation marketplace comprise: Organ Recovery Systems, Xvivo Perfusion, Essential Pharmaceuticals, Dr. Franz Kohler Chemie GmbH and Waters Medical Systems, and among others.
The insightful report “Organ Preservation Market” provides reliable information on the current situation in the global market for organ preservation, highlights the existing and emerging technologies, reviews the latest research and development activities and covers new product launches in the organ preservation market worldwide. It analyses the market segmentation and also delves into the scenario of the key regional markets, points out lucrative emerging markets, gives information on the competitive landscape and includes over 10 profiles of the top companies active in the market. The report discusses the market dynamics, covering key market growth drivers, challenges, restraints and opportunities. Moreover, future growth prospects for the global organ preservation market up to 2021 are thoroughly examined here.
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