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Organ Preservation Solution Market Size
Organ Preservation Solution Market size was valued at USD 256.1 million in 2022 and is expected to grow at a CAGR of over 6.8% from 2023 to 2032. The major factors attributing to the growth of this market are increasing number of organ transplantation procedure, and rising healthcare investments.
Also, the advancements in preservation techniques, and rising awareness pertaining to the importance of organ donation will further augment the growth of this market. For, instance, according to the United Network of Organ Sharing, in U.S. 42,887 organ transplants were performed in 2022, nearly 3.7% of increase over 2021. Thus, usage of preservation solution owing to such organ transplant procedures is expected to spur the market expansion.
Organ preservation solutions are specially designed solutions used to protect and preserve organs outside of the body for transplantation or other medical purposes. These solutions/organ care products are crucial for maintaining the viability and function of organs between their removal from a donor to transplantation into a recipient.
Why is the demand for University of Wisconsin solutions gaining traction?
University of Wisconsin (UW) segment accounted for 38.2% share of the organ preservation solution industry in 2022 and is estimated to record substantial growth through 2032 attributed to the presence of established distribution networks for facilitating its accessibility to transplantation centers.
What is the size of the organ preservation solution market?
Organ preservation solution industry size reached USD 256.1 million in 2022 and is projected to expand at 6.8% CAGR from 2023-2032 driven by the rising number of organ transplantation procedures coupled with the massive healthcare investments.
Which are the leading companies engaged in the organ preservation solution industry?
Some major organ preservation solution firms are Waters Medical Systems LLC, Xvivo Perfusion AB, Transmedics, Inc., Preservation Solutions, Inc., Paragonix Technologies, Inc., Organox Limited, Dr. Franz Koehler Chemie GmbH, Accord Healthcare Inc., and Shanghai Genext Medical Technology.
How big is the North America organ preservation solution industry?
North America organ preservation solution market was worth USD 103 million in revenue in 2022 and is anticipated to reach USD 196.5 million by 2032 driven by the well-developed and advanced healthcare infrastructure.