The organ storage market was valued at $0.23 billion. in 2021. The global organ storage market is expected to grow at a CAGR of 6.6% during the forecast period.
Overview of the organ storage market:
The organ storage market the landscape has been examined and all the major suppliers and developers of application development and delivery have been present. Customer-centric methods by businesses, as well as the need to handle massive volumes of material, may determine the future shape of the market. During the forecast period (2021-2027), there will be alliances with integration partners to achieve optimal technology, as well as webinars on future trends and insights.
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Scope of the organ storage market:
Maximized Market Research Report on the Organ Storage Market provides an investigative analysis with a cohesive understanding of the economic events as well as the consequences of the COVID-19 pandemic. It describes the drivers, challenges, opportunities, trends and takeaways that industry leaders can leverage over the forecast period (2021-2027).
The report discusses key advancements in the organ preservation industry as well as organic and inorganic growth strategies. Various businesses are focusing on organic growth tactics, such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships and collaborations were among the inorganic growth tactics observed in the industry. With increasing demand, industry participants in the organ preservation market are expected to benefit from attractive growth prospects in the future. Below is a list of some firms involved in the organ storage industry.
Kidney market category holds the largest market share in 2021, by Type. Kidney failure cases and kidney transplant procedures are the major factors influencing the growth of the market. According to a 2019 estimate from the NHS, about 37.00 million Americans have chronic kidney disease and nearly 726,000 get end-stage renal disease each year. Additionally, several awareness programs highlighting the benefits of kidney transplantation are anticipated to drive the market expansion. For example, the NHS launched the “Advancing American Kidney Health” Initiative to improve the quality of life for Americans suffering from kidney disease.
The heart category is projected to experience the highest CAGR growth during the projection period. The category is projected to expand faster throughout the forecast period as a result of the increase in heart transplant procedures. According to a survey published by the Health Resources and Services Administration, 3,273 heart transplant procedures were performed in 2017 as compared to 3,408 in 20121. This trend is expected to drive the segment’s growth over the coming years.
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The market research study analyzes the key stakeholders of the market. Among the main firms highlighted in the study are:
• Paragonix Technologies
• XVIVO Perfusion AB
• Dr. Franz Köhler Chemie GmbH (Germany),
• Essential pharmaceuticals,
• LLC (USA)
• Organix Limited (UK)
• 21st Century Medicine (USMedicine, Inc.
• Shanghai Genext Medical
• Bridge to Life Limited
• Storage solutions
• Carnamedica (Poland)
• Biomedical for transplantation
• Georges Lopez Institute
• Global Transplant Solutions
• Vascular perfusion of organ preservation
The report provides a comprehensive overview of the sector, including qualitative and quantitative data. It provides an analysis and forecast of the global market based on several segments. It also provides market size and forecast forecasts for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027.
Analysis of the impact of COVID-19 on the organ storage market:
The COVID-19 pandemic has had an impact on markets and consumer behavior. It has had a significant impact on both economies and civilizations. The effects of COVID-19 are expected to shift consumer demand to online platforms. This can change customer behavior forever, because once individuals get into the habit of shopping online, it becomes a pattern that is hard to break, forcing businesses to increase their online presence. COVID-19 is having an immediate and far-reaching impact on consumer behavior across all industries.
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The key questions answered in the Organ Preservation Market Report are:
- What is the potential market for organ storage in terms of region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the Organ Preservation Market in the next seven years?
- What is the predicted market size and growth rate of the Organ Preservation Market?
- Which segments are covered in Organ Preservation Market report?
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