[Research Report] The organ care products market is projected to reach US$ 272.16 million by 2028 from US$ 98.46 million in 2021; it is estimated to grow at a CAGR of 15.6% from 2021 to 2028.
An organ care product is a medical device used to preserve donor organs for longer periods before transplantation. These procedures allow the transplant team to ensure that transplant organs function optimally. It is a technique for keeping transplanted or donor organs at a safe temperature. "Heart in a box" is another name for this technique. Before being transplanted, organs of interest are kept in the best possible condition and are entirely manageable. The approach confers with the traditional systems of preserving organs by freezing or running them in an environment and condition comparable to that of the human body by perfusing the donor's blood via the organs. Organs like the kidney, liver, heart, and lungs can be monitored from this technology to ensure that they function at their best. Organ care products contain one or more pump units, thermo units, and trolleys.
The organ care products market is segmented based on modality, organ type, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The organ care products report offers insights and in-depth analysis of the market, emphasizing parameters such as market trends, technological advancements, market dynamics, and the competitive analysis of the globally leading market players.
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Organ Care Products Market: Strategic Insights
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Organ Care Products Market: Strategic Insights
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Market Insights
New Product Launches and Product Approvals in Organ Care Products to Drive Organ Care Products Market
The rising demand for organ transplantation due to organ failure has boosted the requirement for organ care products. The fast-changing healthcare dynamics and rising prevalence of organ failure and donation have created the demand for effective organ care products. In response to such prominent demand, various market players focus on offering better organ care products to fulfill the market demand. In addition, the approvals of such products from regulatory bodies allow the safe storage and transportation of donor organs over long distances, which is expected to contribute to the growth of the organ care products market.
Following are a few examples of companies that launched new products and approvals for organ care products:
• In October 2021, Paragonix Technologies clinically and commercially launched the LIVERguard Donor Liver Preservation System in the US and Europe, along with its global clinical registry Global Utilization and Registry Database for Improved preservation of donor LIVERs (GUARDIAN-LIVER). The system was designed for consistent and repeatable standardized cold storage of livers, regardless of time, geography, or unforeseen conditions.
• In September 2021, TransMedics Group, Inc. announced the USFDA premarket approval for its OCS Liver System to preserve organs after DBD and DCD. The system is used to preserve and monitor hemodynamics and metabolic function, which allows for ex-vivo assessment of liver allografts from DBD and DCD donor livers based on the OCS Liver PROTECT Trial.
Such developments by market players are driving the organ care products market.
Modality Insights
Based on modality, the global organ care products market is segmented into trolley and portable. In 2021, the trolley segment held a larger share of the market. Moreover, the portable segment is expected to register a higher CAGR in the market during 2021–2028. This is mainly due to the convenience and compactness of organ care products. The portable devices help manage time during organ storage and improve organ quality.
Organ Type Insights
Based on organ type, the global organ care products market is segmented into kidney, liver, heart, lungs, and others. In 2021, the kidney segment held the largest market share. However, the lungs segment is expected to register the highest CAGR during 2021–2028. The growth of the kidney segment is attributed to the rising incidence of kidney failure that leads to a massive number of patients on a waiting list. As per the data by Health Resources & Services Administration, in 2020, nearly 91,099 patients required kidney transplants in the US. With the growing number of patients suffering from chronic conditions, the demand for organ care products will increase in the coming years.
End User Insights
Based on end user, the global organ care products market is segmented into hospitals, ambulatory surgical centers, and others. In 2021, the hospitals segment held the largest share of the market. Moreover, the same segment is expected to register the highest CAGR in the market during 2021–2028. The increasing incidence of organ failure worldwide, leading to organ transplants, drives the segment. According to OPTN data, total transplants from 1998 till January 2022 accounted for 881,082. 518,946 were kidney transplants, 191,894 liver transplants, and 83,643 were heart transplants among others.
Product launches and collaborations are highly adopted strategies by the global organ care products market players. A few of the recent key market developments are listed below:
In February 2021, Bridge to Life, Ltd. and Tevosol, Inc. merged to develop and commercialize groundbreaking new products for the organ transplantation community. The arrangement includes Bridge to Life's significant financial commitment to manufacture, trial, and launch Tevosol's portable ex-vivo lung perfusion (EVLP) machine and normothermic organ preservation platform.
In June 2019, TransMedics announced the Second FDA PMA Approval for its OCS Lung System, allowing access to a larger pool of donor's lungs that are currently seldomly utilized for transplantation due to limitations of cold storage.
The COVID-19 pandemic has highly impacted organ donation and transplantation globally and affected the execution of life-saving procedures such as organ transplantation by altering the process of organ donation and recovery. Moreover, it has disrupted the donation and transplant activities worldwide, leading to a decline in the demand for organ care products. The transplants from deceased donors were limited to only urgent situations, and transplants from living donations were put on hold. This resulted in lost opportunities for a large number of vulnerable patients on transplant waiting lists. In addition, a decrease in the number of potential deceased organ donors, a saturation of healthcare systems and ICU capacities, limited access to donor and recipient testing for the infection, and challenges in travel/transport logistics for retrieval teams and donated organs were also observed. That impacted the market negatively during the pandemic period.
However, the pandemic led to the implementation of new practices for adequate donor evaluation and consent, organ recovery, and organ procurement organization, which will help the market grow significantly in the future.
Organ Care Products Market Regional Insights
Organ Care Products Market Regional Insights
The regional trends and factors influencing the Organ Care Products Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Organ Care Products Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Organ Care Products Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 98.46 Million |
| Market Size by 2028 | US$ 272.16 Million |
| Global CAGR (2021 - 2028) | 15.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Modality
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Organ Care Products Market Players Density: Understanding Its Impact on Business Dynamics
The Organ Care Products Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Organ Care Products Market are:
- TransMedics
- Bridge to Life Ltd
- Paragonix Technologies, Inc
- OrganOx Limited
- Waters Medical Systems LLC
Disclaimer: The companies listed above are not ranked in any particular order.
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Organ Care Products – Market Segmentation
The global organ care products market is segmented based on modality, organ type, end user, and geography. In terms of modality, the market is segmented into trolley and portable. Based on organ type, the organ care products market is segmented into kidney, liver, heart, lungs, and others. In terms of end user, the organ care products market is segmented into hospitals, ambulatory surgical centers, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America.
Company Profiles
- TransMedics
- XVIVO Perfusion
- Bridge to Life Ltd
- Paragonix Technologies, Inc
- OrganOx Limited
- Waters Medical Systems LLC
- Organ Recovery Systems
- Accord Healthcare
- Dr. Franz Koehler Chemie GmbH
- Preservation Solutions, Inc.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Modality, Organ Type, and End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The factors that are driving the growth of market are rising incidences of organ failure & transplant procedures and new product launches and approvals of organ care products are expected to fuel the growth of the market. However, the high cost of organ transplantation & cultural barriers is the major factor hindering the market growth.
The organ care products market majorly consists of the players such as TransMedics; XVIVO Perfusion AB; Bridge to Life; Paragonix Technologies, Inc; OrganOx Limited; Preservation Solution, Inc.; Accord Healthcare; Dr. Franz Koehler Chemie GmbH; Waters Medical Systems LLC; Organ Recovery Systems, Inc. among others.
The organ care products market is analyzed in the basis of modality, organ type, and end user. Based on modality, the market is segmented into trolley and portable. The trolley segment held the largest share of the market, and portable segment is anticipated to register the highest CAGR. Based organ type, the market is segmented as kidney, heart, liver, lungs, and others. The kidney segment held the largest share of the market, and lungs segment is estimated to register the highest CAGR. And based on end user, the market is divided into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest share of the market, and it is estimated to register the highest CAGR.
The organ care products market is expected to grow at 16.4% over the forecast period.
North America accounts for the major market share of organ care products market in 2021.
Asia Pacific is expected to be the fastest growing region in organ care products market over the forecast period.
Organ care products are medical devices designed to store donated organs for longer periods while still providing the organ with the necessary nutrients. These devices are used to keep organs safe for a set amount of time before transplantation. This technology assists in monitoring organs such as the kidney, liver, to ensure that they are operating at their best. Organ care products contain one or more pump units, thermo units, and trolleys.
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The List of Companies - Organ Care Products Market
- TransMedics
- Bridge to Life Ltd
- Paragonix Technologies, Inc
- OrganOx Limited
- Waters Medical Systems LLC
- Organ Recovery Systems
- Accord Healthcare
- Dr. Franz Koehler Chemie GmbH
- Preservation Solutions, Inc.
- XVIVO Perfusion
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