Global organ preservation market is anticipated to grow at a substantial CAGR of 6.8% during the forecast period (2024-2031). The market expansion is driven by advancements in transplantation technologies increasing cases of organ failure and growing public awareness about organ donation. The increase in the elderly population, who are more prone to conditions necessitating organ transplants, is driving market growth. Additionally, the increase in the number of organ donors and increasing initiatives to encourage organ donation are also contributing to market growth. The widespread application of preservation solutions across kidneys, liver, lungs, and heart transplants is driving the growth of the market.
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Recent Advancements in the Global Organ Preservation Market
- In June 2024, Paragonix Technologies, a provider of organ transplant technology, announced the PancreasPak organ preservation system, the first FDA-cleared device designed to protect and monitor donor pancreases during transportation. Leveraging the proven principles of Paragonix’s SherpaPak Cardiac Transport System, used in 1 of every 3 cases across the US, the new device promises to deliver unprecedented levels of tracking and control in pancreatic transplantation.
- In February 2024, researchers at the Mount Sinai Recanati/Miller Transplantation Institute received $5.0 million to expand technology used to preserve and salvage donated organs.
- In December 2023, Paragonix launched a nationwide organ transplant logistics network. Paragonix has opened seven supply hubs in the US, as part of an organ procurement network with over 50 surgeons and organ preservation specialists.
- In August 2023, TransMedics Group, Inc., a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, announced the acquisition of Bridge to Life Ltd.
- In March 2022, XVIVO launched EU MDR certification for its kidney assist transport system. XVIVO is likely that the approval allows more patients to gain kidneys via the transport system. The transportable organ perfusion system allows for continuous oxygenation of kidneys. It signifies the XVIVO B.V. quality management system, which corresponds to abdominal products to meet the requirement of new PU medical device regulation.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Technique
o By Organ Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- BioLife Solutions Inc., Organ Recovery Systems, Inc. TransMedics, Inc., Preservation Solutions, Inc., and XVIVO among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Organ Preservation Market Report Segment
By Technique
- SCS (Static Cold Storage)
- DCS (Dynamic Cold Storage)
By Organ Type
- Kidney
- Liver
- Lung
- Heart
- Other Organs (Pancreas, Intestine)
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