According to the research report titled ‘Organ Care Products Market Size By Organ Type (Kidney, Liver, Heart, Lungs), By Product Type (Trolly, Portable), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, organ care products market is anticipated to foresee commendable growth during 2021-2027.
 

Report findings suggest that rising prevalence of chronic illness, increasing occurrence of genetic defects cases, and growing adoption of portable devices are the major growth inducing factors for organ care products market.

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For the uninitiated, organ transplantation is usually the last option in cases of organ failure, and it is only used in extreme circumstances or emergency medical conditions.

The process involves using a healthy organ of deceased or living person for transplant in patient’s body, giving them a chance at better life. Surging number of transplantation surgeries, and technological advancements in the field are augmenting the market outlook.

On the downside, dearth of human donors, high cost of procedures, and cultural reluctance for deceased donors are acting as arrestors for the industry.

In terms of organ type, the lungs segment of organ care products industry is slated to record 13.7% CAGR over the analysis timeframe, owing to rising cases of lung failure due to increasing number of COVID-19 cases.

Speaking of product type, the portable segment held 41% market share in 2020 and is poised to grow at a constant pace during the forecast period, owing to lower product cost and ease of use.

Considering the regional landscape, North America industry held around 63% of the overall revenue share in 2020 and is predicted to grow at rapid rate over the analysis timeframe. The expansion is attributed to rising number transplantations as well as dense presence of key players in the region.

The major companies influencing global organ care products market trends are Preservation Solutions, Inc., Institut Georges Lopez or IGL, OrganOx Limited, Organ Recovery Systems, Inc., Organ Assist B.V., Xvivo Perfusion AB, Bridge to Life Ltd., and TransMedics, Inc.