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Friday, August 27, 2021

Aortic Aneurysm Market Analysis, Market Status, Competition & Companies, Growth Opportunities, Top Key Players and Forecast by 2027

Market Highlights

The global Aortic Aneurysm Market held a market value of USD 2,357.6 million in 2017 and is projected to grow at a CAGR of 8.4% over the forecast period. An aortic aneurysm is an abnormal enlargement or bulging of the wall of the aorta. Aortic aneurysm has two types such as an abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA). An abdominal aortic aneurysm is an aneurysm in the part of the aorta that passes through the abdomen while thoracic aortic aneurysm is an aortic aneurysm that presents mainly in the thorax. Some of the market growth factors include rising prevalence of tobacco smoking in the developed and developing countries, worldwide growing elderly population coupled with the increasing burden of cardiovascular diseases, favorable reimbursement scenarios for surgical treatment of aortic aneurysms, and mounting technological advancements in products. In contrast, the presence of low reimbursement rates in the developing countries and higher cost of aortic aneurysm treatment and devices are anticipated to hinder the market growth during the next five years.

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Regional Analysis

The global aortic aneurysm market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East Africa. Based on region, the Americas would continue its supremacy over the forecast period attributed to the presence of sophisticated medical and healthcare infrastructure and major market participants, higher spending on the healthcare, and frequent launches of novel devices in the US and Canada. For instance, in 2015, Cook Group Incorporated launched its Zenith Alpha abdominal endovascular graft in Canada.
Europe would be the second-largest value contributor in the aortic aneurysm market due to the highest prevalence of tobacco smoking and the presence of favorable initiatives by several organizations to reduce the burden of aortic aneurysm. For instance, the World Health Organization (WHO) stated that presently, Europe has the highest prevalence of tobacco smoking among adults (28%) and some of the highest prevalence of tobacco use by adolescents
Asia-Pacific is likely to witness the fastest market growth during the forecast period due to growth in increasing geriatric population and prevalence of cardiovascular diseases hypertension, and growing awareness about aortic aneurysm treatment, and developing healthcare infrastructure in India, China, and Australia. For instance, WHO reported that one million people in the World Health Organization Western Pacific Region die each year from cardiovascular disease caused by tobacco use and more than 1 in 5 cardiovascular diseases, such as heart attack and stroke, result from smoking?
The Middle East Africa has the least share of the global aortic aneurysm market. In addition, the major market share of the region would be held by the Middle Eastern region. Several studies reported that aortic aneurysm is very rare in the Middle East and very few lives are threatened by deadly aortic aneurysms annually in the Middle East region.

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Segmentation

The global aortic aneurysm market has been segmented into type, product, treatment, end user, and region.
By type, the market has been segmented into abdominal aortic aneurysm (AAA) and thoracic aortic aneurysm (TAA).
On the basis of product, the market has been divided into stent-grafts, catheters, and others.
By treatment, the market has been classified into endovascular aneurysm repair (EVAR) and
open surgical repair (OSR).
Based on end user, the market has been categorized into hospitals and clinics, ambulatory surgery centers (ASCs), and others.

Key Players

Some of the spearheading players in the global aortic aneurysm market are Medtronic plc, Cook Medical, Terumo Medical Corporation, Microport Scientific Corporation, MAQUET Holding B.V. Co. KG, Endologix, Inc., W. L. Gore Associates, Lombard Medical Limited, JO0TEC AG (CryoLife, Inc.), and Cardinal Health, Inc.

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Healthcare OEM Market to Record Sturdy Growth by 2027

The global Healthcare OEM Market is growing continually, mainly due to the burgeoning healthcare sector. The market was already garnering tremendous traction worldwide, heading with the rising population, increasing prevalence of myriads of chronic diseases, and demand for cost-effective treatment procedures. And now, with the intervention of the COVID-19, the healthcare OEM industry is witnessing a massive demand across the globe.

Medical device manufacturers, especially makers of rapid diagnostics equipment, respiratory devices, defibrillators, ventilators, CT scanners, and point-of-care diagnostics, are experiencing huge sales. Wide applications of these devices across the healthcare industry are a key growth propeller of the market. Moreover, the growing demand for lightweight, portable monitoring devices escalates market growth to furthered height.

According to Market Research Future (MRFR), the already booming global healthcare OEM market is expected to reach a valuation of USD 250 BN by 2023, registering approximately 16.2% CAGR throughout the estimated period (2017 – 2023). In 2016, the global healthcare OEM market had valued at USD 160 BN. Technological advances and the spurting growth in the healthcare IT sector are significant driving forces.

Additionally, increasing numbers of Software companies involved in the development of healthcare software for the management of healthcare institutions, hospitals, clinics, and nursing homes impact market growth. Besides, factors such as the demand for improved technology, the growing emphasis on quality yet cost-effective treatments, and rising importance for patient safety foster the market growth.

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Global Healthcare OEM Market – Segments

The report is segmented into four dynamics;

By Type : Healthcare Software, Medical Devices, Instruments, and others.

By OEM Solutions : Quality Control Regulatory Compliance, Manufacturing Fabrication, Packaging Sterilization, Product Design Development, Order Fulfilments Flexible Distribution, Project Management, and Technical Support.

By Application : Healthcare Administration, Veterinary, Dialysis, Surgery, Dentistry, Ophthalmology, Laboratory, Pharmaceutical Cosmetics, and others.

By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.

Global Healthcare OEM Market -Regional Analysis

North America dominates the global healthcare OEM market. The largest market share attributes to the strong presence of major medical devices, instruments, and software companies in the region. Moreover, factors such as the rising demand for innovative healthcare IT solutions and emphasis on minimizing the skyrocketing healthcare costs drive the regional market growth. Besides, the high consumption potential, increasing production capacities, and well-developed economies in the region foster market growth. The North America healthcare OEM market is predicted to garner tremendous gains over the forecast period.

Europe stands second in the global healthcare OEM market. The market is driven by the presence of well-established healthcare sectors, the growing purchasing power of consumers, and increasing healthcare expenditures drive the regional market growth. Moreover, factors such as the significant demand for lightweight and portable medical devices and instruments in the region propel market growth.

Germany, with its flourishing medical device companies and advanced technologies, holds the leading share in the regional market, followed by the UK, Italy, Spain, Germany, and France. Furthermore, the involvement of new technologies and inventions in Healthcare OEM provides a massive impetus to the growth of the market. The European healthcare OEM market is projected to emerge as a profitable market over the assessment period.

The Asia Pacific healthcare OEM market is heading with the burgeoning healthcare sectors in the region. Additionally, advances in technologies and growth in the electrical electronics sector propel the regional market. China is the largest Healthcare OEM market in the region, followed by India. The APAC healthcare OEM market is predicted to grow with a phenomenal CAGR during the review period (2017 to 2023).

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Global Healthcare OEM Market – Competitive Analysis

Highly competitive, the global healthcare OEM market appears fragmented due to the presence of several well-established players. The extensive fragmentation in the market is resulting in higher price competition and a fall in profit margin. Hence, to remain at the front of the competition, players incorporate strategies such as mergers acquisitions, collaborations, expansion, and product/ technology launch.

However, the market is commoditized, and there exists little room for differentiation strategies. Manufacturers stay focused on product development and invest substantially to drive RD, clinical trial, and regulatory approvals to tackle this. Another strategy adopted by manufacturers is to develop close relationships with cardiac hospitals and service agreements. They use a variety of distributions channels to generate significant sales of their product. Companies are also focusing on developing regions, especially India, is experiencing a sharp growth in the market demand.

Major Players:

Players leading the global healthcare OEM market include GE Healthcare (UK), Johnson Johnson (US), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), Baxter International (US), Aramark (US), Fujifilm Holdings Corporation (Japan), Toshiba Medical Systems Corporation (Japan), Hitachi Medical Systems America, Inc. (US), Drägerwerk AG Co. KGaA (Germany), Esaote SpA (Italy), Accenture Plc. (US), Infosys Ltd. (India), Cognizant Technology Solutions Corporation (US), Allscripts Healthcare Solutions (US), IBM Corporation (US), Dell (US), Wipro (US), Xerox Corporation (US), and Tata Consultancy Services Ltd. (India), among others.

Industry/ Innovation/ Related News

May 21, 2020 —- Nelipak Healthcare Packaging (the US), a global leader in rigid flexible packaging for the medical device and pharmaceutical sectors, launched Nelipak Academy, a seven-part educational webinar series. These virtual events are geared toward quality and RD engineers, packaging engineers, process and production engineers, and medical device OEM purchasing decision-makers as a resource to equip them with the knowledge on know-how and what to consider when selecting healthcare packaging.

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Pompe Disease Treatment Market Research Forecast, Regional, Trends and Analysis to 2027

Global Pompe Disease Treatment Market is expected to register a CAGR of 3.0% during the forecast period and expected to hit USD 1,664.9 Million by 2030.

Pompe disease is a genetic metabolic disorder that occurs in infants. This disease is caused due to the mutations in the GAA gene responsible for producing the acid, alpha-glucosidase enzyme that converts glycogen into a simple form. The absence or mutation in the GAA gene leads to the accumulation of glycogen and results to have a heart problem, muscle weakness, liver damage that can lead to premature death in the new-born.

The increasing government initiatives and rising RD activities by manufacturers to find new solutions for the diagnosis and treatment of Pompe disease are anticipated to drive the global Pompe disease treatment market growth. However, the high cost of treatment is expected to restrict market growth to a certain extent.

Segment Analysis

The global Pompe disease treatment market has been divided based on type, therapy, and end-user.

The market, based on type, has been segregated into late-onset Pompe disease, classic infantile-onset Pompe disease, and non-classic infantile-onset Pompe disease.

Based on therapy, the Pompe disease treatment market has been divided into enzyme replacement therapy (ERT), gene therapy, and others.

On the basis of end-user, the market is bifurcated into hospitals clinics and research academic institutes.

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Regional Analysis

The global Pompe disease treatment market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The Americas is likely to hold the largest share of the global Pompe disease treatment market during the assessment period. This largest share can be attributed to the presence of established payers and an increase in the number of patients with Pompe disease in the region. The American region is a hub for major market players such as Genzyme Corporation, Audentes Therapeutics, and Amicus Therapeutics, Inc operating in the Pompe disease treatment market, which eventually drives the growth of the regional market. Additionally, the growing awareness among the general population regarding the available treatments for Pompe disease is projected to boost the regional market growth during the review period.

Europe is the second-largest market for Pompe disease treatment owing to factors such as the growing research and development initiatives, support by the governments in the healthcare sector, and improvement in reimbursement policies. For instance, European countries are extremely cautious and have implemented the newborn screening (NBS) program as a means of early detection and identification of severe illnesses in newborns, including Pompe disease.

Asia-Pacific is estimated to be the fastest-growing region in the global market due to the increasing healthcare expenditure, growing awareness among patients regarding rare disorders, and expanding healthcare industry. The Pompe disease treatment market in the Middle East Africa is expected to witness gradual growth due to the significantly grow owing to the growing awareness about the treatment of rare diseases and developing healthcare infrastructure.

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Key Players

MRFR recognizes the following companies as the Key Players in the Global Pompe Disease Treatment Market— Amicus Therapeutics, Inc (US) Sanofi (France), Audentes Therapeutics (US), Oxyrane (UK), Valerion Therapeutics (US), AVROBIO, Inc. (US), CENTOGENE AG (UK), and others.

Key Findings of the Study

The Global Pompe Disease Treatment Market was valued at USD 1,181.6 Million in 2018 and is expected to register a CAGR of 3.0% during the assessment period.
The Americas accounted for the largest share of the global market due to the presence of established payers and an increased number of patients with Pompe disease.
Based on the type, the late-onset Pompe disease segment accounted for the largest market share of 59.3% in 2018.
Based on the therapy, the enzyme replacement therapy segment accounted for the largest market share with a value of USD 835.4 million in 2018.
Based on end-user, the hospitals clinics segment is expected to register the fastest growth at a CAGR of 3.1% during the forecast period.

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Patient Access Solutions Market 2018-2027: In-Depth Research on Market Dynamics, Applications & Emerging Growth Factors

Market Overview

The global Patient Access Solutions Market is expected to register a CAGR of 7.5% during the forecast period of 2019 to 2027.

Market Dynamics

In the previous few decades, there have been significant advancements in patient access methods. Increased utilization of these solutions has stemmed from technological breakthroughs in terms of precision, portability, and price. Manufacturers have introduced new generation patient access solutions in the recent decade that integrate patient data and health observations with artificial intelligence to influence clinicians’ medical decisions for a more accurate diagnosis. The major factors driving the growth of this market are an increase in patient volume and, as a result, an increase in the demand for health insurance, the growing importance of denials management, declining reimbursement rates, an increase in the volume of unstructured data in the healthcare industry, and the growing need to control escalating healthcare costs.

The healthcare industry and its accompanying IT infrastructure are undergoing significant changes, all of which have an impact on the claims management process and contribute to technological advancements. To substantially improve the collection process, many healthcare businesses integrate robotic process automation, sophisticated EDI integration, insurance discovery, and patient solutions all within their workflow platform. Profits have increased as a result of the use of various applications.

In various nations around the world, the increased prevalence of coronavirus disease has fueled demand for accurate detection and treatment equipment. Patient access solutions have proven to be extremely useful in this area, as they allow healthcare providers to connect and transfer data to healthcare payers for claim management, reimbursements, and revenue management in a seamless manner. Furthermore, the disease’s rapid spread around the world has resulted in lockdowns and limitations, boosting demand for electronic data sharing and claim handling. In the coming years, this is projected to expand the usage of patient access solutions. The COVID-19 epidemic has heightened the need for social distancing among physicians and other healthcare workers, driving demand for patient access solutions and the accurate and timely interchange of patient health records and claims data for patients with chronic diseases. Software and solutions are effective tools in this regard, as they provide a framework for the secure interchange, sharing, and retrieval of electronic health information and claims data.

High implementation costs, on the other hand, are projected to limit the market’s growth to some extent.

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Segmental Analysis

The global patient access solutions market is segmented on the basis of service, software, delivery mode, end user, and region.

On the basis of service, the global patient access solutions market is segmented into support maintenance, implementation, training education.

By software, the global patient access solutions market is categorized into eligibility verification software, medical necessity management software, pre-certification authorization software, claims denial appeal management software, payment estimation software, medical claims payment processing software, and others.

By delivery mode, the market is segmented into Web Cloud-based Solutions, On-premise Solutions.

By the end users, the market is segmented into healthcare providers, hospitals clinics, laboratories research institutes.

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Regional Overview

The global patient access solutions market is segmented on the basis of regions: Americas, Europe, Asia-Pacific, and the Middle East Africa.

Because of well-developed technology, high healthcare expenditure, and the presence of prominent companies, the Americas account for the majority of the market.

The second-largest market was Europe, which was followed by Asia-Pacific. The European patient access solutions industry has been driven by increased government support for research and development, well-developed healthcare infrastructure, and increased healthcare funds.

The market for patient access solutions in Asia-Pacific is the fastest expanding. The rapidly changing healthcare industry, as well as the vast potential for industry development, have prepared the way for market expansion.

The Middle East and Africa, on the other hand, have the smallest share of the worldwide Patient Access Solutions market. The prevalence of underdeveloped economies and low per capita income, particularly in the African continent, causes the market to lag. Due to increased government expenditure in healthcare and the existence of developed economies such as the UAE, Kuwait, Dubai, and others, the Middle East is expected to hold the majority of the market share within this region.

Competitive Dynamics

Some of the key players in the global patient access solutions market are MEDHOST, nThrive, Inc, PokitDok, Inc, Optum, Experian Information Solutions, Inc., Cerner Corporation, Genentech USA, Inc., TransUnion LLC, KYRUUS, UNITED BIOSOURCE LLC, TeleTracking Technologies, Inc., GAFFEY Healthcare, Stericycle Inc, FormFast, Cardinal Health, SCI Solutions, Inc., Availity, LLC, Takeda Pharmaceutical Company Limited, McKesson and others.

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Oligonucleotide Synthesis Market Insights: Growth Factors, Market Drivers, Segmentations, Key Players, Analysis & Forecast by 2027

As per the reports released by the team of Market Research Future (MRFR), the global Oligonucleotide Synthesis Market is expected to grow significantly in the coming years. The market is projected to attain a compound annual growth rate of around 10.3% during the forecast period between 2016 and 2022. The report further identifies and highlights the various factors of growth, segmentations, and key players of the market to elucidate the overall potential that it holds in the forthcoming years of the forecast period.

The major factors identified as the positive drivers of the market are rising investment by the government for the research and development of genomic technologies, high rate of demand for innovation in the field of life science and medical academics, rapid-paced advancements in the healthcare sector, and increasing demand for oligonucleotide synthesis technologies by both public and private research firms. Moreover, an increasing number of applications of oligonucleotide synthesis in genetic testing, therapeutics, gene synthesis, diagnostic, research, library preparation, drug target screening, and others is further strengthening the growth of the global market.

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Market Segmentation

The global oligonucleotide synthesis market segmentation is done on the basis of application, product type, and end-users.

By application, the market includes drug target screening, library preparation, genetic testing, therapeutics, diagnostic, gene synthesis, research, and others. The Drug target screening segment holds the largest share due to the massive traction it receives from the pharmaceutical sector.

By end-users, the market includes diagnostic laboratories, academic research institutes, and pharmaceutical biotechnology companies. Diagnostic laboratories segment is calculated to record massive growth during the forecast period.

By product type, the market includes reagents, synthesized oligonucleotides, and equipment. The synthesized oligonucleotides segment boasts an impressive hold over the global market.

Regional Analysis

The geographical segmentation of the global oligonucleotide synthesis market covers regions like Asia Pacific, Europe, North America, and the Middle East Africa (MEA).

North America leads the global charts with the highest share of the market. The regional market is further expected to expand in the forthcoming years primarily due to the constant search for better treatments. The robust and developed healthcare structure and infrastructure of the research centers are indicative of the constant efforts put-in to fulfill this need. The region is also driven by the prevalence of chronic diseases like cancer and diabetes. Additionally, both government and private investors are providing constant funding to bring-forward innovation and development into the sector. This is also steering the market growth of North America forward.

Europe holds the second spot in the global market standings of oligonucleotide synthesis. The regional market herein is driven by the same intent as that of North America and is amply backed by government initiatives and research centers. The regional market is aided with investments from various pharmaceutical companies in order to understand the gene sequencing to develop improved drugs. The Asia Pacific region is anticipated to significantly rise in the forthcoming years as many of the leading players in the global market see the region as a massive scope of investment opportunity. Herein, infrastructural benefits and the pricing of resources are some of the most important factors that are stimulating a positive growth of the market.

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Competitive Landscape

The global oligonucleotide synthesis market includes a number of key players, including Bioautomation Corporation (U.S.), GE Healthcare (U.S.), Integrated DNA Technologies, Inc (U.S), Thermo Fisher Scientific Inc. (U.S.), Nitto Denko Avecia Inc. (Japan), Agilent Technologies Inc. (U.S.), L.G.C Biosearch Technologies (U.S.), Sigma-Aldrich Corporation (U.S.), Eurogentec S.A (Belgium), Eurofins Genomics (Germany), and others. The players in the market are coming-up with new solutions and services and are continuously striving for development.

December 2018, Creative Biogene, one of the trusted manufacturers and providers of proteomics and genomics products and services, announced the unveiling of a professional Oligonucleotide Synthesis Service. The service is launched to promote the development of oligonucleotide-based scientific research.

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Cancer Diagnostics Market Size – Rising New Technologies Research Forecast to 2027

Cancer Diagnostics Market -Overview

The surge in cancer diagnoses globally is estimated to fuel the progress of the Cancer Diagnostics Market. The market’s report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. By 2025, the market is on track to earn USD 163,000 Million by 2025 with an 8.9% CAGR.

The advancement in diagnostic markers and science has led to the development of the cancer diagnostics market in the forthcoming period. The improvement in reimbursement policies is estimated to support the expansion of the cancer diagnostics market in the impending period.

Segmental Analysis

The segmental overview of the cancer diagnostics market is carried out on the basis of type, application, end user and regions. The cancer diagnostics market’s application segment comprises breast cancer, colorectal cancer, melanoma cancer, lung cancer, prostate cancer, and liver cancer. The cancer diagnostics market’s end user segment comprises hospitals and clinics, diagnostic centers, and research institutes. The region segment of the cancer diagnostics market comprises of the Americas, the Middle East, Africa, Europe, and the Asia Pacific. The type segment of the cancer diagnostics market comprises of biomarkers testing, biopsy, imaging testing, and in-vitro diagnostic testing.

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Regional Overview

The regional examination of the cancer diagnostics market comprises of the Americas, the Middle East, Africa, Europe, and the Asia Pacific. The Americas cancer diagnostics market governed the global market due to the mounting elderly inhabitants, the firm healthcare sector, and growing healthcare spending. The European cancer diagnostics market held the second major part of the cancer diagnostics market. The growing awareness about cancer, technological developments in the region, and mounting demand for efficient handling and diagnostics for cancer is anticipated to drive the development of the regional cancer diagnostics market. Germany directed the largest portion in the European market for cancer diagnostics. The Asia-Pacific cancer diagnostics market is anticipated to register the fastest development in the cancer diagnostics market throughout the forecast period owing to the incidence of a large patient collection and snowballing government proposals for the growth of the healthcare sector in the region. Nations in Asia-Pacific are implementing advanced treatment options, which in turn powers the cancer diagnostics market growth in this region.

Competitive Analysis

The market is projected to witness a period of turbulence with the impact of the pandemic on the workforce and the economy as a whole. The collaborative efforts of the market contenders are expected to broaden the horizons for development in the foreseeable future. The measures being undertaken to ensure seamless functioning of the market is estimated to lay off in the long run. The investment towards cutting-edge technology is anticipated to take a sharp surge with amplified funding accessibility. The formation of strong trade relations among several regions is forecasted to have a beneficial effect on growth. The focus on the client’s needs is estimated to be more important than before as changes in living standards can have a notable bearing on the popularity of certain market trends. The contenders in the market are likely to see aggressive competition in the coming years. The reimagined market structure is predicted to rely on a combination of robust online selling capabilities and a capable supply chain.

The distinguished companies in the cancer diagnostic market are Arquer Diagnostics Ltd, Illumina, Inc., Becton, Dickinson and Company (BD), BioMark Diagnostics Inc., Biotheranostics, Exact Sciences Corporation, Cancer Diagnostics, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., GE Healthcare, QIAGEN N.V., Roche Diagnostics, Siemens Healthcare, Abbott Laboratories, Inc., and Koninklijke Philips N.V., Inc.

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Industry Updates:

Apr 2021 A novel study at El Camino Health found enhanced precision and accuracy for lung nodule biopsies through the newest in robotics technology. The Mountain View-based health system persists in advancing medicine to identify and heal lung cancer and other ailments through the Ion Endoluminal Robotic Bronchoscopy System. The novel study showed increased access directing to better diagnoses and recognized that side effects were negligible.

Apr 2021 Castle Biosciences, Inc., a skin cancer diagnostics business presenting personalized genomic data to improve cancer treatment choices, declared it had signed a definitive contract to acquire all of the equity of Myriad myPath, LLC, from Myriad Genetics. Myriad myPath Laboratory is a CLIA-certified laboratory in the US, where the myPath Melanoma 23-gene expression profile (GEP) assay was developed and is presently owned and presented. Castle is attaining Myriad myPath Laboratory for USD 32.5 million. Castle will support the acquisition value with cash, and cash equals on hand.

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Organ Preservation Market Size Analysis by Growth Application, Segmentation and Forecast to 2027

Market Highlights:

Acknowledging the kind of accruals, this market is garnering at present; Market Research Future (MRFR) in its recently published study report confirms that the global Organ Preservation Market will grow exponentially by 2023, posting a CAGR of approximately 8% during the forecast period of 2018–2023.

Organ preservation as the name suggests refers to the preservation of various healthy organs harvested from deceased or alive donors. Organ preservation processes are just not limited to the preservation of successfully achieved organs, but these also ensure the feasibility and viability of these organs after prolonged ischemia. Usually, the devices used in organ preservation process ensure controlled temperature and regulated metabolites to impede harvested organs’ metabolism.

Additionally, fluids that would be constantly pumped would ensure that these organs remain alive and active, even when on the move. Such preserved organs are later used for various transplant procedures such as heart, kidney, uterus, eyes and many others. Spreading awareness about the organ preservation process is a predominant factor, driving the growth of the organ preservation market. Moreover, the substantial investment transpired in this field are supporting the market to grow pervasively, garnering exponential accruals.

Additional factors substantiating market growth include the increasing number of facilities, worldwide and the growing focus of federal agencies to develop public preservation units. Furthermore, the increasing prevalence of cardiovascular disorders, renal disorders along with rising elder population are fostering the market growth, increasing the organ failure patient population.

Also, the rising cases of alcoholic fatty liver disease which can further lead to liver failure fuel the growth of the market. Additionally, various government legislative reforms propel the market growth, providing regulatory guidelines to medical device manufacturing companies and pharmaceutical companies.

On the flip side, the high cost involved with the preservation processes is expected to obstruct the market growth during the forecast period. Nevertheless, factors such as the growing population, the wide uptake of advanced technologies, and the availability of infrastructure for implementation of organ preservation are expected to support market growth, providing huge impetus.

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Global Organ Preservation Market – Segmentations:

MRFR has segmented the analysis into five key dynamics for better understanding:

By Preservation Solutions: Perfadex, University of Wisconsin (UW) Solution, Custodiol HTK, Celsior Solution, Citrate Solutions, and Collins Solution among others.

By Organ Type: Liver, Kidney, Heart, and Lungs among others.

By Preservation Technique: Static Cold Storage and Dynamic Cold Storage among others.

By End-user: Organ Banks, Hospitals and Clinics, among others.

By Regions: Europe, North America, APAC and the Rest-of-the-World.

Global Organ Preservation Market – Regional Analysis:

The North America region accounts for the leading market for organ preservation, holding the largest market share, globally owing to the increasing awareness about organ preservation. Simultaneously, factors such as the growing number of service providers, growing investments in public banking and reduction in the cost involved in preservation process are further expected to support the regional market to create a large revenue pocket during the forecast period.

Moreover, factors substantiating the market growth include the availability of specialized technique, the presence of a considerable number of organ preservation centers, strong support from the government and various organizations, and great patient fulfillment with the high quality, low-cost services provided in the region.

The organ preservation market in the European region accounts for the second-largest market owing to the increasing healthcare expenditure, availability of advanced treatment facilities, and government initiatives. The European region is projected to register a striking CAGR during the review period. Increasing cardiovascular issues are contributing to the market growth in the region.

Whereas, the increasing demand for more organ preservation centers drives the growth in the APAC market. Owing to the proliferating infrastructures and rising funding in healthcare, mainly in countries like China and India the organ preservation in the Asia Pacific region is emerging as one of the lucrative markets, globally.

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Global Organ Preservation Market – Competitive Landscape:

The market for organ preservation appears fragmented and fiercely competitive with the presence of various big small-scale players forming a competitive edge. Key players try to gain a competitive advantage through the strategic partnership, acquisition, collaboration, product technology launch, and expansion. These players invest heavily in the development of facilities to achieve their mission success.

Key Players:

Some of the leaders driving the global organ preservation market include Bristol-Myers Squibb, Xvivo Perfusion AB, Essential Pharmaceuticals LLC, Franz Kohler Chemie GmbH, BioLife Solutions, Inc., Claris Lifesciences Limited, Lifeline Scientific, ToleroTech, Inc., 21st Century Medicine, and CryoLife, Inc.

Industry/Innovation/Related News:

December 04, 2018 – Global Transplant Solutions (Canada), a leading global player involved into the organ procurement, organ preservation solutions and transplant announced the receiving of a USD 150,000 MN investment from SC Launch, SCRA’s entrepreneurial program. The company has received FDA clearance for two products in the United States market. The company is awaiting FDA clearance for four additional solutions.

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