Rising Consumer Awareness is boosting The Global Organ Preservation Market to reach USD 262 million by 2021.

Hyderabad, India -- (SBWire) -- 01/15/2018 --The Global Organ Preservation Market is worth USD 180 million in 2016 and estimated to grow at a CAGR of 7.8%, to reach USD 262 million by 2021. The global Organ Preservation market is developing at an exceptionally quick pace

The ability to replace organs and tissues on demand could save or improve millions of lives each year globally and create public health benefits on par with curing cancer. Unmet needs for organ and tissue preservation place enormous logistical limitations on transplantation, regenerative medicine, drug discovery, and a variety of rapidly advancing areas spanning biomedicine. A growing coalition of researchers, clinicians, advocacy organizations, academic institutions, and other stakeholders has assembled to address the unmet need for preservation advances, outlining remaining challenges and identifying areas of underinvestment and untapped opportunities. Meanwhile, recent discoveries provide proofs of principle for breakthroughs in a family of research areas surrounding bio-preservation. These developments indicate that a new paradigm, integrating multiple existing preservation approaches and new technologies that have flourished in the past 10 years, could transform preservation research. Capitalizing on these opportunities will require engagement across many research areas and stakeholder groups. A coordinated effort is needed to expedite preservation advances that can transform several areas of medicine and medical science.

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The main pushing factors for organ preservation market is increasing strong organ transplantation strategies. Moreover, expanding geriatric population, combined with rising multi-organ breakdown cases is likewise anticipated that would help this market in coming five years. Besides, expanding government activities to advance organ gift will likewise fuel the development in this market.

The high cost of procurement and restricted extension at the level of high-end clients are enough to hamper the market development in coming few years. Notwithstanding these limits, innovative work in the organ preservation market are relied upon to be an open door for this market in the forecast period.

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The Global market for Organ Preservation is segmented on the basis of Preservation Solution, Transportation Technique, Organ Type and region. Based on Preservation Solution, the market is segmented into UW, Custodiol HTK and Perfadex. Based on Transportation Technique, the market is segmented into Static Cold Storage, Hypothermic Machine Perfusion, and Normothermic Machine Perfusion. Based on Organ Type, the market is segmented into Kidneys, liver and lung. Preservation of kidney accounted for the biggest market share in 2016 owing to the increasing aging population coupled with increasing prevalence of kidney failures. According to National kidney foundation, more than 80% of all patients who receive treatment for kidney failure are in affluent countries with universal access to health care and large elderly populations.

Geographically, the Organ Preservation market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second largest shareholder for the market during the forecast period.

Essential Pharmaceuticals (U.S.), Dr. Franz Kohler Chemie GmbH (Germany), Organ Recovery Systems (U.S.), Xvivo Perfusion AB (Sweden), and Waters Medical Systems LLC (U.S.), among others are the leaders in the global Organ Preservation market.

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