Organ Care Products Market Analysis and Forecast to 2032: by Product Type (Trolley and Portable), Organ Type (Kidney, Liver, Heart, and Lungs), and End User (Hospitals, Ambulatory Surgical Centers, and Others), and Region

Organ Care Products Market Analysis and Forecast to 2032: by Product Type (Trolley and Portable), Organ Type (Kidney, Liver, Heart, and Lungs), and End User (Hospitals, Ambulatory Surgical Centers, and Others), and Region

The global Organ Care Products Market was valued at USD 1.4 Billion in 2022 and it is anticipated to grow up to USD 2.8 Billion by 2032, at a CAGR of 7.2% during the forecast period.

Organ care products are medical devices developed for storing donor organs for a longer period while providing the necessary nutrients to the organ. This device is used to store organs for a specified period. Organs must be kept in optimal conditions and can be entirely managed before an organ transplant. This technology aids in monitoring organs such as kidney, liver, heart, and lungs to ensure optimum conditions. Organ care products contain one or more pump units, thermo units, and trolleys. Furthermore, organ care products can be customized for different types of organs.

Global Organ Care Products Market Scope and Report Structure

Market Trends and Drivers

Technological advancements in organ care products market will further create significant growth opportunities. Product developments have improved the quality of organ care, thereby increasing procedural success rate. New technologies providing advanced features and enabling easy functioning will boost the product acceptance rate. Furthermore, benefits associated with organ care systems such as organ preservation at optimal condition, easy transportation and convenience in workflow will propel the industry growth. However, high cost of transplantation procedures restricts the preference in low and middle-income groups.

Market Restraints and Challenges

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Global Organ Care Products Market Segmental Overview

The report analyses the global Organ Care Products Market based on type, organ type, end-user, and region.

Global Organ Care Products Market by Type

On the basis of type, it is segmented into portable, and trolly-based. Portable organ care products market accounted for more than xx% of revenue share in 2022 due to the increasing adoption of portable devices as it offers high mobility and convenience during the transport. Further, the development of innovative systems for expanded application areas will offer unprecedented growth opportunities. As portable system helps in easy organ monitoring, it assists professionals to improve patient throughput. Therefore, high product acceptance will foster segment expansion.

Global Organ Care Products Market by Organ Type

By organ type, the industry is classified into Kidney, Liver, Heart, Lungs, and Others. Among these heart segment accounted for USD xx Million in 2022. Population aging and lifestyle changes are some of the prominent factors responsible for the segment growth as it increases the risk of heart failure. Increasing need for heart transplantation to cater growing disease burden will offer growth opportunities to the segment. Further, the need for optimal solutions to reduce procedural complexity and time will drive the product demand.

Global Organ Care Products Market by End-user

By end-user, organ care products market has been segmented into hospital, ambulatory surgical center, and others. During the forecast period, the hospital segment is expected to grow at the fastest CAGR of xxx% in the market. The segmental growth is attributed to the rising prevalence of respiratory diseases along with the growing need for critical patient care. According to the Center for Disease Control and Prevention report, every year, approximately 136 million patients visit emergency rooms in the U.S. Furthermore, emergency centers are equipped with experienced physicians and crisis management teams. These teams are thoroughly trained and prepared for emergencies. Such advantages lead to business expansion.

Geographical Analysis of Global Organ Care Products Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to hold a significant market share owing to the rising demand for organ transplantations and increasing organ donation. Additionally, the quick adoption of advanced technologies in the organ's care systems and the presence of key market players are driving factors for the North American market. For instance, the data published by Organdonor.gov in March 2022 mentioned that nearly 105,800 patients were on the national transplant waiting list. The report also noted that more than 40,000 transplants were performed in 2021. Similarly, the CIHI data published in June 2022 mentioned that 2,782 organ transplants were performed in Canada in 2021. Such a high volume of organ transplant surgeries and increasing demand for organ transplantations are expected to contribute to the region's market growth. The prevalence of organ failure is another contributing factor. The data published by American Kidney Fund in February 2022 mentioned that nearly 810,000 Americans survive kidney failure, and over 240,00 Americans live with kidney transplants.

Major Players in the Global Catamaran Market

The Organ Care Products Marketis moderately competitive and consists of numerous prominent players. In terms of market share, few of these significant players with substantial market share currently dominate the market and are focusing on increasing their customer base across overseas locations. The companies are also leveraging strategic collaborative initiatives to capture more market share and improve their profitability.

The key players in the Organ Care Products Market are Bridge to life Ltd., TransMedics, Inc., XVIVO, OrganOx Limited, Organ Recovery Systems, Paragonix Technologies, Inc., INSTITUT GEORGES LOPEZ, Preservation Solution Inc., Organ assist BV, and Water Medical System, among others.

COVID-19 Impact:

COVID-19 is an infectious disease that first emerged in late December in Hubei province of the Wuhan city in China. The virus that causes, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is highly infectious and is transmitted from person to person. Since the outbreak in December 2019, the disease has spread to almost 213 countries across the globe with the World Health Organization declaring it a pandemic on March 11, 2020. There is an increase in the demand for medical supplies needed for the infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the primarily used medical devices in clinical treatment. COVID-19 has also resulted in significant increase in the demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. The need for medical supplies has increased among both from the healthcare professionals and the civil population for precautionary measures, owing to rise in number of COVID-19 cases worldwide. Manufacturers of these products have an opportunity to profit from this increased demand for medical supplies to ensure appropriate and consistent supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the organ care products market.

Recent Developments:

In December 2021, OrganOx announced the USFDA premarket approval of Metra system. It is a fully automated NMP (normothermic machine perfusion) device to preserve and transport donor livers for transplantation. The marketing approval includes livers from donors after brain death (DBD) and donors after circulatory death (DCD).

In October 2021, Paragonix Technologies announced the clinical and commercial launch of the LIVERguard Donor Liver Preservation System in the US and Europe, along with its global clinical registry GUARDIAN-LIVER (Global Utilization and Registry Database for Improved preservation of donor LIVERs). This system is 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 hemodynamic 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.



Frequently Asked Questions

Q1. How big is the Catamaran market?

Ans. The global Organ Care Products Market was valued at USD 1.4 Billion in 2022 and it is anticipated to grow up to USD 2.8 Billion by 2032, at a CAGR of 7.2% during the forecast period.

Q2. What is the Organ Care Products Market growth rate?

Ans. The growth rate of the Organ Care Products Market is 15.6%

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the Organ Care Products Market in 2021.

Q4. Which segment accounted for the largest Organ Care Products Market share?

Ans. By end-user, the military segment accounted for the largest Organ Care Products Market share.

Q5. Who are the key players in the kidney stones management market?

Ans. The global Organ Care Products Market report includes players such as are Bridge to life Ltd., TransMedics, Inc., XVIVO, OrganOx Limited, Organ Recovery Systems, Paragonix Technologies, Inc., INSTITUT GEORGES LOPEZ, Preservation Solution Inc., Organ assist BV, and Water Medical System, among others.

Q6. What are the factors driving the Organ Care Products Market growth?

Ans. Increase in the prevalence of chronic diseases, rise in geriatric population surge in adoption of unhealthy lifestyle, rise in cases of organ failures, increase in awareness about the organ transplant, and surge in alcohol & cigarettes consumption drive the growth of the organ care products market.

Q7. What are the key growth strategies of Organ Care Products Market players?

Ans. The key growth strategies of Organ Care Products Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Organ Care Products Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Organ Care Products Market during the forecast period.

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