Middle East & Africa Organ Preservation Solutions Market Growth Drivers and Forecast by 2028
Middle East & Africa Organ Preservation Solutions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Solution [University of Wisconsin Solution (UW), Custodiol HTK, Perfadex, and Others], Technique (Static Cold Storage, Hypothermic Machine Perfusion, Normothermic Machine Perfusion, and Others), and Organ Type (Kidneys, Liver, Lungs, Heart, and Others)
- Status : Published
- Report Code : TIPRE00025902
- Category : Life Sciences
- No. of Pages : 103
- Available Report Formats :
- Last update date : November 16, 2021
2021 Market Size
US$ 11.89 Mn
Base year value
2028 Forecast
US$ 17.00 Mn
Projected by 2028
CAGR 2022-2028
5.2 %
Growth rate
Addressable Market
US$ 102.46 Mn
(2022-2028)
The organ preservation solutions market in the MEA is expected to grow from US$ 11.89 million in 2021 to US$ 17.00 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Geriatric population count increasing is the major factor driving the growth of the MEA organ preservation solutions market. The degeneration of various cells or tissues of the body with age leads to a greater risk of chronic diseases. Elderly people are more prone to get affected by the failure of organs such as kidneys, liver, and pancreases. this is mainly ascribed to the changes in the composition and metabolic activities in the ecosystem of the aging human body. With the increasing age, the incidence of organ failure increases as a result of diabetes, cardiovascular diseases (CVDs), obesity, and other serious medical problems, which, in turn, is increasing the demand for organ transplantation, thereby driving the target market.
Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflicts and cannot implement robust public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage, are major impacts observed in the region. The spread of coronavirus in the region caused heavy burdens on healthcare professionals. Cardiac surgeons were overloaded with emergency cardiac surgeries, management of coronavirus patients, and implementation of safety guidelines to prevent the spread of virus. Rapid spread to virus impacted to elective surgeries and organ transplantation procedures. These factors are projected to hamper the growth of MEA organ preservation solutions market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA organ preservation solutions market. The MEA organ preservation solutions market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MEA Organ Preservation Solutions Market Segmentation
MEA Organ Preservation Solutions Market – By Solution
- University of Wisconsin Solution (UW)
- Custodiol HTK
- Perfadex
- Others
MEA Organ Preservation Solutions Market – By Technique
- Static Cold Storage
- Hypothermic Machine Perfusion
- Normothermic Machine Perfusion
- Others
MEA Organ Preservation Solutions Market – By Organ Type
- Kidneys
- Liver
- Lungs
- Heart
- Others
MEA Organ Preservation Solutions Market, by Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Organ Preservation Solutions Market - Companies Mentioned
- Accord Healthcare
- Bridge to Life Ltd
- Shanghai Genext Pharmaceutical Technology
- TransMedics
- Waters Medical Systems LLC
Middle East & Africa Organ Preservation Solutions Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 11.89 Million |
| Market Size by 2028 | US$ 17.00 Million |
| CAGR (2021 - 2028) | 5.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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