North America Organ Preservation Solutions Market to Grow at a CAGR of 6.8% to reach US$ 162.88 million Million from 2021 to 2028

North America 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)

  • Report Code : TIPRE00025778
  • Category : Biotechnology
  • Status : Published
  • No. of Pages : 120
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The organ preservation solutions market in North America is expected to grow from US$ 102.86 million in 2021 to US$ 162.88 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Growing demand for organ transplantation is the major factor driving the growth of the North America organ preservation solutions market. Organ transplantation is a surgical procedure used when a patient's organ no longer functions properly. Organ transplantation is most for heart, liver, and kidney. However, the rising prevalence of chronic diseases is necessitating organ transplantation for organs such as the lung, pancreas, cornea, and vascular tissues. Organ transplantation is regarded as one of the most significant advances in modern medicine. Rise in chronic diseases that cause damage to the functions of the heart, lung, liver, kidney, and other organs is leading to an increase in the number of organ transplants. Moreover, excessive alcohol consumption leads to liver cirrhosis and ultimately needs liver transplant and a poor diet contribute to the development of renal and hepatic illnesses, which can lead to organ failure. This is yet another factor contributing to the growth of the organ transplantation and therefore preservation solutions market. Transplantation surgeries are becoming more common. The developed countries have seen an increase in the number of organ transplant surgeries. According to the National Chronic Kidney Disease Fact Sheet 2017 (US), approximately 30 million people in the US are estimated to have chronic kidney disease. Similarly, the National Institute of Diabetes and Digestive and Kidney Diseases reported that in 2017 nearly 661,000 Americans have kidney failure, with 468,000 undergoing dialyses and approximately 193,000 undergoing kidney transplantations. As a result, the rising incidence of chronic kidney diseases is likely to increase the demand for kidney transplantation in the coming years, which boosts the need for solutions to keep the organs in a healthy condition. Similarly, it is expected that the rising cases of heart diseases will drive the market in the coming years.

In North America, the COVID-19 pandemic has had a significant impact on the US. The country has recorded the highest number of cases in the region. Various healthcare research centers across the country were solely focused on COVID 19 treatments. Due to the scarcity of physicians in the area, the focus of healthcare facilities has shifted from organ transplantation and other surgeries to the COVID-19 management. On the other hand, COVID-19 causes complications in individual solid organ transplant candidates and recipients, as well as in the organ transplantation procedures. Based on the detection of viral RNA in organs that can be transplanted (e.g., lung, heart, kidney, intestine), there is a theoretical risk of transmitting SARS-CoV-2 (the virus that causes COVID-19) from an organ donor to a recipient; however, only a single donor-derived infection from a lung recipient has been reported in the US to date. As solid organ transplant recipients are immunocompromised, they may be at a greater risk of contracting COVID-19 after transplantation, although this link has not been explored. In addition, various recommendations have been noted in the vaccination plan of organ transplantation patients. These instructions are in line with the advice and guidance of the International Society for Heart and Lung Transplantation (ISHLT); the American Society of Transplantation (AST) also recommends vaccination at least two weeks prior to transplantation. COVID-19-related issues have hampered organ transplantation in the region, posing a threat to the organ preservation solution 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 North America organ preservation solutions market. The North America organ preservation solutions market is expected to grow at a good CAGR during the forecast period.
North America organ preservation solutions market

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North America Organ Preservation Solutions Market Segmentation

North America Organ Preservation Solutions Market – By Solution

  • University of Wisconsin Solution (UW)
  • Custodiol HTK
  • Perfadex
  • Others

North America Organ Preservation Solutions Market – By Technique

  • Static Cold Storage
  • Hypothermic Machine Perfusion
  • Normothermic Machine Perfusion
  • Others

North America Organ Preservation Solutions Market – By Organ Type

  • Kidneys
  • Liver
  • Lungs
  • Heart
  • Others

North America Organ Preservation Solutions Market, by Country

  • US
  • Canada
  • Mexico

North America Organ Preservation Solutions Market - Companies Mentioned

  • 21ST CENTURY MEDICINE
  • Accord Healthcare
  • Bridge to Life Ltd
  • Dr. Franz Koehler Chemie GmbH
  • OrganOx Limited
  • Paragonix Technologies, Inc
  • TransMedics
  • Waters Medical Systems LLC
  • XVIVO Perfusion

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

  1. 21ST CENTURY MEDICINE
  2. Accord Healthcare
  3. Bridge to Life Ltd
  4. Dr. Franz Koehler Chemie GmbH
  5. OrganOx Limited
  6. Paragonix Technologies, Inc
  7. TransMedics
  8. Waters Medical Systems LLC
  9. XVIVO Perfusion

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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