Analysis of Organ care products market by 2027

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Organ Care Products Market Trends Research And
Projections For 2020- 2027

• A research study conducted by Global Market
  Insights, Inc., suggests that organ care products
  market is likely to exceed the 250 Million mark
  by 2027, in terms of revenue. Robust demand for
  efficient organ care systems to support organ
  donors during transplantation will give the
  global organ care products industry size a
  commendable boost over the projected timeframe.
  There has been escalating need for
  transplantation procedures, driven by the
  increasing rate of hospital admissions due to
  organ failure.
• Increased efficiency of advanced organ care
  machines during preservation and transportation
  has contributed to the rising product popularity.
  Key market participants are focusing on the
  expansion of their product applications with an
  aim to boost the customer base. These aforesaid
  factors, alongside the introduction of portable
  perfusion systems to monitor the organs at the
  metabolically active state, will create ideal
  growth conditions for the industry in years to
  come.

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• In terms of segmentation by organ type, the liver
  segment is set to depict a 13.4 CAGR through
  2027, on account of the increasing rate of liver
  failures due to multiple factors like excessive
  consumption of acetaminophen, metabolic diseases,
  autoimmune diseases, and toxins. According to the
  Global Observatory on Donation
  Transplantations reports, there were nearly
  34,074 cases of liver transplantation in 2018.

• Considering the product type, the trolly segment
  accounted for more than 57 of the organ care
  products market share in 2020, which can be
  credited to its high costs and other associated
  benefits of reusability. In addition, the
  widespread adoption of trolly-based systems is
  further attributable to its convenience and ease
  of handling.

• The implementation of strict regulations on
  healthcare procedures and movement restrictions
  during the COVID-19 pandemic have severely
  impacted the procedural rate of solid organ
  transplants in highly impacted regions. During
  these unprecedented times, both patients and
  healthcare providers are imperiled due to the
  limited availability of resources for organ
  diagnosis and care. The challenges in
  continuously performing resource-intense
  procedures for patients with end-stage liver
  diseases may create a moderate impact on the
  organ care products market outlook across the
  globe.

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• Regional Analysis

• From a regional perspective, the Asia Pacific
  organ care products industry is poised to exhibit
  a CAGR of 15.5 through 2027, as a result of the
  considerable increase in organ transplantations
  in China, India, and other emerging economies. A
  large population base in the region is at risk of
  chronic kidney and other cardiovascular diseases,
  which are the major causes of organ failure.
  Growing medical tourism, low treatment costs for
  liver transplants other surgical procedures,
  high accessibility to treatment, and rapid
  adoption of advanced organ care products will
  further expand the product scope in the region
  over the estimated timeframe.

• Competitive Analysis

• Key organ care products market participants
  include Paragonix Technologies, Inc., Bridge to
  Life, XVIVO Perfusion AB, and TransMedics, among
  others. These companies are incorporating
  strategies like MA, innovative product launches,
  and business expansions to gain a competitive
  advantage over rivals

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