GMI Organ Preservation Market

Organ Preservation Market– Global Industry Analysis Report, Share, Growth, Price Trends and Forecast, 2017 – 2024: Global Market Insights Inc. Organ Preservation Market size should foresee significant growth due to consistent increase in the demand for body part transplantation over the last few years. The successful survival and high success rates of transplanted body parts including liver, kidney, and heart has elevated the global demand for transplantation surgeries. Transplantation is the only available procedure for the patients with end-stage organ failure. Increasing incidences of kidney, hearth, and lung failure will fuel the demand. The risk of failures further rises with the increasing age and presence of various clinical condition including diabetic nephropathy and cardiovascular diseases. According to the Australian Government, Department of Health, in 2014 around 203,400 Australians reported to have kidney disease out of which 10,143 people received kidney transplant. Growing government initiatives to promote the body part donation to bridge the demand and supply gap will influence the organ preservation market size over the forecast period. Mass communication methods targeting the people to educate them about the donation of body parts is most common method that will increase the number of donations in future. Moreover, several technological advancements coupled with the increasing disposable income will further fuel the business growth. R&D focused at developing alternatives to the transplantation will act as a restraint. For instance, efforts are being taken to develop the organs for transplantation from stem cells. The advent of 3D bioprinting technologies to develop human body parts such as heart, brains and arteries will act as a barrier. The limited number of donors coupled and excessive cost pertaining to the transplantation procedure may further limit the growth. UW solution, developed by University of Wisconsin through the experiments designed to understand organ damage, is the most widely used solution for the body part preservation. The solution is applicable in the preservation of kidney, liver, pancreas and heart. However, the potential disadvantages such as poor initial perfusion of the graft and excessive cost associated with the use of UW solution can hinder the product share. 1 | Page