According to our new research study on “Organ Preservation Solutions Market Forecast to 2028 – COVID-19 Impact and Analysis – by Solution, Technique, and Organ Type,” the market is projected to reach US$ 367.26 Million by 2028 from US$ 235.56 Million in 2021; it is expected to register a CAGR of 6.5% during 2021–2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
Organ preservation solutions are used to protect organs prior to transplantation as they often collapse once removed from the human body. Organ preservation processes are employed for preserving organs for future applications such as transplantation and research. The growing global interest in organ transplantation procedures is likely to encourage developments in organ preservation techniques. In line with this, the development of mechanical techniques for would drive the demand for organ preservation solutions in the coming years
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The organ preservation solutions market majorly consists of the players such as companies such Waters Medical Systems LLC, XVIVO Perfusion, TransMedics, OrganOx Limited, Paragonix Technologies, Inc, Dr. Franz Koehler Chemie GmbH, Accord Healthcare, 21ST CENTURY MEDICINE, Shanghai Genext Pharmaceutical Technology, and Bridge to Life Ltd amongst others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Whereas, the inorganic strategies such as mergers & acquisitions, partnership, collaborations, were widely seen in the Organ Preservation Solutions market.
On the other hand, the R&D activities in the pharmaceuticals and biotechnology sectors are growing aggressively. The emerging economies are currently seeking assistance from the developed nations for advanced technologies and novel procedures. However, the well-established players are turning to the emerging nations for their expansions as these nations have enormous potential to offer market growth. Countries such as Australia, Canada, China, France, Germany, India, Japan, South Korea, the UK, and Spain have large biotech hubs. These countries are engaged in R&D activities for the application of biotechnology and its sub-sectors. Owing to the above-mentioned factors, the emerging regions are likely to create growth opportunities for the organ preservation solutions market in the coming years.
Several in organic approaches, such as product launches, and expansion in the Organ Preservation Solutions market, have resulted in the positive growth of the market. Likewise, inorganic strategies such as mergers & acquisitions, and collaboration have help the company to strengthen its revenue, which allows the company to hold a strong position in the market.
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