Market Trends of Europe Organ Preservation Industry
Kidney Segment is Expected to Witness Significant Growth During the Forecast Period
- Kidney transplantation remains one of the most effective treatments for end-stage kidney disease, which affects millions of people. As the demand for kidney transplants continues to rise, so does the need for efficient organ preservation techniques to ensure the success of transplantation procedures. High risk of kidney disease and chances of complications are expected to drive segmental growth. For instance, according to the International Society of Nephrology report in May 2023, high-risk organs were associated with increased complications affecting the kidneys. Recipients of these high-risk kidneys are expected to require dialysis for one or two weeks after transplantation, a significant public health cost. The optimized pre-transplant preservation of these high-risk organs is necessary to reduce complications and improve the overall function of the transplanted organ. This is expected to increase the demand for kidney preservation, thereby driving market growth.
- Additionally, various government support programs to advance kidney transplantation in the country are further expected to drive the segment growth during the forecast period. For instance, in November 2023, Spain proposed a resolution on transplantation during the next World Health Assembly to ensure transplantation continues to have a significant position in global health policy.
- Furthermore, technological advancement in the segment is expected to drive the growth of the market. For instance, in May 2023, the Cliniques Universitaires Saint-Luc Transplantation Centre and the Institute of Experimental and Clinical Research (IREC) at the Université Catholique de Louvain (UCL) in Belgium developed an innovative method for preserving kidney grafts using oxygen. Such an initiative is expected to drive segmental growth during the forecast period.
- Thus, the increase in demand for kidney preservation cases before transplantation and the rise in new techniques to be implemented for kidney preservation are expected to drive the growth of the studied segment during the forecast period.
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The United Kingdom is Expected to Dominate the European Organ Preservation Market During the Forecast Period
- The United Kingdom is expected to witness significant growth in the market for organ preservation in Europe due to an increase in patients who require organ transplants. For instance, the NHS Organ Donor Register and National Transplant Register facilitated nearly 4,600 transplants during 2022-2023. Furthermore, as per the same source, 7,512 people were estimated to be on the waiting list for organ transplantation in the United Kingdom as of April 2024. Besides, 381 people have received transplants since April 2024 in the country. Thus, with an increased need for organ transplants, the demand for organ preservation increased, leading to market growth during the forecast period.
- Moreover, various initiatives taken by key players, such as product launches, mergers, acquisitions, and partnerships to increase the footprint, are expected to boost the market's growth during the forecast period. For instance, in July 2023, UK-based organ preservation company OrganOx received USD 25 million in cash injection. OrganOx used the new money to scale up its commercial presence and further validate the efficacy of its Metra system. The company focused on developing an innovative technology that increases the number of organs available for transplantation by creating an environment that is similar to the human body.
- Thus, owing to the increase in organ transplant cases and the presence of advanced organ preservation technologies, the market studied is expected to grow in the United Kingdom during the forecast period.
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