Market Trends of Organ Preservation Industry
Liver Segment holds Significant Share of the Organ Preservation Market
Liver preservation, also called hepatic preservation, can help save one's life when the liver no longer works. A doctor may advise a liver transplant from a preserved liver for a person with end-stage liver disease. The segment is driven by the growing prevalence of liver diseases, increased liver transplants, and various products launched by the key market players. For instance, according to Johns Hopkins Medicine, in June 2022, of the 138 liver transplants performed at Johns Hopkins in 2021, about 14% involved a living donor. Furthermore, according to an article published by Medscape, in April 2022, 9236 patients received a liver transplant and 12,800 patients were added to the waiting list for a liver transplant in the previous year. Thus, the surge in the number of patients requiring liver transplants is expected to increase the demand for liver preservation, therefore driving the growth of the market.
Technological advancement and increased product launches are expected to propel the market's growth. For instance, in November 2021, Paragonix Technologies, a donor organ preservation and transport system manufacturer, introduced the LIVERguard Donor Liver Preservation System in the United States and Europe. Similarly, in September 2021, TransMedics Group, Inc., received the U.S. Food and Drug Administration (FDA) premarket approval (PMA) for the OCS Liver System for use with organs from donors who died after brain death (DBD) and after circulatory death (DCD).
Thus, owing to rising company activiites, the growing prevalence of liver diseases and increased liver transplants are expected to boost segment growth over the forecast period.
North America Hold Significant share in the Global Organ Preservation Market
The rising demand for organ transplantation and product launches by the key market players is propelling market growth across the entire region. As per the data published by the Health Resources and Services Administration in March 2022, about 40,000 organ transplants were performed in the United States in 2021. In addition, 26,670 kidney transplants and 9,236 live transplants were performed in 2021 the United States. Moreover, according to updates in June 2022, 2,782 organ transplants were done in Canada in the previous year. In 78% of transplants, deceased donor organs were used, while 21% used living donor organs. Institutes of Health Information Canadian, The rising demand for organ transplantation is expected to increase the demand for reliable organ preservation systems.
Several initiatives launched by the NGOs in the United States encourage organ donation, which may further contribute to market growth over the forecast period. For instance, in October 2021, Donate Life Kentucky launched a new awareness campaign, "Be The One," to raise awareness about organ donation and transplantation among Black communities around the state.
Moreover, in May 2022, X-Therma Inc. announced that the Center for Devices and Radiological Health (CDRH) of the Food and Drug Administration (FDA) has granted its proprietary organ preservation solution, XT-ViVo, and TimeSeal Organ Transport Device, Breakthrough Device status.
All these factors create a favorable scenario for organ donation and organ transplants across the region, eventually fuelling market growth.
