Global
Organ Preservation Solutions Market: Snapshot
The
global market for organ preservation solutions is expected to witness
substantial growth throughout the forecast period. The rising number
of opportunities through strategic partnership with research
organizations and medical institutions is projected to help the
prominent players in expanding their consumer base. In addition, the
growing focus on advanced in the medical sector is likely to
contribute widely towards the development of the overall market in
the next few years. However, the limited medical reimbursements for
organ transplantation and donation are estimated to curb the growth
of the overall market in the next few years.
According
to the study, in 2012, the global market for organ preservation
solutions was worth US$0.06 bn and is estimated to reach a value of
US$0.20 bn by the end of 2019. Thanks to the rising awareness among
consumers regarding the benefits of donation of organs, the global
market is predicted to register a progressive 16.50% CAGR between
2013 and 2019.
Growing
Awareness Concerning Organ Donation to Accelerate Growth
The
rising NGO and government initiatives to encourage organ donation and
the increasing number of solid-organ transplantation procedures are
some of the vital factors expected to fuel the growth of the global
organ preservation solutions market in the near future. Additionally,
the tremendously rising cases of organ failures worldwide and
technological developments in this field are predicted to supplement
the growth of the market. However, the high cost of organ
transplantation is estimated to restrict the growth of the market in
the near future.
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Rising
Number of Organ Donors to Supplement Growth of Europe Organ
Preservation Solutions Market
From
a geographical perspective, the global organ preservation solutions
market can be divided into Europe, Asia Pacific, North America, and
the Rest of the World. In 2012, Europe led the global market and is
expected to remain in the leading position in the next few years.
Thanks to the technological advancements in this field, the Europe
market for organ preservation solutions is projected to register a
progressive growth rate in the near future. In addition, the
substantial contribution from Spain is expected to accelerate the
growth of the market in the near future.
Furthermore,
the rising number of organ donors and the policy of being an organ
donor after death are some of the factors estimated to contribute
towards the growth of the Europe market. The increasing awareness
regarding the need for organ donation among the people and the rising
number of initiatives taken by government to encourage organ donation
are some of the other factors projected to fuel the growth of the
market in the near future.
Some
of the leading players operating in the organ preservation solutions
market across the globe are Teva Pharmaceutical Industries Ltd.,
Claris Lifesciences Limited, BioTime, Inc., XVIVO Perfusion AB, Dr.
Franz Köhler Chemie GmbH, Lifeline Scientific, CryoLife, Inc.,
ToleroTech, Inc., Bristol-Myers Squibb, BioLife Solutions, Inc., and
21st Century Medicine. The rising number of players in the market are
projected to strengthen the competitive scenario of the global organ
preservation solutions market in the next few years.
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90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Browse market research blog: https://tmrresearch.blogspot.com/
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