According to FutureWise analysis the market for Organ Care Products in 2023 is US$ 142.68 million, and is expected to reach US$ 468.41 million by 2031 at a CAGR of 16%.
A medical device used to preserve donor organs for transplantation is called an organ care product. Transplant teams use these procedures to ensure that transplant organs function properly. Keeping transplanted or donor organs at a safe temperature is the purpose of this technique. Another name for this technique is "heart in a box." Organs are kept in excellent condition before transplantation and are completely manageable. By perfusing the donor's blood via the organ, the approach corresponds to the traditional methods of preserving organs by freezing or running them in conditions comparable to those of the human body. This technology can monitor organs like the kidney, liver, heart, and lungs to ensure they function properly. One or more pump units, thermo units, and trolleys are included in organ care products. It is expected that the organ care products market will gain substantial growth during the forecast period due to the increasing number of patients suffering from cardiovascular diseases and the increasing rate of heart transplantations. Over the years, organ transplantation mechanisms have evolved considerably. As a result of innovations and significant research, products have been developed that support the preservation of organs for longer periods of time. In organ care products, devices are designed to preserve donated organs for an extended period of time. This prevents last-minute panic regarding the availability of organs and allows the organs to be used at the right time for the right transplant procedure. Organ care products market growth prospects will be enhanced by the benefits associated with these products. A growing geriatric population will profoundly affect the growth trajectory of the organ care products market. Elderly people are more likely to suffer organ failure. As a result, this population requires a large number of organs. There are several factors that favor growth in these areas. It is estimated that the global population is under-aware of how important organ donation is. As a result of myths surrounding organ donation, the overall rate of organ donation is also declining. Organ donations from brain-dead people are extremely rare. It is unlikely that organ donation rates will increase without awareness, ultimately affecting the growth structure.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Organ Care Products Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Organ Care Products Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.