Organ Preservation Market Worth 285.63 billion by 2023

LAS VEGAS, Dec. 06, 2017 (GLOBE NEWSWIRE) — A research study titled, “Organ Preservation Market by Technique, Organ Type and Preservation solution – Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Organ Preservation Market is projected to be around $285.63 billion by 2023.

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Market Scenario:

The Organ Preservation Market was worth USD 148.23 billion in the year of 2014 and is expected to reach approximately USD 285.63 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.56% during the forecast period. The improvement of the general preservation business sector can be credited to advancements in technology, expanding government activities to advance organ donation and rising number of strong organ transplant methods and rising multi-organ failure cases in aging population. In the coming years, the organ preservation market is expected to witness the most critical improvement rate in the Asia-Pacific area. North America is predicted to represent to the greatest offer of the overall organ preservation market. In any case, high cost of transplantation is most likely going to restrict the improvement of the market in the midst of the gauge time period.

On the basis of technique the market is segmented into Normothermic Machine Perfusion, Hypothermic Machine Perfusion and Static Cold Storage.The growth of hypothermic machine perfusion can be attributed to factors, for example, ability to provide metabolic support, decreased vasospasm, and better long-term graft survival rates. On the basis of organ type the market is segmented into Liver, Lungs, Heart and kidneys. On the basis of preservation solution the market is segmented into Custodiol HTK, Perfadex and University of Wisconsin (UW).

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Geographically, the market is segmented into Europe, North America, Asia Pacific and Rest of the world. Asia-Pacific is anticipated to grow at the most astounding rate amid the forecast period due to the new regulatory system in China, and rising organ donations in Asia-Pacific.

The leading players in the market are Waters Medical Systems LLC, Xvivo Perfusion, Dr. Franz KöhlerChemie GmbH, Essential Pharmaceuticals LLC and Organ Recovery Systems. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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