Organ care products are medical devices developed for storing donor organs for a longer period while providing the necessary nutrients to the organ. This device is used to store organs for a specified period. Organs must be kept in optimal conditions and can be entirely managed before an organ transplant. This technology aids in monitoring organs such as kidney, liver, heart, and lungs to ensure optimum conditions. Organ care products contain one or more pump units, thermo units, and trolleys. Furthermore, organ care products can be customized for different types of organs.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that first emerged in late December in Hubei province of the Wuhan city in China. The virus that causes, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is highly infectious and is transmitted from person to person. Since the outbreak in December 2019, the disease has spread to almost 213 countries across the globe with the World Health Organization declaring it a pandemic on March 11, 2020.
There is an increase in the demand for medical supplies needed for the infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the primarily used medical devices in clinical treatment. COVID-19 has also resulted in significant increase in the demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. The need for medical supplies has increased among both from the healthcare professionals and the civil population for precautionary measures, owing to rise in number of COVID-19 cases worldwide. Manufacturers of these products have an opportunity to profit from this increased demand for medical supplies to ensure appropriate and consistent supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the organ care products market.
Top Impacting Factors
- Increase in the prevalence of chronic diseases, rise in geriatric population surge in adoption of unhealthy lifestyle, rise in cases of organ failures, increase in awareness about the organ transplant, and surge in alcohol & cigarettes consumption drive the growth of the organ care products market.
- Furthermore, technological developments in organ transplant & preservation methods, rise in cases of obesity and heart-related problems, surge in hospital adoption of advanced organ care systems, R&D activities to improve technology and effectiveness in organ transplant and organ preservation, surge in demand for advance healthcare system, and collaboration & mergers among the key market players to initiate new technologies drive the growth of the organ care product market.
- However, lack of organ donors and lack of awareness about organ donation limit the growth of the market.
- Strong demand for organs and increase in number of patients waiting for organ-transplants are expected to offer lucrative opportunities for the expansion of the market.
Market Trend
New Product Launches to Flourish the Market
TransMedics announced FDA approval for the launch of its heart transportation technology in 2020. This design aids in preservation of donated hearts and their safe transportation until transplantation.
TransMedics received FDA approval for the launch of its Organ Care System for Lungs in 2019. This device is used to evaluate and preserve lungs or larger parts of lungs.
Key Benefits of the Report
- This study presents the analytical depiction of organ care products market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyze to highlight the growth scenario of the organ care products market.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and the competition that will take shape in coming years.
Questions Answered in the Organ Care Products Market Report
- Who are the leading market players active in the organ care products market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the future projections that would help in taking the further strategic steps?
- What is "organ care products"?
- What is the prediction of the "organ care products" market in the future?
- Who are the leading global players in the "organ care products" market?
- What are the current and predicted trends?
- What are the key benefits of the "organ care products" market report?
Organ Care Products Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Organ Type |
|
 By End User |
|
 By Region |
|
 Key Market Players | OrganOx Limited, TransMedics, Organ Recovery Systems Inc., Preservation Solution Inc., Bridge to Life, XVIVO Perfusion AB, Organ Transport System Inc., Organ Assist B.V., Water Medical System LLC, Paragonix Technologies, Inc. |
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