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Organ Preservation Market | Global Sales Analysis Report - 2032

In a groundbreaking revelation, the Global Organ Preservation Industry is poised for remarkable expansion, projecting a staggering value of US$ 455 million by the year 2032. This ambitious forecast is underpinned by an impressive Compound Annual Growth Rate (CAGR) of 6.4%, according to a comprehensive report by Future Market Insights Inc.

The field of organ preservation plays a pivotal role in securing the viability of healthy donor organs, ensuring their successful transplantation into recipients. Organ transplantation stands as a transformative medical breakthrough, offering hope and extended life to countless patients worldwide. However, the key to the success of these procedures lies in the meticulous preservation of donor organs.

One of the emerging and crucial technologies in organ preservation is static cold storage (SCS). This method proves to be instrumental in safeguarding the health of donor organs by preventing toxic metabolites from causing damage to the tissues. SCS facilitates the preservation of normal organ function post-transplantation, significantly enhancing the overall success rates of transplant procedures.

Global Organ Preservation Industry Overview:

The act of keeping healthy organs after they have been removed from donors’ bodies is known as organ preservation. Without causing much harm, organs are removed from the donor’s body, transported, and then transplanted into the body of the recipient. The results of this study indicate that the adoption of organ preservation is directly impacted by the increased prevalence of chronic illnesses.

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Organ preservation for transplantation has a strong influence on donor organ quality, which has a direct impact on a patient’s morbidity and survival rates following transplantation. One of the major factors driving the growth of the organ preservation solutions market is the increasing prevalence of chronic illnesses, as well as the world’s growing elderly population.

Because of the increasing number of organ failures caused by diabetes, cardiovascular diseases (CVDs), obesity, and other serious medical problems, static cold storage organ preservation treatments are becoming more common. Innovative and sophisticated organ preservation strategies, such as NMP, act as a growth-inducing agent.

In clinical and experimental research, such strategies help to reduce the risk of reperfusion damage after transplantation and improve static cold storage organ preservation results. Furthermore, an increasing number of government and non-government regulations and activities to encourage organ donation are positively impacting the growth of the organ preservation solutions market.

The growing number of people who volunteer to donate their organs for transplantation and research is also propelling the market forward. Other factors, such as increased R&D and significant developments in the Global Organ Preservation Industry, are expected to significantly contribute to market expansion.

Global Organ Preservation Industry Key Takeaways:

A preservation injury occurs when the liver no longer functions. A liver transplant, also known as a hepatic transplant, has the potential to save someone’s life. A liver transplant may also be recommended by a doctor to a patient who has reached the end stage of liver disease.
Individuals who received a liver transplant had an 89% chance of survival after one year, according to an article published in the American Journal of Transplantation. The growing need for organ transplantation is propelling the Global Organ Preservation Industry across the board.
According to the American Transplant Foundation, approximately 114,000 people in the United States are currently on the waiting list for a life-saving organ transplant. Every day, on average, 20 people die due to a lack of available organs for transplantation.

Competition Analysis:

The Global Organ Preservation Industry is dominated by companies such as Paragonix Technologies (US), XVIVO Perfusion AB (Sweden), Dr Franz Köhler Chemie GmbH (Germany), Essential Pharmaceuticals, LLC (US), TransMedics (US), OrganOx Limited (UK), 21st Century Medicine (US), Bridge to Life Limited (US), Waters Medical Systems (US), Preservation Solutions (US), Carnamedica (Poland), Transplant Biomedicals (Spain), Institut (Netherlands).

Key Segments Covered in the Global Organ Preservation Industry Study:

By Solution:

University of Wisconsin Solution (UW Solution)
Custodial HTK
Perfadex
Other Solutions

By Technique:

Static Cold Storage
Hypothermia Machine Perfusion
Normothermic Machine Perfusion

By Organ Type:

Kidney
Liver
Long
Heart
Pancreas

By End User:

Organ Transplant Centres
Hospitals
Specialty Clinics

Molecular Quality Controls Market Forecast 2023 to 2033

The Global Molecular Quality Controls Industry is poised for remarkable growth, with Future Market Insights (FMI) forecasting a staggering value of US$ 204 million in 2023. The latest market research reveals a robust Compound Annual Growth Rate (CAGR) of 7.2% over the forecast period, envisioning the industry’s worth exceeding US$ 408 million by 2033.

This optimistic outlook signifies a substantial upswing compared to FMI’s prior analysis, which projected a CAGR of 6.7% for the Global Molecular Quality Controls Industry between 2021 and 2026. During that period, the market embarked with a value of US$ 164 million, aiming to attain US$ 226 million by its conclusion. The current research, however, indicates an accelerated growth rate, underscoring the dynamic nature of the industry.

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Due to the expanding global burden of various diseases, the number of laboratory tests performed has grown. The number of laboratories in both the public and private sectors is growing to satisfy this need. Setting up a quality control process in a clinical laboratory necessitates a large financial commitment. Laboratories must also have specialized people to supervise the quality control system.

Regardless of the number of tests completed, QC procedures entail equal expenses. As a result, the expense of implementing QC processes in clinical laboratories that perform modest quantities of diagnostic tests is prohibitively expensive. This, along with funding restrictions in many hospitals and laboratories in both developed and emerging economies, is projected to lead to a decreased adoption of quality-control techniques.

New multi-analyte and multi-instrument controls have been developed as a result of technological improvements. These cutting-edge controls combine many instrument-specific controls into a single control, allowing clinical laboratories to save money. In addition, these controls save time by eliminating the need for separate QC processes for each analyte.

In the next years, the increased availability of such molecular quality controls for infectious disease diagnostics and other applications is likely to drive market expansion.

Key Takeaways from the Global Molecular Quality Controls Industry

The Asia Pacific molecular quality controls market is expected to reach US$ 72.07 million in 2028 from US$ 34.27 million in 2021; it is estimated to grow at a CAGR of 11.2%.
The European molecular quality controls market is expected to reach US$ 109.59 million by 2028 from US$ 55.76 million in 2021; it is estimated to grow at a CAGR of 10.1%.
The growing implementation of genomic sequencing in healthcare systems is supported by substantial government investments, totaling over US$ 4 billion in at least 14 countries.
SeraCare and the International Quality Network for Pathology (IQN Path) (Luxembourg) announced a collaboration in June 2021 to develop, manufacture, and supply a range of highly characterized cell line genomic DNA and formalin-fixed, paraffin-embedded (FFPE) standards with confirmed low, mid, and high levels of mutational burden within their exome regions.
Bio-Rad and Roche Diagnostics (Switzerland) announced worldwide cooperation in May 2021 to supply clients with a comprehensive array of InteliQ devices and Unity QC data management systems, as well as customer training and support services.
Abbott Laboratories spent USD 2.4 billion in research and development in 2020, with USD 10.80 billion going toward producing technologically enhanced diagnostic devices to expand its product offering.

Key Segments in the Global Molecular Quality Controls Industry

  By Analyte:

Single-analyte Controls
Multi-analyte Controls

  By Product Type:

Independent controls
Instrument-specific controls

 By Application:

Infectious Diseases Diagnostics
Oncology Testing and Genetic testing

  By End User:

Diagnostic laboratories
Hospitals
IVD manufacturers & CROs
Academic & Research Institutes