The global organ preservation solutions market is projected to grow at a CAGR of approximately 6.7% between 2023 and 2028. These solutions are used to store organs and minimize damage before transplantation. The rising need for organ transplantation is expected to drive the demand for organ preservation solutions in the coming years.
The market is segmented based on technique and organ type. The static cold storage technique dominated the market in 2022, but normothermic machine perfusion is expected to be the fastest-growing segment. Kidney transplantation accounted for the largest market share in 2022, followed by lung, liver, heart, and other organs. North America held the largest share in the global market, followed by Europe, while the Asia Pacific region is expected to have the highest growth rate due to increasing healthcare expenditure and the growing need for organ transplantation.
The COVID-19 pandemic had a negative impact on the global organ preservation solutions market, but it has been rebounding post-pandemic due to technological advancements and research and development in preservation techniques. The market is moderately fragmented, with players using strategies such as collaborations, new product development, mergers and acquisitions, and investments in research and development.
