Organ Care Products Market Analysis

Organ Care Products Market Analysis

Kidney segment held 25% of revenue share in 2021. The increasing incidence of kidney failure leading to large number of patients on waiting list is predicted to boost the product demand in the coming years. As per the data by Health Resources & Services Administration, in 2020, nearly 91,099 patients required kidney transplants in the U.S. Thus, the significant rise in need for kidney transplants among patients influencing the procedural volume will augment the industry progression during the forecast period.
 

Trolly segment dominated more than 50% of revenue share in 2021. Growing need for effective and convenient devices in organ preservation for extended periods will increase the product demand during the forecast period. Developing healthcare infrastructure leading to increasing number of product installations at healthcare settings will foster the overall segment growth potential. Furthermore, ease in movement during the organ transportation with trolly systems will drive the segment progression.
 

North America organ care products market accounted for 55% of revenue share in 2021 led by the high awareness and increasing number of organ donations. In addition, availability of advanced products and sophisticated infrastructure will offer lucrative growth opportunities. Additionally, presence of prominent players focused on securing the U.S. FDA approvals for advanced products will strengthen the North America industry demand potential.