May 2024
The global organ care products market size surpassed USD 150.37 million in 2023 and is estimated to increase from USD 174.19 million in 2024 to approximately USD 757.90 million by 2034. It is projected to grow at a CAGR of 15.84% from 2024 to 2034.
The global organ care products market size is projected to be worth around USD 757.90 million by 2034 from USD 174.19 million in 2024, at a CAGR of 15.84% from 2024 to 2034. The North America organ care products market size reached USD 84.21 million in 2023. The rising incidence of organ failure among adults contributes to market growth. Rising awareness about organ donation across the globe is also observed to support the market’s expansion in the upcoming years.
The U.S. organ care products market size was exhibited at USD 63.16 million in 2023 and is projected to be worth around USD 323.30 million by 2034, poised to grow at a CAGR of 16% from 2024 to 2034.
North America dominated the global organ care products market by registering the largest share in 2023. The dominance of the region is attributed to well-established health infrastructure in countries like the United States and Canada. These governments are focused towards implementing new technologies in their healthcare settings which makes them dominant. Additionally, the region also has a higher number of organ donors which creates opportunities for transport system manufacturers and other professionals. The adult population in the United States is also prone to many health conditions which stands as a growth factor for the organ care products market.
Asia Pacific is expected to grow at the fastest CAGR during the forecast period in the organ care products market. The region is experiencing significant growth due to many factors like the increasing urban population which are prone to many health conditions and result in the need for organ transplant. This also attracts many investments by government and private players to improve facilities in the organ transplant industry. As a result, governments in countries like China, India, and Japan are adopting new laws to promote organ transplants, especially in underdeveloped regions. These factors are increasing the employment rates in the medical industry and also contributing towards the growth of the organ care products market.
Organ care products refer to medical devices that store the donor organs safely for a longer time before the transplantation. These products play a vital role in providing oxygen and other nutrients that keep the organ in good health. These devices also track metrics like temperature and pressure which helps in understanding the overall health of the organ. This helps the medical professional to use the donor organs which are not being used recently. The organ care products market is gaining significant importance due to the increasing technologies which make organ transplants more efficient and accurate. Additionally, the rising organ failure cases due to chronic diseases lead towards the growth of the market.
How AI Helps the Organ Transplantation Industry?
The emergence of artificial intelligence (AI) in the healthcare sector has been playing a key role towards improving the overall functioning of organizations. AI is capable of providing multiple benefits which could help in enhancing the preservation and transplantation of organs. The smart match is a feature which employs AI algorithms which help enhance the organ matching process and play a key role in increasing the outcomes of the transplantation.
The evolving technologies also provide features which could use AI to process real-time data and ensure accurate matching, especially in sensitive scenarios. AI helps in real-time communication which could handle complex and large datasets which include data like genetic information and other health records. Additionally, AI also helps in tracking the organ health of postoperative patients with the help of wearable devices.
Rate of Organ Transplantation in the United States (2023)
Market Scope
Report Coverage | Details |
Market Size by 2034 | USD 757.90 Million |
Market Size in 2023 | USD 150.37 Million |
Market Size in 2024 | USD 174.19 Million |
Market Growth Rate from 2024 to 2034 | CAGR of 15.84% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Organ Type, Product Type, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Increasing organ failure incidences
The increasing influence of urban lifestyle has drastically affected the health of the people which has led to an increasing number of health conditions like diabetes and hypertension which results in organ complications like kidney failure and many more. The changing lifestyles are also leading towards cardiovascular diseases, especially among adults which can cause heart failure. Additionally, factors like a sedentary lifestyle and increasing alcohol consumption lead towards the need for an organ transplant which benefits the growth of the organ care products market.
Increasing investment towards infrastructure development
The rising incidence of health conditions like diabetes, hypertension and many more are leading towards the increasing demand for healthcare solutions in multiple regions. The increasing growth rate of these diseases has attracted multiple pharmaceutical and medical device manufacturers to invest heavily towards innovations in the industry. Additionally, many companies are investing to increase the adoption of transplant centers and also innovate new technologies in organ care devices which might increase their connectivity in the industry. The rising investment rate is also boosting the growth of the overall healthcare industry.
Higher transplantation costs
The organ care products market has shown significant growth in recent years, but some concerning factors tend to affect the market growth. The transplantation process is complex and requires highly qualified professionals and specialists for each organ. These organs are stored in advanced and costly systems, which limits their affordability in healthcare organizations. This makes the overall transplantation process expensive and restricts the market growth.
Increasing government initiatives
The increasing organ failure rate especially in urban areas has increased the demand for advanced healthcare solutions. Many governments are recognizing organ transplantation in their healthcare setups which might help the low economies to access these facilities at lower costs. Governments are promoting organ transplantation through various policies which promote organ donation in larger areas. Many countries are increasing their funding towards healthcare which might help in installing transplantation centers and their devices. These initiatives are expected to generate employment while contributing towards the growth of the organ care products market.
The Health Resources and Services Administration (HRSA) has launched an organ transplant system in the United States which aims to break the long-standing network monopoly and modernize organ matching technology. These initiatives will eliminate racial and ethnic inequities in the waitlist and improve transparency.
Increasing technologies in the organ transplant industry
The rapid technological advancements in the organ care products market have been playing a significant role towards the development of the healthcare sector. The market is witnessing multiple developments in organ preservation techniques and organ transplant solutions. To tackle the problem of global organ shortage there are new advancements like immunosuppressant therapy which suppresses the immune system to avoid organ failure. Many pharmaceutical companies are investing heavily towards improving drugs which might help in increasing the efficiency of the transplant process. These technologies are expected to play a vital role in saving multiple lives in the upcoming years.
The kidney segment stood as the dominant by contributing the largest share in the organ care products market in 2023. The dominance of this segment is attributed to the higher Blood Pressure (BP) and diabetic patients. These unmanaged conditions lead to high blood sugar levels which results in kidney failure. This high prevalence of chronic disease increases the demand for kidney transplants and organ care solutions. This has helped to increase the production of kidney profusion machines and organ preservative solutions which might help in maintaining the health of the organ.
The liver segment is expected to register the fastest growth during the forecast period in the organ care products market. The growth of the segment is attributed to the increasing liver conditions like hepatitis, cirrhosis, fibrosis and liver failure which results in the need for a liver transplant. This increasing liver failure rate increases the demand for advancements like normothermic machine perfusion and ex vivo liver perfusion. These advancements play a vital role in increasing the acceptance rate and enhancing transplantation.
The trolly segment stood as the dominant with the largest share in 2023. Trolleys in organ transplant refer to the large organ transport systems which are based on wheels. These trolleys are specially designed to be used for moving organs from one place to another in hospital setups. They include multiple features like cooling units and oxygen systems which help keep the organ in good condition for a longer period. Many hospitals use trolly for transporting organs as they maintain their health or nutrients by using advanced features. Many hospitals are increasing their spending towards these trolleys which might boost the growth of the organ care products market.
The portable segment is expected to grow fastest during the forecast period in market. Portable in organ transplant refers to the lightweight systems which are designed for flexible use and mobile use. These systems are usually used to transport organs for longer distances which might include transporting to another city or country. The increasing connectivity in the healthcare sector enables hospitals to improve their contacts on a global level.
The segment is gaining wider popularity due to the increasing shortage of human donors. Many companies are investing heavily in adopting the use of portable transport systems which might help in increasing organ transplants globally. The increasing need for organ transplants is leading towards the growth of these systems and driving the growth of the organ care products market.
Segments Covered in the Report
By Organ Type
By Product Type
By Geography
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