What Are the Major Drivers for the Growth of Organ Care System Market for Lungs?
Due to the increasing cases of organ failures around the globe, there has been an immense demand for organ care systems in the market. Lung operations and diseases associated with lungs are gradually increasing year after year due to the rise in air pollution, sedentary lifestyle, and lack of fitness activities among individuals.
The organ care system market for lungs has subsequently increased its reach, and hence has seen a significant growth due to the eruption of the COVID-19. A huge number of people experienced acute cases of pneumonia during the pandemic due to COVID-19. The virus largely affects older adults and senior citizens having health issues like diabetes, arthritis, cancer, heart diseases, etc. Some people may experience severe long-term issues due to the malignant nature of the novel virus which further increases the demand for organ care system in the market having a persistent growth to sustain in the long run.
Moreover, due to a substantial increase in the adoption of detrimental habits like smoking and alcohol consumptions, the organ system market is set to garner a considerable growth in the upcoming years. According to a report by Research Dive, the global organ system market for lungs is estimated to be generating revenues up to $5.6 million by the end of 2026 growing at a CAGR of about 19%.
What is an Organ Care System?
Organ care system is a medical device that allows the donated organ to be preserved for a long period of time so that it can be used later for transplantation. The system enables doctors to repeatedly monitor the condition of the lungs so as to maintain its eligibility for future transplantations. The system maintains sound health of lungs by keeping the lungs warm, nourished and oxygenated at the time of transplantation. The organ care system is a portable device that runs on battery making it easy for storage and transportation in car, bus, or an airplane.
What are the Factors Leading to the Growth of Organ Care System Market for Lungs?
The most important element to keep the overall body and lungs healthy is exercise, be it yoga, Pilates, weight training, swimming, running, walking, sports activities, or any other exercise. Even the mildest of exercises for a stipulated time on a daily basis is crucial for maintaining the perfect health of lungs. Due to the pandemic, all activities across the globe came to a standstill, and hence the health of a number of citizens was hampered due to the nation-wide lockdowns especially in cases of older citizens where gradual exercise is mandatory for their longer life span.
Furthermore, the adoption of sedentary lifestyle among the younger generation makes them even more prone to various health conditions in the near future. In the flight of time, elderly citizens also experience certain health issues like diabetes, asthma, arthritis, heart diseases, etc. which favors the growth of organ care system. According to a survey conducted by WHO, Delhi is considered to have the worst air quality among 1650 cities of the world, causing severe lung damages to the people living in the city. Thus, the rising air pollution in metropolitan cities create great demand for organ care system for lungs.
Impact of COVID-19 on the Organ Care System Market for Lungs
The pandemic has significantly affected the organ care system market for lungs in a constructive way. Due to the severe fatality of the novel virus, the demand for organ care system for lungs has consequently increased. The virus has adversely affected the lungs of critically diagnosed patients which made lung transplantation a vital aspect for alleviating the impact of virus on the body. Patients have also suffered from acute cases of pneumonia due to the virus causing critical damage to the lungs. Therefore, the pandemic has accelerated the demand for organ care system due to the rising concerns over organ failure.
Major Players of the Organ Care System Market for Lungs
Some of the leading companies in organ care system market are Transmedics Inc., Paragonix Technologies Inc., Water Medical System LLC, Bridge to Life Ltd., Organ Recovery System Inc., Organ Transport System Inc., Organ Assist B.V, etc. Companies are working on technological advancements of the organ care system in order to maximize its efficiency and make it even more convenient for transportation purposes. They are also exploring areas having maximum demand and potential in the long run, apart from the Asia pacific and North America.
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