Increasing Cases of Chronic Diseases Drives the Organ Care System Market for Liver in the Forecast PeriodDownload Sample Reports Overview
Organ care system market for liver is predicted to have positive growth rate in the forecast period. Urgent lifesaving organ transplant are continuing throughout the world. Increasing organ failure cases is predicted to drive the market. The key benefit for the growth of the global market is due to increase in the funding and investment done in research and development by most of the manufacturing companies. For instance, Transmedics initiated offering following successful trial showing reduction in liver transplant complication. However, shortage in the availability of the donor across the globe is predicted to hamper the market growth in the forecast period. In addition the cost involved in the treating the disease is very high which is predicted to be the biggest restraints for the market in the forecast period. During this unique situation, our analysts are helping our clients in understanding the impact of COVID19 on the organ care system market for liver by providing them with an in-depth analysis. Our report includes:
- Technological Impact
- Social Impact
- Investment Opportunity Analysis
- Pre- & Post-COVID Market Scenario
- Infrastructure Analysis
- Supply Side & Demand Side Impact
As per a latest report published by Research Dive, the global organ care system market for liver is set to generate a revenue of $42.7 million by 2026, at a CAGR of 9.3% during the forecast period from 2019 to 2026. The market has been segmented based on mode of handling and region. The cloud application report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market.
Factors Affecting the Market Growth
As per our analysts, Rise in the chronic diseases in liver is estimated to be the major driving factor for organ care system market for liver in the forecast period. Moreover, treatment cost for liver transplant is very high which is predicted to hamper the market growth in the forecast period.
Portable Segment Is Predicted to Have the Highest Growth Rate
On the basis of handling, the organ care system market for liver is segmented into trolley based and portable. Portable segment was accounted for $9.1 million in 2018 and is predicted to grow at a CAGR of 9.8% in the forecast period. Easy to carry and lesser space acquisition is predicted to boost the segment in the forecast period.
Regional Breakdown of the Market
Based on the region, the organ care system market for liver is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America Organ Care System Market for liver accounted for $8.9 million in 2018 and is anticipated to rise at 10.8% CAGR throughout the forecast period. Due to the existence of advanced level of medical facilities and availability of resources for treating the diseases is predicted to boost the region market in the forecast period.
Top Companies Leading the Market
The organ care system market for liver key players include TransMedics Inc., XVIVO Perfusion AB, Bridge to Life Ltd., Paragonix Technologies Inc.Organ Assist B.V., Preservation Solution Inc., Organ Recovery Systems Inc., Organ Transport System Inc., Water Medical System LLC, OrganOx Limited, Preservation Solution Inc. among others