Organ Care System Market for Heart, by Mode of Handling (Portable, Trolley), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072101
- 95 Pages
- January 2020
- Healthcare
Description:
Organ care system (OCS) is a medical device that is developed to preserve organs for a longer period of time, and the device provides essential requirements to organs. This device storing organs under the required temperature of the body. These systems are manufactured to enhance the time period of the human organs external side of the body.
Market Drivers:
The market for the OCS heart market has significant growth in coming years, it is estimated to reach $37.2 million by the end of 2026, and at a CAGR of 16.5%, and accounted for $11.0 million in the 2018. The organ care system increases the timeline for the human organs outside of the body. According to WHO, every year 17.9 million population worldwide are effecting from cardiovascular-related diseases and it is contributing 37% of global deaths, this is majorly due to heart failure. The only solution for this needs to conduct heart transplantation. Moreover, increasing the number of people consuming alcohol, smokers and an unhealthy diet leads to heart strokes. The solution in such cases would be to perform a heart replacement as the only alternative. These issues would fuel the development of market.
Market Restraints:
Transplantation treatment costs and lack of knowledge on organ donation are expected to hinder the growth rate of organ care system market heart market size. Additionally, less time to find the exact match for transplantation from donor and lack of infrastructure will also restrict the market growth. Increasing demands from heart transplantation and the shortage of organs will hinder the market size.
Market Opportunities:
Cardiovascular disease causes 37% of global deaths, transplantation of heart is the cure. Growing the government's initiatives to create awareness about organ donation. An organ heart care system is generated the tremendous potential for ensuring the organ transplant process and it is a practically difficult medical procedure. A growing number of disorders related to cardiovascular diseases and an upsurge in the number of heart transplants are expected to upsurge demand for the organ care system market.
Organ Care System Market for Heart, by Mode of Handling:
Trolley based organ care system segment is predicted to be most lucrative till the end of 2026
Source: Research Analysis
Based on mode of handling the OCS heart market is divided into trolley and portable. Portable organ system is anticipated a rapid growth over the forecast period, and registered $4.7 million in 2018, is projected to account for $17.7 million by 2026. This is owing to the system is portability. The trolley organ system is dominated the global market and expected to reach $6.3 million by 2026, and it is increasing from $19.5 million in 2018.
Organ Care System Market for Heart, by Region:
Asia Pacific region will have enormous opportunities for the market investors to grow over the coming years
North America region is dominated the global organ care system market for heart and it is projected to continue its dominance over the forecast period. North America organ care system market is registered for $5.2 million in the 2018, and is projected to grow during the forecast timeframe, due to higher number of key manufacturers are located in North America. These manufacturers are investing their efforts on R&D implementation and upgradation of previous products. North America organ care system market for heart is expected to account for $22.0 million and at a CAGR of 20.0% in the coming years. The rising the heart transplantations in the area is also expected to enhance the growth of the market. In the U.S., According to UNOS (United Network for Organ Sharing), around 7500 are conducted in 2019.
In addition to North America, Europe will witness a significant growth in the coming years, due to rising the number of manufacturers in this region. Europe organ care system market for heart is anticipated to account for $6.5 million by 2026. Asia Pacific will experience a substantial growth in the coming years, owing to increasing the government initiatives about organ donation programs in Asia-Pacific countries.
Key participants in the Global Organ Care System Market for Heart:
Product development and joint ventures are the most common strategies followed by the market players
Source: Research Dive Analysis
TransMedics Inc., and Paragonix Technologies Inc., are the key participants in OCS market for heart. These key players are continuously increasing their efforts to increase OCS market share for heart in the global organ care system market for heart and concentrating on research and development implementations and launching new products. Recently TransMedics launched a new device “OCS Heart”, which is a trolley type OCS device.
Aspect Particulars
Historical Market Estimations 2016-2018
Base Year for Market Estimation 2018
Forecast timeline for Market Projection 2019-2026
Geographical Scope North America, Europe, Asia-Pacific, LAMEA
Segmentation by Mode of Handling • Portable
• Trolley
Key Countries covered U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia
Key Companies Profiled • TransMedics Inc.
• Paragonix Technologies Inc.
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Mode of Handling
3. Market overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Market value chain analysis
3.8.1. Stress point analysis
3.9. Strategic overview
4. Organ Care System Market for Liver, by Mode of Handling
4.1. Portable
4.1.1. Market size and forecast, by region, 2016-2026
4.1.2. Comparative market share analysis, 2018 & 2026
4.2. Trolley Based
4.2.1. Market size and forecast, by region, 2016-2026
4.2.2. Comparative market share analysis, 2018 & 2026
5. Organ Care System Market of Liver, by Region
5.1. North America
5.1.1. Market size and forecast, by type of handling, 2016-2026
5.1.2. Market size and forecast, by country, 2016-2026
5.1.3. Comparative market share analysis, 2018 & 2026
5.1.4. U.S.
5.1.4.1. Market size and forecast, by type of handling,2016-2026
5.1.4.2. Comparative market share analysis, 2018 & 2026
5.1.5. Canada
5.1.5.1. Market size and forecast, by type of handling,2016-2026
5.1.5.2. Comparative market share analysis, 2018 & 2026
5.1.6. Mexico
5.1.6.1. Market size and forecast, by type of handling,2016-2026
5.1.6.2. Comparative market share analysis, 2018 & 2026
5.2. Europe
5.2.1. Market size and forecast, by type of handling,2016-2026
5.2.2. Market size and forecast, by country, 2016-2026
5.2.3. Comparative market share analysis, 2018 & 2026
5.2.4. Germany
5.2.4.1. Market size and forecast, by type of handling,2016-2026
5.2.4.2. Comparative market share analysis, 2018 & 2026
5.2.5. Spain
5.2.5.1. Market size and forecast, by type of handling,2016-2026
5.2.5.2. Comparative market share analysis, 2018 & 2026
5.2.6. France
5.2.6.1. Market size and forecast, by type of handling,2016-2026
5.2.6.2. Comparative market share analysis, 2018 & 2026
5.2.7. Italy
5.2.7.1. Market size and forecast, by type of handling,2016-2026
5.2.7.2. Comparative market share analysis, 2018 & 2026
5.2.8. Rest of the Europe
5.2.8.1. Market size and forecast, by type of handling,2016-2026
5.2.8.2. Comparative market share analysis, 2018 & 2026
5.3. Asia-Pacific
5.3.1. Market size and forecast, by type of handling,2016-2026
5.3.2. Market size and forecast, by country, 2016-2026
5.3.3. Comparative market share analysis, 2018 & 2026
5.3.4. China
5.3.4.1. Market size and forecast, by type of handling,2016-2026
5.3.4.2. Comparative market share analysis, 2018 & 2026
5.3.5. Japan
5.3.5.1. Market size and forecast, by type of handling,2016-2026
5.3.5.2. Comparative market share analysis, 2018 & 2026
5.3.6. India
5.3.6.1. Market size and forecast, by type of handling,2016-2026
5.3.6.2. Comparative market share analysis, 2018 & 2026
5.3.7. Australia
5.3.7.1. Market size and forecast, by type of handling,2016-2026
5.3.7.2. Comparative market share analysis, 2018 & 2026
5.3.8. South Korea
5.3.8.1. Market size and forecast, by type of handling,2016-2026
5.3.8.2. Comparative market share analysis, 2018 & 2026
5.3.9. Rest of the Asia Pacific
5.3.9.1. Market size and forecast, by type of handling,2016-2026
5.3.9.2. Comparative market share analysis, 2018 & 2026
5.4. LAMEA
5.4.1. Market size and forecast, by type of handling,2016-2026
5.4.2. Market size and forecast, by country, 2016-2026
5.4.3. Comparative market share analysis, 2018 & 2026
5.4.4. Brazil
5.4.4.1. Market size and forecast, by type of handling,2016-2026
5.4.4.2. Comparative market share analysis, 2018 & 2026
5.4.5. Saudi Arabia
5.4.5.1. Market size and forecast, by type of handling,2016-2026
5.4.5.2. Comparative market share analysis, 2018 & 2026
5.4.6. South Africa
5.4.6.1. Market size and forecast, by type of handling,2016-2026
5.4.6.2. Comparative market share analysis, 2018 & 2026
5.4.7. Rest of LAMEA
5.4.7.1. Market size and forecast, by type of handling,2016-2026
5.4.7.2. Comparative market share analysis, 2018 & 2026
6. Company profiles
6.1. TransMedics Inc.
6.1.1. Business overview
6.1.2. Financial performance
6.1.3. Product portfolio
6.1.4. Recent strategic moves & developments
6.1.5. SWOT analysis
6.2. Bridge to life and Ltd.
6.2.1. Business overview
6.2.2. Financial performance
6.2.3. Product portfolio
6.2.4. Recent strategic moves & developments
6.2.5. SWOT analysis
6.3. Paragonix Technologies Inc.
6.3.1. Business overview
6.3.2. Financial performance
6.3.3. Product portfolio
6.3.4. Recent strategic moves & developments
6.3.5. SWOT analysis
6.4. Preservation Solution Inc.,
6.4.1. Business overview
6.4.2. Financial performance
6.4.3. Product portfolio
6.4.4. Recent strategic moves & developments
6.4.5. SWOT analysis
6.5. Organ Transport System Inc.
6.5.1. Business overview
6.5.2. Financial performance
6.5.3. Product portfolio
6.5.4. Recent strategic moves & developments
6.5.5. SWOT analysis
6.6. Preservation Solution Inc.
6.6.1. Business overview
6.6.2. Financial performance
6.6.3. Product portfolio
6.6.4. Recent strategic moves & developments
6.6.5. SWOT analysis
6.7. XVIVO Perfusion AB
6.7.1. Business overview
6.7.2. Financial performance
6.7.3. Product portfolio
6.7.4. Recent strategic moves & developments
6.7.5. SWOT analysis
6.8. Organ Assist B.V.
6.8.1. Business overview
6.8.2. Financial performance
6.8.3. Product portfolio
6.8.4. Recent strategic moves & developments
6.8.5. SWOT analysis
Similar Reports
The global digital pathology market was valued at $3,323 million in 2016, and is expected to reach $8,668 million by 2023, registering a CAGR of 14.8% during the forecast period. Digital pathology is defined as an image-based information setting enabled b...
- Publish Date: February 26, 2018
- $5370
The global regenerative medicine market was valued at $5,444 million in 2016, and is estimated to reach $39,325 million by 2023, registering a CAGR of 32.2% from 2017 to 2023. Regenerative medicines are used to repair, replace, and regenerate tissues & organs that are affected owin...
- Publish Date: May 29, 2018
- $5370
The medical robotics and computer-assisted surgery is a combination of equipment, accessories, software, and services that aid in performing different functions, such as robotic minimally invasive and non-invasive radiosurgeries, rehabilitation therapies, and hospital & pharmacy automation. Surgical robotics...
- Publish Date: May 1, 2016
- $5370
