Perfusion System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Perfusion System market is segmented by Technology, Type of Organ (Heart, Lung, Kidney, Liver, and Others), and Geography.

Perfusion System Market Snapshot

Perfusion System Market 1
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: North America
CAGR: 8.2 %

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Market Overview

The major factors for the growth of the perfusion system market include the rising demand for organ transplantation, increase in the prevalence of cardiovascular and respiratory diseases, and rising initiatives by government and various organizations to promote organ donations.

The rising demand for organ transplantation is the major factor propelling the growth of the market. As per the data published by the United Network for Organ Sharing, in the United States, 113,379 people need a lifesaving organ transplant (total waiting list candidates) as of August 2019. The rising demand for organ transplantation is expected to increase the demand for reliable organ perfusion systems. In addition, there is a rising prevalence of cardiovascular and respiratory diseases across the globe boasting the demand for organ transplantation. As per the data published by the Division of Transplantation (DoT) of the Department of Health and Human Services, Health Resources and Services Administration's Healthcare Systems Bureau, there were 3,408 heart transplants in 2018. Thus, owing to the rising demand for organ transplantation and an increase in the prevalence of cardiovascular and respiratory diseases the market is expected to witness high growth.

Scope of the Report

As per the scope of this report, perfusion systems are the devices used for the passing of fluid into the circulatory system, an organ or body tissue. The perfusion systems can be used in the transportation and stabilization of organs. The market is segmented by technology, type of organ, and geography.

By Technology
Normothermic Machine Perfusion
Hypothermic Machine Perfusion
By Type of Organ
Heart
Lung
Kidney
Liver
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Kidney in Type of Organ is expected to Hold Largest Market Share

The rising prevalence of chronic kidney diseases is the major factor driving the growth of the market. As per the National Institute of Diabetes and Digestive and Kidney Disease, the prevalence of Chronic Kidney Disease (CKD) in the United States is about 14%. Similarly, in the United Kingdom as per Kidney Research UK report 2018, it is estimated that 3 million lives are at risk, as a result of moderate to severe chronic kidney disease. An estimated, 1 million people in the United Kingdom have chronic kidney disease but are undiagnosed. Furthermore, machine perfusion techniques demonstrated several benefits when compared with cold storage techniques. Thus, owing to the all above-mentioned factors the market is expected to witness high growth over the forecast period.

Perfusion System Market Trend.png

North America is Expected to Hold Largest Market Share over the Forecast Period

The United States is expected to be the largest perfusion system market owing to the rising technological advancements and the presence of better healthcare infrastructure. Furthermore, the rising prevalence of cardiovascular and respiratory diseases increasing the demand of perfusion systems. According to the data published by the United Network for Organ Sharing, there were 19,513 transplants performed as of June 2019. However, the high cost of transplantation and scarcity of donors is the major factor expected to hinder the growth of the market. Thus, owing to the all above-mentioned factors the market is expected to hold the largest market share.

Perfusion System Market - Growth Rate by Region

Competitive Landscape

The market studied is a consolidated market owing to the presence of few major market players. Some of the market players are Bridge to Life (Europe) Ltd., Organ Assist B.V., Organ Recovery Systems, Inc, OrganOx Limited, Paragonix Technologies, Inc., Preservation Solutions Inc, TransMedics, Inc., Waters Medical Systems LLC, and XVIVO Perfusion AB

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand for Organ Transplantation

      2. 4.2.2 Increase in the Prevalence of Cardiovascular and Respiratory Diseases

      3. 4.2.3 Rising Initiatives by Government and Various Organizations to Promote Organ Donations

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Devices and Organ Transplantation

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Normothermic Machine Perfusion

      2. 5.1.2 Hypothermic Machine Perfusion

    2. 5.2 By Type of Organ

      1. 5.2.1 Heart

      2. 5.2.2 Lung

      3. 5.2.3 Kidney

      4. 5.2.4 Liver

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Bridge to Life (Europe) Ltd.

      2. 6.1.2 Organ Assist B.V.

      3. 6.1.3 Organ Recovery Systems, Inc

      4. 6.1.4 OrganOx Limited

      5. 6.1.5 Paragonix Technologies, Inc.

      6. 6.1.6 Preservation Solutions Inc

      7. 6.1.7 TransMedics, Inc.

      8. 6.1.8 Waters Medical Systems LLC

      9. 6.1.9 XVIVO Perfusion AB

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Perfusion System Market market is studied from 2018 - 2026.

The Perfusion System Market is growing at a CAGR of 8.2% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Organ Assist B.V., Organ Recovery Systems, Inc, Paragonix Technologies, Inc., TransMedics, Inc., Waters Medical Systems LLC are the major companies operating in Perfusion System Market.

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