Perfusion System Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Perfusion System market size is expected to be worth around US$ 283.8 Million by 2030, according to a new report by Vision Research Reports.

The global Perfusion System market size was valued at US$ 97.05 Million in 2020 and is anticipated to grow at a CAGR of 18.7% during forecast period 2021 to 2030.

Growth Factors

 Rising demand for transplantation owing to increased incidence of vital organ failures is a major growth driver of the market. To curb this problem, Machine Perfusion (MP) is adopted by clinics. Hence, the demand for the same is expected to grow over the coming years.

Statistics published by the National Kidney Foundation in 2014 states that 4,761 patients died due to the unavailability of a kidney. This showcases the need for viable donated organs for transplantation, thereby boosting the market growth.

The introduction of technologically advanced products for the purpose of enhanced efficiency and cost-effectiveness is expected to serve this market with lucrative opportunities. For instance, the introduction of portable organ perfusion systems is presumed to gain popularity over the coming years owing to associated benefits with its usage such as ease of access, cost-efficiency, and portability.

Market participants are involved in extensive R&D for the development of innovative perfusion techniques. For instance, TransMedics, Inc. carried out the world’s first warmblood perfusion liver transplantation with its innovative TransMedics Organ Care System Liver technology.

Moreover, many market players in the U.S. and Europe are involved in the development of new products that are in clinical trials. For example, METRA developed by OrganOx Ltd. for automatic liver transportation and normothermic liver perfusion is under clinical study in the U.S. The expected product approvals in the coming years are anticipated to serve this industry with lucrative growth opportunities.

Report Highlights

HMP held a dominant share of MP technologies as of 2020, owing to associated benefits with its usage. It is a well-established alternative for cold storage in kidney preservation as it offers viability of grafts before transplantation procedure. In a kidney transfer surgery, it helps in increasing patient survival rate and improving the quality of a graft. In addition, it also offers a platform for recovery of grafts before surgery.

Research activities are being conducted to check the viability of HMP for transplantation of other organs such as the liver. It provides a continuous flow of antioxidants and metabolic substrates and helps in flushing proteins, toxins, and cytokines from the liver. This attenuates the reperfusion damage that occurs in a statically stored liver.

Normothermic MP techniques are expected to gain popularity in the coming years to curb the rising demand for warm blood perfusion. Perfusion at Normal Body Temperature (NMP) is applicable in both ex-situ and in-situ regional perfusion methods.

Liver transplantation from the diseased donor results in reperfusion lesions that increase the risk of hepatocellular carcinoma recurrence after transplantation. NMP with Extracorporeal Membrane Oxygenation (ECMO) prevents the risk of reperfusion of lesions and helps reduce the risk associated with cancer recurrence. These aforementioned benefits with the use of NMP are expected to act as a growth propeller in the near future.

Transplantation of kidneys held a dominant share as kidney failure rates are high due to increasing incidence of Chronic Kidney Disease (CKD). The MP devices introduced until now are most commonly used to preserve kidney, hence, this segment dominated the market as of 2020.

The most commonly used MP system for a kidney is LifePort Kidney Transporter by Organ Recovery Systems Inc., WAVES RM3 by Waters Medical Systems, and Airdrive hypothermic kidney perfusion transport system.

MP for the heart transplant is anticipated to witness lucrative growth over the forecast period due to rising R&D to develop cost-effective and viable solutions for transplantation procedures. Research is being undertaken for the development of novel technologies for the heart, which is expected to serve this industry with growth potential.

MP procedures for lungs, liver, pancreas, etc., are expected to be implemented during the forecast period as the demand is increasing. The available MP devices for lungs are OCS Lungs by Organ Care Systems, Vivoline LS1, and Lung Assist by Organ Assist B.V. and Xvivo Systems.

North America held the dominant share of organ perfusion systems as of 2020 owing to increasing demand for transplant surgery. According to the U.S. Department of Health and Human Services, there are more than 119,000 people waiting for transplantation & only 2,555 donors are available as of April 2017 and the number is expected to grow in the coming years

The growing disparity between demand and supply is a major public health crisis. In order to satisfy this unmet need, increasing initiatives to promote donations are necessary. In the U.S., various initiatives are being undertaken by the government to promote donation. For example, in 2016, the Organ Summit was organized by the White House to spotlight the actions to be taken for reducing the waiting list for transplantation.

The Asia Pacific regional market for MP is anticipated to grow at the fastest CAGR owing to the rising incidence of chronic diseases coupled with the demand for organ donation. The governments of developed as well as developing nations are encouraging people to help transplant surgery by promoting organ donation. For instance, The Ministry of Health & Family Welfare, Government of India has taken a series of measures to promote donation. The government has implemented the National Organ Transplant Programme in the country to promote donations.

Moreover, the government has agreed to provide financial assistance for the establishment of Regional Organ and Tissue Transplant Organizations. Presence of nonprofit organizations such as Donate Life America in the U.S., which promotes organ donation in collaboration with the American Hospital Association is also a high impact rendering factor for perfusion systems market.

Key Players

XVIVO Perfusion AB; Organ Assist B.V.; Organ Recovery Systems; Organ Transport Systems; Waters Medical Systems; Paragonix Technologies, Inc.; TransMedics, Inc.; OrganOx Limited; Bridge to Life Ltd.

Market Segmentation

  • Technology Outlook 

    • Hypothermic

    • Normothermic

  • Organ Type OutlooK

    • Heart

    • Lung

    • Kidney

    • Liver

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • The Middle East and Africa

      • South Africa

The Perfusion System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Perfusion System market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Perfusion System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Perfusion System market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Perfusion System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Perfusion System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Perfusion System by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Perfusion System market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Perfusion System market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Perfusion System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Perfusion System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Perfusion System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Perfusion System market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Perfusion System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Perfusion System market. These factors have benefited the growth of the global market for Perfusion System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Perfusion System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Perfusion System are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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