Asia Pacific Organ Care Products Market
There has been a lack of awareness and knowledge regarding organ donation. Governments and organizations have conducted various campaigns to boost awareness among people, thereby increasing organ donation in the last few years. For instance, governments have declared August 13 as world organ donation day to spread awareness about organ donation and address the myths related to organ donation. Governments also provide incentives and other support to increase organ donations. The government of India has enacted the Transplantation of Human Organs Act (THOA) 1994 under the National Organ Transplantation program to provide a system of removal, storage, and transplantation of human organs for therapeutic purposes and the prevention of commercial dealings of human organs.
Furthermore, the increasing collaborations are expected to create ample growth opportunities for the organ care products market. For instance, Southwest Transplant Alliance (STA) and TransMedics have partnered to utilize the Organ Care System (OCS) Lung System, allowing portable organ perfusion, ventilation, and monitoring. This technology evaluates and preserves donated lungs before transplantation. This partnership enables STA to improve and monitor lung function and provide a second chance to patients in desperate need. Hence, all the factors mentioned above are expected to create numerous opportunities in the organ care products market over the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC organ care products market. The APAC organ care products market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the Asia Pacific Organ Care Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 21.36 Million |
| Market Size by 2028 | US$ 61.80 Million |
| Global CAGR (2021 - 2028) | 15.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Modality
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Organ Care Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
APAC Organ Care Products Market Segmentation
The APAC organ care products market is segmented into modality, organ type, end user, and country. Based on modality, the market is segmented into trolley and portable. In 2021, the trolley segment held a larger share of the market. In terms of organ type, the market is segmented into kidney, liver, heart, lungs, and others. In 2021, the kidney segment held the largest market share. Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others. In 2021, the hospitals segment held the largest share of the market. Based on country, the APAC organ care products market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
Accord Healthcare, Dr. Franz Koehler Chemie GmbH, TransMedics, and XVIVO Perfusion are among the leading companies in the APAC organ care products market.
The Asia Pacific Organ Care Products Market is valued at US$ 21.36 Million in 2021, it is projected to reach US$ 61.80 Million by 2028.
As per our report Asia Pacific Organ Care Products Market, the market size is valued at US$ 21.36 Million in 2021, projecting it to reach US$ 61.80 Million by 2028. This translates to a CAGR of approximately 15.1% during the forecast period.
The Asia Pacific Organ Care Products Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Organ Care Products Market report:
The Asia Pacific Organ Care Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Organ Care Products Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Organ Care Products Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Organ Care Products Market
