According to a recent report published by Research Dive, the global organ care system market for lungs is anticipated to garner $6,557.5 million by 2026, growing at a growth rate of 21.8% from 2021 to 2026.
The sudden eruption of COVID-19 pandemic has imposed a considerable impact on the organ care system market for lungs. Physical activity of people has been completely stopped, due to several regions from various parts of the world entering into a complete or partial lockdown. The emergence of COVID-19 in 2019 has become a cause of rising pneumonia cases. This cause of the pneumonia is called severe acute respiratory syndrome coronavirus 2.
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As per World Health Organization (WHO), people who come into contact with COVID-19 suffer from mild cold symptoms only and out of them mostly 80% of people recover soon with a stipulated time period. But at the same time, older adults and others who have health conditions like heart disease, cancer, and diabetes have long term impact of COVID-19 that accelerates the demand for organ care system. In the course of this chaos, we are offering complete support to our clients in understanding the influence of COVID-19 on the global organ care system industry. Our report consists of:
- Technological Impact
- Social Impact
- Investment Opportunity Analysis
- Pre- & Post-COVID Market Scenario
- Infrastructure Analysis
- Supply Side & Demand Side Impact
The report segments the global market on the basis of mode of handling, and regions. This report is a comprehensive analysis of recent drivers, key segments, opportunities, restraints, and major players of the market.
Factors Affecting the Market Growth
As per the report, rise in pollution and increase in demand for alcohol consumption and smoking are expected to greatly fuel the growth of the organ care system industry, during the forecast period. On the other hand, huge expenses incurred in the acquisition of organ care system is likely to hamper the development of the global organ care system market for lungs.
Trolley-based mode of handling to be at the forefront during the Projected Timeframe
By mode of handling, the report categorizes the market for organ care system into portable, and trolley based. Among these, the trolley- based segment is expected to grab highest share of the market by collecting a revenue of $3,933.8 million in 2026 and growing at a healthy growth rate of 22.5% during the forecasted timeframe. This is mainly due to its major availability in major transplantation centers.
Regional Breakdown of the Market
Regionally, the report evaluates the global market across North America, Europe, Asia Pacific, and LAMEA. Among these, the North America region is anticipated to generate a revenue of $3,236.7 million in 2026 and grow at a CAGR 26.9% during the projected period. This growth is mainly due to the presence of large old population and more number of lung diseases in this regions.
Top Companies Leading the Market
The major players of the global organ care system industry are Transmedics, Xvivo Perfusion AB, Organ Assist B.V., Paragonix technologies, Dr. Franz Köhler Chemie GMBH, Essential pharmaceuticals, 21st Century Medicine, Shanghai Genext Medical Technology. These players are implementing various business strategies like mergers and acquisitions, collaborations & partnerships in order to gain a major market share in the global industry.
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