The global transplant box market exhibited moderate growth during 2015-2020. A transplant box refers to an advanced medical device that plays a pertinent role in organ transplants. The box is intricately designed to replicate the functions of the human body in an efficient manner in an attempt to keep several organs alive even when they are placed outside the body. These boxes are extremely durable and resistant to moisture, extreme temperatures and biological contamination. As a result, they are widely used for the transportation of organs from donors to patients for organ transplantation. They ensure that the stored organs, including the liver, heart, lungs, and kidneys, remain undamaged while facilitating the transportation with intact organ functionality.
The global market is primarily driven by the rising incidences of multiple organ failure among the masses. This can be attributed to the high prevalence of chronic lifestyle disorders and the increasing geriatric population on the global level. The escalating number of organ transplant procedures taking place across the healthcare sector has provided an impetus to the demand for transplant boxes. Moreover, governments of numerous countries are taking initiatives to promote organ donation among the masses. Along with this, numerous non-profit organizations are also organizing various awareness campaigns that aim at educating individuals regarding the importance of organ donation to encourage them to enlist as donors. This is, therefore, creating a positive outlook for the market. The market is further driven by the continual technological advancements in the manufacturing of transplant boxes. They are increasingly being integrated with novel materials and technologies in an attempt to extend the shelf life of the organs placed in the box without negatively affecting their functionality of the same. Coupled with the rising investments for research and development (R&D), this is expected to act as another major growth-inducing factor. Looking forward, IMARC Group expects the global transplant box market to grow at a CAGR of around 7% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global transplant box market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and application.
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Hibernicor, Institut Georges Lopez, Organ Recovery Systems, OrganOx Limited, Paragonix Technologies Inc., TransMedics Inc. and XVIVO Perfusion AB.
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