The South & Central America organ preservation solution market was valued at US$ 16,602.01 thousand in 2023 and is expected to reach US$ 31,423.90 thousand by 2031; it is estimated to register a CAGR of 8.4% from 2024 to 2031.
Various market players focus on product launches or strategic collaborations to develop advanced products that help ease the treatment of chronic disorders. There have been various recent developments, such as product launches, mergers, and acquisitions in recent years.
Thus, a surge in product approvals, launches, and strategic collaborations is likely to create considerable growth opportunities for the organ preservation solution market in the future.
The South & Central America organ preservation solution market is segmented into Argentina, Brazil, and the Rest of South & Central America. Brazil is expected to hold the major market share in this region. The organ preservation solution market in this region is expected to grow rapidly due to expanding healthcare facilities, rising prevalence of chronic disorders and growing awareness of organ transplantation in the region.
The Rest of South & Central America consists of countries such as Chile, Colombia, Peru, Cuba, Venezuela, and Bolivia. These countries are improving their healthcare infrastructure by permitting new players to enter the market. According to the Department of Economic and Social Affairs, ~11.5% of the population in Chile was reported to be over 65 years of age in 2019, and the share is projected to reach 21% by 2041. Peru also has a considerable portion of people aged 60 and above. As per El Instituto Nacional de Estadística e Informática (INEI) 2020 data, older adults make up more than 4 million, i.e., 12.7%, of the Peruvian populace, constituting 47.8% men and 52.2% women. This number is more than twice as much as in 1950, wherein this population group represented 6% of the total. Demographic data shows that the number of inhabitants aged 65 and above has grown progressively over the last decade and reached 2.99 million in 2021. As per the American Association of Retired Persons, International data shows that people aged 60 and above in Costa Rica represented 9% of the total population in 2021. This proportion is expected to double by 2050, as older adults will account for ∼20% of the population in the country. People aged 60 years and above are prone to organ failure and damage. Therefore, the rising geriatric population drives the need for organ transplant, propelling the demand for organ preservation solutions in the Rest of South & Central America.
The South & Central America organ preservation solution market is categorized into product, application, type, end user, and country.
Based on product, the South & Central America organ preservation solution market is categorized into University of Wisconsin solution, custodiol HTK, Perfadex, HypoThermosol, and others. The University of Wisconsin segment held the largest market share in 2023.
In terms of application, the South & Central America organ preservation solution market is segmented into static cold storage, hypothermic machine perfusion, normothermic machine perfusion, and others. The static cold storage segment held the largest market share in 2023.
By type, the South & Central America organ preservation solution market is categorized into kidneys, liver, lungs, heart, and others. The kidneys segment held the largest market share in 2023.
Based on end user, the South & Central America organ preservation solution market is segmented into organ transplant centers, hospitals, and specialty clinics. The organ transplant centers segment held the largest market share in 2023.
By country, the South & Central America organ preservation solution market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America organ preservation solution market share in 2023.
XVIVO Perfusion, TransMedics, Dr. Franz Koehler Chemie GmbH, and Accord Healthcare, are among the leading companies operating in the South & Central America organ preservation solution market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 16,602.01 thousand |
| Market Size by 2031 | US$ 31,423.90 thousand |
| CAGR (2023 - 2031) | 8.4% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Organ Preservation Solution Market is valued at US$ 16,602.01 thousand in 2023, it is projected to reach US$ 31,423.90 thousand by 2031.
As per our report South & Central America Organ Preservation Solution Market, the market size is valued at US$ 16,602.01 thousand in 2023, projecting it to reach US$ 31,423.90 thousand by 2031. This translates to a CAGR of approximately 8.4% during the forecast period.
The South & Central America Organ Preservation Solution 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 South & Central America Organ Preservation Solution Market report:
The South & Central America Organ Preservation Solution Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Organ Preservation Solution Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Organ Preservation Solution Market value chain can benefit from the information contained in a comprehensive market report.
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