High Prevalence of Chronic Diseases and Increasing Investment in Organ Preservation to Augment Growth of Organ Preservation Market
Organ preservation plays a major role in organ transplant and treatment and management of chronic diseases. It can be used to preserve organs such as the liver, pancreas, and kidneys. Organ preservation can be used to preserve organs for around 72 hours. Market Dynamics High prevalence of chronic diseases is expected to propel growth of the organ preservation market . For instance, the U.S is expected to record 1,806,590 new cases of cancer and 606,520 deaths from the disease in 2020, according to National Cancer Institute. Moreover, high demand for organ transplant is also expected to boost growth of the organ preservation market. For instance, according to the U.S. Government Information on Organ Donation and Transplantation, over 112,000 patients are on the national transplant waiting list as of March 2020. Increasing investment in organ preservation is expected to offer lucrative growth opportunities for players in the organ preservation market. For instance, in J...