The Latin America Organ Preservation Market is worth USD 10.8 million in 2016 and estimated to grow at a CAGR of 6.5%, to reach USD 14.8 million by 2021. The Latin America Organ Preservation market is developing at an exceptionally quick pace.
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In an occurrence of organ donation surgeries, the procedure of the perseveration of gave organs begins after the expulsion of the required organ, for example, liver, kidney, heart, or pancreas, from the body of the giver. The organ is put in various layers of sterile compartments and a frigid slush blend encompasses these sterile holders. This blend is known as an organ preservation arrangement. The objective of this arrangement is to keep the organs chilly yet not solidified. This arrangement helps in keeping up the feasibility of the organs beginning from the season of gift of the organ to the season of transplantation.
The significant drivers for organ preservation market incorporate rising strong organ transplantation strategies. Moreover, expanding geriatric populace all inclusive combined with rising multi-organ breakdown cases is likewise anticipated that would help this market in coming five years. Besides, expanding government activities to advance organ gift will likewise fuel the development in this market. Nonetheless, the high cost of procurement and restricted extension at the level of end clients are required to hamper the market development in coming five years. Notwithstanding these limits, innovative work in the organ preservation market are relied upon to be an open door for this market in the forecast period.
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The Latin America market for Organ Preservation is segmented on the basis of Preservation Solution, Transportation Technique, Organ Type and region. Based on Preservation Solution, the market is segmented into UW,Custodiol HTK and Perfadex. Based on Transportation Technique, the market is segmented into Static Cold Storage, Hypothermic Machine Perfusion, and Normothermic Machine Perfusion. Based on Organ Type, the market is segmented into Kidneys, liver and lung. Preservation of kidney accounted for the biggest market share in 2016 owing to the increasing aging population coupled with increasing prevalence of kidney failures. According to National kidney foundation, more than 80% of all patients who receive treatment for kidney failure are in affluent countries with universal access to health care and large elderly populations.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The market is anticipated to keep thriving in both created and creating districts. The development is additionally credited to the developing interest in organ preservation.
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Essential Pharmaceuticals (U.S.), Dr. Franz Kohler Chemie GmbH (Germany), Organ Recovery Systems (U.S.), Xvivo Perfusion AB (Sweden), and Waters Medical Systems LLC (U.S.), among others.are the leaders in the Latin America Organ Preservation market.
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