Post COVID-19 Impact on Organ Care System Market -
With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues.
Research Dive' group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.
Our study helps to acquire the following:
• Long-term and short-term impact of Covid-19 on the market
• Cascading impact of Covid-19 on Organ Care System Market, due to the impact on its extended ecosystem
• Understanding the market behavior Pre- and Post-COVID-19 pandemic
• Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity
• We’ll help you fight this crisis through our business intelligence solutions.
Pre COVID-19 Analysis of Organ Care System Market -
According to a study, Organ Care System Market for Heart by Research Dive, the market was accounted for $11.0 million in 2018, is anticipated to reach $37.2 million by the end of 2026, at a CAGR of 16.5%.
The global organ care system market for heart is majorly driven by increasing the number of patients suffering from cardiovascular diseases. The common problem for cardiovascular disease is due to heart failure. According to the World Health Organization (WHO), 17.9 million people around the world are suffering from cardiovascular diseases every year, and 37% of deaths are occurring. In such cases, heart transplantation is the only solution, which will be a major driving factor for this market. In addition to this, alcohol consumption and tobacco usage are increasing regularly among people, and they leads to heart strokes and heart attacks. This will also provide a significant boost to the organ care system heart market size during the projected period.
Treatment cost for heart transplantation, coupled with the shortage of organ availability for conducting transplantation will hinder the organ care system market for heart.
This is creating a huge wait time for the new receivers for heart transplantation, and this will also act as a significant restraint for this market to grow. Various governing bodies are taking initiatives in order to create awareness among the people about organ donation, for example, the National Organ Transplant Program in India and a nonprofit organization in the U.S. Donate Life America are significantly creating awareness among the people about the organ donation and their benefits.
The OCS market for heart is categorized into two types, based on mode of handling, trolley and portable type. Portable organ care systems’ segment is expected a robust growth in the coming years and projected to reach $4.7 million by 2026, growing at a rate of 18.0%, owing to its portability. Trolley organ care system is estimated to reach $6.3 million and at 15.3% CAGR.
Asia-Pacific organ care system market for heart will witness substantial growth during the forecast time period, and is projected to account for $4.6 million by 2026, at a CAGR of 12.0%. This is due to the growing initiatives from government in the developing countries of this region, such as the execution of organ transplantation and conducting organ donation awareness programs in Asia-Pacific countries. Moreover, OCS heart market in Europe is expected to account for $6.5 million, at a growth rate of 11.0% by the end of 2026. This is due to growing the market participants.
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