Organ Transport Devices Market Projected to Gain Significant Value through 2032
The global organ transport devices market is expected to be worth US$ 115.1 Million in 2022 and to grow at an 8.7% CAGR during the forecast period (2022 to 2032). The global market is expected to be worth US$ 265.1 million by the end of 2032. Healthcare services and quality of care have improved as a result of technological advancements in the sector. Rising demand for organ transplantation is projected to drive research and development activities, as well as investments in new organ care products. For instance, in April 2021, TransMedics Group Inc. launched ‘Heart in a Box’ or the Transmedics Organ Care System (OCS) Heart. The portable organ care device can preserve and monitor hearts donated for transplant for up to three times longer than current methods. Furthermore, to meet the increased need for organ transplantation, various bioengineering organizations are performing research and development activities. Governments are also providing funds to these companies to accelerate rese...