The Asia-Pacific Market to Offer Significant Growth Opportunities for Players in the Organ Preservation Market in the Coming Years

The growth of the organ preservation market is likely to be centered at the Asia-Pacific region due to new the new regulatory framework in China, increasing organ donations in Asia-Pacific and increasing government initiatives to promote organ donation.

The organ preservation market in China is growing at a significant rate, due to the new regulatory framework that boosts voluntary organ donation. To curtail the illegal and unethical practices of organ donation and transplants, the Chinese government and Ministry of Health introduced a new law to phase out the practice of harvesting of organs from executed prisoners and began a countrywide program of voluntary donation. The law came into effect from January 2015. The change in the legal framework has enabled public organ donations in China. As of February 2016, a total of 16,827 patients were saved from the deceased organ donations of 6,238 Chinese citizens (Source: China Daily). Further, the National Organ Donation and Transplantation Committee of China expect that the number of organ transplant hospitals will be doubled by 2020.

Australia is witnessing an increase in the number of organ donations. The low rates of organ donation in Australia prompted the development of a new approach as outlined in the “Increasing Organ Donation in NSW: Government Plan 2012”. The initiatives carried out by the government in 2012 significantly improved NSW organ donation rates, increasing it from 10.9 DPMP to 14.2 DPMP. Initiatives such as these have significantly enhanced organ donation rates in Australia and improved clinical outcomes for patients and families.

Various non-governmental organizations and groups are conducting awareness campaigns to promote organ donation. National Organ and Tissue Transplant Organization (NOTTO), a national level organization set up under the Ministry of Health and Family Welfare (India), facilitates organ transplantation by creating awareness and promoting organ donation through various workshops.  Similarly,                 ORGAN (Organ Receiving & Giving Awareness Network) India, an initiative of the Parashar Foundation in partnership with MOHAN Foundation (a non-governmental organization), creates widespread awareness on organ donation in Delhi (India). By stimulating organ donation and building awareness on the subject, such initiatives ensure a sustained need for organ transplantation preservation and storage equipment.