Research Nester published a report titled “Embalming Fluid Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global embalming fluid market in terms of market segmentation by methanol content, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global embalming fluid market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of application into cell preservation, disinfection, anti-edemic chemicals, cavity fluids, and others. Out of these, the cell preservation segment is anticipated to hold the notable share over the forecast period owing to the increasing organ transplants backed by rising prevalence of chronic diseases. Moreover, the growing awareness regarding organ donation is estimated to boost the market growth.
The global embalming fluid market is estimated to grow on the back of up-surge in the adoption of embalming fluid for preservation, disinfection, and sanitization of cells. Moreover, the growing demand for organ preservation for organ transplant in the healthcare sector is estimated to boost the market growth. According to the data by the Global Observatory on Donation and Transplantation, a total of 166,579 transplants were performed in 2019. Moreover, increasing adoption of these chemicals to preserve bodies at funeral homes, and to store evidence for police department are anticipated to propel the growth of the market.
On the basis of geographical analysis, the global embalming fluid market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The North America region is anticipated to provide more business opportunities over the forecast period owing to the high demand for organ transplants in the region. Moreover, improving healthcare sector is expected to fuel the regional market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Demand for Organ Preservation for Transplants to Boost the Market Growth
According to the data by the Global Observatory on Donation and Transplantation, 41,860 deceased people donated their organs in 2019, globally.
With the improvement in healthcare sector, the awareness regarding organ transplant is increasing. Moreover, embalming chemicals reduce or restrict decomposition activities, to prolong the life of organs. Such factors are estimated to boost the market growth.
However, the requirement of high initial investment is expected to operate as key restraint to the growth of global embalming fluid market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global embalming fluid market which includes company profiling of Bondol Laboratories, Inc., Arlington Chemical Company, The Champion Co., Tecan Group Ltd., Kelco Supply Company, TrinityFluids, LLC, Esco Micro Private Limited, Pierce Chemical Co., Frigid Fluid Company, and The Dodge Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global embalming fluid market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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