New York, NY, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Transplant Diagnostics Market by Product Type (Instrument, Software, and Reagent), by Technology (NGS, PCR, and Sanger Sequencing), by Application (Blood Profile, HLA, and Pathogen Detection), by End-User (Research Laboratories and Academic Institutes, Hospitals and Transplant Centers, and Commercial Service Providers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global transplant diagnostics market was valued at approximately USD 715 million in 2018 and is expected to generate around USD 1,219 million by 2025, at a CAGR of around 7.9 % between 2019 and 2025.
Transplant diagnostics helps in checking the histocompatibility between patient and donor, which further reduces the chances of organ rejection thereby increasing the reliability of the organ transplantation. The diagnostics devices help to find out the various markers found on the outer surface of cells which regulate the recognition and rejection of foreign body. After analyzing the markers the healthcare professionals are able to find the closest match to the patient. Organ transplantation is done in order to remove the non-functioning organ with functioning one to provide a normal life to the individuals. There are various organs which can be transplanted such as, liver, lung, heart, pancreas, kidney, bone marrow, and others.
Browse through 71 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Transplant Diagnostics Market Size & Share 2018: Industry Type, Segments, Trends, Analysis and Forecast, 2025”.
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The primary factor that is likely to contribute toward the growth of the global transplant diagnostics market in the upcoming years is the increasing prevalence of chronic disorders leading to organ failure. This has increased the demand for organ transplantation. As per the Global Observatory on Donation and Transplantation, there has been an increase in organ donation by 7.25% in 2016. Furthermore, various technological advancements in the healthcare industry are expected to provide advanced diagnostics to patients, which are anticipated to further fuel the growth of transplant diagnostics market globally. Moreover, the increase in the use of stem cell therapy and personalized medicine and organ harvesting is expected to gain traction in the future. Government initiatives and programs are expected to create awareness among people about organ transplantation, which is expected to create new growth opportunities in the future. However, the high cost and complication of the organ transplant procedure coupled with the reluctance of organ donation among people may inhibit the growth of transplant diagnostics market over the estimated time period.
The global transplant diagnostics market is classified into product type, technology, application, and end-user. By product type, the global transplant diagnostics market is segmented into the instrument, software, and reagent. The reagent segment is expected to hold the largest share of the global transplant diagnostics market in the future. By technology, the transplant diagnostics market is segmented into NGS, PCR, and Sanger sequencing. NGS is expected to expand rapidly over the forecast time period. By application, this global market includes blood profile, HLA, and pathogen detection. By end-user, the market is segmented into research laboratories and academic institutes, hospitals and transplant centers, and commercial service providers.
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By region, North America is expected to dominate the global transplant diagnostics market over the forecast time period. This can be attributed to the increasing prevalence of chronic diseases leading to organ failure, rising adoption of organ transplantation, and the growing geriatric population. Moreover, the availability of advanced healthcare facilities and infrastructure in the region’s developed countries, such as the U.S. and Canada, are expected to further promote the growth of the North American transplant diagnostics market over the forecast time period.
The European region is likely to emerge as the second leading transplant diagnostics market globally over the forecast time period, closely following North America in terms of revenue. This can be attributed to the presence of advanced research and development facilities in the region coupled with technological advancements.
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The Asia Pacific region is expected to grow rapidly in the years ahead, due to the presence of developing economies, such as India and China, and developing healthcare facilities across the region. Furthermore, the increased prevalence of various chronic disorders and the presence of domestic and international market players that make huge investments in R&D activities in the region are expected to further contribute to the growth of the Asia Pacific transplant diagnostics market over the estimated timeframe.
Latin America and the Middle East and Africa are expected to grow considerably over the estimated timeframe. This can be attributed to the increasing awareness among people, substantial developments in medical facilities with economic growth, and favorable government initiatives.
Browse the full “Transplant Diagnostics Market by Product Type (Instrument, Software, and Reagent), by Technology (NGS, PCR, and Sanger Sequencing), by Application (Blood Profile, HLA, and Pathogen Detection), by End-User (Research Laboratories and Academic Institutes, Hospitals and Transplant Centers, and Commercial Service Providers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/transplant-diagnostics-market
Some key players of the global transplant diagnostics market include Bio-Rad Laboratories, Inc., Siemens Healthineers (Siemens AG), Becton, Dickinson, and Company, Immucor, Inc., Qiagen N.V., Illumina, Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific, Inc., and Agilent Technologies, among others.
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The report segments the global transplant diagnostics market into:
Global Transplant Diagnostics Market: Product Type Analysis
- Instrument
- Software
- Reagent
Global Transplant Diagnostics Market: Technology Analysis
- NGS
- PCR
- Sanger Sequencing
Global Transplant Diagnostics Market: Application Analysis
- Blood Profile
- HLA
- Pathogen Detection
Global Transplant Diagnostics Market: End-User Analysis
- Research Laboratories and Academic Institutes
- Hospitals and Transplant Centers
- Commercial Service Providers
Global Transplant Diagnostics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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