Market Overview:

Market Research Future (MRFR) has announced the release of a new market research report on the global transplant diagnostics market. The report examines the possible global growth trajectory of the transplant diagnostics market based on a detailed study of the historical growth patterns of the market and the markets key growth drivers and restraints. The transplant diagnosis market value is expected to reach USD 2,074.65 Million over the forecast period, with a CAGR (Compound Annual Growth Rate) of about 7.8% by 2023.

The global Transplant Diagnostics Market Trends is anticipated to flourish in the coming years with the growing prevalence of chronic diseases that can lead to organ failure. Transplant diagnostics is a medical field concerned with diagnosing the compatibility of human tissues and organs that are being transplanted. The global transplant diagnostics market has grown at a steady growth rate over the last few years due to the growing demand for organ transplants. The rising prevalence of chronic diseases has been a key factor in the growing demand for organ transplants, as chronic diseases such as diabetes often lead to the loss of organs, as it has an adverse effect on all organ systems, which may be particularly prominent in the case of some organs.

However, marring the market are few restraints including high cost of the transplant procedure. Nonetheless, the market growth is inevitable due to government initiatives across the globe to promote organ transplantation along with continuous technological innovations undertaken by global market players.

Global Market for Transplant Diagnostics Competitive Dashboard

The key players in the global transplant diagnostic market are Becton Dickinson and Company, F. Hoffmann La Roche Ltd., Bio-Rad Laboratories Inc., QIAGEN N.V., Illumina, Inc., bioMérieux S.A., and Thermo Fisher Scientific Inc. and others.

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Global Market for Transplant Diagnostics Segmental Analysis
The global transplant diagnostics market is segmented by component, screening type, organ, application, end use, and region in the report.

By component, the global transplant diagnostics market is segmented into instruments, reagents and consumables, and software and services. Reagents and consumables are likely to be the major driving force for the global transplant diagnostics market over the forecast period, as they are used in high volumes and frequently replenished.

By screening type, the market is segmented into pre-transplant and post-transplant screening.

On the basis of the organ being transplanted, the global transplant diagnostics market is segmented into heart, lungs, liver, pancreas, kidney, and others.

On the basis of application, the global transplant diagnostics market is segmented into diagnostics, research, and others.

By end use, the global transplant diagnostics market is segmented into hospitals and transplant centers, commercial service providers, research laboratories and academic institutes, and others. Hospitals and transplant centers are likely to be the major revenue generator for the global transplant diagnostics market over the forecast period.

Regional Outlook

By region, the global market is segmented on the basis of Americas, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA).

At present, Americas claims the largest market share and is bound to continue doing so in the coming years. The market growth in the region is due to well established healthcare industry and popularity of treatment methods in both the United States (U.S) and many Latin American countries. Furthermore, the diagnostic medical device industry is thriving and touted to be one of the largest sectors in the US.

Asia Pacific is bound to remain an important market in the global market during the assessment period. Growing demand for organs such as kidney and liver is presumed to trigger the growth of the market in the region. Furthermore, accelerating cases of organ diseases such as liver cirrhosis, acute renal failure has led to governments focusing on funding researches to develop organs. This factor proves to be highly crucial in the market growth in the region in the coming years. Also, the region has a high geriatric population who are prone to chronic diseases and are in dire need of organ transplants.

The Europe market has managed to create a niche for itself on account of growth in robot-assisted laboratory automation of diagnostic procedures coupled with technological advancement in the field of human leukocyte antigen (HLA) typing. In addition, increasing public-private investment to develop innovative human leukocyte antigen (HLA) testing products has also resulted in market expansion to a large level.

Lastly, the Middle East and Africa markets are aggressively making their way into the global market. This market expansion in the region is due to improving healthcare infrastructure and continuous reduction in average cost of gene sequencing. It has also been observed that global market players are striving to penetrate the regional market and widen their customer base locally. This intense competition and ambition displayed by such firms fuel the market growth in the region and is expected to surmount in the coming years.

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