Industry Report “Transplant Diagnostics Market Research Report – Global Forecast Till 2023” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the Digital Commerce Platform market.
Transplant Diagnostics Market Research Report – Global Forecast Till 2023 to Reach USD 2,074.65 Million and driven by Increasing Numbers of Organ Transplant Procedures; Confirms MRFR
Transplant diagnostics Market Overview
The global transplant diagnostics market is slated to display a CAGR of 7.80% from 2018 to 2023 (forecast period). It can touch a value of USD 2,074.65 million by 2023. The inflow of capital for research and development purposes for improving the accuracy of transplant diagnostic tests can drive the market growth exponentially. Public-private partnerships are likely to expedite the rate of R&D due to subsidies and attractive incentives. Large number of transplantation procedures are likely to elicit the need for transplant diagnostic tests at clinics and hospitals. According to a collaboration between World Health Organization (WHO) and Organización Nacional de Trasplantes, 126,670 organs were transplanted in 2015
Market Research Future (MRFR)’s latest research reveals that the global transplant diagnostics market is set to surpass the value of USD 2,074.65 million by 2023. The global market is anticipated to grow at CAGR of 7.80% during the forecast period (2018–2023). The global transplant diagnostics market is anticipated to flourish in the coming years with the growing prevalence of chronic diseases that can lead to organ failure. The market has triggered the curiosity of healthcare providers on account of various benefits offered by these tests to assess the feasibility of the organ transplant procedure. Also, there has been a barrage of research and development activities that lead to technological advancements in the transplant diagnostics field. MRFR notes that the market is in a mature phase in developed economies such as North America while developing countries hold immense potential and show promise in the coming years. Another factor proving to be beneficial for the market is increasing geriatric population who are in constant need of organ transplant. To sum it up, rise in technological advancements, increased research and development activities and growing number of transplant procedures have shaped the market size significantly.
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.
Raw Material Suppliers
Suppliers and Distributors
Transplant Diagnostics Kits Manufacturers
Transplant Diagnostics Market - Segments
By Product & Service: Instruments, Reagents & Consumables, and Software & Services, among others.
By Screening Type : Pre-transplant Screening and Post-transplant Screening, among others.
By Organ Type : Kidney, Liver, Heart, Lung, and Pancreas, among others.
By Application Type : Research Applications and Diagnostic Applications, among others.
By End-user : Commercial Service Providers, Hospitals & Transplant Centers, and Research Laboratories & Academic Institutes, among others.
Leading Market Players
Players leading the global transplant diagnostics market include Illumina, Inc., Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Becton Dickinson and Company, F. Hoffmann La Roche Ltd., bioMérieux SA, and QIAGEN NV, among others.
Global Transplant Diagnostics Market Segmented by, Product & Service (Instruments, Reagents & Consumables), Screening Type (Pre-Transplant, Post-Transplant), Organ Type (Kidney, Liver, Heart, Lung, Pancreas), Application Type, End-User
The increasing incidences of organ failure have generated a high demand for efficient diagnostic procedures which has created a huge opportunity for the players to invest in the global transplant diagnostics market. The players in the global market are focusing on the expansion of their business by increasing the research and development expenditure for new product launch in the global transplant diagnostics market. The strategic mergers and acquisitions are aiding the players to sustain in the highly competitive environment of the global transplant diagnostics market.
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