Transplant Diagnostic Market Will Witness Enhanced Demand In Organ Transplantation Till 2024: Grand View Research, Inc.
According to report published by Grand View Research, Inc., global transplant diagnostic market will reach $895.2 million by 2024, Increasing number of patients suffering from chronic diseases frequently leading to organ failure is creating the huge upsurge in the demand for transplant procedures.
San Francisco, California, United States – August 18, 2016 /MarketersMedia/ —
The global Transplant Diagnostic Market is expected to reach $895.2 million by 2024, according to report by Grand View Research Inc. The rising demand for organ transplantation is primarily fueling the demand for transplant diagnostics.
Constant healthcare research and development efforts are resulting in the introduction of technically advanced treatments, such as stem cell therapy and organ transplants. As a result, the adoption of these highly-advanced organ transplantation techniques is creating the demand for transplant diagnostics as they reduce the risk of infections and minimize the chances of an immune response through pre-operative assessments including histocompatibility tests, such as Human Leukocyte Antigen (HLA) typing, which determines donor-receiver organ or tissue compatibility prior to organ transplants.
In addition, pertinent organizations are supporting research and development initiatives in the field of organ transplant through grants and funding. As a result, innovative and advanced diagnostic tools are frequently entering into the market. On the other hand, high cost of the diagnostic tests is one of the major factors hindering the growth of the market.
Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). North America and Europe together accounted for the largest market share in 2015. Developed economies and well-established healthcare infrastructure coupled with the presence of a highly developed research infrastructure are accelerating the adoption of organ and tissue transplant therapies in Europe and North America. As a consequence, the demand for transplant diagnostics is high in North America and Europe.
Wide adoption of HLA typing owing to its ability to determine organ compatibility between the donor and the receiver preceding organ transplants and to predict potential perioperative immunological complications is driving the growth of the molecular assay market in North America and Europe.
Asia Pacific is expected to show the fastest growth rate during the forecast period owing to the booming medical tourism in countries, such as India. Availability of advanced healthcare infrastructure and skilled professionals at alower costare anticipated to attract patients worldwide to this region for transplant procedures.
In addition, the presence of highly advanced healthcare infrastructure and the ongoing government initiatives to improve healthcare facilities in the country are collectively anticipated to boost the market growth in Japan during the forecast period. As a result, the Asia Pacific market is anticipated to reach USD 216.6 million in 2024.
Access full research report: http://www.grandviewresearch.com/industry-analysis/transplant-diagnostic-market
Key findings
• The PCR-based molecular assay captured the largest share of the overall market in 2015. The large market share was mainly attributed to the extensive adoption of the PCR technique in HLA typing.
• The sequencing-based typing segment is anticipated to witness significant growth rate from 2016 to 2024. The escalation in the adoption of next generation sequencing (NGS) is the major factor expected to drive the growth of this segment during the forecast period.
• The integration of sequencing with serological typing enhances diagnostic outcomes and, hence is expected to augment the growth of the sequencing segment during the forecast period
• The reagents and consumables segment accounted for the largest market share in 2015. This large share is mainly attributed to the repeat purchase of these products.
View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/healthcare
Market Segments:
Transplant Diagnostic Market by Technology, 2013 – 2024 (USD Million)
• Molecular Assays
• PCR-Based Molecular Assays
• Sequencing-Based Molecular Assays
• Non-Molecular Assays
• Serological Assays
• Mixed Lymphocyte Culture (MLC) Assays
Transplant Diagnostic Market by Product, 2013 – 2024 (USD Million)
• Reagents and Consumables
• Instruments
• Software and Services
Transplant Diagnostics Market, by Region, 2013- 2024 (USD Million)
• North America
• U.S. Transplant Diagnostics Market by Product Type
• Canada Transplant Diagnostics Market by Product Type
• U.S.Transplant Diagnostics Market by Technology Type
• Canada Transplant Diagnostics Market by Technology
• Europe
• Germany Transplant Diagnostics Market by Product Type
• France Transplant Diagnostics Market by Product Type
• Germany Transplant Diagnostics Market by Technology
• France Transplant Diagnostics Market by Technology
• Asia Pacific
• China Transplant Diagnostics Market by Product Type
• India Transplant Diagnostics Market by Product Type
• China Transplant Diagnostics Market by Technology
• India Transplant Diagnostics Market by Technology
• Latin America
• Brazil Transplant Diagnostics Market by Product Type
• Mexico Transplant Diagnostics Market by Product Type
• Brazil Transplant Diagnostics Market by Technology
• Mexico Transplant Diagnostics Marketby Technology
• MEA
• South Africa Transplant Diagnostics Market by Product Type
• South Africa Transplant Diagnostics Market by Technology
Access press release of this research report: http://www.grandviewresearch.com/press-release/global-transplant-diagnostic-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
For more information, please visit http://www.grandviewresearch.com/industry-analysis/transplant-diagnostic-market
Contact Info:
Name: Sherry James
Email: sales@grandviewresearch.com
Organization: Grand View Research, Inc.
Address: 28 2nd Street, Suite 3036, San Francisco, California, 94105
Phone: 1-415-349-0058
Release ID: 128540
Copyright © 1999-2013 SproutNews.com
