Transplant Diagnostics Market Analysis and Outlook Report
According to our new research study on “Transplant Diagnostics Market Forecast to 2027 – Global Analysis – by Product & Services, Type, Technology, Application and Geography,” the global transplant diagnostics market size is expected to reach US$ 1,542.89 million by 2027 from US$ 789.88 million in 2018; it is estimated to grow at a CAGR of 7.9% during 2019–2027. The report highlights trends prevailing in the market and factors driving its growth. The transplant diagnostics market growth is attributed to rising need for organ transplantation and rising cell-based research activities. However, the limited number of donors for organ transplantation surgeries may hinder the growth of market.
North America is the largest market for transplant diagnostics with the US holding the largest market share followed by Canada. The market for transplant diagnostics in the US is expected to grow owing to the availability of advanced healthcare infrastructure, increasing number of transplant procedures as well as availability of skilled professionals. There has been a substantial increase in the number of transplant procedures conducted across the US. As per data published by US Department of Health & Human Services, there were around 36,527 organ transplants performed in the US in 2018. The country held an annual record for the sixth consecutive year, as per the Organ Procurement and Transplantation Network (OPTN). The rise in the number of organ transplant procedures along with the awareness regarding the importance of organ donation is expected to fuel growth of the market in the US during the forecast period.
The global transplant diagnostics market, based on product & services, is segmented into instruments, reagents & consumables and software & services. The reagents & consumables segment was the largest among the product & services subsegments in the transplant diagnostics market in 2018. However, the software & services segment is expected to witness growth in its demand at the fastest CAGR of 9.6% during 2019–2027. The global transplant diagnostics market, based on type, is segmented into solid organ transplantation, soft tissue transplantation, and stem cell transplantation. The solid organ transplantation segment held the largest share of the transplant diagnostics market in 2018 and is anticipated to continue to hold the largest market during the forecast period. The global transplant diagnostics market, based on technology, is segmented into molecular assays and non-molecular assays. In 2018, the molecular assays systems segment held a larger share of the market and is expected to witness growth in its demand at a faster CAGR of 9.5% during 2019–2027. The global transplant diagnostics market, based on application, is segmented into diagnostic applications and research applications. In 2018, the diagnostic applications segment held a larger share of the market and is expected to grow at a faster rate during 2019–2027.
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Transplant Diagnostics Market: Segmental Overview
Product and Services-Based Insights
The global transplant diagnostics market, based on product and services, is segmented into instruments, reagents & consumables, and software & services. The reagents & consumables segment held the largest share of the transplant diagnostics market in 2018. However, the software & services segment is expected to witness growth in its demand at the fastest CAGR of 9.6% during 2019–2027.
Type-Based Insights
The global transplant diagnostics market, based on type, is segmented into solid organ transplantation, soft tissue transplantation, and stem cell transplantation. The solid organ transplantation segment held the largest share of the transplant diagnostics market in 2018 and is anticipated to hold the largest market size during the forecast period.
Technology-Based Insights
The global transplant diagnostics market, based on technology, is segmented into molecular assays and non-molecular assays. In 2018, the molecular assays systems segment held a larger share of the market and is expected to witness growth in its demand at a faster CAGR of 9.5% during 2019–2027.
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Transplant Diagnostics Market to 2027- Global Analysis and Forecasts By Product & Services (Instruments, Reagents & Consumables, and Software & Services), Type (Solid Organ Transplantation, Soft Tissue Transplantation, and Stem Cell Transplantation), Technology (Molecular Assays and Non-Molecular Assays), Application (Diagnostic Applications and Research Applications), and End User (Hospitals & Transplant Centers, Research Laboratories & Academic Institutes, and Independent Reference Laboratories)
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