The report “Transplant Diagnostics Market by Technology (Serological, SSO- & SSP-PCR, Sanger Sequencing, NGS), Product (Instrument, Reagent, Software), End User (Hospitals, Transplant Centers, Academia), Application (Diagnostic, Research) - Global Forecasts to 2019”, the global transplant diagnostics market is poised to grow at a CAGR of 6.5% during 2014-2019, and is expected to reach a value of $645.0 Million in 2019.
Browse 79 market data tables and 56 figures spread through 180 pages and in-depth TOC on “Transplant Diagnostics Market"
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On the basis of type of technology, the global transplant diagnostics market has been divided into two major segments, namely, molecular and non-molecular assay technology. The molecular assay technology segment accounted for the largest share of the global market in 2014. Furthermore, molecular assay technology segment is expected to grow at the highest CAGR in the next five years, owing to factors such as development of innovative HLA typing products, benefits offered by robotics in lab automation, increasing installation base of PCR and NGS instruments, and high growth opportunities in emerging markets (such as Asia and Latin America).
On the basis of type of application, the global market is classified into diagnostic applications and research applications. The diagnostic application segment accounted for the largest share of the global transplant diagnostics market in 2014, and is expected to grow at the highest CAGR in the next five years, owing to rising number of solid organ and bone marrow transplantation procedure across the globe, growing application base of HLA typing products in clinical diagnosis, and market growth in emerging countries due to rapidly modernizing healthcare infrastructure.
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A number of factors such as growing geriatric population, coupled with an increasing population base for chronic disease patients, technological advancement in the field of HLA typing, increased public-private investments to develop innovative HLA testing products, rising number of solid organ, soft tissue, and stem cell-based transplantation procedures across the world are propelling the growth of global transplant diagnostics market. However, factors such as high cost of PCR and NGS instruments and limited medical reimbursement available for transplantation procedures across the globe are restraining the growth of this market. Huge gap between organs donated and organ transplantation required annually is negatively affecting the growth of this market.
On the basis of geography, global market is classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. In 2014, the global transplant diagnostics market was dominated by North America. A number of factors such as increase in public and private funding for development of HLA typing technology, growing number of solid organ transplantation procedure, and continuous reduction in average cost of gene sequencing are driving the growth of this market in the North American region. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2014 to 2019 due to factors such as increasing focus of global life science companies in emerging markets, growing public and private support to develop novel HLA typing technologies, and strengthening healthcare infrastructure across the region.
New product launches and product developments are the key strategies adopted by the major players to develop their position in this global market. Moreover, strategies such as geographic expansions, partnerships, agreements, collaborations, and acquisitions were also adopted by a significant number of market players to strengthen their product portfolio and to expand their geographic presence in the transplant diagnostics market.
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Abbott Laboratories Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), F. Hoffmann-La Roche, Ltd. (Switzerland), Illumina, Inc. (U.S.), Immucor, Inc. (U.S.), Linkage Biosciences (U.S.), Olerup Ssp Ab (Norway), Qiagen N.V. (Netherlands), Sigma-Aldrich (U.S.), and Thermo Fisher Scientific Inc. (U.S.) are the key players operating in the global transplant diagnostics market.
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