Transplant Diagnostics Market Growth Statistics 2022-28
The global transplant diagnostics market was valued at USD 4.1 billion in 2021 and is poised to grow at a significant CAGR of 7.8% over 2022–2028. Transplant diagnostic is a clinical and administrative tool that aids in increasing the efficiency and effectiveness of the transplantation process. Transplant diagnostics assist cancer patients in order to increase overall operational efficiency as well as patient care. Increased patient flow to private clinics and hospitals has resulted from high prevalence and incidence rates of kidney dysfunction, heart disorders, an increase in the number of instances of lungs condition, and orthopaedic injuries in the global population. In the foreseeable future, these variables are expected to fuel the demand for transplant diagnostics. Moreover, compatibility of markers improves graft survival and reduces severe immunologic transplant problems, which is expected to drive the transplant diagnostic market in the near future.
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The increased prevalence of stem-cell-based, soft tissue, and solid organ transplants, the growing geriatric population, the rising incidence of chronic diseases, the increase in laboratory automation of diagnostic operations assisted by robots, and technological advancements in human leukocyte antigen typing are among the key factors driving the global Transplant Diagnostics Market. Furthermore, an increase in public and private investments to develop novel human leukocyte antigen (HLA) products for testing, the rising number of HLA applications in diagnostics, improvements in healthcare infrastructure, particularly in developing countries, consistent reductions in average gene sequencing costs, and rising bases of installation of NGS as well as PCR instruments are propelling the global Transplant Diagnostics Market.
The global transplant diagnostics market segmentation:
1) by Technology: Molecular Assay Technologies, Sequencing-based Molecular Assays, Non-molecular Assay Technologies.
2) By Product & Service: Reagents & Consumables, Instruments, Software & Services.
3) By Transplant Type : Solid Organ Transplantation, Stem Cell Transplantation, Soft Tissue Transplantation, Bone marrow Transplantation.
4) By Application: Diagnostic Applications (Pre-transplantation Diagnostics, Post-transplantation Diagnostics, Research Applications.
5) By End User: Independent Reference Laboratories, Hospitals & Transplant Centers, Research Laboratories & Academic Institutes.
Due to the obvious continuous decrease in the average cost of gene sequencing, private-public funding for the development of HLA typing technology, and the rising number of stem cells as well as solid organ-based transplantation in the region, North America dominated the overall market for transplant diagnostics. In the global Transplant Diagnostics Market, Asia is predicted to develop at a fast rate over the next five years, with China and India being the fastest-growing markets in the Asia Pacific region.
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Some of the major key players in the Transplant Diagnostics Market are LXN Corporation, Horiba Medical, Alpha Laboratories, Cylex Inc, Otsuka Holdings Co Ltd, Laboratory Corporation of America Holdings.
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