Significant technological advancements in transplant diagnostics market
Portland, OR -- (SBWIRE) -- 11/09/2017 -- Transplant Diagnostics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,031 million by 2022, registering a CAGR of 10% during the period 2016-2022. The serological assay technology is the most preferred, which accounted for about half of the market share globally, in 2015. The reagents & consumables segment is projected to remain dominant throughout the forecast period. North America held the leading market position in 2015, and is expected to maintain this trend.
Increase in incidence of organ failure owing to growing cases of chronic diseases, rise in ageing population, and increase in focus on R&D is expected to propel the growth of the global transplant diagnostics market. Chronic diseases can lead to organ failure in patients, which could be a significant target audience for transplant diagnostics procedures. However, difficulties in human leukocyte antigen (HLA) sequencing and increasing worldwide organ shortage can hamper the market growth.
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The reagents & consumables segment accounted for the maximum revenue generation in 2015, owing to the increased number of diagnostics procedures pre and post organ transplantation. The instruments & equipment segment is projected to grow at a CAGR of 9.1% and reach $76.3 million by 2022. Both the technologies, namely non molecular assay and molecular assay hold significant position in the global transplant diagnostics market.
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With rise in number of kidney transplants, the segment is set to report a high revenue in the future, with a CAGR of 9.8%, owing to increased incidence of renal failure worldwide. Liver and heart transplants are estimated to report a strong growth rate during the forecast duration, due to increased awareness for organ donations and increase in incidence of liver and heart failure.
Transplant Diagnostics Market Key Segments
Transplant Diagnostics Market By Technology
Transplant Diagnostics Market By Component
-Instrument and Equipment
-Reagent and consumables
-Software and services
Transplant Diagnostics Market By End-User
-Hospitals and transplant centers
-Research laboratories and academic institutes
-Commercial Service Providers
Transplant Diagnostics Market By Applications
Transplant Diagnostics Market By Organ Type
Transplant Diagnostics Market By Screening Type