Transplant Diagnostics Market Research Report- Global Forecast Till 2027

Transplant Diagnostics Market Information, By Product & Service (Instruments, Reagents & Consumables), By Screening Type (Pre-Transplant, Post-Transplant), Organ Type (Kidney, Liver, Heart, Lung, Pancreas), By Application - Forecast to 2027

ID: MRFR/MED/0816-CR | July 2018 | Region: Global | 100 pages

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Transplant Diagnostics Market Overview


The transplant diagnostics market is anticipated to grow at high speed in the years to come. The transplant diagnosis market value is expected to reach USD 2,074.65 Million over the forecast period, with a CAGR (Compound Annual Growth Rate) of about 7.8% by 2023. This is because of increasing technological advancements in medical devices and the rising number of organic failures among the global population.


The increasing adoption of transplant diagnostics is mainly because of the rising prevalence of chronic diseases across the globe. The expanding funding for research & development institutes will also help strengthen the global market during the forecast period. Moreover, the escalating senior population is likely to boost the transplant diagnostics market value. Conversely, the high expenditures related to PCR and NGS devices will probably inhibit the market growth over the forecast period.


Covid-19 Analysis


With the rise of the Covid-19 impact, many large-scale businesses and industries suffered, except healthcare and life support products. The lockdown and physical distancing protocols have affected millions of small and big business institutions alike. The transplantation diagnosis market saw a slight downfall post the pandemic due to the lockdown and physical distancing.


The pandemic has severely hindered the market growth, which has affected the forecast market value significantly. However, the pandemic situation is expected to wear off in the coming years. Hence, the market will see a steady growth in the forecast years.


Market Dynamics


Drivers


A few factors may drive the growth of the transplant diagnostics market share. The rising prevalence of chronic disorders among the global population is expected to drive market growth throughout the forecast years. The increasing occurrence of chronic illnesses will mostly lead to organ failures. Hence, this issue will probably increase the demand for organ transplant diagnosis provisions. Moreover, the growing adoption of stem cell therapy and customized drugs is gaining a reputation. This is expected to enhance the growth of the transplant diagnosis market undoubtedly.


Opportunities


The major companies that account for the largest transplant diagnostics market share adopt trends such as new product launches with advanced technology for diagnosis and treatment. There has also been a rise in the average income of the global population, which has fueled the healthcare expenditure. Hence, these factors serve as opportunities for global market growth.


Restraints


There are a few factors that may inhibit the transplant diagnostics market growth. One of the most important is the high cost of the procedures related to the PCR and NGS diagnosis devices. Hence, this may hinder market growth in the long run.


Challenges


Some factors that may challenge the key transplant diagnosis device providers include the cost of the medical devices. The broadening gap between organ donation and transplantation procedures is an important challenge for the market players. This time restraint and complication may slow down the transplant diagnostics market growth during the forecast years.


Cumulative Growth Analysis


The transplant diagnostics market is anticipated to grow at high speed in the years to come. The transplant diagnosis market value is expected to reach USD 2,074.65 Million over the forecast period, with a CAGR of about 7.8%. The market growth will be owing to the rising incidences of chronic diseases and increasing organ failures across the globe. The growing demands for an effective and non-invasive technique of medical procedures are expected to aid in the expansion of the global market. Conversely, the global market growth may be inhibited by the high expenditures related to PCR and NGS devices.


Value Chain Analysis


The increasing adoption of transplant diagnostics is mainly because of the rising occurrence of chronic diseases across the globe. The conditions subsequently lead to organ failures in people, which call for organ transplantation. The growing funding for the research & development of the transplant diagnostics field will also help strengthen the global market during the forecast period. Moreover, the escalating senior population will likely boost the market value during the transplant diagnostics market forecast. Conversely, the high expenditures related to PCR and NGS devices will probably inhibit the market growth over the forecast period.


Segment Overview


The global transplant diagnostics market is classified into many segments such as screening type, product & service, end-user, and application. Listed below are the transplant diagnosis market segments:


By Product & Service




  • Instruments




  • Reagents & consumables




  • Software & services




By Application




  • Diagnostic applications




  • Research applications




  • Others




By End-user




  • Commercial service providers




  • Research Laboratories & Academic Institutes




  • Hospitals and Transplant Centers




  • Others




Regional Analysis


The regional division of the transplant diagnostics market analysis comprises North America, Europe, Asia Pacific, and the rest of the world. Among these regions, North America is expected to rule over the global market over the forecast period (2022 – 2027). This is because of the advancements in the healthcare sector in the region. Moreover, most of the skilled surgeons and advanced transplant technologies belong to the US.


This region will be followed by Europe, with a significant share in the global transplant diagnostics industry. This is because of the rising number of organ transplants, donors, and the government's support in developing the transplant diagnosis market in the region. The UK will grow to be the largest market in Europe over the forecast.


The Asia Pacific region is also anticipated to witness a tremendous market growth rate over the forecast period. This is because the Asia Pacific comprises a large pool of patient population and advanced healthcare infrastructure. Furthermore, emerging nations such as India and China are expected to be the most profitable markets, another important aspect in boosting the regional market. 


Also, the growing medical tourism destination in the Asia Pacific region is expected to increase the market considerably throughout the assessment period. The Middle East & Africa and the Latin American areas may also witness moderate market growth over the forecast years.


Competitive Landscape 


The transplant diagnostics industry is dominated by a few companies that play a vital role in the market growth. These transplant diagnosis companies are called critical companies of the market. They contribute to the largest share of the market profit.


The companies account for the market profits by adopting various transplant diagnostics market trends such as joint ventures, product launches, company expansions, and procurements.


Key Players


Below are the key companies that offer transplant diagnostics in the global market, with the location of their headquarters:




  • Becton Dickinson and Company (US.)




  • Bio-Rad Laboratories Inc. (U.S.)




  • Illumina Inc. (US.)




  • Immucor Transplant Diagnostics Inc. (US.)




  • Thermo Fisher Scientific Inc. (US.)




  • CareDx (US.)




  • Affymetrix Inc. (US.)




  • Linkage Biosciences (US.)




  • Abbott Laboratories Inc. (US.)




  • bioMérieux S.A. (France)




  • QIAGEN NV (Netherlands)




  • Hoffman-La Roche Ltd. (Switzerland)




  • GenDx (Netherlands)




  • Omixon Ltd. (UK.)




Recent Developments




  • In December 2020, Thermo Fisher Scientific, the global key player in serving science, declared that it would boost its reach in the North American and European regions for sterile drug product development and commercial production of critical medicines, vaccines, and therapies.




Report Overview 


This report delivers all the information about the global transplant diagnostics market size in the forecast period. It also contains different sections of the market analysis to help obtain detailed information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. Moreover, all the information is collected from verified primary and secondary sources to provide the expected transplant diagnostics market outlook.


Geographically




  • Europe




  • Asia-Pacific




  • North America




  • Middle East & Africa




  • Rest of the world





Report Scope:
Report Attribute/Metric Details
  Market Size   USD 2,074.65 Million
  CAGR   7.80% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product & Service, Screening Type, Organ Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Hoffman-La Roche Ltd. (Switzerland), Abbott Laboratories Inc (U.S.), CareDx (U.S.), Becton Dickinson and Company (U.S.), Immucor, Inc. (U.S.), QIAGEN N.V. (Netherlands), GenDx (Netherlands), bioMérieux S.A. (France), Omixon Ltd. (U.K.), Illumina, Inc. (U.S.), Affymetrix, Inc (U.S.), Immucor Transplant Diagnostics, Inc (U.S.), Linkage Biosciences (U.S.)
  Key Market Opportunities   Rapid Development of Diagnostic Products in Emerging Countries to Offer Significant Opportunity for Expansion
  Key Market Drivers   Growing Incidence of Organ Failure to Favor the Market


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Frequently Asked Questions (FAQ) :

Global Transplant Diagnostics Market is expected to touch a size of USD 2,074.65 million by 2023.

Global Transplant Diagnostics Market can expand at 7.80% CAGR from 2020 to 2027.

Heavy funding to R&D institutes by public-private firms can drive the Global Transplant Diagnostics Market.

Global Transplant Diagnostics Market growth can be impeded due to low awareness of patients.

Reagents & consumables can dominate the product & service segment in the Global Transplant Diagnostics Market.

Hospitals & transplant centers are predicted to be the biggest end-user of the Global Transplant Diagnostics Market.

Bio-Rad Laboratories, Inc., Becton Dickinson and Company, Thermo Fisher Scientific Inc., QIAGEN N.V., F. Hoffmann La Roche Ltd., bioMérieux S.A., and Illumina, Inc. are some of the biggest players of the Global Transplant Diagnostics Market.

 Global Transplant Diagnostics Market: Competitive Landscape


Thermo Fisher Scientific Inc., F. Hoffmann La Roche Ltd., Bio-Rad Laboratories, Inc., QIAGEN N.V., Illumina, Inc., bioMérieux S.A., and Becton Dickinson and Company collectively accounted for more than 45% of the market share of the global transplant diagnostics market in 2017. These companies continue to retain their strong global presence through expansions, mergers and acquisitions, and extensive product portfolio.


The global transplant diagnostics market is currently dominated by Thermo Fisher Scientific Inc. with 21.1% of the total market share. Thermo Fisher Scientific with its technically magnificent products and skilled workforce assists its customers to accelerate life science research as well as to get better outcomes in challenging clinical research fields. Through their premier brands Thermo Scientific, Invitrogen, Fisher Scientific Applied Biosystems, and Unity Lab Services cater to several products such as analytical instruments, laboratory supply chain programs and e-commerce, laboratory equipment, lab services, specialty diagnostics, and others

Hoffmann-La Roche Ltd. was the second largest medical device company, with a share of 15% as of 2016. This can be attributed to its product, the Elecsys Immunosuppressive Drug (ISD) assays which is one of the diagnostic assays having high demand in this market. The company has a huge brand image, broad product portfolio, and strong distribution network around the globe. The firm also develops and manufactures pharmaceutical, medical, and diagnostic products. Roche is known for its technological innovations in the transplant diagnostics market.


Becton, Dickinson, and Company accounted for a considerable market share of the global transplant diagnostics market. The large share of the company is attributed to the high demand for blood collection tubes and diagnostic techniques globally. Moreover, this company has a strong sales and distribution network and also provides after-sales services.


Bio-Rad Laboratories, Inc. accounted for 5.5% of the global market share in the transplant diagnostics market in 2017. Bio-Rad Laboratories, Inc. develops, manufactures, and markets products and solutions for life science research and clinical diagnostic markets. It operates through two segments, namely life science and clinical diagnostics. The company operates in Europe, the Pacific Rim, the US, and internationally.


QIAGEN N.V. accounted for 4.9% of the global market share in the transplant diagnostics market in 2017. The company provides insight solutions regarding biological materials worldwide. Moreover, it offers assay technology solutions, DNA purification, ribonucleic acid purification and stabilization, genomic and viral nucleic acid purification, and PCR sequencing. It serves molecular diagnostics, applied testing, pharma, and academic customers. 


In the global transplant diagnostics market, more than 200 companies are involved in the manufacturing of various types of diagnostic catheters and instrumentation. Hence, the market is not completely dominated by any one or two players but fairly divided among the top medical device manufacturing companies. Many leading players are focusing on the American and European markets owing to well-established markets, huge patient population, and high healthcare expenditures. These players have expanded their market in other regions as well. Major companies have a huge brand identity and product portfolio. These companies have adopted organic strategies such as product launches and acquisitions to gain the market. These strategies implied by players in this market are for the continuous innovation and development of new and better products to beat the opponents and strive in this big market.