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

Transplant Diagnostics Market Overview


As per the assessment conducted by Market Research Future (MRFR), the Transplant Diagnostics Market size is predicted to acquire the market value of USD 2,074.65 Million by 2023 while thriving at a CAGR of 7.80% during the review period from 2018 to 2023.


The growing adoption of transplant diagnostics is expected to be majorly driven by the rising incidence of chronic illness. The increasing funding for research institutes is likely to strengthen the market during the assessment period further. Furthermore, the expanding geriatric population is projected to augment the transplant diagnostics market size. However, the high expenses associated with PCR and NGS instruments are likely to hinder the market growth during the assessment period.


Impact of COVID-19


Transplant Diagnostics Market is anticipated to decline owing to the outbreak of COVID-19. The pandemic caused various restrictions that hindered the market growth during the lockdown.


Transplant Diagnostics Market Dynamics


Drivers


Growing Incidence of Organ Failure to Favor the Market


The increasing prevalence of chronic illness among the expanding population is projected to be a significant factor that can grow the market during the forecast period. The rising incidence of chronic ailment can sometimes result in organ failure, which is likely to boost the demand for such transplant diagnostics. Furthermore, the increasing adoption of stem cell therapy and personalized medicine is gaining prominence that is likely to bring a positive impact on the market in the review timeframe.


Opportunities


Rapid Development of Diagnostic Products in Emerging Countries to Offer Significant Opportunity for Expansion


The growing penetration of diagnostic products in emerging economies is expected to be a significant opportunity for market expansion.


Restraints


High Expenses Associated with PCR and NGS Instruments to Hinder the Market


The expenses associated with PCR and NGS devices are expected to be a significant factor that can impede the market growth during the forecast timeframe.


Challenges


The Gap between Organ Donation and Transplantation to Pose a Significant Challenge


The widening gap between organ donation and transplantation is expected to pose a significant challenge that can hinder the market growth during the assessment tenure.


Cumulative Growth Analysis


The market is anticipated to show significant growth during the forecast period owing to the growing incidence of chronic illness and increasing organ failure. The increasing demand for an efficient and non-invasive method of medical procedures are expected to play a salient role in expanding the global market. On the flip side, the market can be hindered by the high expenses associated with the PCR and NGS instruments.


Transplant Diagnostics Market Segmentation


By Product & Service


Based on the product & service segments, the global market for transplant diagnostics is segmented into reagents & consumables, instruments, and software & services. The reagents and consumables segment is projected to dominate the market during the forecast period.


By Application


Based on applications, the global market for transplant diagnostics is segmented into research applications, diagnostic applications, and others.


By End-Users


Based on end-users, the global market for transplant diagnostics is segmented into commercial service providers, the product comprises hospitals and transplant centers, research laboratories & academic institutes, and others. Among all, the hospitals and transplant centers segment is anticipated to dominate the market during the assessment period owing to the growing demand for diagnosis of infectious diseases.


Transplant Diagnostics Market Regional Analysis


North America to Acquire the Largest Market Share Owing to the Presence of Developed Healthcare System


As per the assessment by MRFR, the global market is projected to be dominated by North America owing to the presence of developed healthcare infrastructure. The efficient transplant technologies employed in the procedure is expected to be another cause that can augment the regional market during the forecast period. Among all, the U.S. is predicted to acquire the largest market share during the review period owing to the presence of skilled surgeons and the adoption of advanced diagnostic tools.


Europe to Witness Promising Growth during the Forecast Period


Europe is projected to witness promising growth during the forecast period owing to the expanding donor pool. The rising number of transplant procedures and the favorable governmental laws are expected to be other salient cause that can steer the regional industry during the projection period. Among all, the U.K. is predicted to be the leading market over the forecast timeframe.


APAC to Grow Significantly Due To Expanding Patient Pool


APAC is anticipated to grow at a significant CAGR during the review period owing to the expanding patient pool and the developing healthcare infrastructure. Besides, the participation of developing countries such as India and China are projected to be the most lucrative markets, which is another salient factor in strengthening the regional market during the forecast tenure. In addition, the increasing medical tourism destination in APAC, especially in the developing countries, is projected to drive the market significantly in the assessment tenure.


Latin America to Witness Steady Growth during the Review Period


Latin America is predicted to witness steady growth during the review period owing to the increasing acquisition of transplant diagnostic techniques and the rising organ transplantation procedures. Among all, Brazil is anticipated to make the most significant contribution in developing the regional market.


MEA to Acquire the Least Market Share during the Forecast Period


MEA to acquire the least market share during the assessment tenure with steady growth. The region is likely to lag owing to the absence of reimbursement policies and lack of awareness among the populace.  However, presence of untapped market opportunities in the region are expected to grow the regional market during the assessment tenure.


Competitive Landscape


Various new players are entering the market, and the established players are acquiring small companies to strengthen their position and expand their reach in the industry, which is anticipated to intensify the market significantly.


Key Players Covered in the Report



  • 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.)


Recent Development



  • December 2020- Thermo Fisher Scientific, the global leader in serving science, announced that it would increase its reach in North America and Europe for sterile drug product development and commercial manufacturing of critical medicines, therapies, and vaccines.


Segmentation Table


Transplant Diagnostics Market, By Product & Service



  • Instruments

  • Reagents & consumables

  • Software & services


Transplant Diagnostics Market, By Application



  • Diagnostic applications

  • Research applications


Transplant Diagnostics Market, By End-Users



  • Hospitals and transplant centers

  • Commercial service providers

  • Research laboratories & academic institutes



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.