Pune, India -- (SBWIRE) -- 12/12/2019 -- Global Transplant Diagnostics Market Information, Product & Service (Instruments, Reagents & Consumables), Screening Type (Pre-Transplant, Post-Transplant), Organ Type (Kidney, Liver, Heart, Lung, Pancreas), Application Type, End-User – Forecast to 2023

Transplant diagnostics market in the Americas to thrive as organ transplant industry expands

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Organ transplantation is one of the only means of saving a patient suffering from end state organ failure. Many lifesaving organ transplantations include, heart, lung and kidney transplants. However, for the transplantation process to succeed, pre and post-operative diagnosis is very important, a factor that has been adding impetus to transplant diagnostics market. Kidney transplantation is one of the most frequent transplant procedures for ensuring better quality of life. But kidney transplant can often fail due to transplant rejection. To ascertain transplant rejection and for timely intervention as well, transplant diagnosis is crucial. Transplant diagnostics market size is expected to surpass USD 2,074.65 million by 2023. Registering a CAGR of 7.80% over 2018–2023.

Segmentation:
Transplant diagnostics market has been segmented on the basis of organ type, screening type, product and service, application, and end-users.

By organ type transplant diagnostics market is classified into liver, kidney, lung, heart, pancreas, and others. In 2017, kidney segment was valued at more than USD 896.02 million and is estimated to have held the largest market share. Factors that are driving the growth of the segment include technological advancement leading to increasing incidence of kidney transplant, greater number of organ rejection etc.
By screening type, the transplant diagnostics market segmentation includes pre-transplant screening and post-transplant screening. Pre-transplant screening is important to ascertain the accuracy of the transplant and therefore the pre-transplant screening segment is expected to grow having been valued at more than USD 819.04 million in 2017.

By product and service, transplant diagnostics market has been classified as reagents & consumables, instruments, and software and services. At present reagents & consumables segment holds the largest share in the market and is anticipated to dominate the market throughout the forecast period.
On the basis of application type, transplant diagnostics market segmentation includes research applications, diagnostic applications, and others. The largest share in the market in 2017 has been held by research applications segment and by present trends, the segment is anticipated to continue holding a dominant position in the market. Need for diagnostics in pre and post-transplant procedure for research application has been increasing.

Transplant diagnostics market segmentation on the basis of end-user includes hospitals and transplant centers, commercial service providers, research laboratories & academic institutes and others. In 2017, hospitals and transplant centers segment was valued at more than USD 544.77 million leading the market, a trend that is expected to continue over 2018-2023. This is due to the fact that transplant diagnostics and surgical procedures are mostly conducted in hospitals and transplant centers.

Regional Analysis:
Geographically transplant diagnostics market is segmented as Americas, Europe, Asia-Pacific, and the Middle East & Africa.

Transplant diagnostics market of the Americas is expected to hold the largest share over the coming years facilitated by the established healthcare industry and advancement in healthcare technologies that have aided in increased cases of organ transplants. Moreover, diagnostic medical device industry is one of the largest sectors in the U.S. in turn contributing to the expansion of transplant diagnostics market.
Europe transplant diagnostics market has been expanding at a considerable rate due to advancements in the field of human leukocyte antigen (HLA) typing as well as increasing use of robot-assisted laboratory automation of diagnostic procedures. Public-private investment in the healthcare sector will also help augment transplant diagnostics market growth in the region.

Asia Pacific transplant diagnostics market will expand considerably over the coming years as healthcare infrastructure in the region continues to improve and there is a growing demand for procedures like kidney and liver transplants. Diseases like renal failure, liver cirrhosis etc. and the massive geriatric population of the region that suffer from such disorders have created potent conditions for the market's growth in Asia Pacific.

Middle East and Africa transplant diagnostics market expansion will be augmented by improving healthcare infrastructure and gradual reduction in cost of gene sequencing. As international transplant diagnostics market players strive to expand their footprint in the region, the competition in the region will increase thus driving market growth.

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Competitive Dashboard:
The key players in the global transplant diagnostic market are Thermo Fisher Scientific Inc., Becton Dickinson and Company, Bio-Rad Laboratories Inc., F. Hoffmann La Roche Ltd., QIAGEN N.V., Illumina, Inc., BioMérieux S.A., and others.

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