Transplant Diagnostics Market Forecast (2024-2031)
The Transplant Diagnostics Market size is projected to reach US$ 1,967.06 million by 2031 from US$ 1,070.65 million in 2023. The market is expected to register a CAGR of 7.90% in 2023–2031. The rising number of organ transplantation procedures globally, such as liver, kidney, heart, and lung transplants, is anticipated to propel the demand for transplant diagnostics, in turn boosting the overall market growth. Additionally, the growing prevalence of organ failure and chronic diseases demanding transplantation procedures is likely to remain key transplant diagnostics market trends.
Transplant Diagnostics Market Analysis
Transplantation is one of the most preferred treatment for patients suffering from renal disease and undergoing chronic dialysis therapy. It is also a viable choice considered in patients who are suffering from heart, or liver disease. Diagnostics across the world have improved significantly as companies have been developing better HLA typing technologies, antibody monitoring, instruments, and software. This technology is being used for diagnostics during organ transplantation. Advancement in transplant procedures offers a significant opportunity for market growth.
Transplant Diagnostics Market Overview
North America is the largest market for transplant diagnostics market growth with the US holding the largest market share followed by Canada. The growth in North America is characterized by the increasing number of organ transplants and, rising prevalence of organ failure in this region. According to data published in United Network for Organ Sharing.org, it is estimated that approximately 46,630 transplant procedures were carried out in the year 2023 in US. Similarly, according to donatelife.net in 2022, the US reached a historic milestone, accomplishing around 1 million organ transplants compared to any other country in the world. In 2023, more than 23,000 donors brought new life to recipients and their families. Moreover, approximately 100,000 people are on the waiting list for life-saving organ transplants. Thus, the rising number of organ transplants in the country is likely to drive market growth in the coming years.
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Transplant Diagnostics Market: Strategic Insights
Market Size Value in US$ 789.88 Million in 2018 Market Size Value by US$ 1,542.89 Million by 2027 Growth rate CAGR of 7.9% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Transplant Diagnostics Market: Strategic Insights
| Market Size Value in | US$ 789.88 Million in 2018 |
| Market Size Value by | US$ 1,542.89 Million by 2027 |
| Growth rate | CAGR of 7.9% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Transplant Diagnostics Market Drivers and Opportunities
Rising Incidence of Chronic Ailments Requiring Organ Transplant Procedures Favors the Market
The rising need for organ transplants is supplemented by the escalating prevalence of chronic illnesses such as diabetes and kidney disease, which is further propelling the market for transplant diagnostics. For instance, according to the data published by the University of California San Francisco, around 750,000 patients in the United States and an estimated 2 million patients globally are affected by kidney failure every year. Hence, with these organ failures, the need for donor kidneys in the US is also rising at 8% per year. Countries such as Japan, Taiwan, Mexico, the US, and Belgium hold the highest prevalence of kidney failure.
Integration of AI and Machine Learning– An Opportunity in the Transplant Diagnostics Market
A combination of artificial intelligence (AI) and machine learning algorithms has shown promising results in the transplant diagnostics market and can improve patient outcomes, speed up data analysis, and increase diagnostic accuracy which can result in market expansion. The demand for transplantation has been heightened due to various key factors, such as an aging population, the rising prevalence of chronic diseases, and advancements in medical devices that enable a wider range of patients to be eligible for transplantation.
Transplant Diagnostics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Transplant Diagnostics Market analysis are product and services, type, technology, and end users.
- Based on Products and Services, the Transplant Diagnostics market is segmented into Instruments, Reagents & Consumables, and Software & Services. Instruments, Reagents & Consumables, and Software & Services. The reagents and consumables held the largest share of the market in 2023. Software & Services witnessed the highest CAGR over the forecast period 2023-2031.
- By Type, the market is segmented into solid organ transplantation, Soft Tissue Transplantation, and Stem Cell Transplantation. The solid organ transplantation segment held the largest share of the market in 2023.
- By Technology, the market is segmented into Molecular Assays and Non-Molecular Assay. The molecular assay segment is expected to register the highest CAGR over the forecast period.
- By End User, the market is segmented into Hospitals & Transplant Centers, Research Laboratories & Academic Institutes, and Independent Reference Laboratories. The hospital and transplant centers segment held the largest share of the market in 2023.
Transplant Diagnostics Market Share Analysis by Geography
The geographic scope of the Transplant Diagnostics Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the Transplant Diagnostics Market. The market growth can be attributed to an increasing prevalence of organ failure and a rising number of organ donation along with organ transplant procedures is fueling the regional market growth. For instance, according to the data published by the Association of Organ Procurement Organizations (AOPO), a nonprofit organization in US states that in January 2021, more than 12,500 people donated one or more organs in 2020, and the number of organs donated from deceased donors increased to over 36,500 which is almost a 2% increase year over year. Moreover, organs from the dead have saved more than 33,000 lives in the past seven years.
Hence, rise in organ donation creates the need for increased transplant diagnostic testing and thus drives the growth of the market.
Transplant Diagnostics Market Report Scope
Transplant Diagnostics Market News and Recent Developments
The Transplant Diagnostics Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the Transplant Diagnostics market:
- Thermo Fisher Scientific added two new products to its transplant diagnostics portfolio during the American Society for Histocompatibility and Immunogenetics (ASHI) annual conference. (Source: Thermo Fisher Scientific, Press Release/Company Website/Newsletter, October 2023)
- Immucor, Inc., a company focused on transfusion and transplantation diagnostics, announced two additions to its transplant diagnostics portfolio, demonstrating its ongoing commitment to new advancements in the field of histocompatibility. (Source: Immucor, Press Release/Company Website/Newsletter, March 2022)
- Biocartis and Ophiomics entered into a collaboration to focus on the commercialization of HepatoPredict, a prognostic gene expression signature test to identify which patients will benefit from liver transplantation (Source: Biocartis, Press Release/Company Website/Newsletter, March 2022)
Transplant Diagnostics Market Report Coverage and Deliverables
The “Transplant Diagnostics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product & Services , Type , Technology , Application , End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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