New York City, NY, 10 February, 2020/ 24 Market Reports: It is estimated for transplant diagnostics market to grow from USD 3.9 billion in 2019 and reach that of USD 5.3 billion by 2025 witnessing the growth at a CAGR of 7.4% during the forecast period of 2019 to 2025. Increasing public-private funding for target research activities, the growing burden of infectious diseases, the increasing number of transplant procedures, and technological advancements in the field of transplant diagnostics are the factors that are driving the growth of the transplant diagnostics market during the forecast period.
Molecular assay technologies segment to grow with the highest share in the transplant diagnostics market
Molecular and non-molecular assay technologies are the segmentation for the market based on technology. During the forecast period, it is estimated for the molecular assay technologies segment to grow with the highest share in the market. Low turnaround time, high procedural efficacy, the study of multiple samples and real-time sample analysis are the benefits offered by the molecular assay segment that is driving the growth of the market during the forecast period.
Independent reference laboratories segment to hold the highest share in the market during the forecast period
Independent reference laboratories, hospitals & transplant centres, and research laboratories & academic institutes are the segmentation for the market based on end-user. In the year 2019, the independent reference laboratories segment accounted for the highest share in the market and the trend is estimated to continue throughout the forecast period. The rapid modernization and automation of diagnostic laboratories, growing number of research & development activities outsourced by pharmaceutical & biotechnology companies to independent reference laboratories, and the growing number of organ transplantation procedures are the factors that are driving the growth of the segment during the forecast period.
North American region to dominate the transplant diagnostics market during the forecast period
During the forecast period, it is estimated for the North American region to dominate the transplant diagnostics market. Factors such as the presence of a highly developed healthcare system, high adoption of innovative transplant diagnostic technologies among medical professionals, the large volume of organ transplantation procedures performed in the region, and technological advancements in the field of transplant diagnostics are dominating the growth of the market in the region during the forecast period.
The following are the major objectives of the study:
- To define, describe, and forecast the transplant diagnostics market on the basis of product, application and region.
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
- To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
- To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the transplant diagnostics market.
Critical Questions which the report answers:
- What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
- What are the key revenue generating pockets for transplant diagnostics market and their future potential during next decade?
- How competitive landscape is evolving in transplant diagnostics market?
