Industry Background:
Growing number of patients suffering from chronic diseases frequently leading to organ failure will help to boost global transplant diagnosis market. Transplantation diagnosis is a surgical process that contains the replacement of damaged or failed cell, tissue, or organ from same individual or different individual of same or different species. The transplantation diagnostics market is booming due to the increasing patient base for chronic disease all over the world, rising elderly population, and the growing number of organ transplantation diagnosis processes. The transplant diagnosis market in emerging countries is estimated to grow during the forecast period due the growing healthcare awareness and the increasing healthcare spending.
According to AMA, the market for Transplant Diagnostics is expected to register a CAGR of 7.9% during the forecast period to 2026. This growth is primarily driven by Growing Instances of Organ Failures with Escalating Chronic Failures and Increasing Demand for Pre Transplantation Diagnostics.
Globally, a noticeable market trend is evident Introduction to Personalized Medicines as well as Adoption of Stem Cell Therapy
. The Health Care Technology sector in the North America` region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thermo Fisher Scientific Inc. (United States), Bio-Rad Laboratories Inc. (United States), F. Hoffmann-La Roche Ltd (Switzerland), Qiagen N.V. (Germany), Immucor Inc. (United States), Biomerieux SA (France), Illumina Inc. (United States), Becton Dickinson and Company (United States), Caredx Inc. (United States) and Genome Diagnostics B.V. (Gendx) (Netherlands) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
At NHS Blood and Transplant held on 5 August 2018, Interim Director of Organ Donation and Transplantation, Anthony Clarkson has said that the decision on organ transplant legislation in the United Kingdom was a matter for Parliament and any changes in the regulations can only take place if the parliament agrees to them. Under the proposed system, the person should either be a donor or he/she should make it clear that they don’t want to donate. According to him, more than 411 people are dead over the last couple of years due to the shortage of donors. Thus, has concluded that the UK government will always favor the organ donor to minimize the demand-supply gap.
Regulatory Insights:
The European Action Plan on Organ Donation and Transplantation (2009-2015) has Strengthened Cooperation between Member States Search for available translations and assists European countries in enhancing transplant systems, addressing the shortage of organs and improving the quality and safety of transplant products. It has set a common direction for European countries to strengthen their national transplant activities and served as the basis for many EU-funded actions. Over the six year period (2009-2015), European countries has increased additional transplants by 4,600 per year.
Market Drivers
- Growing Instances of Organ Failures with Escalating Chronic Failures
- Increasing Demand for Pre Transplantation Diagnostics
Market Trend
- Introduction to Personalized Medicines as well as Adoption of Stem Cell Therapy
- Growing Adoption of Next Generation Sequencing Technology
Restraints
- Complexities and Risks Associated with Organ Transplantation
- Comparatively Expensive Transplant Diagnostics Services
Opportunities
Rising Awareness about Technologically Advanced Transplantation Diagnostics and Increasing Number of Organ Donors across the Globe
Challenges
Instability in Demand for Required Transplantable Organs and Organ Donors and Complex Donor and Recipient Screening
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Transplant Diagnostics Study Sheds Light on
The Transplant Diagnostics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Transplant Diagnostics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Transplant Diagnostics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.