Transplant Diagnostics Market to Receive Overwhelming Hike in Revenue That Will Boost Overall Industry Growth

Based on transplant type, the transplant diagnostics market is segmented into solid organ transplantation, stem cell transplantation, soft tissue transplantation, and bone marrow transplantation. The solid organ transplantation segment holds the largest market share. Kidney transplantation is among the most common types of transplant surgery around the world. Although there is a huge demand and supply gap for solid organs, the prevalence of kidney failure is increasing at a high rate, which is propelling the growth of solid organ transplantation.

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The serological assay technology is the most preferred, which accounted for about half of the market share globally, in 2018. The reagents & consumables segment is projected to remain dominant throughout the forecast period. North America held the leading market position in 2015, and is expected to maintain this trend.

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With rise in number of kidney transplants, the segment is set to report a high revenue in the future, with a CAGR of 9.8%, owing to increased incidence of renal failure worldwide. Liver and heart transplants are estimated to report a strong growth rate during the forecast duration, due to increased awareness for organ donations and increase in incidence of liver and heart failure.

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North America accounted for a major market share, with maximum revenue contribution from the U.S., due to large number of transplant procedures of kidney, liver, lung, heart, and pancreas. Adoption of latest technology and increase in awareness regrading organ transplantation in the U.S. have boosted the North American transplant diagnostics market. The Asia-Pacific region offers lucrative opportunities for transplant diagnostics market players to expand their market presence. This region has the highest geriatric population, and the scenario is estimated to continue; further felling market growth for transplant diagnostics.

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