Press Release
Press Release
The rising prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and kidney diseases, which can lead to organ failure, is estimated to bolster the transplant diagnostics market size in the forecast period. The global increase in these health conditions drives the need for effective diagnostic solutions to facilitate successful transplantation outcomes.
The world is experiencing a significant increase in the elderly population, who are more susceptible to conditions requiring organ transplants. This demographic shift increases the demand for transplant diagnostics to support the growing number of transplantation procedures among the elderly. The market report covers multiple factors driving market growth. It analyses opportunities and challenges impacting the market, while providing insights to the competitive landscape for market leaders.
Mergers and acquisitions amongst healthcare industry pioneers is a major transplant diagnostics market trend. Increasing public awareness about organ donation and transplantation, driven by educational campaigns and non-profit organizations, has led to a higher willingness among individuals to donate organs. This cultural shift positively impacts the number of organ transplants performed and, by extension, the demand for transplant diagnostics.
In April 2023, CareDx, Inc., and Miromatrix Medical Inc. unveiled an exclusive collaboration designed to propel the next frontier of innovation with fully transplantable bioengineered human organs. Under this partnership, CareDx is set to create a cutting-edge testing solution specifically for Miromatrix's use in pre-clinical animal studies. Moreover, CareDx will become the sole provider of donor-derived cell-free DNA (dd-cfDNA) testing services. These services will play a crucial role in the non-invasive monitoring of acute allograft rejection during human clinical trials of Miromatrix’s bioengineered human organ products.
Innovations in molecular diagnostics, such as next-generation sequencing (NGS) and polymerase chain reaction (PCR) technologies, have dramatically improved the accuracy, speed, and affordability of transplant diagnostics. These advancements enable more precise matching of donors and recipients, reduce the risk of transplant rejection, and increase the overall success rates of transplantation procedures.
Stringent regulatory policies regarding organ transplantation and diagnostic procedures ensure the safety, efficacy, and quality of transplant diagnostics. Furthermore, government initiatives and funding in healthcare infrastructure and research significantly contribute to the development and adoption of advanced diagnostic technologies.
The globalization of healthcare services, including the cross-border exchange of medical services and collaboration in research and development, has facilitated the spread of advanced diagnostic technologies across countries. This trend enables broader access to transplant diagnostic solutions, thereby increasing their demand globally.
The level of healthcare expenditure and the extent of insurance coverage for transplant procedures and associated diagnostics can significantly influence market demand. Regions with higher healthcare spending and comprehensive insurance policies that cover transplant diagnostics tend to exhibit stronger demand.
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The major players in the global transplant diagnostics market are Bio-Rad Laboratories Inc., Abbott Laboratories, Becton, Dickinson and Company, Biomérieux SA, CareDx, F Hoffman-La Roche AG, Hologic Inc., Illumina Inc., Qiagen NV, Thermo Fisher Scientific Inc., Immucor, Inc., Omixon Ltd., GenDx, and BioGenuix among others. The comprehensive report by EMR investigates the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Unit | USD Billion |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Customization Scope | 10% Free Customization |
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Report Price and Purchase Option | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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