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Transplant Diagnostics Market Worth $645.0 Million by 2019 Reports MarketsandMarkets - The emerging markets including China, India, Brazil, and Mexico have become attractive destinations for companies engaged in the development and distribution of transplant diagnostic products - MarketsAndMarkets.com
Transplant Diagnostics Market Worth $645.0 Million by 2019 Reports MarketsandMarkets

 

NewswireToday - /newswire/ - Wilmington, DE, United States, 2015/04/10 - The emerging markets including China, India, Brazil, and Mexico have become attractive destinations for companies engaged in the development and distribution of transplant diagnostic products - MarketsAndMarkets.com.

   
 
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The report “Transplant Diagnostics Market by Technology (Serological, SSO- & SSP-PCR, Sanger Sequencing, NGS), Product (Instrument, Reagent, Software), End User (Hospitals, Transplant Centers, Academia), Application (Diagnostic, Research) - Global Forecasts to 2019”, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).

The global transplant diagnostics market is poised to grow at a CAGR of 6.5% during 2014-2019, and is expected to reach a value of $645.0 Million in 2019

The global transplant diagnostics market is further classified into three end user segments, namely hospitals and transplant centers, research laboratories and academic institutes, and commercial service providers. Additionally, the global transplant diagnostics market is segmented based on applications into diagnostic applications and research applications.

A number of factors such as growing geriatric population, coupled with an increasing population base for chronic disease patients, technological advancement in the field of HLA typing, increased public-private investments to develop innovative HLA testing products, rising number of solid organ, soft tissue, and stem cell-based transplantation procedures across the world, and growth in robot-assisted laboratory automation of diagnostic procedures are fuelling the growth of the global transplant diagnostics market. On the other hand, high cost of PCR and NGS instruments and limited medical reimbursements available for transplantation procedure across the globe are some of the key factors hampering the market growth.

As of 2014, North America holds the largest share of the transplant diagnostics market, followed by Europe. However, the Asia-Pacific market is expected to grow at highest CAGR during 2014 to 2019. A number of factors such as increasing focus of global life science companies in emerging markets, growing public and private support to develop novel HLA typing technologies, and strengthening healthcare infrastructure across the APAC are stimulating the growth of the transplant diagnostics market in the Asia-Pacific region.

Abbott Laboratories Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), F. Hoffmann-La Roche, Ltd. (Switzerland), Illumina, Inc. (U.S.), Immucor, Inc. (U.S.), Linkage Biosciences (U.S.), Olerup Ssp Ab (Norway), Qiagen N.V. (Netherlands), Sigma-Aldrich (U.S.), and Thermo Fisher Scientific Inc. (U.S.) are the major players in the global transplant diagnostics market.

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Transplant Diagnostics Market Worth $645.0 Million by 2019 Reports MarketsandMarkets

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