HLA Typing for Transplant Market Share, Segmentation, Report 2024

• As per the medical report "HLA Typing For Transplant Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Growth Potential, Competitive Market Growth & Forecast, 2017 – 2024", by Global Market Insights, Inc., says HLA Typing for Transplant Market size is forecast to witness considerable growth from 2017 to 2024.

Increasing number of solid organ, stem cells and soft tissue transplantations will drive market growth during the forecast period. According to NKF, about 121,678 individuals await lifesaving organ transplants out of which about 100, 791 require kidney transplants. Increased incidence of vital organ failure, growing public awareness pertaining to organ transplant and increasing success rate of post-transplant outcomes will boost transplantation demand. Moreover, favorable legislations such as the Organ Transplant Act which came into effect in 2008 in Israel and organ donation trend should further propel transplantation procedures.

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Technological advancements will aid HLA typing for transplant market expansion. Advancements in sequencing technologies have resulted in transition in HLA typing from serological assays to gene based profiling. Next Generation Sequencing (NGS) methods allow large scale high resolution HLA typing and faster speeds and reduced costs.

Increasing public and private investments, funds and grants will further boost HLA typing for transplant market growth. However, presence of significant gap between number of organs donated and required per year and limited reimbursement for organ donation and transplantation procedures will restrain market growth to some extent.

Products for HLA typing for transplant encompass reagents and consumables, instruments and software. Reagents and consumables accounted for the largest share of HLA typing for transplant market in 2015. Increasing number of organ transplant procedures across the globe along with expanding application of molecular assay techniques in HLA typing will increase demand for reagents and consumables. Instruments held the second largest share.

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Applications of HLA typing for transplant include diagnostics and research. Diagnostics held majority market share in 2015 and is anticipated to be the fastest growing segment. Increasing number of organ transplantations in hospitals and transplant centers will drive segment growth. Increasing adoption of HLA profiling along with PCR and other sequencing devices across healthcare organizations will boost growth.

End users of HLA typing for transplant include hospitals, transplant centers, academic and research institutes and commercial service providers. Hospitals and transplant centers segment accounted for the largest market share in 2015 and is expected to follow a similar trend during the forecast timeframe.

U.S. dominated the HLA typing for transplant market in 2015 and accounted for the largest market share. It is expected to follow a similar trend and grow at the highest CAGR over the forecast timeframe. Increasing geriatric population coupled with growing prevalence of target diseases such as heart failure and renal diseases will propel market growth. Presence of advanced healthcare infrastructure along with high adoption rate of advanced diagnostic technologies based on PCR and next generation technologies and continuous advancements in the field of HLA based transplant diagnostics will augment market growth.

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Europe held second largest market share in 2015. Increasing geriatric population and rising incidence of chronic diseases leading to organ failures have resulted in increasing number of organ transplants annually. It is estimated that organ transplantation in European Union increased by about 20% between 2004 and 2013. Presence of large number of biotechnology and molecular diagnostic companies in the region along with increasing acceptance of genomic diagnostic techniques by healthcare professionals will further boost growth.

India and China are anticipated to be lucrative markets for HLA typing and transplant during the forecast timeframe. Presence of large pool of individuals requiring organ transplants will serve to be a high impact rendering factor. Rapid economic development in these countries and rising awareness regarding organ transplant and diagnostic technologies will boost growth. Improvement in infrastructure of healthcare organizations coupled with growing investment in research and development pertaining to genomics and proteomics will further propel regional market growth.

Major industry players include Thermo Fischer Scientific, Immucor, Olerup, Qiagen, Bio-Rad Laboratories, Illumina, F. Hoffmann-La Roche, Abbot Laboratories and Luminex.

The industry players resort to various strategic initiatives such as collaborations, mergers, acquisitions, geographical expansion and new product development to strengthen their market position and enhance their portfolio.

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https://www.gminsights.com/industry-analysis/digital-genome-market

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