The transplant diagnostics market is projected to be worth USD 4.5 billion in 2024. The market is anticipated to reach USD 8.5 billion by 2034. The market is further expected to surge at a CAGR of 6.5% during the forecast period 2024 to 2034.
Key Market Trends and Highlights
The rising number of organ transplantation procedures, including kidney, liver, heart, and lung transplants, is expected to drive the demand for transplant diagnostics. The growing prevalence of organ failure and chronic diseases requiring transplantation has been a major factor.
Attributes | Key Insights |
---|---|
Transplant Diagnostics Market Estimated Size in 2024 | USD 4.5 billion |
Projected Market Value in 2034 | USD 8.5 billion |
Value-based CAGR from 2024 to 2034 | 6.5% |
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The scope for transplant diagnostics rose at an 8.1% CAGR between 2019 and 2023. The global market for transplant diagnostics is anticipated to grow at a moderate CAGR of 6.5% from 2024 to 2034.
The market experienced steady growth during the historical period from 2019 to 2023. The rising prevalence of organ failure and chronic diseases driving the demand for organ transplantation procedures is a significant growth driver.
Looking ahead to the forecast period from 2024 to 2034, the market is expected to witness significant growth. The increasing acceptance and prevalence of living donor transplants contribute to the demand for more compatibility that is sophisticated testing.
Supportive government policies and initiatives to increase organ donation and transplantation have a positive impact on the transplant diagnostics market. Efforts to streamline organ allocation systems and promote awareness about organ donation contribute to market growth.
The persistent shortage of available organs for transplantation remains a significant challenge. The demand for organs often exceeds the supply, leading to a critical imbalance and limiting the number of transplant procedures that can be performed.
The below table showcases revenues in terms of the top five countries, spearheaded by Korea and Japan. The countries are expected to lead the market through 2034.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 6.8% |
China | 6.9% |
The United Kingdom | 7.2% |
Japan | 7.4% |
Korea | 8.0% |
The transplant diagnostics market in the United States expected to expand at a CAGR of 6.8% through 2034. The rising incidence of chronic diseases such as diabetes, kidney disorders, and cardiovascular diseases contributes to the demand for organ transplants, subsequently driving the need for transplant diagnostics.
The transplant diagnostics market in the United Kingdom is anticipated to expand at a CAGR of 7.2% through 2034. Supportive government policies, funding for research, and initiatives by the National Health Service to enhance organ donation and transplantation outcomes positively impact the transplant diagnostics market.
Transplant diagnostics trends in China are taking a turn for the better. A 6.9% CAGR is forecast for the country from 2024 to 2034. Improved awareness among healthcare professionals and the public about the importance of transplant diagnostics in ensuring successful transplantation procedures can drive demand for these services.
The transplant diagnostics market in Japan is poised to expand at a CAGR of 7.4% through 2034. The prevalence of autoimmune diseases leading to the need for organ transplants, such as lupus and rheumatoid arthritis, contributes to the demand for transplant diagnostics in Japan.
The transplant diagnostics market in Korea is anticipated to expand at a CAGR of 8.0% through 2034. The increasing emphasis on personalized medicine in the country extends to transplant diagnostics, with a focus on tailoring diagnostic approaches to individual patient profiles.
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The below table highlights how instruments segment is projected to lead the market in terms of product and service, and is expected to account for a CAGR of 6.3% through 2034. Based on screening type, the pre transplant segment is expected to account for a CAGR of 6.1% through 2034.
Category | CAGR through 2034 |
---|---|
Instruments | 6.3% |
Pre Transplant | 6.1% |
Based on product and service, the instruments segment is expected to continue dominating the transplant diagnostics market. There is a growing need for high throughput screening instruments that can handle a large volume of samples efficiently, as the demand for transplant diagnostics continues to rise, which is particularly important in the context of organ transplantation, where timely and accurate results are critical.
In terms of screening type, the pre transplant segment is expected to continue dominating the transplant diagnostics market. The growing prevalence of organ failure and chronic diseases necessitating organ transplantation contributes directly to the demand for pre transplant screening. The need for comprehensive pre transplant diagnostics increases, as the number of transplant procedures rises.
The transplant diagnostics market is characterized by a dynamic and competitive landscape, driven by the increasing demand for accurate and advanced diagnostic solutions in the field of organ and tissue transplantation. Key players in the market are engaged in strategic initiatives, research and development, and collaborations to gain a competitive edge.
Recent Development
Attribute | Details |
---|---|
Estimated Market Size in 2024 | USD 4.5 billion |
Projected Market Valuation in 2034 | USD 8.5 billion |
Value-based CAGR 2024 to 2034 | 6.5% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
Key Market Segments Covered | Product and Service, Screening Type, Organ Type, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | Becton Dickinson and Company; Bio-Rad Laboratories Inc.; Illumina Inc.; Immucor Transplant Diagnostics Inc.; Thermo Fisher Scientific Inc.; CareDx; Affymetrix Inc.; Linkage Biosciences; Abbott Laboratories Inc.; BioMérieux S.A.; QIAGEN NV |
The transplant diagnostics market is projected to reach a valuation of USD 4.5 billion in 2024.
The transplant diagnostics industry is set to expand by a CAGR of 6.5% through 2034.
The transplant diagnostics market is forecast to reach USD 8.5 billion by 2034.
Korea is expected to be the top performing market, exhibiting a CAGR of 8.0% through 2034.
Instruments segment is preferred, and is expected to account for a CAGR of 6.3% through 2034.
Expected Base Year Value (2023) | USD 1,409.8 million |
---|---|
Anticipated Forecast Value (2033) | USD 2,653.4 million |
Estimated CAGR (2023 to 2033) | 6.5% |
Market CAGR (2023 to 2033) | 3.4% |
---|---|
Market Size (2023) | USD 10.65 billion |
Market Size (2033) | USD 14.86 billion |
Expected Market Value in 2023 | USD 5.2 Billion |
---|---|
Projected Market Value in 2033 | USD 8.2 Billion |
Growth Rate (2023 to 2033) | CAGR of 4.6% |
Market Value 2023 | USD 5.8 Billion |
---|---|
Market Value 2033 | USD 9.1 Billion |
CAGR (2023 to 2033) | 4.2% |
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