• Stacy Lawlor

Global Transplant Diagnostic Market Size to grow USD 6.5 billion by 2028

The Global Transplant Diagnostic Market Size was valued at USD 4.4 billion in 2021. The market is projected to grow USD 6.5 billion in 2028 at a CAGR of 5.73%.

The growing adoption of diagnostics transplants is mainly due to patients undergoing chronic dialysis therapy and end-stage renal diseases. Moreover, the transplant diagnostics method is generally considered in cases allied with the liver, bone marrow, and heart.

Global Transplant Diagnostic Market Size
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The rising cases of organ transplant procedures, rising incidence of chronic diseases, technological advancements, and increased research and development activities are projected to drive the transplant diagnostic market.

COVID-19 pandemic had a severe impact on the transplant diagnostic industry. The virus spread has hampered the market growth owing to nationwide lockdowns, travel restrictions, physical distancing protocols, and other norms. The pandemic has strongly affected the growth of the transplantation process, which has severely affected its market value amidst of pandemic.

The rise in the per capita income of the global population has resulted in growing healthcare expenditure. Hence, it is acting as fuel for the rising market sales. Additionally, increased funding for advanced technology and new product launches are providing opportunities for growth.

The spread of chronic diseases across the global population is expected to drive transplant diagnostic market growth. This is due to the growing occurrence of chronic illnesses which leads to organ failures. Hence, this is expected to rise the demand for organ transplants.

Moreover, the growing adoption of customized drugs and stem cell therapy is gaining a good reputation in the market which is boosting the demand for transplants. Also, the rising social acceptance of transplant surgeries and its associated benefits are gaining growth across the globe.

Also, the geriatric population is a major concern across the globe, which is anticipated to grow 1.4 billion by 2030. This burden of the elderly population is promoting the growth of the market. This is because, transplant diagnostics procedures are mainly required for people above the age of 60, due to the presence of chronic diseases. Therefore, the major patient pool for transplants is concentrated in this age group, which is expected to boost the market.

North American countries, such as the Canada and United States, are well-equipped with well-funded infrastructure, organizations, and government participation in growing awareness to promote organ transplantation for patients. There are various awareness and initiative programs conducted by industries, such as Roche collaborating with several organizations, and hospitals, to increase the rate of organ donors.

Global Transplant Diagnostic Market Size
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Moreover, these companies are advanced in marketing new products for faster diagnostics, which are well accepted by the governments and private organizations of Canada and the United States.

The transplant diagnostics market in Europe is the second-largest market wherein France, the UK, Spain, Germany, and Italy are the major revenue contributors to the market.

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