Increasing Demand for Organ Transplantation and Funding for R&D of Next-Generation Sequencing Assays to Augment Growth of Transplant Diagnostics Market

 

Transplant Diagnostics Market

One of the primary reasons for the growth and success of the field of transplant diagnostics is due to the developments and improvements in the various technologies used by these assays. The advent of molecular assays and DNA probes has resulted in the development of more sensitive and powerful techniques for analyzing and evaluating tissue samples from patients. In particular, the use of polymerase chain reactions and enzyme-linked immunosorbent assays (ELISA, EIA) has provided doctors with more information about the organ systems in which they are evaluating tissues. Molecular assays have also enabled scientists to examine living organs under the microscope and to test for pathogenicity and virulence factors of different pathogens.

Market Dynamics

Increasing demand for organ transplantation is expected to propel growth of the transplant diagnostics market. For instance, according to the U.S. Government Information on Organ Donation and Transplantation, over 112,000 patients are on the national transplant waiting list as of March 2020.

Increasing funding for R&D of next-generation sequencing assay for monitoring graft status is expected to offer lucrative growth opportunities for players in the transplant diagnostics market. For instance, in January 2021, Devyser Diagnostics received a US$ 909,000 grant through the Eurostars-2 program to develop a next-generation sequencing assay for monitoring graft status and early detection of rejection in kidney transplant recipients.

High cost of organ transplant is expected to hinder growth of the transplant diagnostics market. For instance, according to American Heart Association 2019 Heart Disease and Stroke Statistics, mean hospital charge for heart transplant in the U.S. was US$ 808,770.

Among regions, North America is expected to witness significant growth in the transplant diagnostics market, owing to increasing number of organ transplant. For instance, according to the Organ Procurement and Transplantation Network (OPTN)/ The Scientific Registry of Transplant Recipients (SRTR), in 2015, 2016, and 2019, the U.S. recorded over 30,000 transplants per year.

Competitive Analysis 

Major players operating in the transplant diagnostics market include, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Qiagen N.V., F. Hoffman-La Roche Ltd., Immucor, Inc., Becton Dickinson and Company, bioMérieux S.A., Illumina, Inc., Verici Dx, CareDx, Inc., and GenDx.

Major players operating in the transplant diagnostics market are focused on adopting various strategies to enhance their market share. For instance, in January 2021, Verici Dx expanded the scope of its license agreement with the Icahn School of Medicine at Mount Sinai Health System, a New York City-based academic medical system, to include an additional patent filing. 

Comments

Post a Comment

Popular posts from this blog

Bourbon Whiskey Is the Most Popular Whiskey in America and In Many Other Countries around the World

Image
  Whiskey or single malt whiskey is simply a form of distilled beverage made by distilling alcohol from grain mash or even by blending both. Different grains are utilized for different types, such as corn, barley, rye, and wheat. In Scotland, they call their whiskey black tea, a lighter caramel scotch, Irish cream, and liqueur. Whichever form is utilized, the result is usually a flavorful and smooth drink that has a distinct taste, and many people prefer a whiskey with a lower alcohol content. For example, single malt whiskey is the least expensive. The highest price however is the least distilled; that is Bourbon whiskey. Bourbon whiskey is the most popular whiskey in America and in many other countries around the world. Its price range is very wide, starting from as low as about US$ 12 a bottle to over a hundred dollars. So the price definitely varies. Whichever class you belong to, there is always a whiskey that will suit your preference. Single malt scotch whiskey is made ...
Read more

Viral Vectors And Plasmid DNA Manufacturing Market Is Gaining Major Traction With Oxford Biomedica Plc Entering Into A 3-Year Agreement With Boehringer Ingelheim For The Manufacture And Supply Of Various Types Of Viral Vectors

Image
  Viral Vectors are proteins that have been discovered to be essential for the spread of various viruses and infectious agents. These proteins can cause serious health risks if they are improperly introduced or if a wrong agent is used to fight them off. Viral vectors have often been used in various gene therapy procedures with the ultimate objective of curing various ailments in the biological fields of neurology, gene therapy, cancer, and metabolic disorder. Clinical studies regarding viral vectors remain one of the key factors in the manufacturing of viral vectors. Plasmids are used to deliver DNA contain genes for antibiotic resistance. In fact, scientists have developed many uses of plasmids and created software to record the DNA sequences of plasmids for applications in various techniques. Thus, such continuous R&D activities can potentially stimulate growth of the viral vectors and plasmid DNA manufacturing market . Recently, in April 2021, Oxford Biomedica plc entered...
Read more

Hard Surface Flooring Market Is Expected To Witness Robust Growth As Mohawk Industries Introduces Newly Imagined 30,000-Square Foot Floor Space At The International Surface Event (TISE)

Image
  There are many reasons why people choose hard surface floors over other types of flooring. Hard surfaces offer a level of durability and are very aesthetically pleasing. Unfortunately, choosing this type of flooring can be confusing and costly. There are four main hard surface varieties namely vinyl plank, laminate, solid hardwood, and engineered wood. Each has their own style strengths and provide different advantages. Increasing population coupled with rapid urbanization is expected to drive growth of the global hard surface flooring market . According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Furthermore, according to the World Bank, in 2019, the global population reached 7.674 billion, increasing from 6.84 billion in 2009. As a result of this, building...
Read more