Requirement for various reagents, accessories, and systems of serological transplant diagnostics has been increasing year after year. Increase in cases of kidney, lung, heart, liver, and other organ damage has been aiding market growth across regions.
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According to a report titled “Global Facts: About Kidney Disease”, published by the National Kidney Foundation, 10% of the population worldwide is affected by Chronic Kidney Disease (CKD), and millions die each year because they do not have access to affordable treatment.
While such reports give an estimate of the growth scope for players in the serological transplant diagnostics industry, they also help in spreading awareness, which, in turn, works in favor of suppliers of serological transplant diagnostic equipment.
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According to Fact.MR, the global serological transplant diagnostics market is projected to expand at around 2.5% CAGR over the forecast period of 2021 to 2031.
Key Takeaways from Study
- Surge in demand for reagents and accessories for serological diagnostics to spur the growth of suppliers in this industry
- Increase in demand for kidney and liver transplant to fuel the sales of serological transplant diagnostic equipment manufacturers
- Rise in requirement from hospitals and blood banks & transplant centres to cater to the growth of stakeholders in this industry
- The United States remains the epicentre of the world’s largest market – North America
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- China to maintain its lead in the world’s fastest-growing serological transplant diagnostics industry – East Asia
- Germany to exhibit hegemony in Europe for serological transplant diagnostics
- The United Kingdom, Canada, France, Japan, India, and a few other countries to emerge lucrative destinations over the coming years
“While rise in prevalence of serious lung, kidney, and liver damage is raising requirement for serological transplants, manufacturers of serological diagnostic equipment are focusing on cost-effective and diverse range of solutions in order to increase their sales footprint,” says a Fact.MR analyst.
Who is Winning in this Space?
The global serological transplant diagnostics market is gaining momentum while competition among key players is gradually getting fiercer. In order to remain in their positions, key market players are coming up with more advanced serological transplant diagnostic solutions. For instance,
- Bio-Rad Laboratories Inc. announced the launch of a Serology Assay to detect coronavirus antibodies in 2020, while it launched its extensive range of bio-rad HLA serology products recently,
- Agena Bio Science Inc. recently launched its new range of rapid and genetic testing solutions, which are authorized by the Food and Drug Administration (FDA) and are CE-IVD marked in Europe.
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