Global HLA Typing Market is expected to grow at a CAGR of 5.9% during the forecast period 2020-2027
A new research report published by Fior Markets with the title HLA Typing Market by Product & Service (Instruments, Reagents & Consumables, Software & Services), Technology (Molecular Assay Technologies, Non-Molecular Assay Technologies), Application (Transfusion Therapy, Diagnostic Applications, Other Diagnostic Applications, Infectious Disease Testing, Research Applications, Donor-Recipient Cross-Matching, Cancer Diagnosis & Prevention), End-User (Research Laboratories & Academic Institutes, Hospitals & Surgical Centres, Commercial Service Providers), Regions, and Global Forecast 2020-2027.
The global HLA typing market is expected to grow from USD 1.2 billion in 2019 to USD 1.91 billion by 2027, at a CAGR of 5.9% during the forecast period 2020-2027. The Asia-Pacific region stands as a promising market for HLA typing and is expected to grow at the highest CAGR during the forecast period. This is largely due to factors like improved healthcare facilities, better overall education, enhanced payment options and expanded insurance coverage in many APAC countries. The markets in Japan, China, and India are proliferating, commanding significant shares in the regional market. The North America region is estimated to account for the largest market share globally thanks to technological advancements, increasing adoption of innovative medical techniques, increasing funding and support for R&D and growing geriatric population.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the global HLA typing market are F. Hoffman-La Roche Ltd., CareDx, GenDx, Biofortuna, Hologic, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company and Thermo Fisher Scientific Inc., among others. Key companies are mainly focusing on developing new products, forming partnerships, and joint ventures to gain significant market share in the global HLA typing market.
On the basis of product & service, the market has been segmented into instruments, reagents & consumables and software & services. The reagents & consumables segment is said to dominate the market with the highest growth rate as well as the majority market share because of the increasing number of target procedures, numerous applications, efficiency and early profiling during transplantation.
On the basis of technology, the market has been segmented into molecular assay technologies and non-molecular assay technologies. The molecular assay technologies segment is estimated to hold the biggest share due to its benefits like real-time analysis, high procedural effectiveness, low turnaround times and multi-sample study capabilities.
On the basis of application, the market has been segmented into transfusion therapy, diagnostic applications, other diagnostic applications, infectious disease testing, research applications, donor-recipient cross-matching and cancer diagnosis & prevention. The diagnostic applications segment is said to lead to the market during the forecast period due to the growing cases of diseases and the adoption of molecular assay procedures for histocompatibility cross-matching & pathogen encounter detection.
On the basis of end-user, the market has been segmented into research laboratories & academic institutes, hospitals & surgical centres, and commercial service providers. The commercial service providers segment held the majority share in 2019 thanks to outsourcing and automation in HLA typing.
About the report:
The global HLA typing market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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