The Impact of Government Initiatives Such as Promoting Organ Donation Among the Population is Anticipated to Propel the Global HLA (Human Leukocyte Antigen) Typing Market Growth
NEWARK, Del., Nov. 7, 2023 /PRNewswire/ -- The global HLA typing market is estimated to secure a valuation of US$ 1.1 billion in 2023 and is estimated to rise to US$ 2.1 billion by 2033. The market is anticipated at a CAGR of 6.7% during the forecast period. The increase in organ failures is expected to lead to a growing number of organ transplant surgeries performed globally. The global HLA typing market is expected to snowball during the forecast period.
Several factors, such as an increase in the demand for diagnostic products, greater collaboration between public and private sectors for extensive HLA research, a rise in the prevalence of infectious diseases, and an increase in transplant procedures, are fueling the market growth. HLA typing employs DNA-based molecular diagnostics to identify HLA class I and II antigens. These innovative DNA technologies provide more accurate and robust results by identifying differences in HLA genes.
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Technological progress, more procedures for stem cells, soft tissue, and solid organ transplantations, improved support for research and development, and an increment in public and private funds are some key factors that are driving market growth. The global market is foreseen to be caused by the development of organ transplants, a rise in the occurrence of chronic and infectious diseases, and advancements in molecular assays used for HLA typing. Moreover, funding for HLA typing research is anticipated to have a positive impact on the market.
The market for enhanced HLA research is witnessing a global trend of increasing demand for private, public, and diagnostic goods. This trend is attributed to a rise in transplant procedures and an increase in the incidence of infectious diseases. The market is also witnessing a significant development in HLA diagnostics, with the introduction of molecular diagnostic methods such as polymerase chain reaction (PCR) and next-generation sequencing (NGS).
The market for organ transplants is hindered by unfavorable reimbursement policies and a low supply of donors compared to acceptors. NGS and PCR systems and equipment are associated with significantly high costs, which may impede the market's growth due to affordability issues. The exorbitant price of these advanced technologies may deter potential customers from investing, limiting their accessibility and adoption. This challenge is likely a significant obstacle for the market players in the foreseeable future.
" The market growth is driven by the increasing prevalence of genetic disorders, rising demand for organ transplants, and advancements in HLA typing products. Industry experts and the government have been collaborating to achieve great success in the market for the last few years." – Opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI) analyst.
Key Takeaways from the HLA Typing Market
- The global HLA typing market is estimated to register a CAGR of 6.7% with a valuation of US$ 2.1 billion by 2033.
- The market captured a CAGR of 8.2% in the historical period between 2018 and 2022.
- Japan is anticipated to dominate the global market by registering a 7.6% CAGR during the forecast period.
- With a 7.1% CAGR, China is driving the global market by 2033.
- The United States is anticipated to secure a CAGR of 6.9% in the global market during the forecast period.
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Key Strategies
The global HLA typing market is poised to experience rapid growth during the forecast period due to several factors. These include a large target patient population, increased awareness of the advantages of HLA typing, geographic expansion of market players, and government initiatives to modernize and expand healthcare infrastructure. The market is characterized by fragmented competition among key players, driven by product launches by biotechnological and pharmaceutical companies. As more progressive biotechnological companies emerge, genetic testing is expected to increase.
Key Companies in the HLA Typing Market
- Thermo Fisher Scientific Inc.
- Bio-Rad Laboratories Inc.
- Qiagen N.V.
- Omixon Inc.
- GenDx
- Illumina Inc.
- F.Hoffmann-La Roche Ltd.
- Immucor, Inc.
- bioMerieux S.A.
- CareDx, Inc.
- Hologic, Inc.
- Olerup International AB
Recent Developments in the HLA Typing Market
- In October 2023, Eurobio Scientific's subsidiary GenDx launched NGS-Turbo, which utilizes Oxford Nanopore Technologies sequencing devices for Research Use Only (RUO) and offers unmatched speed and efficiency for HLA typing when time is crucial.
- In September 2023, Omixon, Inc. launched the NanoTYPE RUO Multiplex HLA Amplification Kit, which is now compatible with Oxford Nanopore's MinION platform.
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Market Segmentation
By Product Type:
- Instruments
- Reagents & Consumables
- Software & Services
By Application:
- Diagnosis
- Research
By Technique:
- Molecular Assay
- Sequenced-based Molecular Assay
- Non-molecular Assay
By End User:
- Commercial Service Providers
- Hospitals
- Transplant Centers
- Research Labs
- Academic Institutes
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News
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