Transplantation Market to Exhibit a CAGR of 10.6% by 2028; Rising Incidence of Cancer and Kidney Failure to Fuel Demand

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Eurofins' US Transplant Diagnostics announced the successful acquisition of the Hawaii Cellular Therapy and Transplant Laboratory (HCTTL). HCTTL signed an agreement with Eurofins VRL to enlarge VRL's substantial US geographic footprint. Moreover, the acquisition will improve th

The global “transplantation market” size is expected to reach USD 14.67 billion by 2028, exhibiting a CAGR of 10.6% during the forecast period. The increasing awareness regarding organ donations coupled with government initiatives can have an excellent impact on the global market in the forthcoming years, states Fortune Business Insights, in a report, titled “Transplantation Market, 2021-2028.” The market size stood at USD 5.47 billion in 2020.

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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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Acquisition of Hawaii Cellular Therapy and Transplant Laboratory (HCTTL) by Eurofins Transplant Diagnostics to Aid Development

Eurofins' US Transplant Diagnostics announced the successful acquisition of the Hawaii Cellular Therapy and Transplant Laboratory (HCTTL). HCTTL signed an agreement with Eurofins VRL to enlarge VRL's substantial US geographic footprint. Moreover, the acquisition will improve the long-standing pillar of the Hawaiian transplant community and increase VRL's network of laboratories that are now located in 11 states. It will serve Organ Procurement Organizations, Tissue Banks, and commercial companies needing testing donated biological materials. The merger is expected to push this market's growth due to the transplant network and Eurofins Transplant Diagnostics’ strategies to strengthen its position in the transplantation market. The joint transplant diagnostics portfolio of Viracor-Eurofins laboratory and Transplant Genomics innovative testing of subclinical rejection detection testing will advance Eurofins' US Transplant Diagnostics and transplant care.

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