Organ Function Assays Market: Introduction
- An assay can be defined as an analysis done to determine presence, amount, or functional activity of the target entity, also known as analyte, which can be a biochemical substance, drug, or an organic sample
- Functional human tissue assays aid in measuring a range of physiological effects at the level of organ, gene, and cell. These assays are utilized in various fields including drug discovery biology, to investigate the mechanisms underlying the novel drug target, and to validate the target identified in a particular tissue that is capable of eliciting a physiological response.
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- A range of assays are available for testing the functioning of various organs, including cardiovascular, kidneys, liver, pancreas, and thyroid gland
Key Drivers and Restraints of Global Organ Function Assays Market
- Changing lifestyle of people and increase in prevalence of lifestyle-related disorders associated with kidneys, liver, and heart, create a demand for organ function assays, thereby fueling the market. Numerous patients suffering from end-stage renal disease, liver cirrhosis, and other fatal conditions and rising mortality among them necessitate the need for effective organ function tests, further contributing to the expansion of the organ function assays market.
- Significant increase in infectious diseases contributes to a rise in need for rapid screening for diseases such as influenza, HIV, dengue, and malaria. Point-of-care tests for infectious diseases lead to efficient and prompt treatment, aiding in prevention of spread of the disease. Rise in demand for point-of-care testing of infectious diseases fuels the organ function assays market.
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- According to organdonor.gov, over one million tissue transplant procedures are performed in the U.S. Increase in number of tissue transplant and organ transplant procedures is expected to boost the demand for organ function assays to analyze functionality, thereby fueling the organ function assays market.
North America to Lead Global Organ Function Assays Market
- In terms of region, the global organ function assays market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America dominated the global organ function assays market in 2018, owing to strong presence of leading market players, high awareness among the people concerning organ function assays, increase in product approvals, and high prevalence of lifestyle diseases among people
- Europe was the second-largest market for organ function assays in 2019, followed by Asia Pacific. The organ function assays market in Asia Pacific is projected to expand at a rapid pace, followed by Latin America and Middle East & Africa. Rise in number of non-communicable diseases and increase in government initiatives for improvement of the healthcare industry are estimated to propel the organ function assays market in Asia Pacific.
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Key Manufacturers Operating in Global Organ Function Assays Market
Leading players in the global organ function assays market are:
- Alpha Laboratories
- Horiba Ltd.
- Laboratory Corporation of America Holdings
- Hoffmann-La Roche AG
- Randox Laboratories
- Thermo Fisher Scientific
- Cylex Inc.
- Johnson & Johnson
- Biobase Group
- Otsuka Holdings Co Ltd
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