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.
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·
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.
·
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.
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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:
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Alpha Laboratories
·
Horiba Ltd.
·
Laboratory Corporation of America Holdings
·
F. Hoffmann-La Roche AG
·
Randox Laboratories
·
Thermo Fisher Scientific
·
Cylex Inc.
·
Johnson & Johnson
·
Biobase Group
·
Otsuka Holdings Co Ltd
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