Irritable Bowel Syndrome (IBS) Diagnostics Market new Business Ideas By Gemelli Biotech, Inova Diagnostics, Aerodiagnostics, Metabolic Solutions, Commonwealth Diagnostics

Irritable bowel syndrome (IBS) diagnostics market was valued at US$ 2,470.61 million in 2020 and is projected to reach US$ 3,880.91 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.

Irritable bowel syndrome (IBS) is defined as a gastro-intestinal disorder causing discomfort in the stomach, along with diarrhea, and constipation. IBS can develop after a severe session of diarrhea (gastroenteritis) caused by bacteria or a virus. IBS might also be associated with a surplus of bacteria in the bowels (bacterial overgrowth). People exposed to stressful events, especially in childhood, tend to have more symptoms of IBS. IBS diagnostics is done through medical history, physical exam, and imaging tests. However, IBS is majorly diagnosed by lactose intolerance tests, breath test for bacterial overgrowth, blood test, and stool test. The tests are done based on symptoms such as constipation-predominant, diarrhea-predominant, or mixed. It can also detect by various imaging tests such as CT Scan or X-ray, upper endoscopy, and colonoscopy.

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A few prominent players operating in the irritable bowel syndrome (IBS) diagnostics market are Commonwealth Diagnostics International; Genova Diagnostics; Gemelli Biotech; Prometheus Laboratories; Inova Diagnostics, Inc.; Biohit Oyj; Aerodiagnostics, LLC.; Metabolic Solutions, Inc.; Sysmex Corporation; and Bühlmann Laboratories AG, among others.

Irritable bowel syndrome (IBS) diagnostics market is segmented on the basis of diagnosis, indication, and geography. By geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the irritable bowel syndrome (IBS) diagnostics market, emphasizing on parameters such as market trends, technological advancements, and market dynamics along with the analysis of competitive landscape of world’s leading market players.

The COVID-19 pandemic is estimated to have a significant positive impact on the irritable bowel syndrome (IBS) diagnostics market. Majority of the pharmaceutical companies across the world are engaged in the development of vaccines for COVID-19. Moreover, irritable bowel syndrome (IBS) is frequently triggered by COVID-19 stress. Thus, home testing kits are preferable to laboratory testing as laboratory services may be overwhelmed in the pandemic, which is anticipated to have a positive impact on the other segments of the market in the coming months. However, disruptions in the supply chain caused due to the halt in global operations are hindering the market growth.

To cope up against irritable bowel syndrome, the market players are taking constructive steps to create programs to spread awareness among the population. For instance, in 2018, the collaboration of Allergan PLC and Ironwood launched an Interactive Digital Destination platform to encourage sufferers to get educated and act. Similarly, in January 2018, Commonwealth Diagnostics International, Inc. collaborated with American professional golfer, Rob Oppenheim to raise awareness about irritable bowel syndrome (IBS) and small intestinal bacterial overgrowth (SIBO).

The irritable bowel syndrome (IBS) diagnostics market is projected to witness approvals of diagnostic solutions, which will eventually have a positive impact on the growth of the market. For instance, in June 2019, BÜHLMANN Laboratories AG received United States Food and Drug Administration (FDA) 510(k) clearance for its BÜHLMANN fCAL turbo Automated Calprotectin Test and BÜHLMANN fCAL ELISA Calprotectin Test. According to company estimates, the test is anticipated to observe thriving sales in the global market.

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