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Faecal Extraction Systems Market Poised for Remarkable Growth, Projected to Achieve a CAGR of Almost 3.8% by 2032 || ALPCO, Alpha Laboratories, Arbor Assays, BioMérieux, BÜHLMANN, Calpro AS
Faecal Extraction Systems Market
The Business Research Company's Faecal Extraction Systems Global Market Report 2023 identifies the increasing prevalence of inflammatory bowel disease as the major driver for the faecal extraction systems market's growth in the forecast period. Inflammatory bowel disease (IBD) is a category of illnesses characterised by long-term (chronic) inflammation of digestive system tissues. Faecal extraction systems are used for the diagnosis, monitoring of disease activity, treatment guidance, and prediction of disease relapse and post-operative recurrence in inflammatory bowel disease. As a result, the increasing prevalence of inflammatory bowel disease increases the demand for faecal extraction systems. For instance, in 2022, according to reports in Oxford Academic, a UK-based journal, a total of 42,498 IBD cases were identified in 2020 (during the last two decades), out of which 31,372 were affected by ulcerative colitis and 11,126 were affected by Crohn's disease.
The global faecal extraction systems market size is expected to grow from $1.60 billion in 2022 to $1.67 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The faecal extraction systems market is expected to grow to $1.94 billion in 2027 at a CAGR of 3.8%.
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Major competitors in the faecal extraction systems market are ALPCO, Alpha Laboratories, Arbor Assays, BioMérieux, BÜHLMANN, Calpro AS, Cancax Biotech, DRG INSTRUMENTS GMBH.
A key trend in the faecal extraction systems market includes advancement in medical technologies. The advancements in medical technologies of faecal extraction include specimens preserved in formalin, flotation techniques, sedimentation techniques, and gut microbiomes. For instance, in August 2020, MP Biomedicals, a US-based diagnostic products manufacturer launched the MagBeads FastDNA kit for feces based on magnetic beads technology. It allows for high yield and quick isolation of genomic DNA from faecal samples.
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The Faecal Extraction Systems market is segmented -
• By Assay: Calprotectin, Albumin, Haemoglobin, Bile Acids
• By Analysis Test: Microscopic, Chemical, Immunological, Microbiological
• By Indication: Parasitic Infection, Viral Infection, Bacterial Indication, Poor Nutrient Absorption
• By End-Use: Diagnostic Centers, Hospitals & Clinics, Ambulatory Clinics, Research Centers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the faecal extraction systems market.
The Business Research Company's "Global Faecal Extraction Systems Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Faecal Extraction Systems Market Include:
1. Executive Summary
2. Faecal Extraction Systems Market Characteristics
3. Faecal Extraction Systems Market Trends And Strategies
4. Faecal Extraction Systems Market - Macro Economic Scenario
5. Faecal Extraction Systems Market Size And Growth
……………
27. Faecal Extraction Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Faecal Extraction Systems Market
29. Faecal Extraction Systems Market Future Outlook And Potential Analysis
30. Appendix
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