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Faecal Extraction Systems Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Faecal Extraction Systems Global Market
Faecal Extraction Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $531.78 billion In 2028 At A CAGR Of 38.7% :
The faecal extraction systems market size has grown steadily in recent years. It will grow from $1.64 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to ethical concerns and stringent regulations, economic conditions, disruption in research activities, impact of covid-19, increased prevalence of inflammatory bowel disease (ibd).
The faecal extraction systems market size is expected to see steady growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to sustainable recovery, regional dominance, government support and research investments, post-covid recovery. Major trends in the forecast period include product innovations, marketing strategies and channels, market players, economic conditions, technological innovations.
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Faecal Extraction Systems Market Major Segments
The faecal extraction systems market covered in this report is segmented -
1) By Assay: Calprotectin, Albumin, Haemoglobin, Bile Acids
2) By Analysis Test: Microscopic, Chemical, Immunological, Microbiological
3) By Indication: Parasitic Infection, Viral Infection, Bacterial Indication, Poor Nutrient Absorption
4) By End-Use: Diagnostic Centers, Hospitals & Clinics, Ambulatory Clinics, Research Centers
Key Driver - The Impact Of Rising Inflammatory Bowel Disease Prevalence On The Faecal Extraction Systems Market
The increasing prevalence of inflammatory bowel disease is expected to propel the growth of the faecal extraction systems market going forward. 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 May 2021, according to a report published by BioMed Central, a UK-based journal, the prevalence of Inflammatory Bowel Disease (IBD) is expected to significantly increase in various regions in 2035. Iran is projected to experience a 2.5-fold rise, reaching 69 thousand cases. In North Africa and the Middle East, the prevalence is estimated to increase by 2.3-fold, totalling 220 thousand cases. Moreover, there is an anticipation of a fourfold increase in prevalence in India, totalling 2.2 million cases. Therefore, the increasing prevalence of inflammatory bowel disease in faecal extraction systems is expected drives the growth of the faecal extraction systems market.
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Prominent Trend - Major Companies Introduce Fecal Dna Tests For Enhanced Colorectal Cancer Detection In The Faecal Extraction System Market
Major companies operating in the faecal extraction system market are developing innovative products such as fecal DNA tests to meet larger customer bases, more sales, and increase revenue. Fecal DNA tests refer to non-invasive diagnostic procedures that analyze DNA extracted from a person's stool sample. For instance, in March 2023, BGI Genomics, a China-based biotechnology company, together with Zentya, a Slovakia-based prominent provider in the field of genetic screening, launched COLOTECT 1.0. Distinguishing itself as one of the pioneering fecal DNA tests for colorectal cancer in Slovakia, COLOTECT 1.0 stands out for its non-invasive nature and ability to detect colorectal cancer and precancerous lesions. The test employs multiplex methylation-specific PCR technology, enabling the identification of abnormal colorectal cancer DNA-methylation biomarkers from fecal samples.
Faecal Extraction Systems Market Players
Major companies operating in the faecal extraction systems market report are American Laboratory Products Co. Ltd., Alpha Laboratories Ltd., Arbor Assays, bioMérieux SA, Buhlmann Laboratories AG, Calpro AS, Cancax Biotech SL, DRG Instruments GmbH, Promega Corporation, Werfen SA, Mobidiag Oy, AutoGen Inc., Microbiome Research Pvt. Ltd., Biohit Healthcare Ltd., Meridian Bioscience Inc., Quidel Corporation, DiaSorin SpA, Sekisui Diagnostics LLC, Hologic Inc., Abbott Laboratories, Roche Diagnostics Corporation, Siemens Healthineers, Beckman Coulter Inc., Cepheid Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd, GenMark Diagnostics Inc., Luminex Corporation, Nanosphere Inc., OraSure Technologies Inc., QIAGEN NV, Quest Diagnostics Incorporated, Randox Laboratories Ltd., Sysmex Corporation, Thermo Fisher Scientific Inc., Trinity Biotech plc
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Largest And Fastest Growing Region In The Market
North America was the largest region in the faecal extraction systems market in 2023. The regions covered in the faecal extraction systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Faecal Extraction Systems Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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