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Description
fecal occult testing Market was valued at USD 77.15 million in the year 2020 and is anticipated to grow at a CAGR of 4% during 2021-2027. Fecal occult test is a kind of screening test performed to check stool samples for knowing the presence of occult blood. This clinical screening is also done for detecting colon cancer. Identification of Occult blood in the person through this screening test indicates the presence of colon cancer. This screening test is mainly performed to deter colon cancer and analyze possible causes of anemia. This medical test also detects polyps in the colon. There are many names given to the fecal occult test such as Hemoccult, Immunoassay FOBT, iFBOT, Immunochemical FOB and Stool Occult Blood. The rising prevalence of rectal and colon cancer, government activities such as organising colorectal cancer check-ups, improved medical infrastructure, and acceptance of advanced faecal occult testing are all contributing to the growth of the faecal occult testing market. However, fecal occult testing market expansion may be limited by reasons such as little awareness of the test and expensive pricing. During the projection period, the expansion of direct-to-consumer laboratory testing and the availability of faecal occult immunological test devices in online retailers will give lucrative market growth possibilities. Patients have turned to cost-effective diagnostic options as a result of low health-care spending in developing nations and increased awareness of health-care diagnostic services. In emerging and underdeveloped economies, this has been a major stumbling block for the faecal occult testing sector. The leading aspects projected to give profitable growth possibilities for the faecal occult testing market during the forecast period include the availability of faecal occult blood test kits in online retailers and improvements in direct-to-consumer laboratory testing.
