Fecal Occult Testing Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Fecal Occult Testing Market by Product (Immuno-FOB Agglutination Test, Guaiac FOB Stool Test, Immuno-FOB ELISA Test and Lateral Flow Immuno-FOB Test) and End User (Hospitals, Physicians Office Laboratories and Clinical Diagnostic Laboratoroies), By Region (Latin America, North America, Middle East & Africa, Europe, Asia Pacific,) – Share, Size, Outlook, and Forecast from 2021 to 2027

 

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Report

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.

Fecal Occult Testing Market

MARKET SUMMARY
-
4% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 4%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Fecal Occult Testing Market

  • The report on global Fecal Occult Testing Market gives historical, current, and future market sizes (US$ Bn) on the basis of product, end user and geography.
  • Fecal Occult Testing Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Quidel Corporation
  • EIKEN CHEMICAL CO., LTD
  • Polymedco CDP
  • Quest Diagnostics Incorporated
  • Beckman Coulter, Inc
Dynamics

Fecal Occult Testing Market

Implementation of advanced fecal occult test, rising occurrence of rectal and colon cancer, improved medical infrastructure and government initiative of organizing colorectal cancer check-ups are some major factors, which contribute in the growth of fecal occult testing market. Easily available fecal occult testing devices in online shops will create more market growth opportunities during the forecast period. High prices of the test and less awareness about the test can limit the market growth. Low health care expenses in underdeveloped countries and increasing alertness about health care diagnostic services encouraged sufferers to opt for cost-efficient substitute for diagnosis. It is the main restrictive factor of fecal occult testing market in both the economies like developing economy and underdeveloped economy. Growing cases of colon cancer and rectal cancer and technological innovations are some prominent factors accelerating the growth of the fecal occult testing market growth.


North-America got significant share

Fecal Occult Testing Market

Awareness amid people and growing demand for efficient fecal occult blood test products are the major factors that dominate the market growth in North America. This region obtained a huge market share of the global fecal occult blood test market. Europe comes at second place to hold the huge market share. Growing cases of colon cancer and increase in demand for fecal occult test devices from U. K and Germany lead to the market growth in the regions. There is an increasing demand from India, Japan and China for fecal occult test products which in turn boost the market growth in Asia pacific.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • This market study report focuses more on the global analysis of the occult testing market with recent developments and future evaluations to provide best investment options for the key players.
  • Complete analysis of aspects is discussed in the report which boom and restrict the global fecal occult testing market growth.
  • This market report also outlines the identification of key players, which influence the market growth. It further evaluates factors, which can change the market scenario.
  • Current and upcoming trends are also discussed in the report for the forecasting period 2020-2027 to identify the prevailing opportunities in the market.
  • This research analysis also covers key players along with their profiles. Strategies that key players follow are also analyzed in the report to give the fair idea about competitive outlook of the market.

Fecal Occult Testing Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Quidel Corporation
  • EIKEN CHEMICAL CO., LTD
  • Polymedco CDP
  • Quest Diagnostics Incorporated
  • Beckman Coulter, Inc
  • Abbott Laboratories
  • Randox Biohit Oyj
  • Laboratories Ltd. and EDP Biotech

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.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX