The Faecal Extraction Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Faecal Extraction Systems Global Market Report 2024, 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.
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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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
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.
The faecal extraction systems market report table of contents includes:
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. Global Faecal Extraction Systems Market Size and Growth
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26. South America Faecal Extraction Systems Market
27. Brazil Faecal Extraction Systems Market
28. Middle East Faecal Extraction Systems Market
29. Africa Faecal Extraction Systems Market
30. Faecal Extraction Systems Market Competitive Landscape And Company Profiles
Top Major Players:
- American Laboratory Products Co. Ltd
- Alpha Laboratories Ltd
- Arbor Assays
- bioMérieux SA
- Buhlmann Laboratories AG
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