Global Faecal Extraction Systems market research 2024, Forecast To 2033
4 Mar, 2024
The faecal extraction systems market has demonstrated steady growth, poised to increase from $1.64 billion in 2023 to$1.7 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. This growth is attributed to ethical concerns, stringent regulations, economic conditions, disruptions caused by the COVID-19 pandemic, and the rising prevalence of inflammatory bowel disease (IBD). Forecasts suggest continued steady growth, with the market projected to reach $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The expansion in the forecast period is expected due to sustainable recovery efforts, regional dominance, government support, research investments, and post-COVID-19 recovery initiatives. Major trends include product innovations, marketing strategies, market player dynamics, economic conditions, and technological advancements.
Global Faecal Extraction Systems Market Key Driver
The increasing prevalence of inflammatory bowel disease is expected to propel the growth of the faecal extraction systems market going forward. 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, the prevalence of Inflammatory Bowel Disease (IBD) is expected to significantly increase in various regions in 2035. Therefore, the increasing prevalence of inflammatory bowel disease in faecal extraction systems is expected to drive the growth of the faecal extraction systems market. According to the 2028 market size projections, the faecal extraction systems market is anticipated to witness significant expansion.
Get A Free Sample Of The Global Faecal Extraction Systems Market ReportGlobal Faecal Extraction Systems Market Segments
The global 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
By Geography: The regions covered in the faecal extraction systems market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Faecal Extraction Systems Industry Players
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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Faecal Extraction Systems Market Overview
A faecal extraction system is a device or instrument that collects faeces samples to identify pathogens, microbes, or parasite particles that could be present inside the stool.
Faecal Extraction Systems Global Market Report 2023 provides data on the global faecal extraction systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The faecal extraction systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.