Report ID: SQMIG35A2892
Report ID:
SQMIG35A2892 |
Region:
Global |
Published Date: May, 2024
Pages:
219
|
Tables:
61 |
Figures:
75
Global Fecal Occult Testing Market size was valued at USD 178.9 billion in 2022 and is poised to grow from USD 192.57 billion in 2023 to USD 391.11 billion by 2031, growing at a CAGR of 7.79% in the forecast period (2024-2031).
The global fecal occult testing is an important medical procedure used to examine stool samples for hidden or occult blood, which can indicate various conditions such as colon cancer, polyps, ulcers, and inflammatory bowel diseases. This screening method plays a significant role in detecting colon cancer early and is often employed in clinical settings for colorectal cancer screening.
The growth of the fecal occult testing market is primarily driven by factors like the increasing prevalence of rectal and colon cancer, government initiatives promoting colorectal cancer check-ups, advancements in medical infrastructure, and the adoption of advanced fecal occult testing techniques. However, challenges such as low awareness about the test and high costs may hinder market expansion. Nonetheless, the emergence of direct-to-consumer laboratory testing and the availability of fecal occult immunological test devices through online channels present promising growth opportunities in the forecast period.
The fecal occult testing market is segmented based on product type, including guaiac FOB stool tests, immuno-FOB agglutination tests, lateral flow immuno-FOB tests, and immuno-FOB ELISA tests. End users of these tests vary and include hospitals, clinical diagnostic laboratories, and physicians' office laboratories. Geographically, the market is analyzed across regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East, and Africa.
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Report ID: SQMIG35A2892