According to IMARC Group latest report titled” Fecal Occult Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market grew at a CAGR of around 5% during 2015-2020. The Global [URL=https://www.imarcgroup.com/fecal-occult-testing-marketFecal Occult Testing Market size[/URL] to exhibit moderate growth during the next five years. A fecal occult blood test (FOBT) refers to a non-invasive procedure used to detect hidden blood in the feces or stool. Samples are collected using cards and flushable reagent pads. These samples are sent to the labs for testing and diagnosing various medical conditions, such as ulcers, hemorrhoids, diverticulosis, colitis, benign tumors and colon cancer, that cause bleeding in the digestive tract. Fecal occult testing enables quicker medical decisions that lead to enhanced quality of life and a reduced mortality rate.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
The growing focus on integrated health services for improved diagnosis and treatment outcomes, coupled with the rising inclination towards point-of-care diagnostics (POCD), is augmenting the market growth. Furthermore, the increasing geriatric population, who are more prone to various gastrointestinal disorders, is also driving the demand for fecal occult testing. Moreover, the widespread adoption of non-invasive and minimally-invasive (MI) procedures for treating hemorrhoids, colon cancer, ulcers, etc., is further augmenting the market. Apart from this, the emergence of immunochemical fecal occult blood tests (iFOBTs or FITs) for accurate diagnosis of gastrointestinal disorders will further continue to drive the global market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Abbott Laboratories
Beckman Coulter Inc.
Biohit Oyj
EDP Biotech Corporation
Eiken Chemical Co. Ltd.
Epigenomics AG
Quest Diagnostics Incorporated
Quidel Corporation
Randox Laboratories Ltd
Fecal Occult Testing Market Segmentation:
Our report has categorized the market based on region, test type and end user.
Market Breakup by Test Type:
Guaiac FOB Stool Test
Immuno-FOB Agglutination Test
Lateral Flow Immuno-FOB Test
Immuno-FOB ELISA Test
Market Breakup by End User:
Hospitals
Clinical Diagnostic Laboratories
Physician Office Laboratories
Market Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape