Faecal Extraction Systems Market Expected to Reach US ~$2.19 Billion and CAGR 3.6% by 2030 – Polaris Market Research
The global faecal extraction systems market size is expected to reach USD 2.19 billion by 2030 according to a new study by Polaris Market Research.
The growing prevalence of inflammatory bowel diseases globally, coupled with the increasing adoption of one single tool owing to its various application, are the primary factors that may accelerate the industry growth across the globe. Furthermore, stool samples help in detecting intestinal infections and other diseases. If appropriately utilized, fecal extraction systems can reduce the need for various diagnostic tests that may be inconvenient & time-consuming for the patient. Therefore, these factors may gain huge traction among the end-users such as hospitals & clinics, research centers, ambulatory clinics, diagnostic centers, and many others, which, in turn, surge the faecal extraction systems industry demand.
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Based on the end-use, the diagnostic center segment dominates the global industry and is anticipated to lead the industry over the forecasting period. The growth of the segment can be attributed to the presence of technologically advanced equipment coupled with the presence of skilled staff at diagnostic centers. Additionally, the testing done at diagnostic centers is cost-efficient when compared to hospitals & clinics, convenient, and provides faster results. Whereas the hospital & clinics segment is showing the highest CAGR in the global faecal extraction systems industry.
The primary factors driving the growth of the segment include a large number of patients being admitted directly to hospitals & clinics globally. Thus, the huge patient pool is anticipated to drive the segment growth. The growing healthcare sector across emerging nations such as China, India, and Japan, among others, is anticipated to offer huge growth opportunities. Additionally, the surge in medical tourism is further anticipated to drive the growth of the industry. The growing awareness regarding the availability of government-approved faecal extraction systems is projected to boost the growth of the industry.
Market participants such as Calpro AS (Svar Lifescience), Alpha Laboratories, DRG INSTRUMENTS GMBH, Arbor Assays, bioMérieux, BÜHLMANN, Cancax Biotech, ALPCO, Promega Corporation, and Werfen are some of the key players operating in the global market.
There are various market vendors introducing their innovations across the global market to reinforce their geographical footprints. Key market players are offering various solutions tailored to the need of the end-users.
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Polaris Market Research has segmented the faecal extraction systems market report on the basis of the assay, indication, analysis test, end-user, and region:
Faecal Extraction Systems, Assay Outlook (Revenue – USD Billion, 2018 – 2030)
- Bile Acids
Faecal Extraction Systems, Indication Outlook (Revenue – USD Billion, 2018 – 2030)
- Parasitic Infection
- Viral Infection
- Bacterial Indication
- Poor Nutrient Absorption
Faecal Extraction Systems, Analysis Test Outlook (Revenue – USD Billion, 2018 – 2030)
Faecal Extraction Systems, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Diagnostic Centers
- Hospitals & Clinics
- Ambulatory Clinics
- Research Centers
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