Growing Demand For At-Home Testing Is Fueling Growth Of The Fecal Calprotectin Test Market


The global fecal calprotectin test market is estimated to be valued at US$ 140.6 Mn in 2023 and is expected to exhibit a CAGR of 12.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Fecal calprotectin tests helps in diagnosis of inflammatory bowel disease such as ulcerative colitis and Crohn's disease. The advantages of fecal calprotectin tests are that it is non-invasive, effective and accurate for diagnosing gastrointestinal inflammation and damage.

Market key trends:
One of the key trends in the fecal calprotectin tests market is growing preference for point-of-care and at-home testing. At-home collection and mail-in testing provides convenience to patients. At-home fecal calprotectin tests allow for more frequent non-invasive monitoring of gastrointestinal diseases and their treatments compared to physician office visits. This has supported increased testing volumes and boosted the market growth.

Segment Analysis
The global fecal calprotectin test market is segmented into technology, test type, sample type, end use and region. Based on technology, the market is categorized into enzyme-linked immunosorbent assay (ELISA), calprotectin rapid tests and others. The ELISA segment dominates the market as it is considered the gold standard for detection of fecal calprotectin levels. Based on test type, the market is divided into quantitative and qualitative tests. Quantitative tests hold a larger share as they provide accurate calprotectin level measurement. By sample type, the market covers stool and blood samples, with stool samples being used more widely due to ease of collection. On the basis of end use, the market covers hospitals & clinics, diagnostic laboratories and research & academic institutes. Hospitals & clinics account for the largest share due to high patient footfall.

Key Takeaways
The Global Fecal Calprotectin Test Market Size is expected to witness high growth, exhibiting a CAGR of 12.3% over the forecast period, due to increasing incidence of gastrointestinal disorders.

Regional analysis - North America dominates the global market due to rising prevalence of inflammatory bowel disease. Europe holds the second largest share owing to increasing awareness about fecal calprotectin tests. Asia Pacific exhibits the fastest growth due to growing healthcare infrastructure and healthcare expenditure in countries such as China and India.

Key players - Key players operating in the fecal calprotectin test market are Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., Becton, Dickinson and Company, Abbexa Limited, Bioserv Diagnostics Gmbh, Epitope Diagnostics, Inc., LifeSpan BioSciences, Inc., RayBiotech, Inc., ALPCO. Thermo Fisher Scientific and F. Hoffmann-La Roche Ltd. hold a major share of the market due to their diversified product portfolios.

Read More: https://www.ukwebwire.com/fecal-calprotectin-test-market-size-share-and-growth-forecast-2023-2023/

Comments

Post a Comment

Popular posts from this blog

Contact Center Software Market Growth Accelerated by Enhanced Customer Experience

Image
  Contact center software comprises solutions that help organizations and businesses handle high volume of customer queries through multiple communication channels including phone calls, emails, social media, and web chat. Contact center software help businesses offer enhanced customer support and satisfaction by streamlining agent-customer interactions and providing real-time analytics and reporting. The Global Contact Center Software Market Size is estimated to be valued at US$ 44.7 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for contact center software has been growing steeply owing to the necessity of businesses to offer omnichannel customer experiences. With contact center software, businesses can now efficiently handle customer queries received through multiple channels simultaneously. They ensure seamless transfer of in...
Read more

Microscale 3D Printing Market Growth Accelerated by Advanced Manufacturing Techniques

Image
  Microscale 3D printing enables high throughput additive manufacturing of intricate 3D micro-structures and microfluidic devices using a variety of biomaterials. These printed microdevices find applications in areas like tissue engineering, drug discovery, biomedical research, and diagnostics. The Global Microscale 3D Printing Market Size is estimated to be valued at US$ 20.65 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of advanced additive manufacturing techniques is accelerating the growth of microscale 3D printing market. Technologies like two-photon photopolymerization, stereolithography and Continuous Liquid Interface Production enable precise manufacturing of complex features at microscale with high resolution. These high resolution 3D printing methods allow fabrication of medical implants, microfluidic devices and tissue...
Read more

The Global Seismic Survey Market Growth Accelerated by Increased Oil and Gas E&P Activities

Image
  Seismic surveys are extensively used in oil and gas exploration and production (E&P) activities to locate hydrocarbon deposits and explore potential drilling sites. Seismic surveys provide 3D images of subsurface rock layers, allowing companies to map oil and gas reservoirs and develop plans for exploration and production. The growing demand for energy and increasing oil prices in recent years have led to resurgence in oil and gas E&P projects globally. The Global Seismic Survey Market Size is estimated to be valued at US$ 25.19 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased oil and gas E&P activities have been a key growth driver for seismic survey market over the recent past. Seismic surveys are extensively used in greenfield and brownfield E&P projects to gain vital subsurface information before drilling. With...
Read more