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Global Faecal Occult Testing Market: By End Use: Hospitals, Physicians' Office Laboratories, Clinical Diagnostic Laboratories; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Faecal Occult Testing Market Outlook
The global faecal occult testing market is expected to grow at a CAGR of 5% during the forecast period of 2022-2027.
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The growing geriatric population is one of the key factors driving the growth of the faecal occult testing market during the forecast period. A faecal occult blood test is a screening test, which helps in the detection of colorectal cancer in its initial stage, the phase when treatment is most effective.
Properties and Applications
The faecal occult test is a medical test for concealed or occult blood to verify stool samples. Occult blood presence shows the existence, in the colon or rectum, of colon cancer or polyps, ulcers, anal fissures, Crohns disease, and many more circumstances. The faecal occult test is used to identify colon cancer in clinical testing.
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The global faecal occult testing industry can be segmented into end-use and region.
Based on its end-use segments, the industry can be classified as:
- Hospitals
- Physicians' Office Laboratories
- Clinical Diagnostic Laboratories
The EMR report looks into the regional faecal occult testing markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Market Analysis
The major factors contributing to the growth of the market for faecal occult testing include the increasing rectal and colon cancer prevalence, government initiatives such as organising camps for colorectal cancer check-ups, improved medical infrastructure, and the adoption of advanced faecal occult testing methods. However, factors like less awareness of the test and its high cost may limit the faecal occult testing market growth over the forecast period. At the same time, the development of direct-to-consumer laboratory testing and the availability of faecal occult immunological test devices in online stores will also provide lucrative market growth opportunities, which will aid the global faecal occult testing industry in the future.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global faecal occult testing equipment market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Abbott Laboratories (NYSE: ABT)
- bioMérieux SA
- Danaher Corp.
- Eiken Chemical Co. Ltd.
- Quidel Corp.
- Eurolyser
- HemoCue America
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region |
| Breakup by End Use | Hospitals, Physicians' Office Laboratories, Clinical Diagnostic Laboratories |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Abbott Laboratories (NYSE: ABT), bioMérieux SA (EPA: BIM), Danaher Corp., Eiken Chemical Co. Ltd. (TYO: 4549), Quidel Corp. (NASDAQ: QDEL), Eurolyser, HemoCue America, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Key Industry Trends
3.3 Market Scope and Segmentation
3.4 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Faecal Occult Testing Market Analysis
6.1 Global Faecal Occult Testing Historical Market (2017-2021) & Forecast (2022-2027)
6.2 Global Faecal Occult Testing Market Breakup by End Use
6.2.1 Hospitals
6.2.2 Physicians' Office Laboratories
6.2.3 Clinical Diagnostic Laboratories
6.3 Global Faecal Occult Testing Market Breakup by End Use: Historical Market (2017-2021) & Forecast (2022-2027)
6.3.1 Hospitals
6.3.2 Physicians' Office Laboratories
6.3.3 Clinical Diagnostic Laboratories
6.4 Global Faecal Occult Testing Market Breakup by Region
6.4.1 North America
6.4.1.1 United States of America
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 Germany
6.4.2.2 United Kingdom
6.4.2.3 France
6.4.2.4 Italy
6.4.2.5 Others
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 Japan
6.4.3.3 India
6.4.3.4 ASEAN
6.4.3.5 Others
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.4.4 Others
6.4.5 Middle East & Africa
6.4.5.1 Saudi Arabia
6.4.5.2 United Arab Emirates
6.4.5.3 Nigeria
6.4.5.4 South Africa
6.4.5.5 Others
6.5 Global Faecal Occult Testing Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
6.5.1 North America
6.5.1.1 United States of America
6.5.1.2 Canada
6.5.2 Europe
6.5.2.1 Germany
6.5.2.2 United Kingdom
6.5.2.3 France
6.5.2.4 Italy
6.5.2.5 Others
6.5.3 Asia Pacific
6.5.3.1 China
6.5.3.2 Japan
6.5.3.3 India
6.5.3.4 ASEAN
6.5.3.5 Others
6.5.4 Latin America
6.5.4.1 Brazil
6.5.4.2 Argentina
6.5.4.3 Mexico
6.5.4.4 Others
6.5.5 Middle East & Africa
6.5.5.1 Saudi Arabia
6.5.5.2 United Arab Emirates
6.5.5.3 Nigeria
6.5.5.4 South Africa
6.5.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Key Players & Company Profiles
9.1 Abbott Laboratories (NYSE: ABT)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 bioMérieux SA (EPA: BIM)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Danaher Corp.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Eiken Chemical Co. Ltd. (TYO: 4549)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Quidel Corp. (NASDAQ: QDEL)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Eurolyser
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 HemoCue America
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Others
10 Industry Events and Developments
Key Questions Answered in the Report
The global faecal occult testing market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major drivers of the industry, such as the availability of enhanced facilities for cancer diagnosis and treatment, increasing prevalence of colorectal cancer, growing geriatric population, favourable government initiatives, and the growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the advancement of direct-to-consumer laboratory testing services and the availability of faecal occult immunological test devices on online platforms.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Hospitals, physicians' office laboratories, and clinical diagnostic laboratories are the leading end use segments of the product in the industry.
The major players in the industry are Abbott Laboratories, bioMérieux SA, Danaher Corp., Eiken Chemical Co. Ltd., Quidel Corp., Eurolyser, and HemoCue America, among others.
Analyst Review
The global faecal occult testing market is being driven by the rising prevalence of rectal and colon cancer and the growing awareness regarding cancer treatment. Aided by the improvement of direct-to-consumer laboratory testing services, the market is expected to witness a healthy growth in the forecast period of 2022-2027, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on end use, the industry can be segmented into hospitals, physicians' office laboratories, and clinical diagnostic laboratories. The major regional markets for faecal occult testing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Abbott Laboratories, bioMérieux SA, Danaher Corp., Eiken Chemical Co. Ltd., Quidel Corp., Eurolyser, and HemoCue America, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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