Global Fecal Occult Testing Market to Grow at 4.4% During 2024-2032, Bolstered by Increasing Cases of Colon and Rectal Cancer

August 13, 2021 | Healthcare

The latest report by IMARC Group, titled “Fecal Occult Testing Market Report by Test Type (Guaiac FOB Stool Test, Immuno-FOB Agglutination Test, Lateral Flow Immuno-FOB Test, Immuno-FOB ELISA Test), End User (Hospitals, Clinical Diagnostic Laboratories, Physician Office Laboratories), and Region 2024-2032,” finds that the global fecal occult testing market is expected to grow at a CAGR of 4.4% during 2024-2032. Fecal occult testing is used to analyze hidden blood in stool samples. It is a non-invasive procedure that is performed by collecting samples using cards and flushable reagent pads and tissues. Fecal occult blood testing helps in diagnosing colon cancer, polyps in the colon or rectum, ulcers, anal fissures, Crohn's disease, hemorrhoids, diverticulosis, colitis and benign tumors. It also aids in examining the possible causes of unexplained anemia. In recent years, fecal occult testing has gained prominence as it enables quick medical decisions, provides effective healthcare, improves the quality of life, and reduces the mortality rate among patients.

Global Fecal Occult Testing Market Trends: 

The global fecal occult testing market is driven by the rising incidences of colon and rectal cancer. Besides this, various governments and non-profit organizations are implementing initiatives to educate people regarding colorectal cancer check-up programs and create awareness about a quick and accurate diagnosis. As a result, there has been rapid adoption of advanced fecal occult testing across the globe. Furthermore, the rising geriatric population that is at a high risk of contracting diseases, along with improving healthcare infrastructure, is also contributing to the market growth. Moreover, the easy availability of fecal occult test products at online stores, the growing emphasis on integrated health services for enhanced patient experience and the increasing inclination toward point-of-care diagnostics (POCD) are fueling the market growth.

Market Summary: 

  • Based on the test type, the market has been segmented into Guaiac FOB Stool, Immuno-FOB Agglutination, Lateral Flow Immuno-FOB, and Immuno-FOB ELISA tests.
  • On the basis of the end user, the market has been classified into hospitals, clinical diagnostic laboratories, and physician office laboratories.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Abbott Laboratories, Beckman Coulter, Inc. (Danaher Corporation), Biohit Oyj, EDP Biotech Corporation, Eiken Chemical Corporation Limited, Epigenomics AG, Quest Diagnostics Incorporated, Quidel Corporation, and Randox Laboratories Limited.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Test Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Beckman Coulter Inc. (Danaher Corporation), Biohit Oyj, EDP Biotech Corporation, Eiken Chemical Co. Ltd., Epigenomics AG, Quest Diagnostics Incorporated, Quidel Corporation and Randox Laboratories Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Fecal Occult Testing Market to Grow at 4.4% During 2024-2032, Bolstered by Increasing Cases of Colon and Rectal Cancer
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