The Fecal Occult Testing Market and it is poised to grow by $ 113.49 mn, progressing at a CAGR of 4% during the forecast period 2022-2028.
A stool occult blood test is a medical test to check for hidden or occult blood in a stool sample. The presence of occult blood indicates the presence of colon cancer or polyps in the colon or rectum, ulcers, anal fissures, Crohn’s disease, and many other conditions. The stool latency test is used in clinical screening to detect colorectal cancer. Fecal occult blood testing (FOBT) is a non-invasive procedure used to detect blood hidden in stool or stool. This is done by collecting the sample using a card and washable reagent pads or tissues. These samples are sent to a laboratory for testing and are used to diagnose conditions such as hemorrhoids, diverticulosis, ulcers, colitis, benign tumors and colon polyps or cancer that cause bleeding in the digestive tract. Now, rising awareness of early detection is driving adoption because stool latency testing enables faster health care decisions, provides effective health care, improves quality of life and reduces mortality.
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Market Segments
By Product
- Guaiac FOB Stool Test
- Immuno-FOB Agglutination Test
- Lateral Flow Immuno-FOB Test
- Immuno-FOB ELISA Test
By End User
- Hospitals
- Clinical Diagnostic Laboratories
- Physicians’ Office Laboratories
Key Players
The key players being 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.
Scope of the Report
The research study analyzes the global Fecal Occult Testing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Fecal Occult Testing Market Report
1. What was the Fecal Occult Testing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Fecal Occult Testing Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Fecal Occult Testing Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Fecal Occult Testing market.
- The market share of the global Fecal Occult Testing market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Fecal Occult Testing market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Fecal Occult Testing market.
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