Global Faecal Extraction Systems Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s faecal extraction systems market report forecasts the faecal extraction systems market size to grow to $1.94 Billion by 2027, with a CAGR (compound annual growth rate) of more than 3%.
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Faecal Extraction Systems Market Size Forecast
The global faecal extraction systems market is expected to grow from $1.60 billion in 2022 to $1.67 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The faecal extraction systems market is expected to grow to $1.94 billion in 2027 at a CAGR of 3.8%.
North America held the largest faecal extraction systems market share.
Key Faecal Extraction Systems Market Driver – Increase In The Prevalence Of Inflammatory Bowel Disease
For instance, in 2022, according to reports in Oxford Academic, a UK-based journal, a total of 42,498 IBD cases were identified in 2020 (during the last two decades), out of which 31,372 were affected by ulcerative colitis and 11,126 were affected by Crohn’s disease. Therefore, the increasing prevalence of inflammatory bowel disease in faecal extraction systems is expected to drive the growth of the faecal extraction systems market.
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Key Faecal Extraction Systems Market Trend – Advancing Medical Technologies In Faecal Extraction Systems
The advancements in medical technologies of faecal extraction include specimens preserved in formalin, flotation techniques, sedimentation techniques, and gut microbiomes. For instance, in August 2020, MP Biomedicals, a US-based diagnostic products manufacturer launched the MagBeads FastDNA kit for feces based on magnetic beads technology. It allows for high yield and quick isolation of genomic DNA from faecal samples. The unique features of the kit include prewash buffers to effectively remove contaminants and inhibitors before the lysis process and lysis buffers to protect released DNA and remove unwanted RNA.
Faecal Extraction Systems Market Segment
1) By Assay: Calprotectin, Albumin, Haemoglobin, Bile Acids
2) By Analysis Test: Microscopic, Chemical, Immunological, Microbiological
3) By Indication: Parasitic Infection, Viral Infection, Bacterial Indication, Poor Nutrient Absorption
4) By End-Use: Diagnostic Centers, Hospitals & Clinics, Ambulatory Clinics, Research Centers
Faecal Extraction Systems Market Major Players and Strategies
Major players in the faecal extraction systems market are ALPCO, Alpha Laboratories, Arbor Assays, BioMérieux, BÜHLMANN, Calpro AS, Cancax Biotech, DRG INSTRUMENTS GMBH, Promega Corporation, Werfen, Mobidiag, Autogen, Microbiome, Biohit Healthcare Ltd., and Meridian Bioscience.
The Faecal Extraction Systems Global Market Report 2023 covers regional data on faecal extraction systems market size, faecal extraction systems market trends and drivers, opportunities, strategies, and faecal extraction systems market competitor analysis. The countries covered in the faecal extraction systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A faecal extraction system is a device or instrument that collects faeces samples to identify pathogens, microbes, or parasite particles that could be present inside the stool.
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