2024-2033 Gastrointestinal Pathogen Testing Market: Key Insights on Growth Opportunities
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What is the Expected Growth Rate of the Gastrointestinal Pathogen Testing Market from 2024 to 2033?
The gastrointestinal pathogen testing market has shown steady growth, projected to rise from $3.89 billion in 2023 to $4.05 billion in 2024 with a CAGR of 4.2%. Contributing factors include a higher prevalence of gastrointestinal infections, increased awareness of foodborne illnesses, globalization leading to more travel-related infections, regulatory initiatives for food safety, and rising healthcare expenditures.
The gastrointestinal pathogen testing market is projected to grow steadily, reaching $4.80 billion by 2028, with a CAGR of 4.4%. Factors contributing to growth include increasing gastrointestinal infections, awareness of early detection, expanded healthcare infrastructure, demand for point-of-care testing, food safety focus, and R&D efforts. Trends include rapid testing methods, molecular diagnostics adoption, point-of-care testing expansion, automation advancements, novel biomarker development, and AI integration.
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What Key Factors Are Fueling the Growth of the Gastrointestinal Pathogen Testing Market?
The rising instances of foodborne illnesses are expected to propel the growth of the gastrointestinal pathogen testing market. Foodborne diseases arise from consuming contaminated food or beverages, with various factors contributing to increased cases, such as changes in food production and climate impacts. Gastrointestinal testing identifies specific pathogens responsible for these illnesses, helping healthcare providers diagnose and treat affected individuals. For instance, in February 2024, the UK Health Security Agency reported 167 cases of listeriosis in England and Wales in 2022, up from 160 in 2021. Therefore, the rise in foodborne diseases is driving the gastrointestinal pathogen testing market.
What Are the Major Segments of the Gastrointestinal Pathogen Testing Market?
1) By Pathogen Type: Bacteria; Viruses; Parasites
2) By Test Type: Molecular Tests; Culture; Biochemical Tests; Other Test Types
3) By Panel Type: Syndromic Full Multiplex Panels; Other Panel Types
4) By End-User: Hospitals; Diagnostic Laboratories; Point-Of-Care; Other End Users
What New Trends Are Transforming the Gastrointestinal Pathogen Testing Market?
Major companies in the gastrointestinal pathogen testing market are developing advanced solutions like metagenomic diagnostic tests for better pathogen detection. In April 2024, Microba Life Sciences, an Australian biotech firm, launched MetaPanel, a diagnostic test that identifies a wide range of gastrointestinal pathogens with high accuracy.
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Which Regions Are Driving Growth in the Gastrointestinal Pathogen Testing Market?
North America was the largest region in the gastrointestinal pathogen testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gastrointestinal pathogen testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Gastrointestinal Pathogen Testing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the gastrointestinal pathogen testing market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Gastrointestinal Pathogen Testing Market Include
1. Gastrointestinal Pathogen Testing Market Executive Summary
2. Gastrointestinal Pathogen Testing Market Segments
3. Gastrointestinal Pathogen Testing Market Size And Template Market Growth Rate
4. Key Gastrointestinal Pathogen Testing Market Trends
5. Major Gastrointestinal Pathogen Testing Market Drivers
……
25. Key Mergers And Acquisitions In The Gastrointestinal Pathogen Testing Market
26. Top Gastrointestinal Pathogen Testing Companies
27. Gastrointestinal Pathogen Testing Market Opportunities And Strategies
28. Gastrointestinal Pathogen Testing Market, Conclusions And Recommendations
29. Appendix
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