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(CityRegions.Com, August 21, 2024 ) According to the latest research by InsightAce Analytic, the Global Fecal Calprotectin Test Market is valued at US$ 140.2 Mn in 2023, and it is expected to reach US$ 280.5 Mn by 2031, with a CAGR of 9.17% during the forecast period of 2024-2031.
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Fecal calprotectin tests help to detect gastrointestinal inflammation. White blood cells produce a protein known as calprotectin when inflammation strikes. The increasing occurrence of inflammatory bowel disease and gastrointestinal illnesses is projected to drive substantial expansion in the global fecal calprotectin test market over the coming years. Because inflammatory bowel disease and colon cancer are more common in adults, the fecal calprotectin test is typically administered to this population. Global fecal calprotectin test market expansion is anticipated to be driven by rising patient and healthcare professional awareness of the need for early diagnosis and treatment. Additionally, the healthcare industry is embracing personalized medicine, with more government programs aimed at colorectal screening. Home-based testing kits for fecal calprotectin tests are being introduced, allowing patients to monitor their gastrointestinal health without leaving the comfort of their homes.
Furthermore, the fecal calprotectin test market is poised for expansion due to the rising popularity of non-invasive diagnostics, advancements in testing technology, and increased consumer interest in gastrointestinal health. Potential possibilities for substantial expansion include penetrating new markets and capitalizing on the popularity of at-home testing kits. A significant obstacle to the market's expansion is the general public's ignorance and constrained insurance reimbursement, particularly in less developed regions..
List of Prominent Players in the Fecal Calprotectin Test Market:
Abbexa
ALPCO
Alpha Laboratories
Biomerica
BάHLMANN Laboratories AG
DRG Instruments GmbH
EagleBio
Epitope Diagnostics, Inc.
OPERON, S.A.
R-Biopharm AG
Svar Life Science
Thermo Fisher Scientific Inc.
Werfen
SENTINEL CH. SpA
Diazyme Laboratories, Inc.
DiAgam
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Market Dynamics:
Drivers:
An increase in the need for precise diagnostics at an early stage and developments in diagnostic testing technology are the main drivers of the fecal calprotectin tests market. There is an increasing need for precise and prompt medical diagnosis. Healthcare practitioners and patients emphasize the importance of rapid and accurate diagnosis of gastrointestinal problems to enhance treatment results and successfully manage illnesses. Additionally, innovations in testing instruments have increased the efficiency, precision, and reliability of fecal calprotectin tests, increasing the demand for these tests. Automated analyzers and enhanced assay methodologies have made these tests more accessible and attractive by facilitating speedier results and increased diagnostic precision. Because of this, fecal calprotectin tests are becoming increasingly popular worldwide.
Challenges:
There are several obstacles in the fecal calprotectin test industry. These challenges include the high price of fecal calprotectin tests, which is a major factor discouraging their widespread use, especially in areas with low per capita income. Furthermore, healthcare practitioners and patients may need to fully understand the advantages of fecal calprotectin testing, which can limit their broad use. Growing a customer base is already challenging enough without adding red tape like regulations and strict quality controls. Moreover, problems with sample collecting, handling, and processing might also impact the results dependability. These factors provide obstacles to the expansion and wider adoption of fecal calprotectin testing in the world of healthcare.
Regional Trends:
The North American fecal calprotectin test market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR soon due to several factors, including improvements in healthcare infrastructure, more public understanding of the disease, a surge in interest in less invasive diagnostic procedures, a greater emphasis on the need for early diagnosis, and substantial funding for medical research and technological advancements in this area. Besides, Europe had a significant market share due to increased knowledge about inflammatory bowel disorder and colorectal cancer, as well as a substantial patient population. In addition, there has been an uptick in research efforts nationwide, substantial healthcare spending, new technologically improved items have been widely adopted, and advanced technology has been made available early in this region.
Recent Developments:
In May 2024, ALPCO-GeneProof, a world leader in molecular diagnostics, and Revvitys EUROIMMUN division, a top producer of in-vitro diagnostic products, established a strategic alliance to increase the availability of GeneProof PCR kits across the EU. As a result of this partnership, the cutting-edge molecular diagnostic technologies developed by ALPCO-GeneProof will be combined with EUROIMMUNs vast distribution network and support infrastructure.
In May 2024, Epitope Diagnostics, Inc. introduced its fully automated chemiluminescent immunoassay devices (ECL25 and ECL100) along with panel kits that include both common and specialized chemiluminescent immunoassay tests for a range of clinical types.
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Segmentation of Fecal Calprotectin Test Market-
Fecal Calprotectin Test Market- By Patient Type
Adult
Pediatric
Fecal Calprotectin Test Market- By Assay Type
ELISA (Enzyme-linked Immunosorbent Assay)
Enzyme Fluoroimmunoassay
Quantitative Immune-Chromatography
Fecal Calprotectin Test Market- By Indication
Inflammatory Bowel Disease
Colorectal Cance
Celiac Disease
Fecal Calprotectin Test Market- By End-User
Hospitals
Diagnostic Laboratories
Academic & Research Institutes
Fecal Calprotectin Test Market- By Region
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
South East Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Insight Ace Analytics
Diana Dsouza
+917972967118
diana.dsouza@insightaceanalytics.com
Source: EmailWire.Com 
Source: EmailWire.com
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