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The global fecal occult testing market is witnessing significant growth due to the increasing prevalence of colon cancer and other disorders that can be diagnosed with the aid of these tests. The fecal occult test is a method for the detection of blood in the stool sample that can help diagnose some chronic conditions including colorectal cancer, gastrointestinal disorder, and others. The growing prevalence of these conditions amongst the general population along with increasing product approvals and launches by the major companies are expected to boost the demand and adoption of these test kits in the market.
Rising Prevalence of Colorectal Cancer and Gastrointestinal Disorders to Boost Adoption of these Tests
The growing prevalence of colorectal cancers among the population globally coupled with the rising awareness regarding these tests’ ability to detect and diagnose these condition are expected to spur the demand for these tests among the population.
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According to a 2022 report published by the World Cancer Research Fund (WCRF) International, there were more than 1.9 million new cases of colorectal cancer among the population globally in 2022. Among the total new cases, China accounted for a major share of around 26.8% globally.
Limited Awareness Regarding these Tests in Emerging Countries May Hamper Adoption
The limited awareness among healthcare providers regarding the fecal occult testing kits for the colorectal cancer screening and the diagnosis of other conditions is resulting into a lack of provider recommendations. This is expected to hinder the adoption of these tests among the population, especially in emerging countries such as India, China, Brazil, and others with limited healthcare resources.
Favorable Government Policies to Propel Industry Expansion
The rising focus of government bodies and other healthcare organizations to improve the clinical guidelines and recommendations for colorectal cancer screening is expected to support the increasing awareness and adoption of these fecal occult testing services among healthcare providers and the patient population.
The report covers the following key insights:
By Test Type | By Application | By End-user | By Geography |
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By test type, the market is categorized into guaiac fecal occult blood test (gFOBT), fecal immunochemical test (FIT), and FIT-DNA.
The fecal immunochemical test (FIT) segment accounted for a significant proportion of the market in 2023. The growing prevalence of colorectal cancer among the general population along with the increasing awareness and screening rate among the patient population and the healthcare providers regarding the fecal occult testing are contributing to the segment growth.
By application, the market is categorized into colorectal cancer, gastrointestinal bleeding, anemia, and others.
The colorectal cancer segment accounted for a substantial share in the market. The growing screening rate of colorectal cancer among the general population in the U.S., U.K., Germany and other countries and the rising efficiency of fecal occult blood testing products in the early detection of colorectal cancer are the major factors favoring the segment growth.
Based on end-user, the market is segmented into hospital-based laboratories, standalone laboratories, clinic-based laboratories, and others.
The hospital-based laboratories segment held a prominent share in the global market in 2023. The dominance of the segment is majorly due to the rising number of patient visits to hospitals for the screening and diagnosis of various chronic conditions including colorectal cancer and other diseases.
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By region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
In 2023, the region of North America accounts for the largest share in the global fecal occult testing market. The increasing screening rate and utilization of fecal occult test kits among patients in the region along with rising reimbursement for these services are some of the prominent factors contributing to the growth of the region over the forecast period.
The Europe region is projected to witness growth prospects over the forecast period. The growing prevalence of colorectal cancer, gastrointestinal bleeds, and other chronic conditions among the population in the U.K., Germany, France, and others along with rising awareness regarding the available fecal occult screening options for these conditions are some of the vital factors expected to fuel the product demand in the region.
The growing initiatives by government bodies, national organizations, and others to increase the awareness and utilization of fecal occult blood testing products among the general population for the detection of colorectal cancer, and other chronic conditions is projected to spur the market growth in the region.
The Asia Pacific region is estimated to account for a substantial share in 2023, due to a strong incidence of key diseases in the region, leading to a robust procedural volume across the forecast period.
The fecal occult testing market reflects a fragmented competitive landscape, with numerous companies operating in the market with various services. Furthermore, there is a significant presence of the regional players in key regions. The report includes the profiles of the following players:
The report includes the profiles of the following key players:
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