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Report Overview

The faecal occult testing market was valued at USD 1.10 Billion in 2024, driven by the rising incidence of colorectal cancer and the growing awareness for early diagnosis across the globe. The market is anticipated to grow at a CAGR of 5.30% during the forecast period of 2025-2034, with the values likely to reach USD 1.84 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Faecal Occult Testing Market

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The growing geriatric population is one of the key factors driving the growth of the faecal occult testing market during the forecast period. A faecal occult blood test is a screening test, which helps in the detection of colorectal cancer in its initial stage, the phase when treatment is most effective.

Market Segmentation

The faecal occult test is a medical test for concealed or occult blood to verify stool samples. Occult blood presence shows the existence, in the colon or rectum, of colon cancer or polyps, ulcers, anal fissures, Crohns disease, and many more circumstances. The faecal occult test is used to identify colon cancer in clinical testing. The global faecal occult testing industry can be segmented into end-use and region.

Based on its end-use segments, the industry can be classified as:

  • Hospitals
  • Physicians' Office Laboratories
  • Clinical Diagnostic Laboratories

Looks into the regional faecal occult testing markets like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Faecal Occult Testing Market

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Market Analysis

The major factors contributing to the growth of the market for faecal occult testing include the increasing rectal and colon cancer prevalence, government initiatives such as organising camps for colorectal cancer check-ups, improved medical infrastructure, and the adoption of advanced faecal occult testing methods. However, factors like less awareness of the test and its high cost may limit the faecal occult testing market growth over the forecast period. At the same time, the development of direct-to-consumer laboratory testing and the availability of faecal occult immunological test devices in online stores will also provide lucrative market growth opportunities, which will aid the global faecal occult testing industry in the future.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global faecal occult testing equipment market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Abbott Laboratories (NYSE: ABT) 
  • bioMérieux SA  
  • Danaher Corp. 
  • Eiken Chemical Co. Ltd. 
  • Quidel Corp.  
  • Eurolyser 
  • HemoCue America 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is anticipated to grow at a CAGR of 5.30% during the forecast period of 2025-2034, with the values likely to reach USD 1.84 Billion by 2034.

The major drivers of the market are the growing availability of robust healthcare facilities for cancer diagnosis and treatment, the increasing prevalence of colorectal cancer, the growing geriatric population, and the introduction of various favourable government initiatives to bolster cancer diagnosis and treatment.

The key trends guiding the growth of the market include advancements in direct-to-consumer laboratory testing services and the growing availability of faecal occult immunological test devices on online platforms.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Hospitals, physicians' office laboratories, and clinical diagnostic laboratories are the leading end use segments of the product in the market.

The major players in the market are Avantor, Inc., bioMérieux SA, Henry Schein, Inc., Quidel Corporation, Eurolyser Diagnostica GmbH, Danaher Corporation, and Eiken Chemical Co., Ltd., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End Use
  • Region
Breakup by End Use
  • Hospitals
  • Physicians' Office Laboratories
  • Clinical Diagnostic Laboratories
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Avantor, Inc.
  • bioMérieux SA
  • Henry Schein, Inc.
  • Quidel Corporation
  • Eurolyser Diagnostica GmbH
  • Danaher Corporation
  • Eiken Chemical Co., Ltd.
  • Others
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