Fecal Analyzer Market Growth Drivers and Forecast by 2031

The fecal analyzer market was estimated to be US$ 657.44 Mn in 2021 and US$ xx Mn in 2023. It is expected to reach US$ 1,028.55 Mn by 2031 and record a CAGR of 3.8% until 2031. Development of point of care analyzers, integration fecal analyzer testing with telehealth consultation, and development of affordable fecal analyzer will likely remain key fecal analyzer market trends.

Fecal Analyzer Market Analysis

Increasing incidence of colorectal cancer is expected to drive the fecal analyzer market's growth. Colorectal cancer is also among the most chronic types of cancer. Developments in medical technology have led to the introduction of fecal analyzers that help in the early diagnosis of colorectal cancer. Colon or colorectal cancer is one of the most common types of cancer. As per the GLOBOCAN 2022 data, it is the third commonly diagnosed cancer in the world. According to the Globocan estimates, there were 1,926,425 number of colorectal cancer cases in both sexes in 2022.

Similarly, the American Cancer estimated that there will be around 106,590 new cases of colon cancer (54,210 in men and 52,380 in women) and around 46,220 new cases of rectal cancer in 2024.

 Fecal Analyzer Market Overview

Global Fecal Analyzer market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. The market growth in this region is expected due to factors such as the incidence of colorectal cancer and implementation of screening programs, rise in geriatric population, and technological advancements in healthcare devices drive the market growth. However, the challenges related to analysis and handling of fecal analyzers hinder the market growth.

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Fecal Analyzer Market: Strategic Insights

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Fecal Analyzer Market Drivers and Opportunities

Rise in Geriatric Population to Favor the Market.

Elderly people are more prone to get affected by gastrointestinal diseases such as Crohn's disease, colorectal cancer, and irritable bowel syndrome (IBS). After colorectal cancer, IBS is a commonly diagnosed disease among older people. ~10–20% of elderly people in the world are diagnosed with the symptoms of IBS. According to statistics from the United Nations (UN) Global Population Prospects for 2022, there were around 771 million people aged 65+ years across the globe, accounting for almost 10% of the world’s population and is projected to reach 16% in 2050.

Fecal Microbiota Transplantation – An Opportunity in Fecal Analyzer Market

Fecal microbiota transplantation (FMT) is the processes of transferring stool from a healthy donor to a patient living with Clostridium difficile infection. Advancements in medical technology have enabled efficient diagnosis of colorectal cancer and IBS through fecal analysis. These developments have also helped conduct research related to FMT, thereby encouraging the launch of different fecal analyzers. However, FMT is not routinely performed for indications other than recurrent C. difficile colitis, as more research is required for determining the fecal transplantation for other medical conditions. Developments in FMT would generate greater demand for fecal analyzers in the coming years. Further, mounting awareness regarding FMT in developing regions such as Asia Pacific and Africa, with a greater incidence of gastrointestinal diseases than developed regions, is likely to serve vital growth opportunities to the fecal analyzer market players.

Fecal Analyzer Market Report Segmentation Analysis

Key segments that contributed to the fecal analyzer market analysis derivation are services and applications.

• Based on product type, the fecal analyzer market is segmented into fully automated feces analyzer, and semi-automatic fecal analyzer. The fully automated feces analyzer segment held the largest share of the market in 2023, and is anticipated to register the highest CAGR in the market during the forecast period.
• By end-user, the fecal analyzer market has been segmented into hospitals, clinics, and others. The hospitals segment held the largest share of the market in 2023, and same segment is estimated to register the highest CAGR in the market during the forecast period.

Fecal Analyzer Market Share Analysis by Geography

The geographic scope of the Fecal Analyzer market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

North America includes US, Canada, and Mexico. The market in North America held a significant share in the global market during the year 2023. The demand for the market in the region is anticipated to witness growth at a significant rate during the forecast period owing to various factors such as high incidences rate of colon cancer, and growing initiatives for mandatory screening through stool test, and presence of market players that offers advanced fully automated fecal analyzer and semi-automated fecal analyzers across the countries.

The Asia Pacific is the fastest-growing market for fecal analyzer globally owing to the increasing developments for fecal analyzers in countries such as Japan and China. The rising concerns about diarrhea, colon cancer, and other diseases and growing numbers of diagnostics laboratories in India serve growth opportunities for market growth. Moreover, rising investment for biotechnology sectors in South Korea and Australia is expected to serve the market's vital growth opportunities.

Fecal Analyzer Market Regional Insights

The regional trends and factors influencing the Fecal Analyzer Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Fecal Analyzer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Fecal Analyzer Market Report Scope

Fecal Analyzer Market Players Density: Understanding Its Impact on Business Dynamics

The Fecal Analyzer Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Fecal Analyzer Market are:

1. Heska Corporation,
2. AVE Science and Technology Co.Ltd,
3. Eiken Chemical Co., Ltd,
4. iClear Limited,
5. Improve Medical Instruments,
6. Belson Medical System Co., Ltd,

Disclaimer: The companies listed above are not ranked in any particular order.

Fecal Analyzer Market News and Recent Developments

The fecal analyzer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for fecal analyzer and strategies:

• In June 2022, Sentinel Diagnostics - an Italian company, launched the SENTiFIT 800 Analyzer, a fully automated and high throughput system for Fecal Immunochemical Test (Source: Company Press Release)
• In September 2020, I.S.E. SRL launched its new compact, reliable and versatile fully automated analyzer for testing metabolic disorder such as - Diabetes - Cardiac Panel - Vitamin Deficiencies - Gastro-intestinal (FECAL) - Kidney Function - Metabolic Disorders - Hospital Admission - Inflammatory Diseases - Specific Proteins - Clinical Chemistry. (Source: Company Press Release)

Fecal Analyzer Market Report Coverage and Deliverables

The “Fecal Analyzer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles