Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Share by 2028

Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Diagnosis (Breath Testing, Small Intestine Aspirate and Fluid Culture Test, Blood Test, and Others) and Type (Hydrogen-predominant SIBO, Methane-predominant SIBO, and Recurrent SIBO)

  • Report Date : Sep 2021
  • Report Code : TIPRE00025059
  • Category : Life Sciences
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 76

The Europe small intestinal bacterial overgrowth (SIBO) diagnostics market is expected to grow from US$ 46,628.70 thousand in 2021 to US$ 62,001.00 thousand by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.



The UK, Germany, France, Italy, and Spain are major economies in Europe. Advantages of breath test is expected to fuel the market growth. Initially, jejunal aspiration and duodenal fluid analyses were used to diagnose SIBO. Due to the invasiveness of jejunal aspirates' and duodenal fluids analyses, these were replaced by a breath test. The breath test is a non-invasive, patient-friendly, and simple method for SBIO diagnosis. In addition, cost-effectiveness has increased the adoption of a breath test in clinical practice. For instance, the cost of a breath test ranges from US$ 145 to US$ 400 depending upon the healthcare provider and insurance policy. Hydrogen breath tests for carbohydrate malabsorption, and lactulose and glucose hydrogen breath tests for bacterial growth are the widely used breath tests. Of these, the lactulose hydrogen breath test is less specific than the glucose hydrogen breath test. As there is no naturally occurring lactulose enzyme in the body to hydrolyze this sugar in the small intestine, lactulose is not broken down in the small bowel. It is transported intact to the colon, where colonic bacteria ferment it. The products of its metabolism include hydrogen. According to a study, 'Breath Tests for the Non-invasive Diagnosis of Small Intestinal Bacterial Overgrowth: A Systematic Review with Meta-analysis,' published in January 2020, glucose hydrogen breath test has a sensitivity of 58% and specificity of 83%, compared with 42% sensitivity and specificity of 70% for lactulose hydrogen breath test. These tests are also generally used to detect other digestive disorders, including abnormal digestion of dietary sugars and rapid small bowel transit time. Moreover, these tests help in diagnosing IBS by identifying primitive hypersensitivity. Thus, due to the benefits, breath tests are likely to propel the Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics market growth during the forecast period.

In case of COVID-19, Europe is highly affected specially France followed by Italy and Spain. These countries also registered maximum deaths in the past few months. Several countries in the Europe imposed social distancing and lockdown policies to prevent the spread of virus. Moreover, disturbances in production as well as transportation had negative impact on the growth of Europe small intestinal bacterial overgrowth diagnostics market. Due to the lockdown and medical emergency various trades were put on hold. Therefore, the receiving the product on time have delayed various laboratory workflow and have resulted in a long process of deliveries of laboratory equipment, medical devices, and consumables. In addition, rapid and sudden emergence of coronavirus disease in Europe postponed all elective diagnostic and surgical procedures. For instance, according to a recent study published by the American Journal of Managed Care in 2021, the healthcare facilities in UK witnessed around 80.0% reduction in number of diagnostic procedures due to lockdown and social distancing policies. This factor is significantly responsible for negative impact on the growth of Europe SIBO diagnostics market. Thus, the delayed processes in the healthcare sector is expected to show slow growth for Europe's small intestinal bacterial overgrowth (SIBO) diagnostics market in the coming few years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe small intestinal bacterial overgrowth (SIBO) diagnostics market. The Europe small intestinal bacterial overgrowth (SIBO) diagnostics market is expected to grow at a good CAGR during the forecast period. 

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Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Segmentation       

Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – By Diagnosis

  • Breath Testing
    • 14C Xylose Breath Test
    • Hydrogen Breath Tests
    • 14C Glycocholic Acid Breath Test
    • Malabsorption Tests
  • Small Intestine Aspirate and Fluid Culture Test
  • Blood Test
  • Others

Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – By Type

  • Hydrogen-predominant SIBO
  • Methane-predominant SIBO
  • Recurrent SIBO

Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Country

  • Germany
  • UK
  • France
  • Italy 
  • Spain  
  • Rest of Europe

Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market -Companies Mentioned

  • Aerodiagnostics, LLC.
  • Commonwealth Diagnostics International
  • Genova Diagnostics
  • SIBOTest
  • The Functional Gut Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – By Diagnosis

1.3.2 Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – By Type

1.3.3 Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Market Landscape

4.1 Overview

4.2 Europe PEST Analysis

4.3 Expert Opinion

5. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Increasing Prevalence of IBS and SIBO

5.1.2 Advantages of Breath Test

5.2 Key Market Restraints

5.2.1 Problems of Diagnosis such as Agreement Issues

5.3 Key Market Opportunities

5.3.1 Surging Usage of Capsule Technology

5.4 Future Trends

5.4.1 Advent of NGS Technologies to Diagnose SIBO

5.5 Impact Analysis

6. Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Europe Analysis

6.1 Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Revenue Forecast and Analysis

7. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Analysis– by Diagnosis

7.1 Overview

7.2 Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis 2020 & 2028 (%)

7.3 Breath Testing

7.3.1 Overview

7.3.2 Breath Testing: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3.3C Xylose Breath Test

7.3.3.1 Overview

7.3.3.2C Xylose Breath Test: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3.4 Hydrogen and Methane Breath Tests

7.3.4.1 Overview

7.3.4.2 Hydrogen and Methane Breath Tests: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3.5C Glycocholic Acid Breath

7.3.5.1 Overview

7.3.5.2C Glycocholic Acid Breath: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3.6 Malabsorption Tests

7.3.6.1 Overview

7.3.6.2 Malabsorption Tests: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4 Small Intestine Aspirate and Fluid Culture Test

7.4.1 Overview

7.4.2 Small Intestine Aspirate and Fluid Culture Test: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

7.5 Blood Test

7.5.1 Overview

7.5.2 Blood Test: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

7.6 Others

7.6.1 Overview

7.6.2 Others: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

8. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Analysis– by Type

8.1 Overview

8.2 Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type 2020 & 2028 (%)

8.3 Hydrogen-predominant SIBO

8.3.1 Overview

8.3.2 Hydrogen-predominant SIBO: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

8.4 Methane-predominant SIBO

8.4.1 Overview

8.4.2 Methane-predominant SIBO: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

8.5 Recurrent SIBO

8.5.1 Overview

8.5.2 Recurrent SIBO: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

9. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Country Analysis

9.1 Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market

9.1.1 Overview

9.1.2 Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Country, 2020 & 2028 (%)

9.1.3 Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.3.1 Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.3.2 Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis, 2019–2028 (USD Thousand)

9.1.3.2.1 Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing, 2019–2028 (USD Thousand)

9.1.3.3 Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type, 2019–2028 (USD Thousand)

9.1.4 UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.4.1 UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.4.2 UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis, 2019–2028 (USD Thousand)

9.1.4.2.1 UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing, 2019–2028 (USD Thousand)

9.1.4.3 UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type, 2019–2028 (USD Thousand)

9.1.5 France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.5.1 France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.5.2 France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis, 2019–2028 (USD Thousand)

9.1.5.2.1 France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing, 2019–2028 (USD Thousand)

9.1.5.3 France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type, 2019–2028 (USD Thousand)

9.1.6 Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.6.1 Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.6.2 Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis, 2019–2028 (USD Thousand)

9.1.6.2.1 Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing, 2019–2028 (USD Thousand)

9.1.6.3 Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type, 2019–2028 (USD Thousand)

9.1.7 Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.7.1 Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.7.2 Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis, 2019–2028 (USD Thousand)

9.1.7.2.1 Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing, 2019–2028 (USD Thousand)

9.1.7.3 Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type, 2019–2028 (USD Thousand)

9.1.8 Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.8.1 Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

9.1.8.2 Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis, 2019–2028 (USD Thousand)

9.1.8.2.1 Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing, 2019–2028 (USD Thousand)

9.1.8.3 Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type, 2019–2028 (USD Thousand)

10. Impact of COVID-19 Pandemic on Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market

10.1 Europe: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Organic Developments

11.2.1 Overview

11.3 Inorganic Developments

11.3.1 Overview

12. Company Profiles

12.1 Genova Diagnostics

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Commonwealth Diagnostics International

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Aerodiagnostics, LLC.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 SIBOTest

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 The Functional Gut Group

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Table 2. Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis – Revenue and Forecast to 2028 (USD Thousand)

Table 3. Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing– Revenue and Forecast to 2028 (USD Thousand)

Table 4. Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type – Revenue and Forecast to 2028 (USD Thousand)

Table 5. UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis – Revenue and Forecast to 2028 (USD Thousand)

Table 6. UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing– Revenue and Forecast to 2028 (USD Thousand)

Table 7. UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type – Revenue and Forecast to 2028 (USD Thousand)

Table 8. France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis – Revenue and Forecast to 2028 (USD Thousand)

Table 9. France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing– Revenue and Forecast to 2028 (USD Thousand)

Table 10. France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type – Revenue and Forecast to 2028 (USD Thousand)

Table 11. Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis – Revenue and Forecast to 2028 (USD Thousand)

Table 12. Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing– Revenue and Forecast to 2028 (USD Thousand)

Table 13. Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type – Revenue and Forecast to 2028 (USD Thousand)

Table 14. Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis – Revenue and Forecast to 2028 (USD Thousand)

Table 15. Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing– Revenue and Forecast to 2028 (USD Thousand)

Table 16. Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type – Revenue and Forecast to 2028 (USD Thousand)

Table 17. Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis – Revenue and Forecast to 2028 (USD Thousand)

Table 18. Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Breath Testing– Revenue and Forecast to 2028 (USD Thousand)

Table 19. Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type – Revenue and Forecast to 2028 (USD Thousand)

Table 20. Organic Developments Done by Companies

Table 21. Inorganic Developments Done by Companies

Table 22. Glossary of Terms

LIST OF FIGURES

Figure 1. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Segmentation

Figure 2. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – By Country

Figure 3. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Overview

Figure 4. Breath Test Segment Held Largest Share of Market by Diagnosis

Figure 5. The UK to Show Significant Growth During Forecast Period

Figure 6. Europe: PEST Analysis

Figure 7. Expert Opinion

Figure 8. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market Impact Analysis of Drivers and Restraints

Figure 9. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue Forecast and Analysis

Figure 10. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Diagnosis 2020 & 2028 (%)

Figure 11. Europe Breath Testing: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 12. Europe 14C Xylose Breath Test: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 13. Europe Hydrogen and Methane Breath Tests: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 14. Europe 14C Glycocholic Acid Breath: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 15. Europe Malabsorption Tests: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 16. Europe Small Intestine Aspirate and Fluid Culture Test: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 17. Europe Blood Test: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 18. Europe Others: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 19. Europe Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Type 2020 & 2028 (%)

Figure 20. Europe Hydrogen-predominant SIBO: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 21. Europe Methane-predominant SIBO: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 22. Europe Recurrent SIBO: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 23. Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Key Country – Revenue (2020) (USD Thousand)

Figure 24. Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market, by Country, 2020 & 2028 (%)

Figure 25. Germany: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

Figure 26. UK: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

Figure 27. France: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

Figure 28. Italy: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

Figure 29. Spain: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

Figure 30. Rest of Europe: Small Intestinal Bacterial Overgrowth (SIBO) Diagnostics Market – Revenue and Forecast to 2028 (USD Thousand)

Figure 31. Impact of COVID-19 Pandemic in European Country Markets

Some of the leading companies are:

  1. Aerodiagnostics, LLC.
  2. Commonwealth Diagnostics International
  3. Genova Diagnostics
  4. SIBOTest
  5. The Functional Gut Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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