A prominent research firm, Cognizance Market Research added a cutting-edge industry report on the “Global Gastrointestinal Testing Panels Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.
Global Gastrointestinal Testing Panels Market Analysis
According to cognizance market research, the global gastrointestinal testing panels market was valued at US$ 54.9 Million in 2022 and is anticipated to reach US$ 79.8 Million by the end of 2030 with a CAGR of 4.8% from 2023 to 2030.
What are Gastrointestinal Testing Panels?
A complete panel created to identify the most common gastrointestinal illnesses using a molecular method is referred to as a gastrointestinal testing panel. A gastrointestinal testing panel provides fast and precise findings that the doctor can examine and make a prognosis based on the condition and its intensity.
Adenovirus, Campylobacter jejuni, Campylobacter upsaliensis, Campylobacter coli, and Clostridioides difficile are among the bacteria that can be found using gastrointestinal diagnostic kits. Salmonella spp., Norovirus GI, Norovirus GII, Enteroinvasive Escherichia coli, Enteroaggregative Escherichia coli, Enterotoxigenic Escherichia coli, Enterohemorrhagic Escherichia coli, Yersinia enterocolitica, Escherichia coli, and Endogenous Control are among the pathogens that can cause illness.
The panels may find co-infections and detect the existence of microbes that a medical professional might not otherwise notice (more than one cause for the infection). This enables earlier and more precise therapy (if necessary). It’s possible for test results to be accessible in a short while. Due to the GI panels’ recent development, laboratories and healthcare practitioners are still figuring out the best ways to use them to deliver the best patient outcomes at the lowest possible expense. If a microbe is not detected by the panel or if there is a suspect of a microbe other than those listed in the GI panel, additional tests, such as stool culture and O&P, may be conducted.
The efficacy of therapy is not checked with GI tests. Instead of using a GI panel to assess whether therapy has successfully treated the infection, a test that is particular for the microbe(s) causing the infection would be used once they have been found. For instance, this might be done if a foodborne disease epidemic is occurring. Follow-up testing would be given to food workers to make sure they are no longer shedding the virus and won’t transmit it to others.
Global Gastrointestinal Testing Panels Market Outlook
In the Gastrointestinal testing panels report, the market outlook segment mainly includes important dynamics of the market which include drivers, restraints, opportunities and challenges tackled by the industry. Opportunities and challenges are extrinsic factors whereas, drivers and restraints are intrinsic factors of the market.
Growth in the market is driven by rising elderly population and rising instances of gastrointestinal problems as well as growing demand for gastrointestinal testing panels. Due to rising health consciousness, the market for gastrointestinal testing panels is anticipated to expand steadily after the coronavirus breakdown. The market for gastrointestinal testing panels is significantly fueled by the increasing incidence of gastrointestinal diseases in these regions. Growing rates of gastrointestinal diseases are largely due to unhealthy eating practices, an active lifestyle, disturbed sleep patterns, and excessive stress. The main reasons for an increase in diarrheal disease instances in some developing nations are a lack of adequate healthcare services and unhygienic behaviour. In addition to diarrhea, patients also experience abdominal discomfort and vomiting as signs.
One of the key driving forces behind the expansion of the market for gastrointestinal testing panels is the growing elderly population. These individuals are much more likely to acquire inflammatory bowel conditions like Crohn’s disease, ulcerative colitis, IBS, etc. Inflammatory bowel disorders are very prevalent in the elderly community. Due to decreased gut stem cell regeneration and decreased gastric fluid output in older individuals, this has occurred.
The demand for gastrointestinal testing panels is anticipated to increase over the projection period as a result of developments in the pharmaceutical and healthcare sectors, growing healthcare costs, and an ageing population. Market expansion in the healthcare sector is supported by favourable payment policies. Regular GI testing arrays are required due to the rising frequency of gastrointestinal problems and digestive diseases. To meet the demand from the healthcare sector, manufacturers in the market for gastrointestinal diagnostic strips are producing more of these instruments. Market participants are launching cutting-edge goods to meet the rising demand from hospitals, diagnostic labs, etc., in an effort to improve peoples’ general well-being.
The global gastrointestinal testing panels market has been segmented into pathogen type, type, end-user and geography.
On the basis of pathogen type, the gastrointestinal testing panels market has been segmented into viruses, bacteria and parasite.
On the basis of type, the market for gastrointestinal testing panels has been further classified into syndromic full, multiplex panel and low plex panel.
On the basis of end-user, the gastrointestinal testing panels market has been segmented into hospitals, diagnostic, laboratories, point-of-care and others.
Based on geography the global gastrointestinal testing panels have been segmented into five main regions namely, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Europe and Middle East Africa dominate the gastrointestinal testing panels market. Rises in the prevalence and incidence of gastrointestinal diseases like gastroesophageal reflux disease, irritable bowel syndrome, and inflammatory bowel diseases (Crohn’s disease, ulcerative colitis), as well as an increase in the geriatric population, are all factors contributing to the growth of the gastrointestinal testing panels market in Europe, the Middle East, and Africa.
The geriatric community, defined as those 65 and older, has grown considerably over the past few years, and by 2050, it is expected to make up more than 16.7% of the world’s population, according to the U.S. Census Bureau. The prevalence of gastrointestinal diseases is high in the aged, and approximately 65% of this group suffers from various gastrointestinal problems.
The report offers the revenue of the global gastrointestinal testing panels market for the period 2020-2030, considering 2020 & 2021 as a historical years, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global gastrointestinal testing panels market for the forecast period. The global gastrointestinal testing panels market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the global gastrointestinal testing panels market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the gastrointestinal testing panels market.
The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the gastrointestinal testing panels market. Secondary research involved a detailed analysis of significant players’ product portfolios. Literature reviews, press releases, annual reports, white papers, and relevant documents have been also studied to understand the gastrointestinal testing panels market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.
The report includes an executive summary, along with a growth pattern of different segments included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the gastrointestinal testing panels market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the gastrointestinal testing panels market. The subsequent section of the gastrointestinal testing panels report highlights the USPs, which include key industry events (product launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenarios.
Gastrointestinal Testing Panels Market Competitive Landscape
The “Global Gastrointestinal Testing Panels Market” study report will provide valuable insight with an emphasis on the global market. Some of the major players competing in the market are:
The report explores the competitive scenario of the gastrointestinal testing panels market. Major players operating in the global gastrointestinal testing panels have been identified and profiled for unique commercial attributes. Company overview (company description, Type portfolio, geographic presence, employee strength, Key management, etc.), financials, SWOT analysis, recent developments, and key strategies are some of the features of companies profiled in the gastrointestinal testing panels market report.
Global Gastrointestinal Testing Panels Market, by Pathogen Type
Global Gastrointestinal Testing Panels Market, by Type
Global Gastrointestinal Testing Panels Market, by End-User
Global Gastrointestinal Testing Panels Market, by Region
The major players operating in the gastrointestinal testing panels market are Becton, Dickinson and Company (BD), bioMérieux SA, DiaSorin S.p.A (Luminex), Quidel Corporation, QIAGEN, Seegene, Inc., Savyon Diagnostics, CerTest Biotech S.L., Anatolia Geneworks.
Advancements in healthcare and pharmaceutical industries, increasing healthcare expenditure, and rising geriatric population are some of the opportunities for gastrointestinal testing panels market.
Europe and Middle East Africa are the leading regions in the gastrointestinal testing panels market.
The gastrointestinal testing panels market is driven by increasing healthcare expenditure, rising geriatric population and advancement in the healthcare and pharmaceutical industries.
Based on end-use, the gastrointestinal testing panels market has been segmented into hospitals, diagnostic laboratories, point-of-care and others.
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