Helicobacter Pylori Testing Market to witness major growth in coming years
Category: #business  By Rahul Varpe  Date: 2020-01-14
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Helicobacter Pylori Testing Market to witness major growth in coming years

Rising prevalence of H. pylori infections along with technological advancements in H. pylori infection testing will drive helicobacter pylori testing market outlook. Recent innovations to enhance product accuracy and convenience are leading toward greater consumer satisfaction which will continue supporting the market expansion. According to a research report by Global Market Insights, Inc., helicobacter pylori testing market size is projected to surpass USD 560 million by 2025.

H. Pylori is a bacterial infection commonly found in patients suffering from gastric and duodenal ulcers. About 50%-80% of patients suffering with gastric ulcers along with 90% of patients with duodenal ulcers are susceptible to getting infected by the pylori bacterium. Thereby, increasing prevalence of symptomatic stomach ulcers will lead toward growing demand for cost effective diagnostics further augmenting helicobacter pylori testing market growth in the forthcoming years.

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Shifting trends toward non-invasive diagnostic methods is likely to accelerate helicobacter pylori testing market trends. H. pylori is a very common type of stomach infection and is predicted to be found in almost half of the world’s population. Most people fail to realize the infection as they do not depict any symptoms and do not get sick. In the event that a subject develops signs and symptoms of peptic ulcer, an H. pylori test is duly recommended by the doctor.

Increasing prevalence of H. pylori infection coupled with the need for early detection of disorders such as peptic ulcer, gastric cancer will foster product demand. Rising adoption of cost effective medical services along with increasing number of firms offering innovative H. pylori testing solutions will further foster product penetration in the near future. However, narrow competition among market players may hinder the industry growth owing to constant pressure for offering competitive pricing.
Based on non-invasive test segmentation, stool antigen test is predicted to achieve new heights in the helicobacter pylori testing market during the forecast period. The segmental growth will be driven by technological advancements in the development of stool antigen diagnosis kits. As being non-invasive the test offers several benefits of affordability and convenience which should urge people to get diagnosed.

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Considering the end-use segment, helicobacter pylori testing market is classified into hospitals, clinics, and diagnostic laboratories. The diagnostics laboratory segment is anticipated to dominate the overall market share owing to the presence of well-established labs across both the developing and developed nations. In 2018, the diagnostic laboratories segment accounted for a majority of the market share. Rising inclination toward these sophisticated labs along with satisfactory track record of these diagnostics establishments will further augment the segmental share.

The U.S accounts for a substantial proportion of global H. Pylori infections as about 20% of the population under 30 and 50% of the population over 60 get infected with H. pylori, which leads toward serious sub-clinical infections. Increased spending of medical services as well as the existence of a highly sophisticated healthcare infrastructure will drive the U.S helicobacter pylori testing market share.

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The Europe helicobacter pylori testing market has been witnessing significant traction from the government initiatives focusing on eradicating H. pylori bacteria, aiming to reduce the risk of gastric cancer. The easy availability of test kits will continue supporting the regional growth in the coming years.

Moreover, Europe enjoys the presence of notable market players that have been inking strategic alliances to enhance their product manufacturing aspects. Aided by the high technology penetration region, Europe is likely to emerge as one of the major revenue pockets for this industry during the forecast timeframe.

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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