Global Helicobacter Pylori (H. pylori) Non-invasive Testing Market is anticipated to grow at a single digit CAGR from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Global Helicobacter Pylori (H. pylori) Non-invasive Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the helicobacter pylori (H. pylori) non-invasive testing market was estimated to be over US$ 500 Mn in 2018. It is anticipated to grow at a single digit CAGR from 2019 to 2030.
High prevalence rates of helicobacter pylori (H. pylori) globally are expected to fuel the helicobacter pylori (H. pylori) non-invasive testing market during the forecast period. High prevalence rates in turn spur the usage of testing of this bacteria. The helicobacter pylori bacteria grows in the digestive tract and globally is estimated to infect over 50% of the population. In certain countries, the prevalence is estimated to be higher than 80%. In the year 1994, the world health organizations, International Agency for Research on Cancer classified H. pylori as a Class 1 Carcinogen. Low diagnosis rates of helicobacter pylori bacteria are expected to hamper the growth of this market. The diagnosis rates are low as the infection of H. pylori is largely asymptomatic. The infected person does not manifest any marked symptoms.
High Prevalence Rates of Helicobacter Pylori (H. pylori)
According to research studies around the world, it is estimated that over half of the world’s population is infected with the helicobacter pylori bacteria. This bacteria is one of the rare microorganisms that is known to colonize the human intestine and persist for decades. This infection is largely asymptomatic and hence in spite of high prevalence rates is often not detected. Chronic infection with H. pylori bacteria is one of the leading cause of peptic ulcers and of gastric cancer in 1-2% of infected individuals. H. pylori is seldom spontaneously eradicated. Developing countries reflect a greater prevalence percentage of H. pylori. Lack of sanitation, inadequate supply of potable water, poor food hygiene, scanty personal hygiene, and overcrowding are some of the vital factors attributed to the spread of H. pylori infections. These are some of the pivotal factors that are expected to propel the growth of the helicobacter pylori (H. pylori) non-invasive testing market.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Global Helicobacter Pylori (H. pylori) Non-invasive Testing Market by Test Type (Serology Test, Stool Antigen Test (SAT), Urea Breath Test (UBT)), Test Method (Laboratory based Tests and Point-of-Care Tests), End User (Hospitals, Clinics, Diagnostic Laboratories) - Global Analysis & Forecast 2019-2030. in detail along with the table of contents: https://www.marketindustryreports.com/global-helicobacter-pylori-non-invasive-testing-market/73
Non Invasive Nature of the Tests
There is a growing patient population who are looking out for non-invasive testing options, to detect H. pylori infections. Noninvasive tests cause less discomfort the patients as they are not invasive and are user friendly. They do not require the presence of trained professionals to conduct the test. They have easy to follow instructions, for conducting the test, which is easy even for a layman to follow. These factors are expected to further boost the growth of the helicobacter pylori (H. pylori) non-invasive testing market.
Low Diagnosis Rates
Although more than half the world’s population is infected by the helicobacter pylori infection the diagnosis rates remain low globally. One of the main reasons for low diagnosis rates is the fact that this infection is largely asymptomatic. Hence in spite of having high prevalence rates, since no specific symptoms are displayed, the patient has no complaints and does not go to get diagnosed, resulting in low diagnosis rate. Low diagnosis rates coupled with stringent regulatory scenario is expected to impede the growth of the helicobacter pylori (H. pylori) non-invasive testing market.
Swift Growth in the Asia Pacific Region
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population that results in overcrowding, poor personal hygiene, dearth of adequate potable water supply, inadequate sanitation and poor food hygiene, are some of the pivotal factors fuelling the growth of the helicobacter pylori noninvasive testing market in this region. North America is expected to hold a substantial market share, followed by Europe in the forecast period. Rising awareness amongst the patient population and availability of noninvasive testing options is expected to fuel the growth of the market in these regions.
Major Players in the Helicobacter Pylori (H. pylori) Non-invasive Testing Market
The prominent players in the global helicobacter pylori (H. pylori) non-invasive testing market are Meridian Bioscience, Inc., DiaSorin S.p.A., Exalenz Bioscience Ltd., Thermo Fisher Scientific, Alere, Certest Biotec S.L, Sekisui Diagnostics, Biomerica, Inc, CorisBioconcept SPRL, and Shenzhen Zhonghe Headway Bio-Sci & Tech Co., Ltd. Among others.
Market Industry Reports is a global leader in market measurement and advisory services. It is 100% subsidiary of Maniks Systems Pvt Ltd. The firm has always been at the forefront of innovation to address the worldwide industry trends and opportunities.
We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates the consumer study in more than 100 countries that provide a tactical approach to drive the sustained growth for the business. We continue to pioneer state-of the art approach in research & analysis that makes complex world simpler to stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence we bring proficient contingency to our clients in the evolving world of technologies, megatrends and industry convergence. We empower and inspire Vanguards to fuel and shape their business to build and grow world-class consumer products.