Helicobacter Pylori Test Market – Global Industry Key Trends, Competitive Scenario, Current and Future Players
Research Reports
Jan 18, 2021
Over recent years, the burden of the infection across the world is growing continually. Fortunately, there are novel diagnostic tests available to detect the infection. These tests are called H. Pylori (Helicobacter Pylori) Tests. Rising prevalence of H. pylori infection and the growing adoption of these tests for its diagnosis are major growth drivers of the market. Helicobacter pylori are a stomach infection mostly affecting the upper part of the small intestine (duodenum).
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Pylori (Helicobacter Pylori) Test Market – Segments
The report is segmented into four dynamics;
By Test Type : Non-Endoscopic and Endoscopic.
By Technology : Immunoassays, Point-of-Care (POC), Molecular Diagnostics, and others.
By End-User : Hospitals & Clinics, Diagnostics Laboratories, and others.
By Regions : Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Moreover, easy availability of these diagnostic tests, improving economic conditions, increasing per capita healthcare expenses and rapidly growing healthcare sectors worldwide escalate the growth of the market to furthered height. According to Market Research Future (MRFR), the global H. Pylori Test market is projected to create a valuation of USD 2,924.2 MN by 2025, growing at 5.2% CAGR during the forecast period (2019 and 2025).
Helicobacter Pylori Test Market – Regional Analysis
North America dominates the global H. Pylori test market. The largest market share attributes well-developed healthcare sectors and a huge patient population. Besides, the rising numbers of diagnostic companies in the region impact the growth of helicobacter pylori market in North America. Additionally, increasing numbers of clinical researches led by funding from the public & private organizations are fostering the H. Pylori test market in the region.
Europe stands second in the global Helicobacter Pylori Test market. Market growth is driven by the availability of funds for research and a vast patient population. Among the two major European segments, Western Europe is leading the H. Pylori Test market, while Eastern Europe is the fastest-growing market in the region.
The Asia pacific helicobacter pylori test market is growing rapidly. Factors such as increasing advances in medical technologies and the fast-growing healthcare sector in the region are propelling the growth of the market. Also, growing government support for R&D boosts the growth H. Pylori Test market in the region. Besides, the continually rising population and poor sanitation conditions, alongside the rising burden of the H. pylori infection in the region, drive the market growth.
Highly populated countries such as China and India, with the availability of low-cost diagnostic tests, contribute to the regional market growth majorly. The APAC H. Pylori Test market is projected to demonstrate a lucrative market growth throughout the forecast period.
Helicobacter Pylori Test Market – Competitive Analysis
Highly competitive, the H. Pylori Test market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, these players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and product launch. Players invest substantially in R&D and clinical trials to develop tests that can give an accurate diagnosis of the infection. And clinical trials to develop tests that can give an accurate diagnosis of the infection.
Major Players:
Key players leading the global H. Pylori Test market include Thermo Fisher Scientific Inc. (US), Bio-Rad Laboratories, Inc. (US), Hoffmann-La Roche Ltd (Switzerland), Quest Diagnostics Incorporated (US), Meridian Bioscience (US), CorisBioconcept SPRL (Belgium), Cardinal Health (US), QIAGEN (Germany), Abbott Laboratories (US), and Biohit Oyj (Finland), among others.
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