PUBLISHER: Orion Market Research | PRODUCT CODE: 1078026
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078026
Global Peptic Ulcer Testing Market Size, Share & Trends Analysis Report by Diagnostic tests (Endoscopy, Upper Gastrointestinal Series, and Laboratory Tests), and by End-User (Hospitals, Laboratories, and Others) Forecast Period (2022-2028)
The global peptic ulcer testing market is anticipated to grow at a significant CAGR of 5.9% during the forecast period.The rising prevalence of gastric ulcers, the increasing elderly population, and the growing adoption of non-invasive testing is a major factors which is propelling the growth of the market. In developing countries, the prevalence of the infection is highest owing to socioeconomic status and levels of hygiene.However, a lack of awareness regarding Helicobacter pylori testing and treatment in low as well as some middle-income economies can impede the market expansion during the forecast period. Unawareness will impact the number of tests in diagnostic facilities, thereby negatively affecting the product acceptance rate. This can be further credited to the limited number of research and informative studies on H. pylori infection and its effects on health.
The global peptic ulcer testing market is segmented based on diagnostic tests and end-users. Based ona diagnostic test, the peptic ulcer testing market is segmented into endoscopy, upper gastrointestinal series, and laboratory tests.Based on end-users, the market has been segmented into hospitals, laboratories, and others. Based on end-user, the hospital segment holds a prominent share in the global peptic ulcer testing market. For instance,in December 2019, Inspirata, US-based cancer informatics, and digital pathology provider partnered with DeePathology on Artificial Intelligence (AI)-based Helicobacter Pylori (H Pylori) pathology testing.
Geographically, the global peptic ulcer testing market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is anticipated to be the fastest-growing region in the peptic ulcer testing market owing to the
The major companies serving the global peptic ulcer testing market include Becton Dickinson Company, Quidel corp., Bio-Rad Laboratories, Beckman Coulter Inc., and Kibion AB, among others. The companies are focusing on product innovations, expansions, mergers & acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, in November 2019, RedHill Biopharma received the U.S. FDA approval for Talicia, treatment for Helicobacter pylori (H. pylori) infection in adults, regardless of ulcer status.
Research Methodology
The market study of the globalpeptic ulcer testingmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR.Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Medical Devices