Helicobacter Pylori Diagnostics Market Expansion: Anticipated To Reach USD 926.8 Million By 2032

(MENAFN- EIN Presswire) PORTLAND, OREGON, UNITED STATES, June 14, 2024 /EINPresswire / -- According to the report, the global Helicobacter pylori diagnostics industry generated $552.7 million in 2022, and is anticipated to generate $926.8 million by 2032, witnessing a CAGR of 5.3% from 2023 to 2032.

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Prime Determinants of Growth:

The global Helicobacter pylori diagnostics market is experiencing growth due to several factors, including the rise in prevalence of infectious diseases, an increase in demand for non-invasive diagnostic procedures, and the development of new and improved testing methods. However, the lack of awareness and shortage of skilled professionals restrict market growth. Moreover, the rise in demand for point-of-care H. pylori testing presents new opportunities in the coming years.

Key Takeaways:

The non-invasive test segment to maintain its leadership status throughout the forecast period:

The laboratory based test segment to dominate in terms of revenue during the forecast period:

The diagnostic laboratories segment to maintain its lead position during the forecast period:

North America to maintain its dominance by 2032

Major Factors Driving the Growth of Helicobacter Pylori Diagnostics Market:

Global Burden: H. pylori infection remains prevalent worldwide, affecting about 50% of the global population, particularly in developing countries where sanitary conditions are suboptimal.

Associated Diseases: H. pylori is a significant cause of gastritis, peptic ulcers, and is linked to gastric cancer. Increased awareness of these associations is driving the demand for diagnostics.

Non-invasive Tests: Developments in non-invasive diagnostic methods like urea breath tests, stool antigen tests, and serology have made testing more patient-friendly, boosting market growth.

Molecular Diagnostics: The adoption of PCR and other molecular techniques for detecting H. pylori has enhanced accuracy and sensitivity, supporting market expansion.

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Market Segments::

By Test Type:
Non-Invasive Test
Invasive Test

By Method:
Laboratory Based Test
Point of Care Test

By End User:
Diagnostics Laboratories
Others
Hospitals

By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Key players in the industry-

Thermo Fisher Scientific Inc.
Meridian Bioscience, Inc.
Bio-Rad Laboratories, Inc.
Abbott Laboratories
F. Hoffmann-La Roche Ltd.
Cardinal Health Inc.
Avanos Medical, Inc.
Gulf Coast Scientific
Quidel Corporation
Biohit Oyj

CUSTOMIZATION OPTIONS:

Distributor Landscape Assessment
Pricing Intelligence
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players

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About Allied Market Research:

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