Faecal Extraction System Market Size

Faecal Extraction System Market size was over USD 1.71 billion in 2023 and is anticipated to reach USD 2.74 billion by 2036, witnessing around 3.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of faecal extraction system is estimated at USD 1.76 billion. Faecal extraction system is a device used to collect stool sample of the patient in order to diagnose an infection. Various diseases, such as, inflammatory bowel disease, parasitic infection, and malabsorption syndrome are diagnosed with the help of faecal extraction systems. The growth of the market can be attributed to the increasing demand for timely diagnosis amongst patients, backed by the growing health awareness amongst people. Moreover, with the advancement in the medical technologies, doctors opt for extensive tests and diagnosis to better understand the diseases and disorders of their patients. All these factors are estimated to boost the market growth. In addition to this, the growing disposable income of people, coupled with the higher per capita health expenditure in the recent years, are anticipated to encourage the market growth. As per the data by the World Bank, the global per capita health expenditure amounted to USD 1121.796 in 2019, up from USD 874.497 in 2009.