The global endocrine testing market size is projected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising endocrine disorders such as adrenal insufficiency and hyperthyroidism.
Endocrine systems consist of several glands that produce secrete hormones circulating in the human body. These hormones regulate several body functions such as growth and development, homeostasis, metabolism, stimulus response, and reproduction. Pituitary gland, pancreas, thyroid, hypothalamus, and adrenal glands are parts of the endocrine system. Secretion of hormones in these glands are used for various biochemical processes in the human body.
The endocrine test is primarily conducted to determine the concentrations of endocrine hormones in the human body such as insulin, estradiol, cortisol DHEA-S, testosterone, luteinizing, follicle stimulating hormone, human chorionic gonadotropin, and progesterone. The symptoms of an endocrine disorder vary and depends on particular gland while some common symptoms can be feeling lethargic, weak, or fatigued.
Technological advancements such as launch of easy-to-operate test kits have enabled the penetration of home-based diagnosis, which are cost effective and user friendly. Furthermore, aging population is the target of the market because of rising susceptibility to chronic diseases and huge risk of complications at the elder age that requires continuous health monitoring.
The report on the global endocrine testing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Endocrine Testing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Test Types (Estradiol Test, Follicle Stimulating Hormone Test, Human Chorionic Gonadotropin Hormone Test, Luteinizing Hormone Test, Dehydroepiandrosterone Sulfate Test, Progesterone Test, Testosterone Test, Thyroid Stimulating Hormone Test, Prolactin Test, Cortisol Test, Insulin Test, and Others), Technology (Tandem Mass Spectrometry, Immunoassay Technology, Monoclonal & Polyclonal Antibody Technology, Sensor Technology, Clinical Chemistry Technology, and Others), and End-users (Hospital, Commercial Laboratory, Ambulatory Care Centers, and Others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Abbott Laboratories, AB Sciex, Agilent Technologies, Biomedical Technologies, bioMerieux SA, Bio Rad Laboratories, DiaSorin, Hoffmann-La Roche, LabCorp, and Quest Diagnostics |
Thyroid stimulating hormone test segment to account for a key share
Based on test types, the global endocrine testing market is divided into estradiol test (E2), follicle stimulating hormone test (FSH), human chorionic gonadotropin hormone test (hCG), luteinizing hormone test (LH), dehydroepiandrosterone sulfate test (DHEAS), progesterone test, testosterone test, thyroid stimulating hormone test (TSH), prolactin test, cortisol test, insulin test, and others. The TSH test segment held a large market share in 2020 and is expected to account for a key revenue share in the coming years owing to rising disorders related to TSH and increasing awareness for relation between different levels of thyroid hormones cardiovascular disorders. However, the insulin test segment is expected to register a rapid growth rate during the forecast period. Growing number of the diabetic population and increasing awareness of several diagnosis are projected to increase demand for insulin tests. This is projected to boost the segment during the forecast period.
Sensor segment is expected to grow at a rapid pace
In terms of technology, the market is segmented into tandem mass spectrometry, immunoassay technology, monoclonal & polyclonal antibody technology, sensor technology, clinical chemistry technology and others. The tandem mass spectrometry is projected to expand at a substantial CAGR during the forecast period. The segment growth is attributed to increasing use of liquid chromatography combining with tandem mass spectrometry that aid to overcome challenges related to traditional techniques used in the testing. On the other hand, the sensor segment is projected to grow at a rapid pace as compared to all other segments because of increasing use of biosensors for diabetes in glucose monitoring, which is primarily used by patients to check their blood sugar level on a daily basis.
Hospital segment to hold a large market share
On the basis of end-users, the global endocrine testing market is divided into hospital, commercial laboratory, ambulatory care centers, and others. The hospital segment is anticipated to hold a large market share during the forecast period owing to wide availability of skilled professionals and advanced infrastructure in hospitals. Moreover, high adoption of innovative testing devices in hospitals as compared to others such as clinics act as a key driver for the segment growth.
Asia Pacific region to register a high CAGR
Based on regions, the global endocrine testing market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period owing to well-establishment of the primary, secondary, and tertiary care hospitals along with increasing awareness about use of advanced technologies among people.
The market of Asia-Pacific, however, is expected to exhibit a rapid growth rate in the coming years owing to key factors such as increasing expenditure on R&D by private agencies and government for improving diagnosis in the region. Constructive government initiatives for reimbursement policies and healthcare infrastructure in emerging economies such as China, India, and Japan are projected to drive the regional market growth.
Some of the key players competing in the global endocrine testing market include Abbott Laboratories, AB Sciex, Agilent Technologies, Biomedical Technologies, bioMerieux SA, Bio Rad Laboratories, DiaSorin, Hoffmann-La Roche Ltd., LabCorp, and Quest Diagnostics.
Many players are concentrating on strategic initiatives such as mergers and acquisitions, co-development deals, product launches and development, and licensing partnerships to increase their products portfolio. Moreover, these competitors are focusing on strategies such as introducing technological advanced products and collaboration to sustain in the competition.
Some of the key players competing in the global endocrine testing market include Abbott Laboratories, AB Sciex, Agilent Technologies, Biomedical Technologies, bioMerieux SA, Bio Rad Laboratories, DiaSorin, Hoffmann-La Roche Ltd., LabCorp, and Quest Diagnostics.
Many players are concentrating on strategic initiatives such as mergers and acquisitions, co-development deals, product launches and development, and licensing partnerships to increase their products portfolio. Moreover, these competitors are focusing on strategies such as introducing technological advanced products and collaboration to sustain in the competition.
Some other reports from this category!