The global endocrine testing market is expected to reach USD
13.02 billion by 2024, according to a new report by Grand View Research, Inc.
Increasing geriatric population and growing rate of diseases such as obesity
and diabetes is expected to drive the market growth.
The presence of a large population
over 60 years, having lower immunity levels and are prone to neurological
diseases, cardiac problems, cancers, and spinal injuries, is a high
impact-rendering driver for the growth of endocrine testing market over the
forecast period.
Sedentary lifestyles of people with
unhealthy food habits and increasing stress levels resulted in an increase in
the diabetic and obese population. This demographic is highly susceptible to
endocrine diseases and is anticipated to contribute to industry growth
substantially.
Technological advancements in terms of
accuracy and affordability resulted in an increased usage of these tests. For
instance, the influx of test kits, for home-based testing has fostered the
demand for these techniques, helping the market to grow. Advancement in
technology ensures diagnosis in less time and faster initiation of treatment.
Software have been designed to manage
the workflow in the laboratories. Newer mobile apps have been introduced
wherein a patient can be reminded about his appointment or test, and he will be
able to contact physician whenever he wants. These advancements in technology
is anticipated to propel the market growth over the forecast period.
Browse full research report on Endocrine Testing Market: https://www.grandviewresearch.com/industry-analysis/endocrine-testing-market
Further key findings from the report suggest:
- The global thyroid stimulating hormone testing market is
anticipated to reach 3.6 billion by 2024, at a CAGR of 10.2% from 2016 to
2024
- In terms of test type, insulin test is expected to show the
fastest growth over the forecast period
- In terms of technology, Tandem Mass Spectrometry (TMS) held
the largest share in 2016 and is expected to dominate the market during
the forecast period
- In terms of technology, sensor technology is expected to show
the fastest growth during the forecast period
- North America is expected to dominate the market followed by
Europe and Asia Pacific region
- Asia Pacific is projected to drive the market growth and
provide numerous opportunities to industry players. Key factors attributed
to market growth include growing R&D expenditure by the government and
private agencies in order to improve diagnostic and therapeutic areas in
the region
- Some of the key companies present in the market include
Abbott Laboratories, AB Sciex, Agilent Technologies, Biomedical
Technologies, bioMerieux SA, Bio Rad Laboratories, DiaSorin, Hoffmann-La
Roche Ltd., LabCorp, and Quest Diagnostics.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/endocrine-testing-market/request/rs1
Grand View Research has segmented the global endocrine testing
market report on the basis of test type, technology, end use, and region:
Test Type Outlook (Revenue, USD Million, 2013 - 2024)
- Estradiol
- FSH
- hCG
- LH
- DHEAS
- Progesterone
- Testosterone
- TSH
- Prolactin
- Cortisol
- Insulin
- Others
Technology Outlook (Revenue, USD Million, 2013 - 2024)
- Tandem
Mass Spectrometry
- Immunoassay
- Monoclonal
& Polyclonal antibody technologies
- Sensor
technology
- Clinical
chemistry
- Others
End Use Outlook (Revenue, USD Million, 2013 - 2024)
- Hospital
- Commercial
Laboratory
- Ambulatory
Care Centers
- Others
Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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