Wilmington, Delaware, United States, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The value of the global endocrine testing market stood at US$ 5.5 Bn in 2018. The global market study on endocrine testing expects the market to rise at a CAGR of 6.4% during the forecast period, from 2019 to 2027. The global market for endocrine testing is expected to expand faster as metabolic and endocrine problems become more common. The market is also anticipated to develop as diabetes prevalence rise across the globe.
Endocrine glands, which are a component of the endocrine system, produce hormones right into the bloodstream. Testing is done to check the levels of endocrine hormones in biological samples, including luteinizing hormone, follicle stimulating hormone, insulin, estradiol, and many others. These tests assist identify deviations in hormone secretion, such as hypersecretion or hyposecretion, which can lead to endocrine illnesses such as menopause, infertility, thyroid dysfunction, and various other conditions. Ongoing trends of the endocrine testing market
Endocrine testing has increased as a result of a number of illnesses, including various forms of diabetes and PCOS and it is also expected to present positive endocrine testing market outlook. For instance, a study reported in Current Diabetes Reports found a substantial increase in the incidence of PCOS and diabetes. Therefore, the rise in endocrine and metabolic diseases is a major driver that is predicted to fuel the expansion of the global endocrine testing market in the years to come.
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Key Findings of Market Report
- The prevalence and severity of diabetes are increasing as a result of sedentary lifestyles and poor diets. A study found that there were 463 million people living with diabetes worldwide in 2019 and that number is expected to rise to 578 million by 2030, based on an article that appeared in Diabetes Research and Clinical Practice. The demand for innovative testing techniques that produce quick responses is rising as a result. Endocrine testing market revenue analysis observe that major companies are spending on R&D operations to design and develop solutions utilizing new technologies to meet these needs. This factor is expected to come up as one of the ongoing trends of the endocrine testing markets.
- The constant increase in the number of elderly people throughout the world has a direct impact on the development of endocrine testing techniques and solutions. This is due to the fact that this group is particularly vulnerable to a variety of health issues and demands efficient disease management on a global scale. One risk factor for thyroid problems, hernia, as well as other hormone abnormalities is old age and it is expected to present promising growth opportunities to the companies in the endocrine testing market.
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Global Endocrine Testing Market: Key Players
Some of the key market players are
- Thermo Fisher Scientific
- F-Hoffmann La Roche Ltd
- Beckman Coulter Inc.
- Bio-Rad Laboratories, Inc.
- Agilent Technologies, Inc.
- bioMérieux SA
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Global Endocrine Testing Market: Segmentation
Test Type
- Estradiol (E2) Test
- Follicle Stimulating Hormone (FSH) Test
- Human Chorionic Gonadotropin (hCG) Test
- Luteinizing Hormone (LH) Test
- Dehydroepiandrosterone sulfate (DHEAS) Test
- Progesterone Test
- Testosterone Test
- Thyroid Stimulating Hormone (TSH) Test
- Prolactin Test
- Cortisol Test
- Insulin Test
- Others
Diagnostic Technologies
- Tandem Mass Spectrometry
- Immunoassay technologies
- Monoclonal and Polyclonal Antibody Technologies
- Sensor Technologies
- Clinical Chemistry Technologies
End User
- Commercial Laboratories
- Ambulatory Care Centers
- Home Based tests
- Physician Offices
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