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Global Endocrine Testing Market

March 16, 2018

Global Endocrine Testing Market, By Test Type (Follicle stimulating hormone (FSH), Human Chorionic Gonadotropin (hCG), Thyroid Stimulating Hormone (TSH), Dehydroepiandrosterone sulfate (DHEAS), Progesterone, Prolactin, Cortisol, Testosterone, Estradiol(E2), Luteinizing Hormone (LH), Insulin, and Others), By Technology (Immunoassay, Clinical Chemistry, Tandem Mass Spectroscopy, Monoclonal & Polyclonal antibody technologies, Sensor technology, and Others), By End-User (Hospital Laboratories, Diagnostics Laboratories, and Others), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR203      
Pages :262 Pages
Format :   PPT Format   PDF Format

The global endocrine testing market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Endocrine testing is generally performed to measure the levels of various hormones in body; to ensure the performance of endocrine gland; to detect problem associated with the endocrine hormone; and other hormone related issues. There are different types of endocrine hormone testing kits such as enzyme immunoassay (EIA) and radioimmunoassay (RIA) IVD test kits, fertility test kits, thyroid test kits, neonatal test kits, and others available in the market.

GLOBAL ENDOCRINE TESTING MARKET SYNOPSIS

 

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

 

Base Year

2019

 

Forecast Period

2020-2025

 

Market Segmentation (By Test Type)

Follicle stimulating hormone (FSH), Human Chorionic Gonadotropin (hCG), Thyroid Stimulating Hormone (TSH), Dehydroepiandrosterone sulfate (DHEAS), Progesterone, Prolactin, Cortisol, Testosterone, Estradiol(E2), Luteinizing Hormone (LH), Insulin, and Others

 

Market Segmentation (By Technology)

Immunoassay, Clinical Chemistry, Tandem Mass Spectroscopy, Monoclonal & Polyclonal antibody technologies, Sensor technology, and Others

 

Market Segmentation (By End-User)

Hospital Laboratories, Diagnostics Laboratories, and Others

 

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

 

Key Players Coverage

Abbott Laboratories, Becton, Dickinson and Company, Bio-Rad Laboratories, Danaher Corporation, Biomérieux SA, AB Sciex, Roche Diagnostics, Thermo Fisher Scientific, Agilent Technologies, Quest Diagnostics, Inc., DiaSorin S.p.A., Hologic, Inc., among others

 

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

 

         

Market Dynamics

The endocrine testing market is expected to show significant growth, owing to the increasing prevalence of endocrinal disorders such as diabetes, hypo/hyperthyroidism, infertility, multiple endocrine neoplasia, and other endocrinal dysfunctionalities. These diseases can be diagnosed by measuring the level of blood hormone to observe the imbalance in the hormone concentration.  Hypo/hyperthyroidism is one of the most prevalent endocrinal disorder globally. For instance, according to the American Thyroid Association estimation in 2017, thyroid disease affected around 20 million people in the U.S., annually. Among which around 60% of the people were unaware about their condition. Moreover, imbalance in sex hormone such as follicle stimulating hormone leads to infertility. According to the 2017’s report by Maternal Health Task Force, around 150 million couples experience infertility, annually.

Figure 1. PORTER’S Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

High cost of the technologically advanced diagnostic kits for endocrine testing is expected to hamper growth of the endocrine testing market. For instance, test kits for endocrine testing alone cost anywhere between US$ 100 to US$ 700-800 in the U.S., which are still expensive in the emerging economies such as Latin America, Asia-Pacific, Middle East and Africa. 

North America is expected to hold a dominant position in the global endocrine testing market, attributed to the frequent product approvals and launches in the region. For instance, in June 2019, Abbott launched Afinion HbA1c Dx assay to operate on Afinion 2 analyzer and Afinion AS100 analyzer for diagnosis of diabetes and the identification of patients who are at risk of developing diabetes.

Moreover, emerging economies in the regions such as Latin America and Asia-Pacific are expected to witness significant growth in the market as awareness of the endocrine disease and product penetration in these regions is growing.

Figure 2. Regional Analysis

 

Note: The above figure shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in the global endocrine testing market include: Abbott Laboratories, Becton, Dickinson and Company, Bio-Rad Laboratories, Danaher Corporation, Biomérieux SA, AB Sciex, Roche Diagnostics, Thermo Fisher Scientific, Agilent Technologies, Quest Diagnostics, Inc., DiaSorin S.p.A., Hologic, Inc., among others.

Adoption of the inorganic growth strategies such as collaboration, acquisition, and merger by key players is expected to drive the global endocrine testing market growth. For instance, in June 2017, Quest Diagnostics and Walmart collaborated, under which Quest would start laboratory testing services at 15 Walmart location.

Figure 3. Market Share of Key Players, 2019

 

Note: The above figure shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Test Type

  • Follicle stimulating hormone (FSH)
  • Human Chorionic Gonadotropin (HCG)
  • Thyroid Stimulating Hormone (TSH)
  • Dehydroepiandrosterone sulfate (DHEA-S)
  • Progesterone
  • Prolactin
  • Cortisol
  • Testosterone
  • Estradiol(E2)
  • Luteinizing Hormone (LH)
  • Insulin
  • Others  

By Technology

  • Immunoassay
  • Clinical Chemistry
  • Tandem Mass Spectroscopy
  • Monoclonal & Polyclonal Antibody
  • Sensor technology
  • Others

By End-User

  • Hospital laboratories
  • Diagnostics laboratories
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides an in-depth analysis of the global endocrine testing market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global endocrine testing market?
  • What key factors are expected to increase the demand for endocrine testing market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global endocrine testing market?
  • What is the total market value (US$ Mn) generated in the global endocrine testing market by test type in 2019, and what are the forecasts by 2025?
  • Which technology (immunoassay, clinical chemistry, tandem mass spectroscopy, monoclonal & polyclonal antibody technologies, sensor technology, and others) is expected to dominate the global endocrine testing market in the coming years?
  • Which end user is expected to propel the global endocrine testing market in the foreseen future?
  • What was the total revenue generated by the global endocrine testing market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global endocrine testing market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the global endocrine testing market?
  • What are the major outcomes derived from Porter’s five forces?
  • What are the new products which are going to be approved or launched in the upcoming years, which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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