According to IMARC Group latest report titled” Endocrine Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market grew at a CAGR of around 8% during 2014-2019. The global Endocrine Testing Market to continue its moderate growth during the next five years.

Market Trends and Drivers:

Endocrine testing is the medical procedure used to measure the level of hormones in the body and diagnose the hormone-related disorder. The testing helps to identify imbalances of hormone concentrations that may lead to the development of certain chronic conditions. Computerized tomography (CT), fine-needle aspiration (FNA), magnetic resonance imaging (MRI), radioactive iodine scan (RAI), positron emission test (PET), and venous sampling are some of the common methods included in endocrine testing. The test results help in determining the condition's progression and track the effect of the treatment provided to the patient. 

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The rising prevalence of numerous endocrine-related disorders, such as adrenal insufficiency, Cushing's disease, hyperthyroidism, gigantism etc., is primarily propelling the demand for endocrine testing. Periodic endocrine testing minimizes the risk of exacerbation or complications of the disorder, particularly in geriatric patients. Furthermore, the introduction of advanced, easy-to-operate biosensor-enabled test kits that facilitate cost-effective home-based diagnosis is also providing a boost to the market. Numerous diagnostic centers and healthcare providers are adopting technologically advanced liquid chromatography with mass spectrometry (LC-MS) techniques to provide exact and precise results. Moreover, due to the sudden outbreak of COVID-19, endocrine testing is widely adopted to detect hyperglycemia in infected patients, thereby further driving the market growth.

Competitive Landscape with Key players:

The competitive landscape of the industry has also been examined with some of the key players.

• Abbott Laboratories
• Agilent Technologies Inc.
• Bio-Rad Laboratories Inc.
• BioMerieux SA
• DiaSorin S.p.A.
• Hoffmann-La Roche AG (Roche Holding AG)
• Laboratory Corporation of America Holdings
• Quest Diagnostics Incorporated
• Thermo Fisher Scientific Inc

Global Endocrine Testing Market Segmentation:

Our report has categorized the market based on Region, Test Type, Technology and End-Use.

By Test Type:

• Thyroid Test
• Insulin Test
• Human Chorionic Gonadotropin Test
• Prolactin Test
• Luteinizing Hormone Test
• Progesterone Test
• Others

 By Technology:

• Immunoassay
• Tandem Mass Spectroscopy
• Sensor Technology
• LC-MS
• Others

 By End Use:

• Hospitals
• Ambulatory Care Centers
• Clinical Laboratories
• Others

 By Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Brazil
• Middle East and Africa

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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