The global endocrine testing market is currently valued at USD 2536.7 Million and is anticipated to expand at a CAGR of 8.5%. With the rising prevalence of diabetes, and the rise in the geriatric population, the market is likely to propel to USD 5735 Million by 2032.
Emerging endocrine disorders, self-testing pregnancy kits, and favorable government policies are likely to drive the growth of the endocrine testing market in the forecast period.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2022) | USD 2536.7 Million |
| Projected Forecast Value (2032) | USD 5735 Million |
| Global Growth Rate (2022 to 2032) | 8.5% CAGR |
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According to market research and competitive intelligence provider FMI, the endocrine testing industry grew at a CAGR of 8.3% from 2017 to 2021. Medical professionals use endocrine testing to diagnose endocrine disorders and treat the condition or disease accordingly. Innovating therapies, technologies, and advancing diagnostic methods will contribute to the market's growth.
New policies are being briefed for testing methods to detect endocrine disruptors. For example, EURION, a cluster of emerging ED research projects, published the research note. As part of EURION, eight research projects are collaborating to develop methods and determine test strategies for understudied disorders caused by EDs, such as metabolic, brain, thyroid, and reproductive problems. More than 70 research groups have partnered with the EC Horizon 2020-funded cluster since its launch in 2019, bringing over €50 million of funding and more than 50 years of experience together.
With the world returning to normalcy after the pandemic, self-test pregnancy kits are only set to become more popular. Moreover, advancements are being made in the development of endocrine testing devices that measure the level of hormones produced by the human body's endocrine glands.
Increased Defense Spending to Bolster Demand for Endocrine Testing
Medical and clinical diagnostic research and development (R&D), along with new technologies that are intended to improve patient outcomes, are among the factors driving the growth of endocrine testing worldwide. As consumers demand point-of-care facilities and home-based testing kits for a wide range of health-related issues, the market has grown substantially in the last few years.
As the prevalence of endocrine disorders continues to rise along with advances in diagnostic methods, the market will grow at a significant rate. In addition, the trend of an aging population worldwide, coupled with increased awareness about the importance of early diagnosis and prevention, will be expected to lead to the growth of this market. Tests to diagnose disorders like obesity, diabetes, and thyroid disease are carried out by measuring the level of hormones secreted by the endocrine glands.
WHO estimates that there are 650 million adults, 340 million adolescents, and 39 million children worldwide who are dealing with obesity, and this number is growing at an alarming rate. Overweight or obesity is predicted to affect the health of 167 million adults and children by 2025. Endocrine testing of thyroid function is more likely to be adopted as a result, resulting in further market growth for the product.
Technological advancement to drive the Endocrine Testing market growth during the forecast period.
Increasing the adoption of biosensors and digital test kits in pregnancy test kits and fertility test kits is expected to encourage the growth of the endocrine testing market.
During the testing, imbalances in hormone concentrations can be detected which can lead to chronic diseases. It is highly recommended to conduct periodic testing, particularly in elderly patients, in order to minimize the risk of developing complications or aggravating the disease.
Investing in advanced endocrine testing techniques and diagnostic tests for the endocrine system will rise due to immunoassays remaining the most commonly used method to evaluate hormonal disorders. Also, investing in the integration of advanced endocrine testing techniques and diagnostic tests for endocrine systems will rise.
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Stringent Regulations and the High Cost of Technologies May Impede the Growth of the Market
The high costs of developing and commercializing endocrine tests, including analyses of several hormone-stimulated cellular mechanisms, pose a challenge to manufacturers. Thus, it is inevitable that monitoring and diagnosing the secretion levels of hormones in the human body will result in a high cost to the patient.
However, because of the lack of qualified and skilled professionals in this field, the market growth is restricted due to narrow diagnostic capabilities. Endocrine function testing requires skilled as well as technical expertise due to sample handling and preparation stages. In the absence of a technical force that can perform endocrine testing with precision, the quality of the test will eventually be compromised, resulting in poor patient outcomes.
Endocrine testing solutions and methodologies are developed and introduced successfully because of improved access to sophisticated technological platforms. Government regulations restricting the development of diagnostic tests for endocrine systems and approval before they can be sold would raise costs, limiting the market growth.
Because of this limitation, it deprived patients of being able to access advanced diagnostic procedures in order to receive quality diagnostic measures and decrease their chances of improving their quality of life. Consequently, high costs associated with testing technology could hamper the growth of the endocrine testing market.
Research & Development Investments and Diagnostic Advancements in the Region Provide Growth Opportunities
As the top market for endocrine testing, North America is expected to show a CAGR of 47.2% through the forecast period. A significant increase in Research and Development investments has encouraged the development of new products for endocrinology lab tests, which is expected to augment the growth of the North American endocrinology lab tests market in the coming years.
The adoption of new technologies and the continued reform of endocrine testing projects in numerous countries are expected to boost endocrine testing in the region over the forecast period.
Additionally, major manufacturers' Research and Development programs and technological advances in the USA and Canada resulted in major advancements.
A growing number of thyroid cases are being diagnosed globally throughout the world, and the rising prevalence of obesity is driving the global endocrine testing market. Approximately 43,800 new cases of thyroid cancer are expected to be detected in the United States in 2022 (11,860 in men and 31,940 in women) and there will be 2,230 thyroid cancer deaths (1,070 men and 1,160 women). Since thyroid cancer is common and causes many deaths in the United States, this will drive the market demand for thyroid testing in the United States.
Governing Policies and Reimbursements in Europe to Boost the Market Growth.
In 2022, Europe is predicted to lead the endocrine testing market and will continue to do so throughout the forecast period. At present, the endocrine testing market in Europe represents 33.6% of the global market share of the endocrine testing market.
Several key factors contributing to the dominance of endocrine testing include the high prevalence of chronic endocrine disorders and reproductive health problems. The United Kingdom, Germany, France, and Russia are expected to increase the procurement of advanced technologies, thus boosting the market.
In the United Kingdom, the reimbursement scheme is the most progressive and facilitates the rapid adoption of novel testing technologies. This allows Europe to dominate the market owing to supportive government regulations. Key market players have continued to invest in infrastructure development initiatives that are predicted to fuel global demand for endocrine testing.
Future Growth Scope Will be Broadened by Growing Demand for Pregnancy Test Kits and Infrastructure Growth
Asia Pacific was the largest market for endocrine testing with a revenue share of 35.6% and is expected to be the largest market going forward. There are several countries that are making significant investments in home-based endocrine testing kits, including China, India, Japan, and South Korea. With the growing population base, the increasing prevalence of lifestyle-related diseases, and the development of hormonal stimulation drugs, the market is likely to continue to experience growth in the coming years.
Endocrine testing has grown in popularity with the increasing number of thyroid disorders and diabetes being diagnosed in older as well as younger generations, which has contributed to the market growth. Moreover, the government has also taken measures in the region to improve the health infrastructure and provide access to quality healthcare, which are both driving the market growth in this region.
The growth and upgrading of self-test pregnancy kits and fertility test kits in this region are expected to drive the growth of the endocrine testing market in this region. Furthermore, the growth of the market for digital pregnancy test kits will further contribute to the growth of the market in the future.
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| United Kingdom | 20.3 % |
|---|---|
| India | 22.5% |
| South Korea | 16.4 % |
| China | 19.9 % |
| USA | 26.4 % |
Immunoassay Technology Segment Generates High Revenue in the Endocrine Testing market
Based on technology immunoassay segment is projected to account for a CAGR of 18.2% in 2032. The market is expected to grow due to the increasing efficacy of antibody tests which are expected to drive market growth in the near future.
Due to the fact that there are multiple instruments and analyzers that are used for testing in order to detect the test result, different types of immunoassay technologies are utilized for the test. Moreover, there are many key players that offer immunoassay-based test panels for endocrine function and reproductive function along with many other products that contribute to the largest revenue generation in this market.
Technological advancements have led to the development of novel hormone testing methods in recent years. Nucleic acid-based detection methods, mass spectroscopy, and chromatography are becoming more widely used for endocrine testing panels and providing accurate results in a shorter time frame. All these factors will further propel market growth for the immunoassay endocrine testing market.
The Hospital segment is expected to grow at a high CAGR during the forecast period
In 2022, the hospital segment accounted for the largest share of 53 % and is expected to continue this trend over the forecast period. With increasing investments in healthcare infrastructure, particularly research activities, endocrine testing should see a positive impact globally.
At-home collection services and the availability of a variety of home-based test, panels are boosting the revenue generation of this segment. As a matter of fact, it is expected that hospitals will also experience the fastest growth in the following years.
As health consciousness increases among individuals and endocrine testing are carried out continuously to monitor existing diseases and control hereditary conditions, this is a risk factor that can be attributed to the rise in health consciousness. Moreover, the ability to provide reports to the hospital settings over digital platforms further contributes to the growth trajectory of these hospital settings.
How do New Entrants Contribute to the Endocrine Testing Business?
Startups are now entering the endocrine testing market, providing consumers with new products that meet their needs. Additionally, these innovative testing companies offer different kinds of endocrine testing equipment and methods, including the technologies that are used during the testing process. Several start-up companies are now focusing on the preparation of FDA-approved endocrine tests due to the popularity of FDA-approved products on the market.
Through strategic partnerships, manufacturers can boost revenues and gain a greater share of the market by increasing production and meeting consumer demand. As a result of endocrine testing, the end user will benefit by taking advantage of new products and technologies. Expanding production capabilities can be achieved through strategic partnerships.
Key players in the global endocrine testing market include Abbott Laboratories, AB Sciex, Agilent Technologies Inc., bioMerieux SA, Bio-Rad Laboratories, DiaSorin S.p.A., F.Hoffmann-La Roche Ltd, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Ortho Clinical Diagnostics.
| Report Attribute | Details |
|---|---|
| Growth Rate (2022 to 2032) | 8.5% |
| Expected Market Value (2022) | USD 2536.7 Million |
| Projected Forecast Value (2032) | USD 5735 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2018 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Test Type, Technology, End User, Regions |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa(MEA) |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Malaysia, Thailand, India, Singapore, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Abbott Laboratories; Agilent Technologies Inc.; Bio-Rad Laboratories Inc.; AB Sciex; bioMerieux SA; DiaSorin S.p.A.; F. Hoffmann-La Roche Ltd.; Laboratory Corporation of America Holdings; Quest Diagnostics Incorporated; Ortho Clinical Diagnostics |
| Customization | Available Upon Request |
The global endocrine testing market is likely to reach a valuation of USD 2536.7 million by the end of 2022.
Abbott Laboratories, Agilent Technologies Inc., AB Sciex, bioMerieux SA, DiaSorin S.p.A., Bio-Rad Laboratories, F.Hoffmann-La Roche Ltd, Quest Diagnostics Incorporated, Ortho Clinical Diagnostics and Laboratory Corporation of America Holdings.
Sales of the endocrine testing market are likely to expand at 8.5% CAGR through 2032.
The USA, Canada, India, China, and Germany are predicted to drive most of the endocrine testing market demand.
By the end of 2032, the global market for the endocrine testing market is predicted to reach a valuation of USD 5735 Million
1. Executive Summary | Endocrine Testing Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Test Type 5.1. Estradiol (E2) Test 5.2. Follicle Stimulating Hormone (FSH) Test 5.3. Human Chorionic Gonadotropin (hCG) Hormone Test 5.4. Luteinizing Hormone (LH) Test 5.5. Dehydroepiandrosterone Sulfate (DHEAS) Test 5.6. Progesterone Test 5.7. Testosterone Test 5.8. Thyroid Stimulating Hormone (TSH) Test 5.9. Prolactin Test 5.10. Cortisol Test 5.11. Insulin Test 5.12. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 6.1. Mass Spectroscopy 6.2. Immunoassay 6.3. Chromatography 6.4. Nucleic Acid Based 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-user 7.1. Hospitals 7.2. Commercial Laboratories 7.3. Ambulatory Care Centers 7.4. Others 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Abbott Laboratories 18.2. AB Sciex 18.3. Agilent Technologies Inc. 18.4. bioMerieux SA 18.5. Bio-Rad Laboratories Inc. 18.6. DiaSorin S.p.A. 18.7. F. Hoffmann-La Roche Ltd. 18.8. Laboratory Corporation of America Holdings 18.9. Quest Diagnostics Incorporated 18.10. Ortho Clinical Diagnostics 19. Assumptions & Acronyms Used 20. Research Methodology
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Endocrine Testing Market
