The latest report by IMARC Group, titled “Endocrine Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the endocrine testing market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global endocrine testing market size reached US$ 11.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.
Endocrine Testing Market Trends:
The global market is primarily driven by the rising prevalence of endocrine disorders, particularly diabetes and thyroid conditions requiring diagnostic tests. Moreover, the increasing awareness among individuals regarding hormonal imbalances is facilitating the market's expansion by encouraging more frequent health screenings. Additionally, the paradigm shift towards personalized medicine is propelling the need for hormone profiling, which is driving the market further.
Besides, the expanding healthcare infrastructure, particularly in developing regions, is providing wider access to testing facilities, further fueling market growth. The increasing geriatric population, which is highly susceptible to hormonal disorders, is also creating lucrative opportunities in the market. Apart from this, growing investments in research and development (RD) activities to create more precise and faster diagnostic tools are fostering market growth.
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Endocrine Testing Market Scope and Growth Analysis:
The market scope is broadening significantly due to the continuous technological advancements in diagnostic tools, such as the introduction of at-home testing kits, that are improving testing capabilities. The increasing focus on preventive healthcare measures is also a factor widening the market, as more individuals opt for early detection of endocrine disorders. As per the market analysis, the rise in telemedicine and digital health platforms is enhancing access to testing services, particularly in remote areas.
Furthermore, the rising trend of point-of-care testing is expanding the market’s reach by offering more convenient diagnostic solutions. Additionally, strategic collaborations between diagnostic companies and healthcare providers are increasing the availability and affordability of testing services, thereby providing an impetus to the scope of the market. The market outlook is further strengthened by regulatory approvals for innovative testing methods, which are making these services more reliable and accessible.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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.
Breakup by Test Type:
- Thyroid Test
- Insulin Test
- Human Chorionic Gonadotropin Test
- Prolactin Test
- Luteinizing Hormone Test
- Progesterone Test
- Others
Breakup by Technology:
- Immunoassay
- Tandem Mass Spectroscopy
- Sensor Technology
- LC-MS
- Others
Breakup by End Use:
- Hospitals
- Ambulatory Care Centers
- Clinical Laboratories
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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