Press release
The Growth Of Endocrine Testing Market Propelled By New Products Launched By The Key Players : Abbott, Thermo Fisher, Beckman Coulter, Siemens Healthineers
Endocrine Testing
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Market Dynamics
Major factor driving growth of the endocrine testing market is increasing prevalence of endocrinal disease which requires first point diagnosis. Cushing syndrome is one of major endocrinal disorder. Cushing syndrome is result of the excess exposure to hormone cortisol. Cortisol concentration may elevate due to longer treatment of chronic asthma or rheumatoid arthritis and other causes. According to American Association of Neurological Surgeon statistics, around 10-15 per million people are affected by Cushing syndrome every year. Prevalence of postmenopausal osteoporosis is high, owing to low production of estradiol in women. According to International Osteoporosis Foundation factsheet, around 30% of all postmenopausal women have osteoporosis in the US and in Europe. Among them, 40% of women suffer from one or more fragility fractures in their lifetime. Increasing ageing population is also expected to aid in growth of the endocrine testing market, owing to high prevalence of endocrinal disease. According to population Prospect report by United Nations in 2017, an estimated 962 million people are aged 60 or above in the world, which accounted for 13% of the global population. The number of older people in the world is projected to be 1.4 billion growing at annual rate of 3% by 2030.
The global endocrine testing market was valued at US$ 2.95 billion in 2017, and is expected to witness a CAGR of 4.9% over the forecast period (2018 – 2026).
Detailed Segmentation:
Global Endocrine Testing Market, By Product:
-Thyroid
-Insulin
-Follicle Stimulating Hormone
-Luteinizing Hormone
-Estradiol
-Testosterone
-Progesterone
-Human chorionic gonadotropin
-Prolactin
-Cortisol
-DHEA-S
-Others
Global Endocrine Testing Market, By Diagnostic Technology :
-Immunoassay
-Tandem Mass Spectroscopy
-Monoclonal AND Polyclonal Antibody
-Sensor Technologies
-Clinical Chemistry
-Others
Global Endocrine Testing Market, By End User:
-Hospitals
-Diagnostic Laboratories
-Others
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