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Endocrine Testing Market to See Huge Growth by 2026 | AB Sciex, Abbott Laboratories, Beckman Coulter, bioMerieux SA, and more.

02-18-2020 12:51 PM CET | Health & Medicine

Press release from: Reports And Data

Endocrine Testing Market Size - USD 8.03 Billion in 2018, CAGR of 8.1%

Endocrine Testing Market Size - USD 8.03 Billion in 2018, CAGR of 8.1%

Increasing incidence of diabetes, thyroid, sedentary lifestyle, increasing government support, growing healthcare awareness and obesity are key factors contributing to high CAGR of Endocrine Testing Market during forecast period.

Market Size - USD 8.03 Billion in 2018, Market Growth - CAGR of 8.1%, Market Trends - Product launches and research for advanced and precise Endocrine Testing

The Global Endocrine Testing market was valued at USD 8.03 billion in 2018 and is expected to reach USD 15.09 billion by year 2026, at a CAGR of 8.1%. Endocrine testing involves examining urine or blood samples to detect the concentration of endocrinal hormones such as thyroid, diabetes, Cushing syndrome, etc. Technological Advancements in terms of accuracy, affordability, cost-effectiveness, and introduction of easy-to-operate test kits have facilitated the penetration of home-based diagnostics. Key market players today are focusing on investing in launching innovative products, thereby increasing their market footprint in the endocrine testing market.

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Increasing incidence of diabetes, sedentary lifestyle, growing healthcare awareness, increasing government support & obesity are some of the key factors projected to surge the demand for Endocrine testing, thereby propelling the market growth. Furthermore, a high prevalence of hyperthyroidism, hypothyroidism, and rising geriatric population are some of the key factors responsible for fueling market growth.

Companies considered and profiled in this market study
AB Sciex, Abbott Laboratories, Beckman Coulter, bioMerieux SA, BioRad Laboratories, Biomedical Technologies, Agilent Technologies, Quest Diagnostics, Diasorin, Hoffmann- La Roche Ltd., Thermo Fisher Scientific, Quest Diagnostics, Siemens Healthineers, and others.

In context to regional analysis, the North American region dominated the market in 2018 and is expected to maintain its lead during the forecast period while the Asia Pacific region is projected to witness the fastest growth with a CAGR of 9.1% during the forecast period.

Test Type (Revenue, USD Million; 2016-2026)
Estradiol, TSH, Insulin, Cortisol, FSH, hCG, LH, DHEAS, Progesterone, Testosterone, Prolactin, Others

Technology Type (Revenue, USD Million; 2016-2026)
Tandem Mass Spectrometry Immunoassay
Monoclonal & Polyclonal antibody technologies
Sensor technology
Clinical chemistry
Others

End Use (Revenue, USD Million; 2016-2026)
Hospital
Commercial Laboratory
Ambulatory Care Centres
Others

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This study includes an extensive assessment of the current trends in the market, industry growth drivers, and restraints. It evaluates the information collected to deduce market estimations for the forecast years. The study also highlights the recent technological advancements, along with Porter's Five Forces Analysis and descriptive profiles of the leading companies. The study also reviews micro- and macro-economic factors that are vital for the existing market players and emerging players, backed by a wide-ranging value chain analysis.

Leading regions studied in this research report include:
North America
Asia Pacific
Europe
Latin America
Middle East & Africa

The Report addresses the following queries regarding the Endocrine Testing market:

What are the market trends that are currently influencing the growth of the Endocrine Testing market?

 What are the recent technological innovations in the present Endocrine Testing market arena?

Which aspects are expected to affect the growth of the Endocrine Testing industry?

What is the projected value of this Endocrine Testing market in 2026?

Which regions are predicted to register the highest growth rate in the forecast?

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/endocrine-testing-market

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About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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