Endocrine Testing System Market Size, Share & Trends Analysis Report By Product, By Application, By Region, And Segment Global Opportunity Analysis and Industry Forecast, 2021 - 2027

The endocrine system comprises of the endocrine glands such as the pituitary, thyroid, pancreas, adrenal, etc. These glands secrete hormones that regulate the body’s metabolism, growth, sexual development, and function. Endocrine tests help in assessing the normal functioning of the endocrine gland by checking the hormone levels. The tests detect the imbalance in hormonal levels. The endocrine testing market is driven by the increasing incidences of endocrine disorders such as diabetes, thyroid disorders, infertility, etc. This has also resulted in the development of new technologies, which is driving the growth of this market. High development costs required for developing new technologies could impede growth of this market. The opportunities for this market are tremendous as rising incidences of endocrine disorders and increasing health care awareness would require rapid, sensitive and low-priced tests.

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Rising prevalence of endocrine disorders and increasing health care awareness are major factors that drive the growth of endocrine testing market. However, high cost of development of the technology can hamper the growth of market. Contrarily, technological advancements such as liquid chromatography-mass spectrometry (LC-MS) is one of the opportunistic factors for the global market.
Rise in prevalence of endocrine disorders to drive growth of the endocrine testing market
Increasing prevalence of endocrinal disorders such as diabetes, hypo/hyperthyroidism, infertility, multiple endocrine neoplasia 1 and 2, hypo/hyperadrenocorticism and hypogonadism are expected to fuel growth of endocrine testing market. Presence of these disease can be confirmed with measurement of blood hormone level to observe imbalance in their concentration. Globally hypothyroidism and hyperthyroidism are one of fastest growing endocrinal disorder. According to American Thyroid Association, in 2017, around 20 million U.S. citizens experience thyroid annually. An estimated around 12% of the U.S. population is expected to suffer from thyroid disease in their lifetime.

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On the other side, high costs of various advanced endocrine tests is one of the prominent factors expected to hamper the endocrine testing market. Despite its increasing uses in diagnosing of various diseases, middle class people are not able to afford it due to price concern. Apart from this, lack of appropriate healthcare infrastructure and low awareness in developing and underdeveloped regions has also impeded the growth of endocrine testing market. However, increasing efforts from governments to spread healthcare awareness through various programs and projects in developing region may minimize these restraints in the global endocrine testing market in the coming years.
Key benefits of the report:

This study presents the analytical depiction of the global endocrine testing system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global endocrine testing system market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global endocrine testing system market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global endocrine testing system market analysis based on competitive intensity and how the competition will take shape in coming years.

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