The global endocrine testing market was valued at US$11.420 billion in 2022 and is expected to grow at a CAGR of 6.35% over the forecast period to reach a total market size of US$17.574 billion by 2029.
An endocrine system is a set of hormone-producing glands that help regulate different body functions, such as metabolism, sexual development, growth, and weight. Endocrine testing involves assessing hormonal levels to determine how the glands are functioning. Globally, hormonal imbalances are increasing among individuals of all ages, which is driving the endocrine testing market.
Increased disease incidence has prompted the development of advanced diagnostic technologies, which further increases the need for sophisticated testing methods. While these technologies are likely to gain some attention in the market shortly, significant costs associated with developing them could hamper their rapid commercialization, thus limiting the market’s growth.
Since endocrine testing tools are in high demand, market players are more committed to developing new products. For example, DRG Diagnostics launched free T4 ELISA test kits in October 2018. This ELISA kit is intended to measure free thyroid hormone in human serum directly and quantitatively.
Globally, an increasing number of diabetics, geriatrics, and obese people should promote market growth. In addition, growing health awareness among individuals, along with government support, will increase the number of early diagnoses and thereby contribute to the endocrine testing market growth. The demand for advanced endocrine testing technologies is also expected to grow due to diseases such as hypothyroidism and hyperthyroidism.
Pituitary-stimulating hormone (TSH) stimulates the production of thyroxine and triiodothyronine by the thyroid gland, which aids metabolism. The TSH test is used to determine thyroid levels. Over the past decade, thyroid disorders have increased worldwide. According to the American Thyroid Association (ATA), 20 million Americans are estimated to have some form of thyroid disease in 2019. More than 12% of US citizens are expected to suffer from thyroid disease at some point in their lives.
Smoking, alcohol consumption, and tobacco use are the most important risk factors for thyroid-related disorders. In a study conducted in November 2019 by researchers from the Department of Nephrology at the University of Groningen and University Medical Center Groningen, The Netherlands, findings showed that daily cigarette smoking was associated with lower levels of TSH and lower levels of FT4 and FT3.
Technology developments have allowed thyroid function tests to become more cost-effective, and thyroid hormone measurement has recently gained importance. As a result, the rise in TSH testing is expected to boost the global endocrine testing market’s growth.
In addition to declines in growth hormones associated with aging, changes in the endocrine system include menopause in women, skeletal mass loss, androgen deficiency in men, and an increased incidence of type 2 diabetes. The endocrine system undergoes a series of changes that affect the hormone levels of people as they age. This is why the rise of the global geriatric population is one of the primary factors driving the endocrine testing market’s growth.
According to the United Nations (UN) data on World Population Prospects for 2019, the world's population will double within 30 years, from 7.7 billion to 9.7 billion, and at the same time, the world will age more rapidly. The number of people over the age of 65 will rise from one in 11 in 2019 to one in six by 2050 (16%), up from one in 11 at the beginning of this year (9%). Additionally, 34.2 million Americans (just over one in ten) have diabetes. A third of American adults, approximately 88 million, have prediabetes. (Source: CDC)
For endocrine testing manufacturers, the high cost of research and development activities and subsequent commercialization of tests represent a serious challenge. Thus, monitoring and diagnosing an individual's hormone secretion levels has become extremely expensive. Roche, for instance, invested approximately USD 11.6 billion in research and development activities in the financial year 2019. A significant portion of Abbott Laboratories' revenues are invested in the research and development of novel products and technologies. As a result, the end product is very expensive, which adds to the cost of diagnostic technologies, which impacts the market negatively.
North America's dominance in the global endocrine testing market is attributed to its advanced healthcare infrastructure, technological innovation, high prevalence of endocrine disorders, rising awareness and screening programs, supportive regulatory environment, strong presence of key market players, and high healthcare spending. The United States and Canada have advanced healthcare infrastructure, leading to the adoption and utilization of advanced diagnostic tools and devices.
The high prevalence of endocrine disorders, such as diabetes, thyroid disorders, and hormonal imbalances, is driven by factors such as sedentary lifestyles, poor dietary habits, and an aging population. Increased awareness and screening programs encourage individuals to undergo regular endocrine testing, further boosting demand.
The supportive regulatory environment, overseen by the FDA and Health Canada, fosters innovation and ensures the safety and efficacy of endocrine testing products. The United States' high healthcare expenditures enable individuals and healthcare institutions to invest in advanced diagnostic services, including endocrine testing, further fuelling market growth.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2022 | US$11.420 billion |
| Market Size Value in 2029 | US$17.574 billion |
| Growth Rate | CAGR of 6.35% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2023 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
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| Companies Covered |
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| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |