Global Endocrine Testing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Liquid Chromatography-Mass Spectrometry (LC-MS), Immunoassay, ELISA, Tandem Mass Spectrometry, Others), By Application (Cortisol Test, Human Chorionic Gonadotropin (HCG) Test, Dehydroepiandrosterone Sulfate (DHEAS) Test, Thyroid Stimulating Hormone (TSH) Test, Prolactin Test, Insulin, Others), By End Users (Hospitals And Clinics, Diagnostic Centres), And By Geography - Forecasts From 2022 To 2027
- Published : Mar 2022
- Report Code : KSI061611696
- Pages : 124
The Endocrine Testing market was valued at US$9.662 billion in 2020 and is expected to grow at a CAGR of 7.29% over the forecast period to reach a total market size of US$15.816 billion by 2027.
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 in the near future, 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 globally. In addition, growing health awareness among individuals along with government support will increase the number of early diagnoses and thereby contribute to the growth of the endocrine testing market. The demand for advanced endocrine testing technologies is also expected to grow due to diseases such as hypothyroidism and hyperthyroidism.
- Tests to measure thyroid-stimulating hormone (TSH) are expected to grow the market
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 market growth for the global endocrine testing market.
- The rise in the geriatric population worldwide
In addition to declines in growth hormone associated with ageing, 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 of 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)
- The High Cost of Technology
For endocrine testing manufacturers, the high cost of research and development activities and subsequent commercialization of tests represents 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.
COVID-19: Impact on the Endocrine Testing Market: There have been many studies demonstrating that people with thyroid disorders are more susceptible to the COVID-19 infection, thus creating a significant demand for endocrine tests worldwide to monitor thyroid hormone levels during the pandemic. Study findings published in January 2021, "Thyroid Function Analysis in 50 Patients with COVID-19: A Retrospective Study", indicate that TSH and TT3 levels are consistently lower with more severe COVID-19. There was a positive correlation between the decrease in TSH and TT3 levels and the severity of the disease. Thus, a significant manifestation of COVID-19 treatment is the changes in serum TSH and TT3 levels. So, the pandemic triggered a surge in endocrine tests, which positively impacted the market.
Global Endocrine Testing Market Scope:
|Market size value in 2020||US$9.662 billion|
|Market size value in 2027||US$15.816 billion|
|Growth Rate||CAGR of 7.29% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Technology, Application, End Users, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Randox Laboratories Ltd, Abbott, Agilent Technologies, Inc, bioMérieux SA, Bio-Rad Laboratories, Inc, F. Hoffmann-La Roche Ltd, Beckman Coulter, Inc., Siemens Medical Solutions, Thermo Fisher Scientific|
|Customization scope||Free report customization with purchase|
- By Technology
- Liquid Chromatography-Mass Spectrometry (LC-MS)
- Tandem Mass spectrometry
- By Application
- Cortisol Test
- Human Chorionic Gonadotropin (HCG) Test
- Dehydroepiandrosterone Sulfate (DHEAS) Test
- Thyroid Stimulating Hormone (TSH) Test
- Prolactin Test
- By End Users
- Hospitals and Clinics
- Diagnostic Centres
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the endocrine testing market size by 2027?
A1. The global endocrine testing market is expected to reach a total market size of US$15.816 billion in 2027.
Q2. What is the size of the global endocrine testing market?
A2. Endocrine Testing Market was valued at US$9.662 billion in 2020.
Q3. What are the growth prospects for the endocrine testing market?
A3. The endocrine testing market is expected to grow at a CAGR of 7.29% during the forecast period.
Q4. What factors are anticipated to drive the endocrine testing market growth?
A4. Globally, hormonal imbalances are increasing among individuals of all ages, which is driving the endocrine testing market.
Q5. How is the global endocrine testing market segmented?
A5. The endocrine testing market has been segmented by technology, application, end-users, and geography.
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. GLOBAL ENDOCRINE TESTING MARKET, BY TECHNOLOGY
5.2. Liquid Chromatography-Mass Spectrometry (LC-MS)
5.5. Tandem Mass spectrometry
6. GLOBAL ENDOCRINE TESTING MARKET, BY APPLICATION
6.2. Cortisol Test
6.3. Human Chorionic Gonadotropin (HCG) Test
6.4. Dehydroepiandrosterone Sulfate (DHEAS) Test
6.5. Thyroid Stimulating Hormone (TSH) Test
6.6. Prolactin Test
7. GLOBAL ENDOCRINE TESTING MARKET, BY END-USERS
7.2. Hospitals and Clinics
7.3. Diagnostic Centers
8. GLOBAL ENDOCRINE TESTING MARKET, BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.3. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Randox Laboratories Ltd
10.3. Agilent Technologies, Inc
10.4. bioMérieux SA
10.5. Bio-Rad Laboratories, Inc
10.6. F. Hoffmann-La Roche Ltd
10.7. Beckman Coulter, Inc.
10.8. Siemens Medical Solutions
10.9. Thermo Fisher Scientific
Randox Laboratories Ltd
Agilent Technologies, Inc
Bio-Rad Laboratories, Inc
F. Hoffmann-La Roche Ltd
Beckman Coulter, Inc.
Siemens Medical Solutions
Thermo Fisher Scientific
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