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Endocrine Testing Market is Expected to Reach USD 2.03 Billion Globally in 2019

According to a new market report published by Transparency Market Research "Endocrine Testing Market (E2, FSH, hCG, LH, DHEAS, Progesterone, Testosterone, TSH, Prolactin, Cortisol, Insulin Tests and Others)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global endocrine testing market was valued at USD1.53billion in 2012 and is estimated to reach a market worth USD2.03 billion in 2019 growing at a CAGR of 4.3% from 2013 to 2019.

Browse Endocrine Testing Market Report with Full TOC at http://www.transparencymarketresearch.com/endocrine-testing-market.html

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Endocrine system refers to the collection of endocrine glands (ductless glands) and secretory organs that release hormones directly into the blood stream. Endocrine system is instrumental in regulating certain body mechanisms such as metabolism, growth and sexual development and emotions. Also, it enables the body to cope up with different events such as cellular mechanisms and stress by acting in co-ordination with the nervous system. Hormones refer to the body's chemical messengers and render information and instruction transfer from one set of cells to another. Hormones can act only on those cells that are genetically programmed to receive and respond to the information or instructions released by hormones. There are lot of factors that influence the hormone levels including changes in body fluids and minerals in blood along with stress and infection.

Several endocrine tests are performed to assess varying levels of hormones in the body. This results in the determination of hypersecretion (excess) or hyposecretion (less) that consequently helps in early diagnosis and treatment of several endocrine disorders (such as sexual dysfunction, diabetes and others). Consistent rise in diabetic, obese and infertile patient population across the globe has broadened the scope for growth and acceptance of various endocrine test kits. In addition, introduction of technologically advanced diagnostic platforms coupled with growing healthcare awareness and surge in preference for quick and easy operating test platforms have further augmented the growth prospects for endocrine test kits or methodologies. On the contrary, high development costs and less flexible reimbursement policies are some of the factors that may hamper the growth of global endocrine testing market.

Endocrine tests are instrumental in monitoring the normal and abnormal levels of hormones secreted in the body. The market for insulin tests is estimated to record highest growth rate during the forecast period majorly due to increasing incidence of the diabetes worldwide coupled with technological advances and increasing healthcare awareness across the globe. As per International Diabetes Federation (IDF), in the year 2013, around 382 million people suffered from diabetes and are anticipated to rise to 592 million by 2035. Also, 80% of the diabetic population lives in low and middle income nations. Thyroid stimulating hormone test constituted the largest market segment owing to increasing thyroid dysfunction cases and pose high risk for acquiring cardiovascular disorders. The increased acceptance of endocrine test kits is attributed to increasing incidence of obesity, unhealthy food habits, physical inactivity and consistent technological advances. Follicle stimulating hormone test followed by human chorionic Gonadotropin test occupied third and fourth position in the market by 2019. Hence, all these factors mentioned above influence the growth and acceptance of several test kits.

Among the diagnostic technology market the tandem mass spectrometry segment is estimated to record highest growth rate due to high specificity and accuracy rendered by this platform in determination of hormone levels. Immunoassays and sensor technologies are expected to be the other fastest growing diagnostic technology segments during the forecast period owing to their increased use in several endocrine testing methodologies. However, high cost involved in the research and development along with subsequent commercialization of the same results in the high costs of the tests thereby hampering the growth of the market.

While, the ambulatory care centers of the total market, by end users segment is expected to be the fastest growing segment during the forecast period due to quick service offerings and costs reduction due to less hospital stay and gain competitive edge over the other end users. In addition, home based tests and commercial laboratories are also expected to grow considerably as compared to others (hospitals and physician offices).

At the regional level, Europe was the largest market in 2012for endocrine testing market followed by North America. The growth has been attributed to the presence of sophisticated laboratories along with increased participation of the respective governments in these regions. Asia-Pacific region represents the fastest growing region during the forecast period from 2013 to 2019.This is majorly due to huge untapped patient population, increasing healthcare awareness and healthcare spending and presence of large number of undiagnosed and untreated patients in low and middle income nations. In addition, rise in disposable incomes and increased investments of many key players in these emerging economies will further boost the growth and development in this region. For instance, Abbott Laboratories has been investing heavily in the emerging economies such as India and China to enhance their revenues to 50% by 2015. The company has opened around six manufacturing and R&D facilities in Asia-Pacific region. This substantiates the lucrative business opportunities in these regions and enables the companies to introduce and commercialize quality endocrine tests thereby enhancing the strength of the market players.

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Each of the segments in the orthopedic devices market has been analyzed on the basis of its current and future market size for the period 2011 to 2019, in terms of revenue generation in USD million, considering 2011 and 2012 as the base years. The compounded annual growth rate (%CAGR) for each segment of orthopedic devices market have been provided for the forecast period 2013 to 2019 along with the estimations of market size.




The endocrine testing market is characterized by the presence of well-established as well as new players solely operating in this market. The major companies competing in this market are Agilent Technologies, F.Hoffmann La-Roche, Ltd., Abbott Laboratories and Siemens Healthcare and DiaSorin S.p.A.

The Global endocrine testing market is segmented as follows:

Endocrine Testing Market, by Test

Estradiol (E2) Test

Follicle Stimulating Hormone (FSH) Test

Human Chorionic Gonadotropin (hCG) Test

Luteinizing Hormone (LH) Test

Dehydroepiandrosterone sulfate (DHEAS) Test

Progesterone Test

Testosterone Test

Thyroid Stimulating Hormone (TSH) Test

Prolactin Test

Cortisol Test

Insulin Test

Others (Gastrin, Thymosin, Secretin, etc.)

Endocrine Testing Market, by Diagnostic Technologies

Tandem Mass Spectrometry

Immunoassay Technologies

Monoclonal and Polyclonal Antibody Technologies

Sensor Technologies

Clinical Chemistry Technologies

Others

Endocrine Testing Market, by End Users

Hospitals

Commercial Laboratories

Ambulatory Care Centers

Home Based Tests

Physician Offices

Endocrine Testing Market, by Geography

North America

Europe

Asia-Pacific

Rest of the World (RoW)


Browse all Pharmaceutical Market Research Reports @ http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html

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Topic : Health
Genre : Mental/Health

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marketsize

Author:marketsize
I am Research Analyst And Business Development Manager At Transparency Market Research

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