Global Endocrine Testing Market is segmented by test (Follicle stimulating hormone (FSH), Human Chorionic Gonadotropin (hCG), Thyroid Stimulating Hormone (TSH), Dehydroepiandrosterone sulphate (DHEAS), Prolactin, Progesterone, Insulin, Cortisol, TestosteroneEstradiol (E2) and Luteinizing Hormone (LH)), by technology (immunoassay, clinical chemistry, monoclonal and polyclonal antibody, sensor technology and tandem mass spectroscopy), by End-User (hospitals, physician offices, health care centers and commercial laboratories), by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) is expected to reach US $ XX Bn by 2026, at a CAGR of 8.00 %.

Endocrine tests aid in assessing the normal functioning of the endocrine gland by testing the hormone levels. The tests perceive the imbalance in hormonal levels. Development in technologies like the introduction of easy-to-operate test kits enabled the penetration of home-based diagnosis, which is user-friendly and cost-effective. Additionally, the growing geriatric population owing to its augmented susceptibility to chronic diseases and the high risk of developing complications at an older age are expected to increase the demand for the global endocrine testing market.

Sedentary lifestyle is expected to boost the global endocrine testing market.

The growing prevalence of obesity across the globe is expected to increase the demand for endocrine testing at a rapid rate. Apart from obesity, growing cases of diabetes are also contributing significant growth of the global endocrine testing market. Diabetes is mainly caused by a sedentary lifestyle and a high consumption of sugar. To keep diabetes in control, endocrine testing plays a significant role as it aids in the diagnosis and management of the disease.

Asia Pacific region is expected to be a leading region in the global endocrine testing market.

The Asia Pacific region is projected to share significant growth in the global endocrine testing market. The growth in the market is attributed to the rising R&D expenditure by the government and private agencies in order to increase diagnostic and therapeutic areas in the region. Economic development in developing countries like India, China, and Japan coupled with favorable government initiatives affecting the development of healthcare infrastructure and reimbursement policies are expected to boost the market growth. Deviations in lifestyle leading to the increasing prevalence of chronic diseases and huge population base are some of the prime drivers of the growth of the Asia Pacific endocrine testing market.

Key players operating in the global endocrine testing market includes Thermo Fisher Scientific, Inc., Quest Technology, Biomedical Technologies., Sysmex Corporation, Abbott Laboratories, AB Sciex Pte. Ltd., Agilent Technologies, Siemens Healthcare, Ortho Clinical Technology, bioMerieux SA, Bio-Rad Laboratories, DiaSorin S.p.A, F. Hoffmann-La Roche Ltd. and Laboratory Corporation of America Holdings.

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global endocrine testing market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global endocrine testing market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global endocrine testing market positioning of competitors.

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Endocrine Testing Market

https://www.maximizemarketresearch.com/market-report/global-endocrine-testing-market/33711/

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