What is Endocrine Testing System Market Scope?
The system includes the endocrine glands like the pituitary, thyroid, pancreas, adrenal, etc. These glands secrete hormones that regulate the body’s metabolism, growth, sexual development, and performance. Endocrine tests facilitate assessing the traditional functioning of the secretor by checking the internal secretion levels. The tests find an imbalance in secretion levels. The endocrine testing market is driven by the increasing incidences of endocrine disorders like polygenic disorder, thyroid disorders, physiological conditions, etc. This has conjointly resulted in the development of recent technologies, which is driving the expansion of this market. High development prices needed for developing new technologies might impede the expansion of this market. The opportunities for this market are tremendous as rising incidences of endocrine disorders and increasing health care awareness would need speedy, sensitive, and affordable tests.
The Endocrine Testing System market study is being classified by Type (Estradiol (E2) Test, Follicle Stimulating Hormone (FSH) Test, Human Chorionic Gonadotropin (HCG) Hormone Test, Luteinizing Hormone (LH) Test, Dehydroepiandrosterone Sulfate (DHEAS) Test, Progesterone Test and Others), by Application (Hospitals, Commercial Laboratories, Ambulatory Care Centers, Home-based tests and Other settings) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Endocrine Testing System market throughout the predicted period.
Agilent Technologies (United States), Abbott Laboratories (United States), Biomedical Diagnostics (United States), Bio-Rad Laboratories Inc. (United States), F.Hoffman-La Roche Ltd (Switzerland), ImmunoDX (United States), Laboratory Corporation (United States), Nano EnTek (South Korea), Siemens AG (Germany) and Thermo Fisher Scientific Inc. (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Endocrine Testing System market by Type, Application and Region.
On the basis of geography, the market of Endocrine Testing System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In May 2020, Roche acquired Stratos Genomics to further develop DNA-based sequencing for diagnostic use of endocrine diagnostics., In March 2020, Thermo Fisher Scientific proposed to acquire QIAGEN N.V. as this acquisition would expand its specialty diagnostics portfolio with attractive molecular diagnostics capabilities, including infectious disease testing like the endocrine diagnosis. and In July 2019, Thermo Fisher Scientific announced a 3-year, collaboration with the Ontario Institute for Cancer Research (OICR) and Genome Canada and to develop targeted next-generation sequencing-based assays and analysis software to test the cases of diseases.
Influencing Market Trend
- Increasing Trend of Adoption of The Diagnosis Techniques
- The Surge in Number of People with Endocrine and Metabolic Disorders
- The Prevalence of Diabetes and PCOS Have Increased
- Constant Rise in The Geriatric Population
- The Key Players Are Investing in Research and Development
- Increasing Efforts from The Government to Spread Awareness About Various Programs
- High Cost of The Technology
- Lack of Healthcare Infrastructure
- Lack of Skilled Personnel
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Providers of Endocrine Testing System, Venture Capitalists and Private Equity Firms and End-Use Industry
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