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
Albany, NY -- (SBWIRE) -- 06/23/2015 -- A recent market study by Transparency Market Research analyzes the global endocrine testing market for the forecast period 2013 - 2019. TMR, a market intelligence company based in the U.S. states that the endocrine testing market, which was valued at US$ 1.53 billion in 2012, is projected to reach US$2.03 billion by 2019. The report titled, "Endocrine Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", is available for sale on the company website.
Browse the full Endocrine Testing Market Report at http://www.transparencymarketresearch.com/endocrine-testing-market.html
The TMR study states that endocrine testing market is driven by the increasing incidence of health conditions such as diabetes, aging population globally and technological innovations. The Endocrine system is crucial for the regulation of several bodily functions and metabolism. It consists of several glands and secreting organs, which function collectively to release hormones into the blood stream directly. Hormones are the chemical messengers in the human body which carry signal between various sets of cells. Cells can comprehend these signals only when they are genetically capable to do so. This is where endocrine tests come in to picture. Endocrine tests help in determining the exact hormone levels in the body.
The endocrine system exhibits control over the following bodily functions: response to stress, absorption of nutrients, injury, water and electrolyte balance, and energy metabolism. Endocrine tests are performed in hospitals, laboratories, and at homes. At present, the global endocrine testing market is characterized by greater adoption and widespread awareness owing to high incidence of health disorders such as thyroid, infertility, cancer and diabetes. The study by TMR segregates the endocrine testing market on the basis of hormone tests performed, diagnostic technologies, and end users. Hormone tests analyzed in the report are: Follicle Stimulating Hormone (FSH), Thyroid Stimulating Hormone (TSH), Human Chorionic Gonadotropin (hCG), Insulin tests and others. Of all the tests, Thyroid Stimulating Hormone (TMH) was estimated to have the largest market share in the endocrine testing market in 2012. This segment is anticipated to grow at a CAGR of 5.4% during the forecast period. The segment for insulin test is expected to grow robustly in the years to come owing to high incidence of obesity and diabetes.
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As per this TMR research report, novel and innovative diagnostic technologies will fuel the endocrine testing market through the forecast period. In the diagnostic technologies segment, Tandem Mass Spectrometry is expected to have considerable demand due to the high-precision results of the technology. Furthermore, the sub-segments of the diagnostic technologies segment which are immunoassays and sensor technologies are anticipated to contribute substantially towards the growth of the endocrine testing market. The end-user segment for the endocrine testing market includes laboratories, hospitals and home testing kits.
Geographically, this research report segments the global endocrine testing market into North America, Europe, Asia Pacific, and Rest of the World. In 2012, Europe dominated the global endocrine testing market with a share of 28%. Asia-Pacific is anticipated to contribute substantially to the endocrine testing market owing to greater government healthcare initiatives in the region. The North America endocrine testing market will also expand significantly owing to consistent improvements in healthcare technologies.
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About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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