Endocrine Testing Market to Witness Increasing Revenue Growth During the Forecast Period 2020–2027


Market Overiview:

Endocrine testing is a term used to describe medical procedures that are used to assess hormonal levels in the body and to diagnose hormone-related illnesses. The testing aids in the detection of a hormonal imbalance that may contribute to the development of certain chronic illnesses. Fine-needle aspiration (FNA), ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), positron emission test (PET), radioactive iodine scan (RAI), and venous samples are commonly used to diagnose these illnesses. The findings of the tests can be used to track the evolution of the condition and monitor the impact of the medication given to the patient.

The global endocrine testing market size is estimated to be valued at US$ 3,403.0 million in 2020 and is expected to exhibit a CAGR of 5.3 % over the forecast period (2020-2027).

One of the important factors driving the market's growth is the rising frequency of endocrine-related disorders such as adrenal insufficiency, Cushing's disease, gigantism, hypothyroidism, and hyperthyroidism. Furthermore, rising health consciousness and understanding of the advantages of timely testing is boosting market growth. Periodic testing, especially in elderly people, reduces the chance of developing complications or exacerbation of the illness. Another key growth-inducing aspect is the growing geriatric population, which is in accordance with this

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, Agilent Technologies Inc., Bio-Rad Laboratories Inc., BioMerieux SA, DiaSorin S.p.A., F. Hoffmann-La Roche AG (Roche Holding AG), Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Siemens Healthineers AG (Siemens Aktiengesellschaft) and Thermo Fisher Scientific Inc.

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