Market Analysis

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Growing incidences of endocrine disorders such as hyperthyroidism and adrenal insufficiency are predicted to boost the demand for endocrine testing. The growing diabetic, geriatric and obese population worldwide is expected to promote market growth. Furthermore, growing healthcare awareness among individuals coupled with increasing government support is expected to increase the diagnosis at an early, thereby contributing to the growth of the endocrine testing market.

Owing to increasing health awareness around the world, there has been an advancement in-home health care along with easy operating home diagnostic kits which are cost-effective and designed with precision. Many new mass spectrometric technologies have been developed all around the globe which delivers accurate results in less time and they are highly sensitive. Mass Spectrometry is now coupled with liquid chromatography for more precision. Telehealth services have also been introduced by some commercial laboratories and stand-alone clinics.

Based on test type, the market is segmented into Estradiol (E2), Human Chorionic Gonadotropin (HCG), Follicle Stimulating (FSH), Dehydroepiandrosterone sulfate (DHEAS), Progesterone, Luteinizing Hormone (LH), testosterone, thyroid prolactin, Thyroid Stimulating Hormone (TSH), cortisol, insulin, and other tests are also present such as gastrin, thymosin, and secretin tests.

Thyroid-stimulating hormone (TSH) test accounted for a lucrative share in 2016, This can be attributed to the increasing incidences of TSH-related disorders and the growing awareness regarding the correlation between variations in the thyroid hormones levels and cardiovascular disorders.

Insulin test is anticipated to witness one of the fastest growths over the forecast period all over the world. The substantial rise in the diabetic population and the growing awareness about diagnosis are anticipated to contribute towards the demand for insulin test over the forecast period.

Key technology segments include tandem mass spectrometry, immunoassay, monoclonal & polyclonal antibody technologies, sensors, clinical chemistry technologies, and others such as Liquid Chromatography with Mass Spectrometry (LC-MS).

The tandem mass spectrometry is expected to dominate all over the world market during the forecast period. This can be attributed to the growing use of tandem mass spectrometry in combination with liquid chromatography which helps in overcoming the challenges associated with traditional techniques used for endocrine testing.

Sensor Technology is expected to show the fastest growth among all the segments owing to the growing use of biosensors in glucose monitoring for diabetes which is used on a routine basis by the individuals to monitor their blood sugar level in undiluted blood samples.

The major share in endocrine testing market share is held by companies such as Abbott Laboratories, AB Sciex, Agilent Technologies, Biomedical Technologies, Biomerieux SA, Bio-Rad Laboratories, DiaSorin, Hoffmann-La Roche Ltd., Lab Corp, and Quest Diagnostics.

The players are actively involved in launching technologically advanced products and initiate collaborative developments to sustain themselves in the competition. For instance, Lab Corp offers all-embracing solutions on clinical trials pertaining to diabetes and all other hormonal diseases. In addition, the company also provides liquid chromatography that combined with mass spectrometry to yield specific results even if the minimal amounts of the hormonal sample are present.

Scope and Importance

Endocrinology and Diabetes is a branch of science dealing with the endocrine glands and related disorders and a metabolic disorder deals with abnormal chemical reactions in the body alter the normal metabolic process. Endocrinology includes the study of hormones, the endocrine system, and their role in the physiology of the body. Endocrinology is a department of medicine which manages with the diagnosis and treatment of diseases which are usually related to hormones and also diagnostic evaluation of a wide variety of symptoms and variations and the long-term management of disorders which are caused due to deficiency or excess of one or more hormones. Diabetes mellitus commonly known as diabetes referred a group of metabolic disorders which includes high blood sugar levels over a prolonged period of time. Symptoms of high blood sugar include frequent urination, increased thirst, and increased hunger fatigue. If left untreated, diabetes can cause many complications. A metabolic disorder can occur when irregular chemical reactions in the body altering the normal metabolic pathway. It can also be defined as inherited single gene anomaly, most of which are autosomal recessive disorders.

Societies associated with Endocrinology research

• Endocrine Society
• American Association of Clinical Endocrinologists
• The American Association of Endocrine Surgeons
• Association of Program Directors in Endocrinology, Diabetes and Metabolism
• Society for Endocrinology
• Brazilian Society of Surgical Endocrinology
• British Society for Pediatric Endocrinology and Diabetes
• European Society of Endocrinology
• International Society of Endocrinology
• Pediatric Endocrine Society   
• SBDR - Society for Biomedical Diabetes Research
• Austrian Diabetes Association
• Flemish Diabetes Association
• Association of Juvenile Diabetes
• Canadian Diabetes Association
• Juvenile Diabetes Foundation of Chile
• German Diabetes Union
• Diabetic Society of Singapore
• Japan Diabetes Society
• Hong Kong Diabetes Federation
• The International Society of Gynaecological Endocrinology
• Royal Society of Medicine Endocrinology and Diabetes Section
• International Society of Psych neuroendocrinology
• International Neuroendocrine Federation
• European Society of Endocrinology
• Clinical Endocrinology Trust
• Swiss Diabetes Society
• Spanish Diabetes Society
• Korean Diabetes Association

Global companies related to diabetes

• Novo Nordisk
• Eli Lilly
• Sanofi
• Merck & Co
• Astra Zeneca
• Boehringer Ingelheim
• Johnson Health Tech. Co., Ltd.
• Novartis
• Takeda
• Johnson Health Tech. Co., Ltd.
• Bayer