London, 3 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global endocrine testing market 2015-2019, which is expected to grow at a CAGR of 4.66% during the forecast period of 2014-2019.
The market for global endocrine testing is increasing as a result of the increasing aging population and the increasing incidence of chronic disorders such as diabetes, thyroid disorders, and obesity. Additionally, recent advancements made in the field of testing methodologies and robust diagnostic techniques also promote market growth. The recent increase in the number of diagnostic laboratories also influence market growth positively, and has led to an increase in the demand for endocrine testing devices with new technologies in hospitals.
“The global endocrine testing market is witnessing a shift from conventional (manual) to semi-automated and highly automated systems. Automation allows laboratories to increase productivity and efficiently handle higher test volumes with fewer people,” says Faisal Ghaus, Vice President of Technavio.
“In addition, automated systems offer a level of precision that cannot be achieved consistently by manual methods.”
Key Market Drivers:
- Growing Aging Population.
- High Incidence of Chronic Diseases and Reproductive System Disorders.
- Focus on Early Diagnosis.
- Rise in Obesity, Diabetes, and Infertility.
- Increased Healthcare Expenditure.
Key Market Trends:
- Automation and System Integration.
- Increased Adoption of POC Diagnostic Tests.
- Advances in Technology.
- Untapped Market in Emerging Countries.
Key Market Vendors:
- Abbott Diagnostics
- DiaSorin SpA
- Roche Diagnostics
- Siemens Healthcare
- Thermo Fisher Scientific Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
