DUBLIN–(BUSINESS WIRE)–The “Endocrine Disruption Screening Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.
The endocrine disruption screening market is projected to reach US$ 153.30 million by 2028 from US$ 126.53 million in 2021; it is expected to grow at a CAGR of 2.8% during 2021-2028.
The report highlights trends prevailing in the market and factors driving its growth. The market growth is attributed to factors such as the increasing prevalence of endocrine disorders and the rising incidence of diabetes. However, the high cost of screening technology hampers the market growth.
The rising burden of cancer patients and especially hormone-related cancers patients will flourish the demand for endocrine disruption screening across the world. According to the National Institute of Cancer, as of January 2019, there were an estimated 16.9 million cancer survivors in the US. The number of cancer survivors is projected to increase to 22.2 million by 2030. According to cancer.gov, cancers that are diagnosed with the greatest frequency in the US are breast cancer, thyroid cancer, prostate cancer, colon and rectal cancer, endometrial cancer, kidney cancer, leukemia, liver lung cancer, melanoma, non-Hodgkin lymphoma, pancreatic cancer, and bladder cancer. Breast cancer is the most common cancer recorded in the US in 2021, with 284,200 new cases.
Prostate cancer and lung cancer are the next most frequent cancers in the US. Most players concentrate on developing markets, such as India and China, owing to the large populations suffering from chronic diseases in these countries. With rising production costs against their solutions, healthcare companies are striving to produce sufficient revenue to meet their investors’ expectations. Advancements in biotechnology have increased the demand for diagnostics in the healthcare market, encouraging the introduction of more analytical systems and facilitating the shift toward personalized medicine. New opportunities mainly lie in infectious disease testing, molecular oncology, and pharmacogenomics arms in emerging countries.
The global endocrine disruption screening market, based on assay type, is bifurcated into in-vitro and in-vivo. The in-vitro segment held a larger share of the market in 2021 and is anticipated to register a higher CAGR in the market during the forecast period. By application, the market is bifurcated into natural materials and synthetic materials. In 2021, the natural materials segment held a larger share of the market.
Moreover, the market for the same segment is expected to grow at a faster CAGR of 3.1% during 2021-2028. Based on sources of waste, the market is segmented into incineration and landfill, agricultural runoff, industrial and municipal effluents, pulp mill effluents, consumer products, and others. In 2021, the incineration and landfill segment held the largest share of the market. Moreover, the market for the same segment is expected to grow at the fastest CAGR of 3.5% from 2021 to 2028.
The global endocrine disruption screening market, based on method, is segmented into estrogen receptor (ER) transactivation, androgen receptor (AR) transactivation, androgen receptor (AR) modulation, estrogen receptor-alpha (ER) binding, estrogen receptor beta (ER) binding, androgen receptor (AR) binding, steroidogenesis, aromatase assay, and others. In 2021, the estrogen receptor (ER) transactivation segment held the largest share of the market.
Moreover, the market for the same segment is expected to grow at the fastest CAGR of 3.7% from 2021 to 2028. By end user, the market is segmented into pharmaceutical and biopharmaceutical companies, cosmetics and household product companies, food industry, and chemical industry. In 2021, the pharmaceutical and biopharmaceutical companies segment held the largest share of the market. Moreover, the market for the same segment is expected to grow at the fastest CAGR of 3.3% from 2021 to 2028.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Endocrine Disruption Screening Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Endocrine Disruption Screening Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Market Dynamics
Drivers
- Growing Prevalence of Endocrine Disorders
- Increasing Prevalence of Diabetes
Restraints
- High Cost of Screening Technology
Opportunities
- Scope for Expansion in Emerging Countries
Companies Mentioned
- Creative Bioarray
- Xenometrix AG
- Charles River
- Eurofins Scientific
- Smithers
- SGS SA
- JRF Global
- Merieux Nutrisciences
- Alpha Analytical
For more information about this report visit https://www.researchandmarkets.com/r/ixjqh6
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