Global Testosterone Test Kits Market Report and Forecast 2024-2032

Global Testosterone Test Kits Market Outlook

The global testosterone test kits market is being aided by the growing endocrine testing market, which is expected to grow at a CAGR of 7.8% in the forecast period of 2024-2032.

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Blood Testing Segment Dominates the Global Market for Testosterone Test Kits

Based on sample, the blood testing segment accounts for a major share in the industry. The growth can be attributed to the accuracy and reliability of blood testing versus salivary testing. Meanwhile, the growing preference for testing hormone levels at home before seeing a doctor is resulting in increased demand for home test kits, which, in turn, is expected to aid the saliva testing segment as these kits test saliva rather than blood. The rising demand for easier and less invasive testing procedure is expected to bode well for the saliva testing segment, however, the uncertainty regarding the accuracy of salivary testing may pose a major challenge for the manufacturers.

The Asia Pacific to Provide Significant Growth Opportunities for the Expansion of the Testosterone Test Kits Industry

North America accounts for a significant share in the industry owing to the increased awareness regarding hypogonadism among the general populace. The factors like the presence of advanced diagnostic facilities and favourable reimbursement policies have further boosted the industry growth in the region. Meanwhile, the Asia Pacific is expected to witness a significant growth over the forecast period owing to the growing awareness campaigns and the increasing government investments to improve the healthcare infrastructure in the region. Further, the presence of a large population and the growing retail industry across the region are expected to significantly contribute to the market growth in the forecast period.

Testosterone Test Kits: Market Segmentation

Testosterone test kit is a medical kit used to perform testosterone test, which measures the level of testosterone in the patients’ blood. Testosterone is the main sex hormone in males. The decrease in testosterone levels is normal in men as they age. However, low testosterone levels can occur in men of any age due to health conditions, such as obesity, an injury, or a pituitary gland disorder, that need immediate attention and treatment. Cancer treatments can also lead to reduced testosterone levels.

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By sample, the market is bifurcated into:

• Saliva
• Blood

Based on distribution channel, the industry can be segmented into:

• Retail Pharmacies
• Hospital Pharmacies
• Online
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Emphasis on Early Diagnosis and the Increase in Sedentary Lifestyle to Bolster the Growth of the Testosterone Test Kits Industry

The testosterone test kits industry is being driven by the rising awareness regarding hypogonadism and the growing focus on early diagnosis of disorders like hormonal imbalance.  The sedentary lifestyle leads to obesity and stress, which are one of the major causes of reduced testosterone levels. Thus, the growing adoption of sedentary lifestyle is also contributing to the growth of the industry. Other factors like the improving healthcare infrastructure, growing R&D investments, and escalating disposable incomes are also aiding the market growth.

Over the forecast period, the increasing demand for at-home test kits as well as rapid test kits and the growing preference for online channels are expected to further accelerate the market growth.

Key Industry Players in the Global Testosterone Test Kits Market

The report gives a detailed analysis of the following key players in the global testosterone test kits market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Aviva Systems Biology Corporation
• Neogen Corporation
• BioVision Inc.    
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report