Market Overview:
The global thyroid function test market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of thyroid disorders, rising awareness about early diagnosis and treatment of thyroid disorders, and technological advancements in the field of thyroid function tests. The global thyroid function test market is segmented on the basis of type into TSH tests, T4 tests, T3 tests, and other tests. The TSH test segment is expected to dominate the global market during the forecast period owing to its high usage for diagnosing various types of thyroid disorders. On the basis of application, hospitals are expected to account for a major share in terms revenue generated by this market during 2018-2030 owing to their large patient base and growing demand for diagnostic services for various types if diseases including Thyroid Disorders .
Product Definition:
A thyroid function test is a blood or urine test that measures the amount of thyroid hormones in your body. The test can help doctors diagnose problems with your thyroid gland.
TSH Tests:
TSH tests are used to diagnose hypothyroidism. It is a blood test that measures the level of thyroid-stimulating hormone in the blood. TSH levels fluctuate widely based on many factors such as stress, temperature, and other hormones released from the body. Hence it is important to have regular checkups for monitoring purposes.
The global thyroid function test market size spans diagnosis & treatment of hypothyroidism.
T4 Tests:
Thyroid-function tests (TFTs) are used for detecting abnormal functioning of the thyroid gland. The most common symptoms associated with an imbalance in the thyroid function include fatigue, heat intolerance, cold sensitivity, weight gain or loss, and irregular menstrual cycles.
The test is performed to evaluate if there is a problem with the production of hormones by the thyroid gland.
Application Insights:
The research laboratories and institutes application segment dominated the global thyroid function tests market in 2017, accounting for over 45% of the overall revenue share. The growth can be attributed to an increase in R&D activities pertaining to new diagnostic techniques for thyroid disorders. For instance, a study was conducted by researchers at UTMB¢â‚¬â„¢s Galveston National Laboratory (UTMB GL) to develop a rapid test that could help detect cancerous cells in blood samples taken from patients with suspected prostate cancer.
The hospital application segment is expected witness significant growth during the forecast period owing to rising prevalence of diseases such as hypothyroidism and hyperthyroidism across various regions including North America, Europe, Asia Pacific and Middle East & Africa. According to data published by Endo Health Solutions Inc.
Regional Analysis:
North America dominated the global thyroid function test market in 2017. The presence of well-established healthcare infrastructure and increasing prevalence of goiters & thyroid cancer are some factors responsible for its large share. According to the American Thyroid Association, an estimated 3 million people in U.
Asia Pacific is expected to grow at the fastest CAGR during the forecast period due to rising awareness about early diagnosis coupled with growing disposable income & improving healthcare facilities especially in developing countries such as India & China.
Growth Factors:
- Increasing incidence of thyroid disorders
- Growing awareness about thyroid function tests
- Rising demand for early diagnosis and treatment of thyroid disorders
- Technological advancements in the field of thyroid function tests
- Growing number of reference laboratories offering thyroid function tests
Scope Of The Report
Report Attributes
Report Details
Report Title
Thyroid Function Test Market Research Report
By Type
TSH Tests, T4 Tests, T3 Tests, Other Tests
By Application
Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes, Other
By Companies
Thermo Fisher, Abbott, Roche, DiaSorin, Danaher, Kronus, Merck, Cortez Diagnostics, bioMérieux, Qualigen, Autobio Diagnostics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Thyroid Function Test Market Report Segments:
The global Thyroid Function Test market is segmented on the basis of:
Types
TSH Tests, T4 Tests, T3 Tests, Other Tests
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher
- Abbott
- Roche
- DiaSorin
- Danaher
- Kronus
- Merck
- Cortez Diagnostics
- bioMérieux
- Qualigen
- Autobio Diagnostics
Highlights of The Thyroid Function Test Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- TSH Tests
- T4 Tests
- T3 Tests
- Other Tests
- By Application:
- Hospitals
- Diagnostic Laboratories
- Research Laboratories & Institutes
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thyroid Function Test Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A thyroid function test is a medical test that measures the function of the thyroid gland. Thyroid dysfunction can cause problems with energy levels, weight, and mood. A thyroid function test can help identify any problems and recommend treatments.
Some of the major players in the thyroid function test market are Thermo Fisher, Abbott, Roche, DiaSorin, Danaher, Kronus, Merck, Cortez Diagnostics, bioM©rieux, Qualigen, Autobio Diagnostics.
The thyroid function test market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thyroid Function Test Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thyroid Function Test Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thyroid Function Test Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thyroid Function Test Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thyroid Function Test Market Size & Forecast, 2018-2028
4.5.1 Thyroid Function Test Market Size and Y-o-Y Growth
4.5.2 Thyroid Function Test Market Absolute $ Opportunity
Chapter 5 Global Thyroid Function Test Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thyroid Function Test Market Size Forecast by Type
5.2.1 TSH Tests
5.2.2 T4 Tests
5.2.3 T3 Tests
5.2.4 Other Tests
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thyroid Function Test Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thyroid Function Test Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic Laboratories
6.2.3 Research Laboratories & Institutes
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thyroid Function Test Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thyroid Function Test Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thyroid Function Test Analysis and Forecast
9.1 Introduction
9.2 North America Thyroid Function Test Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thyroid Function Test Market Size Forecast by Type
9.6.1 TSH Tests
9.6.2 T4 Tests
9.6.3 T3 Tests
9.6.4 Other Tests
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thyroid Function Test Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic Laboratories
9.10.3 Research Laboratories & Institutes
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thyroid Function Test Analysis and Forecast
10.1 Introduction
10.2 Europe Thyroid Function Test Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thyroid Function Test Market Size Forecast by Type
10.6.1 TSH Tests
10.6.2 T4 Tests
10.6.3 T3 Tests
10.6.4 Other Tests
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thyroid Function Test Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic Laboratories
10.10.3 Research Laboratories & Institutes
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thyroid Function Test Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thyroid Function Test Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thyroid Function Test Market Size Forecast by Type
11.6.1 TSH Tests
11.6.2 T4 Tests
11.6.3 T3 Tests
11.6.4 Other Tests
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thyroid Function Test Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic Laboratories
11.10.3 Research Laboratories & Institutes
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thyroid Function Test Analysis and Forecast
12.1 Introduction
12.2 Latin America Thyroid Function Test Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thyroid Function Test Market Size Forecast by Type
12.6.1 TSH Tests
12.6.2 T4 Tests
12.6.3 T3 Tests
12.6.4 Other Tests
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thyroid Function Test Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic Laboratories
12.10.3 Research Laboratories & Institutes
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thyroid Function Test Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thyroid Function Test Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thyroid Function Test Market Size Forecast by Type
13.6.1 TSH Tests
13.6.2 T4 Tests
13.6.3 T3 Tests
13.6.4 Other Tests
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thyroid Function Test Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic Laboratories
13.10.3 Research Laboratories & Institutes
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thyroid Function Test Market: Competitive Dashboard
14.2 Global Thyroid Function Test Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher
14.3.2 Abbott
14.3.3 Roche
14.3.4 DiaSorin
14.3.5 Danaher
14.3.6 Kronus
14.3.7 Merck
14.3.8 Cortez Diagnostics
14.3.9 bioMérieux
14.3.10 Qualigen
14.3.11 Autobio Diagnostics
