The global thyroid function test market was valued at $1,190 million in 2018, and is projected to reach $1,807 million by 2026, registering a CAGR of 5.3% from 2019 to 2026.
Thyroid function test involves a series of blood tests used to measure adequacy of the levels of thyroid hormones. These blood tests can define whether the thyroid hormone production is normal, overactive, or underactive. It involves the different types of tests such as T3, T4, TSH, and T3RU.
The thyroid function test market is expected to witness significant growth during the forecast period owing to increase in prevalence of thyroid disorders, rise in awareness for early screening of disease, and wide presence of advanced diagnostic laboratories. In addition, early detection of the disease, increase in number of geriatric population, and rise in number of awareness campaigns in developing countries supportthe market growth. However, lack of insurance coverage for thyroid testing hampers the market growth.
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The global thyroid function test market is segmented into test type, end user, and region. By test type, the market is classified into TSH tests, T3 tests, T4 TESTS, and others. According to end user, it is categorized into hospitals, diagnostic laboratories, and others. Region wise, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
– It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
– A comprehensive analysis of all the geographical regions is provided to determine the existing opportunities.
– The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Test type
– TSH Tests
– T3 Tests
– T4 Tests
– Other Tests
By End user
– Diagnostic Laboratories
– North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Saudi Arabia
o South Africa
o Rest of LAMEA
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LIST OF KEY PLAYERS PROFILED IN THE REPORT
– Abbott Laboratories
– Danaher Corporation
– Diagnostic Automation/Cortez Diagnostics Inc.
– F. Hoffmann-La Roche AG
– Merck KGaA
– Qualigen Inc.
– ThermoFisher Scientific
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
– Cortez Diagnostics
– Autobio Diagnostics