The global thyroid function test market reached a value of US$ 1.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027.
Thyroid function tests are used for measuring hormone levels in the blood. They aid healthcare professionals in diagnosing numerous diseases, such as thyroiditis, cancer, nodules, goiter, tumors, Hashimoto’s, Graves’, hyperthyroidism, hypothyroidism, etc. Some standard tests advised by doctors to evaluate thyroid function include thyroxine (T4), thyroglobulin, thyroid-stimulating hormone (TSH), triiodothyronine (T3), calcitonin, thyroid antibody, etc. Owing to the rising number of infants with medical conditions, such as thyrotropin receptor autoantibodies (TRAb), craniosynostosis, advanced bone age, etc., there is an increase in the demand for thyroid function tests.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Thyroid Function Test Market Trends:
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Global Thyroid Function Test Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abbott Laboratories, Autobio Diagnostics Co. Ltd, bioMérieux SA, Diagnostic Automation/Cortez Diagnostics Inc., DiaSorin S.p.A., F. Hoffmann-La Roche AG, Merck KGaA, Qualigen Inc., Quidel Corporation, Siemens AG, and Thermo Fisher Scientific Inc.
The report has segmented the market on the basis on region, test type, indication and end user.
Breakup by Test Type:
- TSH Tests
- T3 Tests
- T4 Tests
Breakup by Indication:
- Thyroid Cancer
Breakup by End User:
- Diagnostic Laboratories
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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