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Thyroid Function Test Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 143 pages | ID: T59BCAEAC435EN
IMARC Group

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The global thyroid function test market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.96% during 2023-2028.

Thyroid function tests are used to measure the levels of hormones in the blood. They help healthcare professionals diagnose diseases like thyroiditis, nodules, cancer, tumors, goiter, Graves’, Hashimoto’s, hyperthyroidism, and hypothyroidism. Some of the tests advised by doctors to evaluate thyroid function include triiodothyronine (T3), thyroxine (T4), calcitonin, thyroglobulin, thyroid antibody, and thyroid-stimulating hormone (TSH). Presently, there is a rise number of infants with elevated thyrotropin receptor autoantibodies (TRAb), advanced bone age, and craniosynostosis are at a high risk of developing thyroid-related conditions. As a result, there is an increase in the demand for thyroid function tests to screen newborn babies for inherited problems with the thyroid gland.

Thyroid Function Test Market Trends:
Certain medications, such as amiodarone and lithium, and conditions like Type 1 diabetes, Coeliac, Addison's, Down's, and Turner syndrome increase the risk of developing thyroid. This, in confluence with a plethora of medical ailments and easy access to healthcare services, represents one of the significant factors positively influencing the need for thyroid function tests. Moreover, thyroid hormones maintain the functions of the brain, heart, muscles, and other organs and their under or overproduction can lead to serious health deteriorations. This, along with the increasing awareness about early diagnosis and improving diagnostic modalities, is contributing to market growth. Besides this, the growing geriatric population and considerable number of awareness campaigns supported by health agencies of numerous countries are driving the market for thyroid function tests. Furthermore, governments of various countries are planning to mandate newborn screening programs due to the rising prevalence of congenital conditions among infants. This, coupled with the increasing concerns among parents about the health of their children, is bolstering the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global thyroid function test market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on test type, indication and end user.

Breakup by Test Type:

TSH Tests
T3 Tests
T4 Tests
Others

Breakup by Indication:

Hypothyroidism
Hyperthyroidism
Thyroid Cancer
Others

Breakup by End User:

Hospitals
Diagnostic Laboratories
Others

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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Autobio Diagnostics Co. Ltd, bioMйrieux 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.

Key Questions Answered in This Report
1. What was the size of the global thyroid function test market in 2022?
2. What is the expected growth rate of the global thyroid function test market during 2023-2028?
3. What are the key factors driving the global thyroid function test market?
4. What has been the impact of COVID-19 on the global thyroid function test market?
5. What is the breakup of the global thyroid function test market based on test type?
6. What is the breakup of the global thyroid function test market based on the indication?
7. What is the breakup of the global thyroid function test market based on the end user?
8. What are the key regions in the global thyroid function test market?
9. Who are the key players/companies in the global thyroid function test market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL THYROID FUNCTION TEST MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TEST TYPE

6.1 TSH Tests
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 T3 Tests
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 T4 Tests
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY INDICATION

7.1 Hypothyroidism
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Hyperthyroidism
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Thyroid Cancer
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY END USER

8.1 Hospitals
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Diagnostic Laboratories
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Abbott Laboratories
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Autobio Diagnostics Co. Ltd
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
  14.3.3 bioMйrieux SA
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Diagnostic Automation/Cortez Diagnostics Inc.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 DiaSorin S.p.A.
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 F. Hoffmann-La Roche AG
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
  14.3.7 Merck KGaA
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
  14.3.8 Qualigen Inc.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Quidel Corporation
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
  14.3.10 Siemens AG
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Thermo Fisher Scientific Inc.
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials

LIST OF TABLES

Table 1: Global: Thyroid Function Test Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Thyroid Function Test Market Forecast: Breakup by Test Type (in Million US$), 2023-2028
Table 3: Global: Thyroid Function Test Market Forecast: Breakup by Indication (in Million US$), 2023-2028
Table 4: Global: Thyroid Function Test Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Thyroid Function Test Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Thyroid Function Test Market: Competitive Structure
Table 7: Global: Thyroid Function Test Market: Key Players

LIST OF FIGURES

Figure 1: Global: Thyroid Function Test Market: Major Drivers and Challenges
Figure 2: Global: Thyroid Function Test Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Thyroid Function Test Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Thyroid Function Test Market: Breakup by Test Type (in %), 2022
Figure 5: Global: Thyroid Function Test Market: Breakup by Indication (in %), 2022
Figure 6: Global: Thyroid Function Test Market: Breakup by End User (in %), 2022
Figure 7: Global: Thyroid Function Test Market: Breakup by Region (in %), 2022
Figure 8: Global: Thyroid Function Test (TSH Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Thyroid Function Test (TSH Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Thyroid Function Test (T3 Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Thyroid Function Test (T3 Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Thyroid Function Test (T4 Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Thyroid Function Test (T4 Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Thyroid Function Test (Other Test Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Thyroid Function Test (Other Test Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Thyroid Function Test (Hypothyroidism) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Thyroid Function Test (Hypothyroidism) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Thyroid Function Test (Hyperthyroidism) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Thyroid Function Test (Hyperthyroidism) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Thyroid Function Test (Thyroid Cancer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Thyroid Function Test (Thyroid Cancer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Thyroid Function Test (Other Indications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Thyroid Function Test (Other Indications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Thyroid Function Test (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Thyroid Function Test (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Thyroid Function Test (Diagnostic Laboratories) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Thyroid Function Test (Diagnostic Laboratories) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Thyroid Function Test (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Thyroid Function Test (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Thyroid Function Test Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Thyroid Function Test Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Thyroid Function Test Industry: SWOT Analysis
Figure 80: Global: Thyroid Function Test Industry: Value Chain Analysis
Figure 81: Global: Thyroid Function Test Industry: Porter's Five Forces Analysis


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