PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279866
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279866
Global Thyroid Function Test Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2023-2030. Blood tests are performed as part of a thyroid function test to determine whether thyroid hormone levels are adequate. These blood tests can determine if the thyroid's ability to produce hormones is normal, excessive, or insufficient. It involves many test kinds as T3, T4, TSH, and T3RU. Furthermore, these tests are performed at diagnostic facilities that have the tools needed to perform them by medical experts. These tests are furthermore performed at hospitals where medical professionals diagnose thyroid-related disorders. The market growth is driven by significant factors such as the rising burden of thyroid disorders, increasing consumption of tobacco and alcohol, and a sedentary lifestyle.
Due to sedentary lifestyles, smoking, drinking alcohol, and eating unhealthy meals are becoming more and more common in developed and developing nations, which causes major thyroid diseases. According to GLOBOCAN figures that were updated in 2020, there were an estimated 586,000 new cases of thyroid cancer in 2020, and that number is projected to rise to 761,000 by 2040. As a result, the high incidence of thyroid eye disease supports research and development efforts in the market under study, which will also substantially contribute to market growth. Furthermore, according to a report by American Cancer Society Inc., 11,860 men and 31,940 women are anticipated to get thyroid cancer in the United States in 2022, totaling 43,800 new cases. The market is thus predicted to grow as a result of the high prevalence of thyroid cancer in the nation and the need for thyroid function testing for early detection. Moreover, Growth opportunities in emerging markets enhance the opportunities for the market. However, a Lack of awareness in underdeveloped nations stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Thyroid Function Test Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East Africa. North America is expected to maintain its position as the leading and fastest-growing region in the thyroid function test market in the coming years, driven by factors such as a high prevalence of thyroid disorders, technological advancements, and favorable reimbursement policies.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable