Global Thyroid Function Test Market Size Study & Forecast by Test Type (TSH, T4, T3, Free T4) and End-Use (Clinics, Diagnostic Laboratories, Hospitals, Research Institutes) and Regional Forecasts 2022-2032

Description

The global thyroid function test market, valued at approximately USD 5.09 billion in 2024, is projected to grow at a robust CAGR of 6.31% between 2025 and 2035. Thyroid function tests play a crucial role in diagnosing and monitoring thyroid-related disorders by measuring hormones such as TSH, T4, T3, and Free T4. These diagnostic procedures are indispensable for endocrinologists and general practitioners alike, assisting in early detection and treatment planning. The escalating prevalence of thyroid disorders worldwide, combined with increased health awareness and advancements in diagnostic technologies, propels the demand for these tests. Furthermore, the aging global population and rising incidence of autoimmune diseases contribute significantly to the expanding market size.

The surge in demand for thyroid function tests can be attributed to several factors, including the growing focus on preventive healthcare and the rising number of routine health checkups in both developed and emerging economies. Technological innovations, such as automated immunoassay analyzers and point-of-care testing devices, have enhanced the accuracy and turnaround time of these tests, thereby driving their adoption across diverse healthcare settings. Additionally, government initiatives aimed at improving healthcare infrastructure and increasing accessibility to diagnostic services in underserved regions create lucrative growth opportunities. However, challenges such as the high cost of advanced diagnostic equipment and limited healthcare spending in low-income countries might restrain market growth to some extent over the forecast period.

Regionally, North America dominates the thyroid function test market in 2025, driven by its well-established healthcare infrastructure, high prevalence of thyroid disorders, and widespread adoption of advanced diagnostic technologies. The U.S., in particular, accounts for a substantial market share due to rising awareness about thyroid health and extensive research funding. Europe holds a significant share as well, with countries like Germany, the UK, and France investing heavily in healthcare services and diagnostics. Meanwhile, the Asia Pacific region is expected to exhibit the fastest growth during the forecast period, fueled by expanding healthcare facilities, increasing government expenditure, and rising incidence of thyroid diseases in populous countries such as China and India. Furthermore, improving diagnostic capabilities and growing patient awareness in Latin America and the Middle East & Africa are gradually transforming these markets into attractive opportunities for key players.

Major market players included in this report are:

Roche Diagnostics
Abbott Laboratories
Siemens Healthineers
Thermo Fisher Scientific
Bio-Rad Laboratories
Danaher Corporation
Becton, Dickinson and Company
Beckman Coulter, Inc.
Hologic, Inc.
Ortho Clinical Diagnostics
Sysmex Corporation
Luminex Corporation
DiaSorin S.p.A.
Fujirebio Inc.
Bio-Techne Corporation

Global Thyroid Function Test Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Test Type:

TSH Test
T4 Test
T3 Test
Free T4 Test

By End-Use:

Clinics
Diagnostic Laboratories
Hospitals
Research Laboratories & Institutes

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Thyroid Function Test Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Thyroid Function Test Market Forces Analysis

3.1. Market Forces Shaping The Global Thyroid Function Test Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising prevalence of thyroid disorders worldwide
- 3.2.2. Increasing health awareness and focus on preventive healthcare
- 3.2.3. Technological advancements in diagnostic devices (e.g., automated immunoassay analyzers, point-of-care testing)
- 3.2.4. Growing aging population and higher incidence of autoimmune diseases
3.3. Restraints
- 3.3.1. High cost of advanced diagnostic equipment
- 3.3.2. Limited healthcare spending in low-income countries
3.4. Opportunities
- 3.4.1. Expansion of healthcare infrastructure in emerging economies
- 3.4.2. Government initiatives to improve accessibility of diagnostic services
- 3.4.3. Increasing demand for routine health checkups

Chapter 4. Global Thyroid Function Test Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Thyroid Function Test Market Size & Forecasts by Test Type 2025-2035

5.1. Market Overview
5.2. Global Thyroid Function Test Market Performance - Potential Analysis (2025)
5.3. TSH Test
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. T4 Test
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. T3 Test
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
5.6. Free T4 Test
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Thyroid Function Test Market Size & Forecasts by End-Use 2025-2035

6.1. Market Overview
6.2. Global Thyroid Function Test Market Performance - Potential Analysis (2025)
6.3. Clinics
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Diagnostic Laboratories
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Hospitals
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Research Laboratories & Institutes
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Thyroid Function Test Market Size & Forecasts by Region 2025-2035

7.1. Thyroid Function Test Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Thyroid Function Test Market
- 7.3.1. U.S. Thyroid Function Test Market
  - 7.3.1.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.3.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Thyroid Function Test Market
  - 7.3.2.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.3.2.2. End-Use breakdown size & forecasts, 2025-2035
7.4. Europe Thyroid Function Test Market
- 7.4.1. UK Thyroid Function Test Market
  - 7.4.1.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.4.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Thyroid Function Test Market
  - 7.4.2.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.4.2.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.3. France Thyroid Function Test Market
  - 7.4.3.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.4.3.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Thyroid Function Test Market
  - 7.4.4.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.4.4.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Thyroid Function Test Market
  - 7.4.5.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.4.5.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Thyroid Function Test Market
  - 7.4.6.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.4.6.2. End-Use breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Thyroid Function Test Market
- 7.5.1. China Thyroid Function Test Market
  - 7.5.1.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.5.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.2. India Thyroid Function Test Market
  - 7.5.2.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.5.2.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Thyroid Function Test Market
  - 7.5.3.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.5.3.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Thyroid Function Test Market
  - 7.5.4.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.5.4.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Thyroid Function Test Market
  - 7.5.5.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.5.5.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific Thyroid Function Test Market
  - 7.5.6.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.5.6.2. End-Use breakdown size & forecasts, 2025-2035
7.6. Latin America Thyroid Function Test Market
- 7.6.1. Brazil Thyroid Function Test Market
  - 7.6.1.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.6.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Thyroid Function Test Market
  - 7.6.2.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.6.2.2. End-Use breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Thyroid Function Test Market
- 7.7.1. UAE Thyroid Function Test Market
  - 7.7.1.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.7.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia Thyroid Function Test Market
  - 7.7.2.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.7.2.2. End-Use breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Thyroid Function Test Market
  - 7.7.3.1. Test Type breakdown size & forecasts, 2025-2035
  - 7.7.3.2. End-Use breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Roche Diagnostics
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Abbott Laboratories
8.4. Siemens Healthineers
8.5. Thermo Fisher Scientific
8.6. Bio-Rad Laboratories
8.7. Danaher Corporation
8.8. Becton, Dickinson and Company
8.9. Beckman Coulter, Inc.
8.10. Hologic, Inc.
8.11. Ortho Clinical Diagnostics
8.12. Sysmex Corporation
8.13. Luminex Corporation
8.14. DiaSorin S.p.A.
8.15. Fujirebio Inc.
8.16. Bio-Techne Corporation