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PUBLISHER: IMARC | PRODUCT CODE: 1451402

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PUBLISHER: IMARC | PRODUCT CODE: 1451402

Thyroid Function Test Market Report by Test Type (TSH Tests, T3 Tests, T4 Tests, and Others), Indication (Hypothyroidism, Hyperthyroidism, Thyroid Cancer, and Others), End User (Hospitals, Diagnostic Laboratories, and Others), and Region 2024-2032

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The global thyroid function test market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

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 2024-2032. 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, bioMerieux 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 2023?
  • 2. What is the expected growth rate of the global thyroid function test market during 2024-2032?
  • 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?
Product Code: SR112024A4132

Table of Contents

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 bioMerieux 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
Product Code: SR112024A4132

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$), 2018-2023
  • Figure 3: Global: Thyroid Function Test Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Thyroid Function Test Market: Breakup by Test Type (in %), 2023
  • Figure 5: Global: Thyroid Function Test Market: Breakup by Indication (in %), 2023
  • Figure 6: Global: Thyroid Function Test Market: Breakup by End User (in %), 2023
  • Figure 7: Global: Thyroid Function Test Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Thyroid Function Test (TSH Tests) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Thyroid Function Test (TSH Tests) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Thyroid Function Test (T3 Tests) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Thyroid Function Test (T3 Tests) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Thyroid Function Test (T4 Tests) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Thyroid Function Test (T4 Tests) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Thyroid Function Test (Other Test Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Thyroid Function Test (Other Test Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Thyroid Function Test (Hypothyroidism) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Thyroid Function Test (Hypothyroidism) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Thyroid Function Test (Hyperthyroidism) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Thyroid Function Test (Hyperthyroidism) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Thyroid Function Test (Thyroid Cancer) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Thyroid Function Test (Thyroid Cancer) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Thyroid Function Test (Other Indications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Thyroid Function Test (Other Indications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Thyroid Function Test (Hospitals) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Thyroid Function Test (Hospitals) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Thyroid Function Test (Diagnostic Laboratories) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Thyroid Function Test (Diagnostic Laboratories) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Thyroid Function Test (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Thyroid Function Test (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: North America: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: North America: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: United States: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: United States: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Canada: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Canada: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Asia-Pacific: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Asia-Pacific: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: China: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: China: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Japan: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Japan: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: India: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: India: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: South Korea: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: South Korea: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Australia: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Australia: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Indonesia: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Indonesia: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Others: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Others: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Europe: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Europe: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Germany: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Germany: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: France: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: France: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: United Kingdom: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: United Kingdom: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Italy: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Italy: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Spain: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Spain: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Russia: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Russia: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Others: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Others: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Latin America: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Latin America: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Brazil: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Brazil: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Mexico: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Mexico: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Others: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Others: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Middle East and Africa: Thyroid Function Test Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Middle East and Africa: Thyroid Function Test Market: Breakup by Country (in %), 2023
  • Figure 78: Middle East and Africa: Thyroid Function Test Market Forecast: Sales Value (in Million US$), 2024-2032
  • 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

List of Tables

  • Table 1: Global: Thyroid Function Test Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Thyroid Function Test Market Forecast: Breakup by Test Type (in Million US$), 2024-2032
  • Table 3: Global: Thyroid Function Test Market Forecast: Breakup by Indication (in Million US$), 2024-2032
  • Table 4: Global: Thyroid Function Test Market Forecast: Breakup by End User (in Million US$), 2024-2032
  • Table 5: Global: Thyroid Function Test Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Thyroid Function Test Market: Competitive Structure
  • Table 7: Global: Thyroid Function Test Market: Key Players
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