Reports and Data has recently added an all-inclusive report titled “Global Thyroid Function Tests Market Research Report 2021” that explores the Thyroid Function Tests market with reference to profit margins, value chain analysis, market entry strategies, recent developments, business landscape of the Thyroid Function Tests market, and opportunities. Key statistical data is obtained through extensive SWOT analysis and PESTEL analysis. The research report analyses the business landscape, profiles of key competitors, production capacity, product portfolio, production cost, market share, market size, revenue growth, revenue contribution, industry overview and growth driving factors throughout the forecast period.
Increasing prevalence of sedentary lifestyle and lifestyle-induced diseases such as obesity, diabetes, and heart conditions across all age group has further boosted demand for thyroid function tests as a routine assessment. This is expected to contribute significantly to revenue growth of the market over the forecast period. However, dearth of skilled endocrinologists, low awareness about thyroid conditions and diagnostic tests in underdeveloped countries, and unfavorable reimbursement scenario are expected to restrain market growth to a certain extent over the forecast period.
Prominent companies in the market include:
Thermo Fisher Scientific, Inc., Abbott Laboratories, Roche AG, DiaSorin, Danaher Corporation, Kronus, Merck KGaA, Cortez Diagnostics, Siemens Healthineers, bioMérieux, Qualigen, and Autobio Diagnostics, among others.
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Some Key Highlights from the Report:
- TSH test segment is expected to register significant revenue share over the forecast period owing to increasing burden of thyroid disorders and chronic diseases, growing demand for cost-efficient diagnostic tests, and growing prevalence of subclinical hypothyroidism.
- Hospitals segment is expected to register rapid revenue CAGR over the forecast period attributable to increasing application of thyroid function tests in hospitals, growing patient pool, and improved affordability of thyroid panel in hospital-based laboratories.
- North America is expected to account for largest revenue share in the global market over the forecast period owing to the rising prevalence of thyroid disorders and autoimmune disorders, establishment of state-of-the-art healthcare infrastructure, and adoption of thyroid function tests in routine health assessments.
For the purpose of this report, Reports and Data has segmented the global thyroid function tests market based on type, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- TSH
- T3
- T4
- Other tests
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Diagnostic Laboratories
- Research Laboratories Institutes
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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