HOME › Top Market Reports › Thyroid Function Test Market by Type (TSH Tests, T4 Tests, T3 Tests), End User (Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes), and Region (North America, Europe, APAC, LATAM, and MEA) - Global Forecast to 2022

Thyroid Function Test Market by Type (TSH Tests, T4 Tests, T3 Tests), End User (Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes), and Region (North America, Europe, APAC, LATAM, and MEA) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: BT 6032

The global thyroid function tests market is projected to reach USD 1.68 Billion by 2022 from an estimated USD 1.19 Billion in 2016, at a CAGR of 5.9% during the forecast period. Factors such as increasing incidence of thyroid disorders, increasing awareness about thyroid disorders, increasing prevalence of lifestyle diseases, rising geriatric population, and increasing consumption of alcohol and tobacco are driving the growth of this market.

The base year considered for the study is 2016 and the forecast period is 2017–2022.

Objectives of the Study:

To define, describe, segment, and forecast the global market by type, end user, and region
To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
To analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To profile the key players and comprehensively analyze their product portfolios, market shares, and core competencies in the global thyroid function tests market
To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
To track and analyze competitive developments such as agreements, collaborations, and partnerships; product launches and enhancements; expansions; and mergers and acquisitions

Research Methodology:

Both, top-down and bottom-up approaches were used to estimate and validate the size of the global market and to estimate the size of various other dependent submarkets in the overall thyroid function tests market. Various secondary sources, such as associations like American Thyroid Association, British Thyroid Foundation, American Association for Clinical Chemistry, European Thyroid Association (ETA), Asia & Oceania Thyroid Association, Asia-Pacific Society of Thyroid Surgery, Latin American Thyroid Society, directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

Thyroid Function Test Market

To know about the assumptions considered for the study, download the pdf brochure

Thermo Fisher (US), Abbott (US), Roche (Switzerland), DiaSorin (Italy), Danaher (US), Kronus (US), Merck (Germany), Cortez Diagnostics (US), bioMérieux (France), Qualigen (US), and Autobio Diagnostics (China) are the top players operating in the thyroid function test market.

Target Audience:

Group purchase organizations (GPOs)
OEM manufacturers
Pathologists and pathology laboratories
Distributors of thyroid function test products
Hospitals and clinics
Healthcare institutions
Research institutes
Market research and consulting firms
Venture capitalists
Private equity firms
Angel investors
Investment banks
Government bodies
Corporate entities

Scope of the Report:

This research report categorizes the global market into the following segments:

Thyroid Function Tests Market, by Type

TSH Tests
T4 Tests
T3 Tests
Other Tests

Thyroid Function Tests Market, by End User

Hospitals
Diagnostic Laboratories
Research Laboratories & Institutes
Other End Users

Thyroid Function Tests Market, by Region

North America
- US
- Canada
Europe
- Germany
- France
- Italy
- Spain
- UK
- Russia
- Rest of Europe (RoE)
Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific (RoAPAC)
Latin America
- Brazil
- Mexico
- Rest of Latin America (RoLA)
Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization option is available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Traingulation
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Thyroid Function Tests: Market Overview
    4.2 Asia Pacific: Market Share, By Type and Country
    4.3 Market, By Type
    4.4 Thyroid Function Test Market, By End User
    4.5 Geographic Snapshot of the Market

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Incidence of Thyroid Disorders
                    5.2.1.2 Increasing Awareness About Thyroid Disorders
                    5.2.1.3 Increasing Prevalence of Lifestyle Diseases and Rising Geriatric Population
                    5.2.1.4 Increasing Consumption of Alcohol and Tobacco
           5.2.2 Restraints
                    5.2.2.1 Unfavorable Healthcare Reforms in the Us
           5.2.3 Opportunities
                    5.2.3.1 Growth Opportunities in Emerging Asia Pacific Countries
           5.2.4 Challenges
                    5.2.4.1 Fluctuations in the Reference Range for Thyroid Function Tests

6 Thyroid Function Test Market, By Type (Page No. - 36)
    6.1 Introduction
    6.2 TSH Tests
    6.3 T4 Tests
    6.4 T3 Tests
    6.5 Other Tests

7 Thyroid Function Test Market, By End User (Page No. - 45)
    7.1 Introduction
    7.2 Hospitals
    7.3 Diagnostic Laboratories
    7.4 Research Laboratories and Institutes
    7.5 Other End Users

8 Thyroid Function Test Market, By Region (Page No. - 51)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
    8.3 Europe
           8.3.1 Germany
           8.3.2 France
           8.3.3 UK
           8.3.4 Italy
           8.3.5 Spain
           8.3.6 Russia
           8.3.7 Rest of Europe
    8.4 Asia Pacific
           8.4.1 Japan
           8.4.2 China
           8.4.3 India
           8.4.4 Rest of Asia Pacific
    8.5 Latin America
           8.5.1 Brazil
           8.5.2 Mexico
           8.5.3 Rest of Latin America
    8.6 Middle East and Africa

9 Competitive Landscape (Page No. - 87)
    9.1 Overview
    9.2 Ranking of Players and Industry Concentration, 2016
    9.3 Competitive Scenario
           9.3.1 Acquisitions
           9.3.2 Expansions
           9.3.3 Agreements, Partnerships, and Collaborations
           9.3.4 Product Launches and Enhancements

10 Company Profiles (Page No. - 91)
     10.1 Abbott
     10.2 Merck
     10.3 Thermo Fisher
     10.4 Danaher
     10.5 Roche
     10.6 Diasorin
     10.7 Biomérieux
     10.8 Diagnostic Automation/Cortez Diagnostics
     10.9 Qualigen
     10.10 Kronus
     10.11 Autobio Diagnostics

11 Appendix (Page No. - 113)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details

List of Tables (65 Tables)

Table 1 Thyroid Function Test Market, By Type, 2015–2022 (USD Million)
Table 2 TSH Tests Market, By Region, 2015–2022 (USD Million)
Table 3 TSH Tests Market, By Country, 2015–2022 (USD Million)
Table 4 T4 Tests Market, By Region, 2015–2022 (USD Million)
Table 5 T4 Tests Market, By Country, 2015–2022 (USD Million)
Table 6 T3 Tests Market, By Region, 2015–2022 (USD Million)
Table 7 T3 Tests Market, By Country, 2015–2022 (USD Million)
Table 8 Other Thyroid Function Test Market, By Region, 2015–2022 (USD Million)
Table 9 Other Market, By Country, 2015–2022 (USD Million)
Table 10 Market, By End User, 2015–2022 (USD Million)
Table 11 Thyroid Function Test Market for Hospitals, By Region, 2015–2022 (USD Million)
Table 12 Market for Diagnostic Laboratories, By Region, 2015–2022 (USD Million)
Table 13 Market for Research Laboratories and Institutes, By Region, 2015–2022 (USD Million)
Table 14 Market for Other End Users, By Region, 2015–2022 (USD Million)
Table 15 Thyroid Function Test Market, By Region, 2015–2022 (USD Million)
Table 16 North America: Market, By Country, 2015–2022 (USD Million)
Table 17 North America: Market, By Type, 2015–2022 (USD Million)
Table 18 North America: Market, By End User, 2015–2022 (USD Million)
Table 19 US: Market, By Type, 2015–2022 (USD Million)
Table 20 US: Market, By End User, 2015–2022 (USD Million)
Table 21 Canada: Thyroid Function Tests Market, By Type, 2015–2022 (USD Million)
Table 22 Canada: Market, By End User, 2015–2022 (USD Million)
Table 23 Europe: Thyroid Function Test Market, By Country, 2015–2022 (USD Million)
Table 24 Europe: Thyroid Function Test Market, By Type, 2015–2022 (USD Million)
Table 25 Europe: Thyroid Function Tests Market, By End User, 2015–2022 (USD Million)
Table 26 Germany: Market, By Type, 2015–2022 (USD Million)
Table 27 Germany: Market, By End User, 2015–2022 (USD Million)
Table 28 France: Market, By Type, 2015–2022 (USD Million)
Table 29 France: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 30 UK: Thyroid Function Test Market, By Type, 2015–2022 (USD Million)
Table 31 UK: Thyroid Function Tests Market, By End User, 2015–2022 (USD Million)
Table 32 Italy: Market, By Type, 2015–2022 (USD Million)
Table 33 Italy: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 34 Spain: Thyroid Function Test Market, By Type, 2015–2022 (USD Million)
Table 35 Spain: Market, By End User, 2015–2022 (USD Million)
Table 36 Russia: Thyroid Function Tests Market, By Type, 2015–2022 (USD Million)
Table 37 Russia: Market, By End User, 2015–2022 (USD Million)
Table 38 RoE: Market, By Type, 2015–2022 (USD Million)
Table 39 RoE: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 40 Asia Pacific: Thyroid Function Tests Market, By Country, 2015–2022 (USD Million)
Table 41 Asia Pacific: Thyroid Function Test Market, By Type, 2015–2022 (USD Million)
Table 42 Asia Pacific: Market, By End User, 2015–2022 (USD Million)
Table 43 Japan: Market, By Type, 2015–2022 (USD Million)
Table 44 Japan: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 45 China: Market, By Type, 2015–2022 (USD Million)
Table 46 China : Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 47 India: Thyroid Function Tests Market, By Type, 2015–2022 (USD Million)
Table 48 India: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 49 RoAPAC: Market, By Type, 2015–2022 (USD Million)
Table 50 RoAPAC: Thyroid Function Tests Market, By End User, 2015–2022 (USD Million)
Table 51 Latin America: Market, By Country, 2015–2022 (USD Million)
Table 52 Latin America: Market, By Type, 2015–2022 (USD Million)
Table 53 Latin America: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 54 Brazil: Thyroid Function Test Market, By Type, 2015–2022 (USD Million)
Table 55 Brazil: Thyroid Function Tests Market, By End User, 2015–2022 (USD Million)
Table 56 Mexico: Market, By Type, 2015–2022 (USD Million)
Table 57 Mexico: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 58 RoLA: Market, By Type, 2015–2022 (USD Million)
Table 59 RoLA: Thyroid Function Test Market, By End User, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market, By Type, 2015–2022 (USD Million)
Table 61 Middle East and Africa: Thyroid Function Tests Market, By End User, 2015–2022 (USD Million)
Table 62 Acquisitions (2014–2017)
Table 63 Expansions (2014–2017)
Table 64 Agreements, Collaborations, and Partnerships (2014–2017)
Table 65 Product Launches (2014–2017)

List of Figures (31 Figures)

Figure 1 Research Methodology: Global Thyroid Function Tests Market
Figure 2 Research Design
Figure 3 Sampling Frame: Primary Research
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Global Market, By Type, 2017 vs 2022
Figure 8 Global Thyroid Function Test Market, By End User, 2017 vs 2022
Figure 9 Asia Pacific to Register the Highest Growth During the Forecast Period
Figure 10 Increasing Incidence of Thyroid Disorders Driving Market Growth
Figure 11 TSH Tests Segment to Account for the Largest Share of the Asia Pacific Market
Figure 12 TSH Tests Segment to Continue to Dominate the Market, Between 2017 and 2022
Figure 13 Hospitals Segment to Dominate the Thyroid Function Tests Market Between 2017 and 2022
Figure 14 China to Register the Highest CAGR During the Forecast Period
Figure 15 Drivers, Restraints, Opportunities, & Challenges
Figure 16 TSH Tests Segment to Account for the Largest Share of the Market in 2017
Figure 17 Hospitals Form the Largest End-User Segment in the Thyroid Function Tests Market
Figure 18 Thyroid Function Tests: Regional Market Overview
Figure 19 North America: Market Snapshot
Figure 20 Europe: Thyroid Function Test Market Snapshot
Figure 21 Asia Pacific: Thyroid Function Test Market Snapshot
Figure 22 China: Disposable Income Per Capita
Figure 23 Latin America: Thyroid Function Tests Market Snapshot
Figure 24 Key Developments in the Market Between 2014 and 2017
Figure 25 Abbott Led the Thyroid Function Tests Market in 2016
Figure 26 Abbott: Company Snapshot (2016)
Figure 27 Merck: Company Snapshot
Figure 28 Thermo Fisher: Company Snapshot
Figure 29 Danaher: Company Snapshot
Figure 30 Roche : Company Snapshot
Figure 31 Biomérieux: Company Snapshot

The global thyroid function tests market is projected to USD 1.68 Billion by 2022 from an estimated USD 1.26 Billion in 2017, at a CAGR of 5.9% during the forecast period. This growth can be attributed to factors such as increasing incidence of thyroid disorders, increasing awareness about thyroid disorders, increasing prevalence of lifestyle diseases, rising geriatric population, and increasing consumption of alcohol and tobacco.

By type, the market is segmented into TSH tests, T4 test, T3 tests, and other tests. In 2017, the TSH tests segment is expected to command the largest share and grow at the highest CAGR during the forecast period. Growth in the TSH tests segment can largely be attributed to the rising burden of thyroid disorders globally.

By end user, the market is segmented into hospitals, diagnostic laboratories, research laboratories & institutes, and other end users. In 2017, the hospitals segment is expected to command the largest share and grow at the highest CAGR during the forecast period. Growth in the hospitals segment can largely be attributed to factors such as high volume of thyroid function tests performed in hospital-based laboratories across the globe, growing patient population (and the subsequent increase in the number of clinical tests performed in hospitals), growing number of public healthcare awareness campaigns organized by hospitals.

Geographically, the North American market is expected to account for the largest share of the global thyroid function test market due to the presence of an advanced healthcare infrastructure in North American countries such as the US and Canada. However, the Asia Pacific market is expected to grow at the highest CAGR in the forecast period. This growth can be attributed to factors such as the presence of a large target patient population, increasing disposable income of the middle-class population, and improving healthcare infrastructure in emerging countries such as China and India.

Thyroid Function Test Market

Unfavorable healthcare reforms may restrain the growth of the market to some extent.

Thermo Fisher (US), Abbott (US), Roche (Switzerland), DiaSorin (Italy), Danaher (US), Kronus (US), Merck (Germany), Cortez Diagnostics (US), bioMérieux (France), Qualigen (US), and Autobio Diagnostics (China) are some of the major players operating in the thyroid function tests market.

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