Thyroid Test Market Research Report - Global Forecast till 2027

Thyroid Test Market Research Report: By Type (TSH Tests, T4 Tests, T3 Tests, Other) and By End-User (Hospital, Diagnostic Laboratories, Research Laboratories and Institutes) – Forecast to 2027

ID: MRFR/HC/7076-HCR | February 2021 | Region: Global | 111 Pages         

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Thyroid Test Market, by Type

1.1.2. Global Thyroid Test Market, by End User

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Data Mining

3.3. Secondary Research

3.4. Primary Research

3.5. Breakdown of Primary Respondents

3.6. Forecasting Techniques

3.7. Research Methodology for Market Size Estimation

3.8. Bottom-Up Approach

3.9. Top-Down Approach

3.10. Data Triangulation

3.11. Validation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.2.1. R&D and Designing

5.2.2. Manufacturing

5.2.3. Distribution & Sales

5.2.4. Post Sales Services

6. GLOBAL THYROID TEST MARKET, BY TYPE

6.1. Overview

6.2. TSH Tests

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3. T4 Tests

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4. T3 Tests

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.5. Other Tests

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7. GLOBAL THYROID TEST MARKET, BY END USER

7.1. Overview

7.2. Hospital

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3. Diagnostic Laboratories

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4. Research Laboratories and Institutes

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.5. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8. GLOBAL THYROID TEST MARKET, BY REGION

8.1. Overview

8.2. Americas

8.2.1. North America

8.2.1.1. US

8.2.1.2. Canada

8.2.2. Latin America

8.3. Europe

8.3.1. Western Europe

8.3.1.1. Germany

8.3.1.2. France

8.3.1.3. Italy

8.3.1.4. Spain

8.3.1.5. UK

8.3.1.6. Rest of Western Europe

8.3.2. Eastern Europe

8.4. Asia-Pacific

8.4.1. Japan

8.4.2. China

8.4.3. India

8.4.4. Australia

8.4.5. South Korea

8.4.6. Rest of Asia-Pacific

8.5. Middle East & Africa

8.5.1. Middle East

8.5.2. Africa

9. COMPANY LANDSCAPE

9.1. Overview

9.2. Competitor Dashboard

9.3. Major Growth Strategy in the Global Thyroid Test Market

9.4. Competitive Benchmarking

9.5. The Leading Player in terms of Number of Developments in the Global Thyroid Test Market

9.6. Key Developments & Growth Strategies

9.7. Major Players Financial Matrix & Market Ratio

10. COMPANY PROFILES

10.1. Abbott

10.1.1. Company Overview

10.1.2. Drugs/Services Offered

10.1.3. Financial Overview

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

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

11.1. References

11.2. Related Reports

 

LIST OF TABLES

TABLE 1 GLOBAL THYROID TEST MARKET SYNOPSIS, 2020-2027

TABLE 2 GLOBAL THYROID TEST MARKET ESTIMATES & FORECAST, 2020-2027 (USD MILLION)

TABLE 3 GLOBAL THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 4 GLOBAL THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 5 GLOBAL THYROID TEST MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 6 NORTH AMERICA: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 7 NORTH AMERICA: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 8 US: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 9 US: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 10 CANADA: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 11 CANADA: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 12 LATIN AMERICA: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 13 LATIN AMERICA: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 14 EUROPE: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 15 EUROPE: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 16 WESTERN EUROPE: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 17 WESTERN EUROPE: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 18 EASTERN EUROPE: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 19 EASTERN EUROPE: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 20 ASIA-PACIFIC: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 21 ASIA-PACIFIC: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 22 MIDDLE EAST & AFRICA: THYROID TEST MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 23 MIDDLE EAST & AFRICA: THYROID TEST MARKET, BY END USER, 2020-2027 (USD MILLION)

 

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL THYROID TEST MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL THYROID TEST MARKET

FIGURE 4 GLOBAL THYROID TEST MARKET SHARE, BY TYPE, 2020 (%)

FIGURE 5 GLOBAL THYROID TEST MARKET SHARE, BY END USER, 2020 (%)

FIGURE 6 GLOBAL THYROID TEST MARKET SHARE, BY REGION, 2020 (%)

FIGURE 7 AMERICAS: THYROID TEST MARKET SHARE BY REGION, 2020 (%)

FIGURE 8 NORTH AMERICA: THYROID TEST MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 9 EUROPE: THYROID TEST MARKET SHARE, BY REGION, 2020 (%)

FIGURE 10 WESTERN EUROPE: THYROID TEST MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 11 ASIA-PACIFIC: THYROID TEST MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 12 MIDDLE EAST & AFRICA: THYROID TEST MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 13 GLOBAL THYROID TEST MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

FIGURE 14 ABBOTT: KEY FINANCIALS

FIGURE 15 ABBOTT: SEGMENTAL REVENUE

FIGURE 16 ABBOTT: REGIONAL REVENUE

FIGURE 17 MERCK: KEY FINANCIALS

FIGURE 18 MERCK: SEGMENTAL REVENUE

FIGURE 19 MERCK: REGIONAL REVENUE

FIGURE 20 THERMO FISHER: KEY FINANCIALS

FIGURE 21 THERMO FISHER: SEGMENTAL REVENUE

FIGURE 22 THERMO FISHER: REGIONAL REVENUE

FIGURE 23 DANAHER: KEY FINANCIALS

FIGURE 24 DANAHER: SEGMENTAL REVENUE

FIGURE 25 DANAHER.: REGIONAL REVENUE

FIGURE 26 ROCHE: KEY FINANCIALS

FIGURE 27 ROCHE: SEGMENTAL REVENUE

FIGURE 28 ROCHE: REGIONAL REVENUE

FIGURE 29 DIASORIN: KEY FINANCIALS

FIGURE 30 DIASORIN: SEGMENTAL REVENUE

FIGURE 31 DIASORIN: REGIONAL REVENUE

FIGURE 32 BIOMÉRIEUX: KEY FINANCIALS

FIGURE 33 BIOMÉRIEUX: SEGMENTAL REVENUE

FIGURE 34 BIOMÉRIEUX: REGIONAL REVENUE

FIGURE 35 AUTOBIO DIAGNOSTICS: KEY FINANCIALS

FIGURE 36 AUTOBIO DIAGNOSTICS: SEGMENTAL REVENUE

FIGURE 37 AUTOBIO DIAGNOSTICS: REGIONAL REVENUE


Thyroid Test Market

Thyroid Test Market size is expected to register a CAGR of 5.8 % and was valued at USD 1,807 Million.

Segmentation

By Type Tsh Tests T4 Tests T3 Tests Other
By End-User Hospital Diagnostic Laboratories Research Laboratories And Institutes

Key Players

  • Abbott (US)
  • Merck (Germany)
  • Thermo Fisher (US)
  • Danaher (US)
  • Roche (Switzerland)
  • Diasorin(Italy)
  • Biomérieux(France)
  • Diagnostic Automation/Cortez Diagnostics (US)
  • Qualigen(US)
  • Kronus(US)
  • and Autobio Diagnostics(China).

Drivers

  • Increase in prevalence of thyroid disorders
  • Increasing prevalence of lifestyle diseases
  • Rise in healthcare expenditure
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Market overview


According to the recent research report, the global thyroid test market size reached USD 1,400 million in 2018, growing at a compound annual growth rate of 5.6%. The thyroid is a tiny gland that is placed in the lowest front region of the neck. It produces hormones that regulate metabolism. It is in charge of the control of several bodily functions, including digestion, energy production, and mood management. Tests for thyroid function are a set of blood tests that are used to determine the health of the thyroid gland. T3, T3RU, T4, and TSH are some of the thyroid tests that are accessible for use in determining thyroid function.


Thyroid disorders have risen to become a major public health problem in many parts of the globe. Genetic predisposition, environmental factors, inadequate iodine consumption, radiation from nuclear fallout and medical radiation, contact to polychlorinated biphenyls, and alcohol and cigarette usage are all possible causes of thyroid cancer. According to the American Thyroid Association, it is estimated that around 20 million residents in the United States still have some sort of thyroid illness. As a result of the high frequency of thyroid disorders, as well as the increased use of alcoholic beverages and tobacco products, the thyroid test market value is seeing significant expansion.


This report contains all the information on the global thyroid test market analysis and its strengths. In addition, the report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the global thyroid test market forecast for 2027 is also included in the report.


Covid 19 Analysis


In the course of the pandemic, several research studies have indicated that persons with thyroid issues are more susceptible to the COVID 19 disease, resulting in a considerable increase in the demand for additional endocrine testing across the world to evaluate and control thyroid hormone levels.


Market Dynamic


Drivers


A number of factors, including an increased occurrence of thyroid disorders, an increase in the public consciousness of thyroid disorders, an increase in the pervasiveness of unhealthy lifestyles, a rise in the rising senior, and an increase in cigarettes and alcohol consumption, are leading the thyroid test market growth.


Opportunities


Consumption of large amounts of alcohol has been linked to the development of hypothyroidism by reducing the action of type II 5'-deiodinase, which decreases the action of peripheral thyroid hormones, freeing T3 and T4. A reduction in TSH and a rise in thyroid hormones may be caused by smoking, as well.


Restraints


The thyroid function test market is predicted to rise, yet endocrinologists are scarce. Yet, endocrinologists are essential when it comes to treating some of the most common and difficult illnesses that Americans confront. 


Challenges


Patients with diabetes, hypothyroidism, osteoporosis, as well as other hormonal disorders can only get treatment from a small number of the nation's 6,500 endocrinologists at this time. Additionally, the complexity in interpreting thyroid blood tests is a causative factor to the sluggish development in the thyroid test market outlook.


Cumulative Growth Analysis


With the recent rise in popularity of TSH measurement in thyroid function testing, it is becoming even more cost-effective to screen patients for thyroid disease and define hyperthyroidism and provide biochemical treatment targets for patients with hypothyroidism or hyperthyroidism. When a patient has a TSH test, it is determined just how much of the hormone is present in their blood. The thyroid function test determines whether or not the thyroid gland is functioning properly. There's little to no danger involved when it comes to doing the blood sample. The mild discomfort or bruising that occurs at the site where the syringe was inserted subsides shortly.


Value Chain Analysis


According to the reports, the global thyroid test market is segmented on the basis of types, end-users, and regions. When it comes to checking the health of your thyroid, TSH Tests are the most popular method of doing so. Hypothyroidism is the most common cause of a high TSH level. A low TSH level generally indicates an overactive thyroid. T4 testing is only done if the thyroid-stimulating hormone (TSH) test findings are abnormal. A T4 test can assist your doctor in identifying the underlying issue that is causing your thyroid to malfunction. If T4 and TSH levels indicate hyperthyroidism, T3 tests are requested. And if there are indicators of a hyperactive thyroid gland but your T4 and TSH levels are not excessive, you should get them checked. Thyroid antibody tests and T3RU are two more types of testing that may be done.


For a thyroid test, hospitals have a significant worldwide thyroid test market share. Aspects such as the huge number of thyroid function tests conducted in hospital-based labs worldwide and the increasing affected person are to blame for the positive expansion of the hospital sector. Due to the growing number of diagnostics laboratories and the increased number of patients, diagnostic laboratories account for the second-largest percentage. Research laboratories and institutes take up the third-largest part because of the increasing efforts to raise awareness.


Segmentation Overview


The market is segmented based on types, end-users, and regions. The global thyroid test market trend is expected to witness decent growth during the forecast period.


thyroid test market, By Application


Based on the Application, the market is segmented into TSH Tests, T4 Tests, T3 Tests, and Other Tests.


thyroid test market, By end-users


Based on the propulsion types, the market is segmented into hospitals, Diagnostic Laboratories, and Research Laboratories and Institutes.


Regional Analysis


According to the reports, on the basis of the region, the global thyroid test market is divided into America, Europe, Asia Pacific, and the middle east & Africa. The American thyroid test market is the biggest in the world because of the vast population of patients, the growth in thyroid disease prevalence, and the increased understanding of the symptoms and medication of thyroid problems. A thyroid issue is expected to affect more than 12 % of the American inhabitants at some point in their lives, as per the American Thyroid Association. Furthermore, the American Thyroid Association reported that approximately 20 million Americans suffer from thyroid illness.


Europe's thyroid test market is rising as a result of the increasing pharmaceutical sector and the increasing preference for thyroid testing. In furthermore, businesses' increasing endeavours are fueling the market's expansion. Furthermore, the European Society of Endocrinology has launched an ESE Focus Area on Thyroid to boost scientific cooperation and cooperate with some other clinical disciplines to enhance treatment for patients with thyroid disorders.


The thyroid test market in the Asia-Pacific region is expected to develop at the quickest rate in the world. Development in the Asia-Pacific market is driven by an increasing population and an increasing number of patients. In addition, growing middle-class populations and improved healthcare facilities in developing nations like India and China also support the market's rise. Healthcare reforms, on the other hand, have the potential to limit the market's expansion.


Competitive landscape


In addition to the increased occurrence of thyroid problems and the rising numbers of lifestyle illnesses, the growing geriatric population, as well as increased public recognition of thyroid disorders, all of these factors contribute to the market's development. Furthermore, a steady increase in the number of approvals and product releases by major competitors in the market is expected to serve as a potential element for the thyroid test market's development in the foreseeable future.


Thyroid Test Market Major Key Players



  • Abbott (US)

  • Merck (Germany)

  • Thermo Fisher (US)

  • Danaher (US)

  • Roche (Switzerland)

  • Diasorin (Italy)

  • Biomérieux (France)

  • Diagnostic Automation/Cortez Diagnostics (US)

  • Qualigen (US)

  • Kronus (US)

  • Autobio Diagnostics (China)


Report Overview


The following report comprises of –



  • Market overview 

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints 

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview 

  • By Application 

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments



  • The Vanderbilt University Medical Center (VUMC) and Interpace Diagnostics Group (IDG) announced in May 2018 that they had reached an agreement that will allow all Vanderbilt clinicians to access both ThyGenX(R) and ThyraMIR(R) for patients with ambiguous thyroid nodules.


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



Report Scope:
Report Attribute/Metric Details
  Market Size   2018 : USD 1,400 Million
  CAGR   5.6% (2019 - 2025)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, End-User, Regions
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Abbott (US), Merck (Germany), Thermo Fisher (US), Danaher (US), Roche (Switzerland), Diasorin(Italy), Biomérieux(France), Diagnostic Automation/Cortez Diagnostics (US), Qualigen(US), Kronus(US), and Autobio Diagnostics(China).
  Key Market Opportunities   Strategic alliances, Increasing mergers & acquisitions by prominent players
  Key Market Drivers

  • Increase in prevalence of thyroid disorders
  • Increasing prevalence of lifestyle diseases
  • Rise in healthcare expenditure


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    Frequently Asked Questions (FAQ) :

    thyroid test market has a CAGR of 5.6% during the forecast period.

    thyroid test market valuation would be USD 1400 million.

    The leading market segment is TSH tests.

    The Americas would dominate the market growth.