Market Overview

The Global Thyroid Function Test Market was valued at USD 1,922.8 million in 2023 and is expected to reach USD 3,111.1 million by 2031 while growing at a CAGR of 6.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global thyroid function test market growth. Thyroid function tests, a set of blood tests, assess the function of the thyroid gland, situated in the front of the neck and resembling a butterfly. Responsible for producing hormones that regulate metabolism and vital bodily functions such as energy production, temperature control, and growth, the thyroid gland's evaluation is crucial.

The rising prevalence of thyroid disorders and ongoing advancements in thyroid function testing technologies such as immunoassays, molecular diagnostics, and point-of-care tests propel the thyroid function test market forward. Nevertheless, cost constraints and diagnostic challenges could hinder market growth.

Furthermore, the global thyroid function test industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Test Analysis

The Global Thyroid Function Test Market is segmented among TSH Test, T4 Test, T3 Test, and Other Tests, based on Test. In 2023, TSH Test accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End User Analysis

The Global Thyroid Function Test Market is segmented among Hospital, Diagnostic Laboratory, and Other End Users, based on End User. In 2023, Hospital accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Thyroid Function Test Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Abbott, Zhengzhou Autobio Co., Ltd. (Autobio Diagnostics), bioMerieux SA, Danaher Corporation, DiaSorin SpA, F. Hoffmann-La Roche Ltd, Qualigen Inc., Quidel Corporation, Siemens Healthineers, and Thermo Fisher Scientific Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Thyroid Function Test Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Thyroid Function Test Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Thyroid Function Test Market Segmentation, By Test

• Global Thyroid Function Test Market Share Analysis, By Test

• Global Thyroid Function Test Market Growth Analysis, By Test

• Global Thyroid Function Test Market Trends, By Test

o TSH Test

o T4 Test

o T3 Test

o Other Tests

6. Global Thyroid Function Test Market Segmentation, By End User

• Global Thyroid Function Test Market Share Analysis, By End User

• Global Thyroid Function Test Market Growth Analysis, By End User

• Global Thyroid Function Test Market Trends, By End User

o Hospital

o Diagnostic Laboratory

o Other End Users

7. Global Thyroid Function Test Market Segmentation, By Region

• Global Thyroid Function Test Market Share Analysis, By Region

• Global Thyroid Function Test Market Growth Analysis, By Region

• Global Thyroid Function Test Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Abbott*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Zhengzhou Autobio Co., Ltd. (Autobio Diagnostics)

• bioMerieux SA

• Danaher Corporation

• DiaSorin SpA

• F. Hoffmann-La Roche Ltd

• Qualigen Inc.

• Quidel Corporation

• Siemens Healthineers

• Thermo Fisher Scientific Inc.

*Similar analysis will be provided for each company listed above.