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Global Thyroid Functioning Tests Market 2017-2021

About Thyroid Functioning Tests

Thyroid, which is a part of the endocrine system, comprised of glands. It produces, stores, and releases hormones into the bloodstream. However, the levels of triiodothyronine (T3) and thyroxine (T4) should be balanced for the normal functioning of the body organs. The major thyroid hormone secreted from the thyroid gland is T4, which consists of four iodine particles. To maintain the balance, T4 is changed over to T3 by the expulsion of an iodine particle. This happens essentially in the liver and in specific tissues, where T3 acts such as in the cerebrum.

Technavio’s analysts forecast the global thyroid functioning tests market to grow at a CAGR of 4.60% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global thyroid functioning tests market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thyroid Functioning Tests Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • bioMérieux
  • Danaher
  • DiaSorin
  • Siemens Healthineers
Other prominent vendors
  • Ameritek USA
  • Autobio Diagnostics
  • F. Hoffmann-La Roche
  • GeTein BioMedical
  • IBL-America
  • Sigma-Aldrich
  • Teco Diagnostics
  • Thermo Fisher Scientific
Market driver
  • Rapid increase in older adult population
  • For a full, detailed list, view our report
Market challenge
  • Varying normal range for thyroid function test
  • For a full, detailed list, view our report
Market trend
  • Focus on partnerships and acquisitions for product development
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Thyroid Functioning Tests Market 2017-2021

Technavio recognizes the following companies as the key players in the global thyroid functioning tests market: Abbott, bioMérieux, Danaher, DiaSorin, and Siemens Healthineers.

Other Prominent Vendors in the market are: Ameritek USA, Autobio Diagnostics, F. Hoffmann-La Roche, GeTein BioMedical, IBL-America, Sigma-Aldrich, Teco Diagnostics, and Thermo Fisher Scientific.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is focus on partnerships and acquisitions for product development. Manufacturers are focusing on partnerships and acquisitions for product development to become leaders. For instance, in 2016, bioMérieux acquired Hyglos, which has expertise in developing recombinant proteins for detecting endotoxins.”

According to the report, one driver in the market is rapid increase in older adult population. The older adult population is increasing worldwide. Almost every nation in the world is witnessing rapid rise in aging people. Currently, one of the most significant social transformations is the growth of aging population which is affecting nearly all sectors of society, including labor and financial markets as well as family structures and intergenerational ties. However, increase in older adult people does not necessarily imply the improvement in health. This rise brings several public health challenges, as with the increasing age, the immunity reduces significantly.

Further, the report states that one challenge in the market is varying normal range for thyroid function test. Most conventional physicians use thyroid function test to diagnose thyroid disorder and prescribe suitable medications, among which TSH test is the most common test. However, this test often produce misleading false result, as levels of hormones vary in various circumstances. For instance, in Hashimoto's disease, the levels of thyroid in individuals often fluctuate. Therefore, the need for setting up a standard normal range becomes important.

Companies Mentioned

Abbott, bioMérieux, Danaher, DiaSorin, Siemens Healthineers, Ameritek USA, Autobio Diagnostics, F. Hoffmann-La Roche, GeTein BioMedical, IBL-America, Sigma-Aldrich, Teco Diagnostics, and Thermo Fisher Scientific.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global thyroid functioning tests market share in global IVD market 2016
    • Market size and forecast
      • Table Global thyroid functioning tests market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • TSH test
    • FT3 test
    • FT4 test
  • Market segmentation by end-user
    • Market overview
      • Table Global thyroid functioning tests market by end-user 2016-2021
    • Global thyroid functioning tests market by hospitals
      • Table Global thyroid functioning tests market by hospitals 2016-2021 ($ millions)
    • Global thyroid functioning tests market by diagnostic centers
      • Table Global thyroid functioning tests market by diagnostic centers 2016-2021 ($ millions)
    • Global thyroid functioning tests market by research institutes
      • Table Global thyroid functioning tests market by research institutes 2016-2021 ($ millions)
  • Geographical segmentation
    • Overview
      • Table Global thyroid functioning tests market share by geography 2016
      • Table Global thyroid functioning tests market by geography 2016-2021
    • Thyroid functioning tests market in Americas
      • Table Thyroid functioning tests market overview in Americas
      • Table Thyroid functioning tests market in Americas 2016-2021 ($ millions)
    • Thyroid functioning tests market in EMEA
      • Table Thyroid functioning tests market overview of EMEA
      • Table Thyroid functioning tests market in EMEA 2016-2021 ($ millions)
    • Thyroid functioning tests market in APAC
      • Table Thyroid functioning tests market overview of APAC
      • Table Thyroid functioning tests market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive landscape
      • Table Competitive structure analysis of global thyroid functioning tests market 2016
  • Key vendor analysis
    • Abbott
      • Table Abbott: Key highlights
      • Table Abbott: Strength assessment
      • Table Abbott: Strategy assessment
      • Table Abbott: Opportunity assessment
    • bioMérieux
      • Table bioMérieux: Key highlights
      • Table bioMérieux: Strength assessment
      • Table bioMérieux: Strategy assessment
      • Table bioMérieux: Opportunity assessment
    • Danaher
      • Table Danaher: Strength assessment
      • Table Danaher: Strategy assessment
      • Table Danaher: Opportunity assessment
    • DiaSorin
      • Table DiaSorin: Key highlights
      • Table DiaSorin: Strength assessment
      • Table DiaSorin: Strategy assessment
      • Table DiaSorin: Opportunity assessment
    • Siemens Healthineers
      • Table Siemens Healthineers: Key highlights
      • Table Siemens Healthineers: Strength assessment
      • Table Siemens Healthineers: Strategy assessment
      • Table Siemens Healthineers: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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