Thyroid Function Testing Market Introduction and Overview
According to SPER market research, ‘Global Thyroid Function Testing Market Size- By Test Type, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Thyroid Function Testing Market is predicted to reach 9.63 billion by 2034 with a CAGR of 6.56%.
The thyroid gland is a butterfly-shaped gland located in the neck. Thyroid function testing is a set of laboratory tests performed to assess the thyroid’s health and activity. These tests measure the quantities of hormones generated by the thyroid gland, as well as other indicators such thyroid antibodies.
Restraints:
The high cost of new thyroid testing technologies, particularly chemiluminescent immunoassays (CLIA) and molecular diagnostics, significantly limits market growth. These tests are sensitive and fast but expensive to operate and require specialized labs, making them hard to access in low- and middle-income countries. Reimbursement restrictions also affect access to frequent testing for conditions like subclinical hypothyroidism.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Test Type, By End-User
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Quest Diagnostics, Laboratory Corporation of America Holdings, Ulta Lab Tests, LLC, DHA Laboratory, Everlywell, Inc, ZRT Laboratory, Paloma, LifeLabs, Neuberg Diagnostics Pvt. Ltd, Thyrocare.
Global Thyroid Function Testing Market Segmentation:
By Test Type:
Based on the Test Type, Global Thyroid Function Testing Market is segmented as; TSH Test, T4 Test, T3 Test, Free T4 Test, Free T3 Test.
By End-User: Based on the End-User, Global Thyroid Function Testing Market is segmented as; Clinics, Diagnostic Laboratories, Hospitals, Research Laboratories & Institutes.
By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Thyroid Function Testing Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Thyroid Function Testing Market
- 7. Global Thyroid Function Testing Market, By Test Type (USD Million) 2021-2034
- 7.1. TSH Test
- 7.2. T4 Test
- 7.3. T3 Test
- 7.4. Free T4 Test
- 7.5. Free T3 Test
- 7.6. Others
- 8. Global Thyroid Function Testing Market, By End-User (USD Million) 2021-2034
- 8.1. Clinics
- 8.2. Diagnostic Laboratories
- 8.3. Hospitals
- 8.4. Research Laboratories & Institutes
- 9. Global Thyroid Function Testing Market, (USD Million) 2021-2034
- 9.1. Global Thyroid Function Testing Market Size and Market Share
- 10. Global Thyroid Function Testing Market, By Region, (USD Million) 2021-2034
- 10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
- 10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
- 10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
- 10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
- 10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America
- 11. Company Profile
- 11.1. Quest Diagnostics
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. Laboratory Corporation of America Holdings
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Ulta Lab Tests, LLC
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. DHA Laboratory
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. Everlywell, Inc
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. ZRT Laboratory
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Paloma
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. LifeLabs
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Neuberg Diagnostics Pvt. Ltd
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Thyrocare
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.11. Others
- 12. Conclusion
- 13. List of Abbreviations
- 14. Reference Links
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