Thyroid Function Test Market | Forecasts up to 2025

This report, from Stratview Research, studies the clinical diagnostics market - thyroid function testing over the trend period of 2014 to 2017 and forecast period of 2018 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Burning Questions This Report Will Answer:

1. How accurate are the Thyroid Function Tests?
2. Are there any disruptive technology that might change the way Thyroid function is tested on patients?
3. Who influences these tests? General Physicians or endocrinologists or self?
4. Are these tests covered under health insurance?

The Global Clinical Diagnostics Market – Thyroid Function Testing: Highlights

The highly prescribed and sensitive thyrotropin (TSH) and free thyroid hormone measurements (free T3 and T4) by endocrinologist suspecting thyroid gland malfunctioning, have made interpretation of thyroid function relatively simpler, but there are occasions where the pattern is confusing or misleading.

Change in the pattern of thyroid hormone are usually seen in emergency patients with no known thyroid dysfunction. A decrease in triiodothyronine (T3) has been observed with normal levels of free thyroxine (fT4) and thyroid-stimulating hormone (TSH), a condition commonly known in medical science as euthyroid sick syndrome (ESS) or non-thyroidal illness syndrome (NTIS), or low T3 syndrome. Medically, thyroid hormone changes are believed to be physiological adaptations owing to re-allocation and metabolism of body energy caused by an acute illness. Therefore, in many cases, thyroid hormone levels return to normal once the illness or stress condition is overcome.

The market has few players and is considered niche. Companies such as 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) play a significant role in the market.

Research Methodology

Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. About 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 
• Future outlook

The global clinical diagnostics market (thyroid function testing) is segmented into the following categories: 

By Type

• TSH Tests, T4 Tests, T3 Tests

By Testing Facility

• Hospital Laboratories, Diagnostic Clinics, Research laboratories, Home Based Collection

By Region

• North America (Country Analysis: the USA, Canada)
• Western Europe (Country Analysis: Germany, France, the UK)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Latin America (Country Analysis: Brazil, Argentina, Mexico, and Others)
• Rest of the World (Sub-Region Analysis: The Middle East, Africa, Rest of Europe and Others) 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our first-time clients:

Company Profiling

• SWOT analysis of key players (up to 3 players)
• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].