Regulatory Implications that Influence the Demand for Thyroid Function Testing Market

Published: May 2024

Global thyroid function testing market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period (2024-2031). The increasing awareness and healthcare initiatives promoting regular screenings for thyroid cancer are driving the demand for thyroid function testing. According to the American Cancer Society, in January 2024,  thyroid cancer affects both men and women, with approximately 44,020 new cases reported each year. Out of these cases, about 12,500 are in men and 31,520 in women. On average, people are diagnosed with thyroid cancer at the age of 51, and it is about 3 times more prevalent in women compared to men. Additionally, thyroid cancer is 40.0% to 50.0% less common in Black individuals compared to other racial or ethnic groups.

Browse the full report description of “Thyroid Function Testing Market Size, Share & Trends Analysis Report by Type (Thyroid Stimulating Hormone (TSH) Tests, T4 Tests, T3 Tests, and Others). and by End User (Hospitals and Clinics, Diagnostic Laboratories, and Research and Academic Institutes).Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/thyroid-function-testing-market

Furthermore, government policies and regulations, including promoting preventive healthcare, expanding diagnostic services, and subsidizing testing costs, significantly influence the market landscape for thyroid function testing. According to the National Family Health Survey IV (NFHS), February 2022, the prevalence of self-reported thyroid disorders in India is 8,696 women per 100,000 in Kerala, 6,809 women per 100,000 in Jammu and Kashmir, 5,926 women per 100,000 in Delhi NCT, 5,763 women per 100,000 in Telangana, and 5,298 women per 100,000 in West Bengal.

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Type

o By End User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape-  Abbott Laboratories, Danaher Corp., F. Hoffmann-La Roche Ltd., Siemens Healthineers co., and Thermo Fisher Scientific Inc., among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Thyroid Function Testing Market Report Segment

By Type

  • Thyroid Stimulating Hormone (TSH) Tests
  • T4 TESTS
  • T3 TESTS
  • Other Test (Free T3 and Reverse T3)

By End-User

  • Hospitals and Clinics
  • Diagnostic Laboratories
  • Research and Academic Institutes

Global Thyroid Function Testing Market Report Segment by Region

North America

United States

Canada 

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/thyroid-function-testing-market