Thyroid function tests are blood tests which are performed to check the levels of the chemicals released by the thyroid gland. Thyroid hormones affect body metabolism rate and levels of minerals in the blood which leads to severe damage to health. S, an increasing need for the thyroid functioning test will propel the market demand in the coming years. Global thyroid function tests market was valued at approximately $1.26 Billion in 2017 and is expected to generate revenue of around $1.74 Billion by the end of 2024, growing at a CAGR of around 5.9% between 2017 and 2024. Growing consumption of alcohol and tobacco and increasing awareness about thyroid disorders are the factors enhancing the growth of the market. Fluctuations in the reference range for thyroid function tests and unfavourable healthcare reforms in the US are the factors which hamper the market growth.  Growth opportunities in emerging Asia Pacific countries and increasing awareness among the patients are the opportunities for a thyroid function test market.

Research Study Objectives:

• Define, estimate, and forecast the Thyroid Function Test market statistics by type of end user and regions concerning the individual growth drivers, market trends and their contribution toward the Thyroid Function Test market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Thyroid Function Test Market Analysis
• Analysis and conclusions on the future Thyroid Function Test market outlook.

Top-down and bottom-up approaches are used to validate the Thyroid Function Test Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Thyroid Function Test Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Thyroid Function Test market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The Thyroid Function Test market segmentation is as follows:

By Type

• T3 Tests
• T4 Tests
• TSH Tests
• Other Tests

By End User

• Hospitals
• Diagnostic laboratories
• Research laboratories and institutes
• Other end users

Geographical Analysis:

Thyroid Function Test Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Thyroid Function Test Market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global Thyroid Function Test Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant Thyroid Function Test market players, such as
  • Beckman Coulter Inc.
  • Abbott Laboratories
  • Siemens healthcare diagnostics.
  • Sigma-Aldrich Co.
  • IMMUNO-BIOLOGICAL LABORATORIES INC.
• Along with these companies, many other companies are considered in the report while analysing the Global Thyroid Function Test competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.