Thyroid Function Test Market Analysis with Research Report 2020 | Abbott, Autobio Diagnostics, BioMrieux SA, Danaher Corporation, DiaSorin SpA

This Global Thyroid Function Test Market Research Report Forecast 2020-2024 is a valuable source of insightful data for business strategists. It provides an in-depth analysis of the COVID-19 impact, industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The thyroid function test market is expected to witness a CAGR of 6% during the forecast period.

Key Market Players:
Abbott, Autobio Diagnostics, BioMrieux SA, Danaher Corporation, DiaSorin SpA, F. Hoffmann-La Roche Ltd, Qualigen Inc., Qualigen Inc., Siemens Healthineers, and Thermo Fisher Scientific Inc. and Others.

Recently, various developments have been taking place in the market. For instance, in May 2018, Interpace Diagnostics Group reported that the company entered into an agreement with the Vanderbilt University Medical Center (VUMC), which would enable all physicians across the Vanderbilt system to gain access to both ThyGenX(R) (now ThyGeNEXT(R)) and ThyraMIR(R) for patients with indeterminate thyroid nodules.

Click the link to get a Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/08071391418/thyroid-function-test-market-growth-trends-and-forecast-2019-2024/inquiry?source=MW&Mode=28

Scope of the Report:

Thyroid function tests are a series of blood tests used to determine the condition of the thyroid gland, whether it is working properly, and diagnosing hyperthyroidism and hypothyroidism. The general tests include the tests for T3, T3RU, T4, and TSH hormones (secreted by thyroid glands), which measure the activities of the thyroid gland.

Market Overview:

Thyroid diseases have become a significant public health concern across the world. The risk factors include genetic background, environmental exposures, insufficient iodine intake, exposure to polychlorinated biphenyls, radiation from nuclear fallout and medical radiation, and alcohol and tobacco consumption, among others. As per the American Thyroid Association, approximately 20 million US citizens have some form of thyroid disease (2017). The thyroid function test market is witnessing substantial growth due to the high prevalence of thyroid disorder, as well as due to the rising consumption of alcohol and tobacco.

Alcohol consumption is considered to be one of the most significant risk factors for disease and disability. Globally, high-income countries of the developed regions have the highest alcohol consumption, with 50.1% of the US population (adults over 18 years of age) being regular drinkers. As per various studies, there is a negative relationship between the hypothalamic-pituitary-thyroid (HPT) axis and alcoholism. Regular drinking inhibits the peripheral thyroid hormones, frees T3 and T4, and reduces the activity of type II 5-deiodinase, which further affects the metabolic function, leading to the development of hypothyroidism. Tobacco also induces changes in thyroid function tests, such as the decrease in TSH and increase in thyroid hormones.

Furthermore, tobacco smoking plays a crucial role in thyroid autoimmunity. A few research studies confirmed the significant effect of smoking on Graves' hyperthyroidism, particularly on Graves' orbitopathy. Other factors contributing to the growth of the thyroid function test market are the rising incidence of thyroid disorders and a sedentary lifestyle.

Regional Analysis:

North America Dominates the Market and Expected to Keep its Position in the Forecast Period
Based on the geographical analysis, North America is predicted to lead the thyroid function test market, owing to the prevalence of thyroid cancer in the United States. As per the National Cancer Institute, in 2015, there were around 765,547 people living with thyroid cancer in the United States and the number of new cases of thyroid cancer was 14.5 per 100,000 men and women per year.

The North American region is also likely to witness a major growth, owing to several initiatives such as the compulsory screening of newborns for congenital hypothyroidism, revolutionary research work on thyroid hormone function, cost-effective methods to detect thyroid cancer, promising research on Graves’ disease, etc., which may further lead to improved prognosis and new preventive treatments of thyroid diseases.

Find the full report description and table of contents below.
https://www.marketinsightsreports.com/reports/08071391418/thyroid-function-test-market-growth-trends-and-forecast-2019-2024?source=MW&Mode=28

Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Thyroid Function Test Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2014 to 2019 and forecasts until 2024 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of this Report: This report could be customized to the customer’s requirements. Please contact our sales professional (sales@marketinsightsreports.com), we will ensure you obtain the report which works for your needs.

Note: - All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.