Thyroid Function Testing Market Increasing Demand, Growth Analysis and Future Outlook by 2031

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.

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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.

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

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Thyroid Function Testing Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Agilent Technologies, Inc.
• Becton, Dickinson, and Co.
• bioMérieux
• Boditech Med Inc.
• Diasorin S.p.A.
• GenScript Biotech Corp.
• Medtronic Pvt. Ltd.
• Merck KGaA
• PerkinElmer AES
• Qualigen Therapeutics Inc.

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