The total market value of thyroid function test market is $1,190.30 million in 2018.
The forcast period for thyroid function test market is 2019 to 2026
The market value of thyroid function test market in 2019 is $1,255.20 million.
The base year is 2018 in thyroid function test market
Top companies such as, Abbott Laboratories, Merck KGaA, ThermoFisher Scientific, and Qualigen Inc held a high market position in 2018. These key players held a high market postion owing to the strong geographical foothold in different regions.
TSH tests segment is the most influencing segment owing to increase in prevalence of thyroid disorders and recommended usage of TSH test for preliminary screeninge
The major factor that fuels the growth of the global thyroid function test market includes increase in prevalence of thyroid disorders. This leads to surge in demand for thyroid funtion tests which contribute to the growth of the market.
Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as India with a CAGR of 6.6%. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & diagnostic centers equipped with advanced medical facilities.
Thyroid function test involves a series of blood tests used to measure adequacy of the levels of thyroid hormones. It involves the different types of tests such as T3, T4, TSH, and T3RU
Thyroid function test are employed to define whether the thyroid hormone production is normal, overactive, or underactive.
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