ALBANY, N.Y, Aug. 6, 2020 /PRNewswire/ -- Rising demand for diagnosis and screening in functional disorders of the thyroid notably hypothyroidism and hyperthyroidism in worldwide populations has helped fueled the strides in the thyroid function test market. Hospital based laboratories have made clinical advances in biochemical tests of TSH, T3, and T4.
Analysts at TMR anticipates thyroid function test market to clock CAGR of more than 5% from 2019 to 2027, and surpass valuation of US$ 2.4 Bn by 2027.
Thyroid function test market in Asia Pacific to expand at a CAGR of nearly 6.5% from 2019 to 2027.
Request for Analysis of COVID-19 Impact on Thyroid Function Test Market – https://www.transparencymarketresearch.com/covid19.php
Key Findings of Thyroid Function Test Market Report
- Of the key test types, TSH held a sizable share in the thyroid function test market in 2018 and will be a highly lucrative segment through 2027
- Of the various end-user segments, hospital-based laboratories are expected to contribute leading market share throughout 2019 – 2027
- Geographically North America is the top revenue generator, trailed by Europe
- Opportunities in Asia Pacific to rise at a remarkable pace during 2019 – 2027
- Latin America and Asia Pacific jointly held share of 25.1% in the thyroid function test market in 2018
Explore 164 of top-notch research, incisive insights, and detailed country-level projections on Thyroid Function Test Market (Type - TSH Test, T4 Test, T3 Test; End user - Hospital based Laboratories, Diagnostic Laboratories, Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/report-toc/35750
Thyroid Function Test Market: Key Driving Factors and Promising Avenues
Numerous epidemiological and healthcare trends shape the contours of the thyroid function test market. A few of those are illustrated below:
- Growing frequency of thyroid dysfunctions in worldwide populations especially hypothyroidism, hyperthyroidism, and goiter is bolstering the need for diagnosis, screening, and management of thyroid disorders.
- Advances in thyroid physiology and clinical techniques are boosting the prospects in the thyroid function test market.
- The high burden of thyroid diseases in worldwide populations is evident in the fact that thyroid dysfunction is one of the most common endocrine disorders for which people undergo tests.
- To put things in perspective, per an estimate by the American Thyroid Association, 20 million U.S. population has some form of thyroid disease.
- Rising number of people with obesity, diabetes, and cardiovascular diseases has spurred the need for biochemical tests for thyroid functions.
Purchase the Thyroid Function Test Market Report - https://www.transparencymarketresearch.com/checkout.php
Thyroid Function Test Market: Competitive Assessment
The asymptomatic nature of thyroid disorders is a key challenge for players to realize the full potential of the thyroid function test market, since this leaves a significant proportion of population undiagnosed by primary healthcare provider.
Also, sometimes, physicians recommend the tests at the request of patients showing some indications. Further, shortcoming of the biochemical tests in assessing the full risks of the disease has also constrained the expansion of the thyroid function test market. A case in point is non-thyroidal illness in hospitalized patients are difficult to assess.
Browse More Press Release - https://www.transparencymarketresearch.com/press-releases.htm
The Thyroid Function Test Market can be segmented as follows:
- TSH Test
- T4 Test
- T3 Test
- Hospital-based Laboratories
- Diagnostic Laboratories
- Research Institutes
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Osteoporosis Drugs Market: According to the report, the global osteoporosis drugs market was valued at US$ 11.5 Bn in 2018 and is anticipated to contract at a CAGR of 0.3% from 2019 to 2027, rising prevalence of osteoporosis, growing aging population which is more prone to osteoporosis, and introduction of new therapies are projected to drive the global Osteoporosis Drugs market during the forecast period.
Thyroid Gland Disorders Treatment Market: According to the report, the global thyroid gland disorders treatment market accounted for US$ 1,954.7 Mn in 2016 and is anticipated to reach US$ 2,609.9 Mn by 2025 at a CAGR of 3.3% from 2017 to 2025. The global thyroid gland disorders treatment market is likely to expand at a steady pace due to the rising prevalence of both hyperthyroidism and hypothyroidism across the world.
Hydrocortisone Market: According to the report, the global hydrocortisone market was valued at US$ 1.25 Bn in 2019 and is anticipated to expand at a CAGR of ~4% from 2020 to 2028, rise in cases of adrenocortical insufficiency and increase in investment in research & development are projected to drive the global hydrocortisone market during the forecast period.
Browse Our Latest Reports - https://www.transparencymarketresearch.com/latest.htm
About Transparency Market Research
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Browse More Upcoming Reports by Transparency Market Research: https://www.transparencymarketresearch.com/upcoming.htm
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research