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Thyroid Function Testing Market Trends

Report ID: GMI8850 Published Date: April 2024Report Format: PDF
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Thyroid Function Testing Market Trends

Public health initiatives and awareness campaigns promote early disease detection through screening programs, including thyroid function testing. These programs target high-risk populations such as pregnant women, those with family history, or individuals exposed to environmental factors affecting thyroid function. For instance, the US preventive services task force (USPSTF) advises screening for symptomatic "overt" hypothyroidism and hyperthyroidism, targeting individuals with persistent abnormal TSH and T4 levels, along with clear clinical signs. This aims to diagnose thyroid dysfunction in symptomatic individuals rather than asymptomatic ones.

  • Furthermore, technological advancements in diagnostic testing have significantly improved the accuracy, sensitivity, and speed of thyroid function testing.
  • Advanced immunoassay, automated analyzers, molecular diagnostic techniques, and point-of-care testing devices have made thyroid function testing more accessible and efficient. These innovations enable healthcare providers to obtain more reliable results, leading to better patient management and outcomes.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Why is the demand for thyroid function reagents and kits surging?+

The reagents and kits segment in the thyroid function testing industry will reach USD 3.8 billion by 2032 due to their pivotal role as essential components in diagnostic procedures, ensuring accurate and reliable test results.

What is the size of the thyroid function testing market?+

Thyroid function testing industry size was valued USD 3.9 billion in 2023 and will demonstrate a 6.1% CAGR between 2024 and 2032, attributed to increasing incidence of thyroid disorders, advancements in diagnostic technologies, and the rise in healthcare expenditure.

Why is the North American thyroid function testing market growing?+

North America thyroid function testing industry recorded 40.4% share in 2023, propelled by factors, such as advanced healthcare infrastructure, widespread awareness about thyroid disorders, and a large patient pool.

Which are the leading companies operating in the thyroid function testing industry?+

Some of the key market players are Abbott Laboratories, bioMerieux S.A., Bio-Rad Laboratories, Inc., Cipla Limited, Danaher Corporation, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd., Quidelortho Corporation, Randox Laboratories Ltd., Siemens Healthineers AG, Thermo Fisher Scientific Inc., among others.

Thyroid Function Testing Market Scope

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