Thyroid Function Tests Market Value and Forecast 2015-2025 by Future Market Insights

Global Thyroid
Function Tests
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
Future Market Insights
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Report
Description
Report Description
Thyroid Function Tests (TFT) include various blood tests which are conducted to identify
the functions of thyroid gland.
Epidemiological data from WHO suggests that there are more than 750 million cases
globally with thyroid disorder. Several thyroid disorders such as Hypothyroidism,
Hyperthyroidism, Hashimoto’s Disease, Grave’s Disease and Thyroiditis can be detected
with the help of TFT. Hyperthyroidism and Hypothyroidism are two major indication of
thyroid disorders. There are more than 250 million cases with hyperthyroidism globally.
Around 60% of the population effected with thyroid disorder are unware of the situation.
Female population are 5-6 times more likely to develop a thyroid disorder.
Thyroid Function Tests Market: Drivers & Restraints:
TFT is found to be very effective in diagnosing thyroid condition in patient. With the
increase in prevalence of hyperthyroidism and hypothyroidism and increasing awareness
among the patients, these tests are prescribed by all the physicians. These tests also
helps to diagnose auto-immune disorder, such as Hashimoto’s Disease, Grave’s Disease
and Thyroiditis.
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The TFT market is expected to growth at a significant growth in the forecast period (20162025) due to the various advantages offered by these test and favorable reimbursement
facilities.
Report
Description
Report Description
Thyroid function tests are very effective in diagnosing thyroid disorders. However, there
are also a few potential challenges associated with them. The major challenge is setting
the “normal range” for these tests. Given the risk/benefit perspective seems unclear,
treatment decisions need to be individualized, based on the severity of individual
symptoms.
Thyroid Function Tests Market: Segmentation:
The TFT market is broadly classified into three segments based on the disease indication.
• TSH Tests (Thyroid Stimulating Hormone Test)
• FT4 Tests (Free T4)
• FT3 Tests (Free T3)
The overall TFT market is further segmented by usage of these tests in different
healthcare facilities.
Hospitals
• Acute Care Centers
• Diagnostic Laboratories
• Clinics
Amongst all the healthcare facilities, hospitals are anticipated to account for majority of
Report
Description
Report Description
Thyroid Function Tests Market: Regional Outlook
The global thyroid function tests market is expected to register a significant growth for
the forecast period. Depending on geographic regions, the global thyroid function tests
market is segmented into seven key regions: North America, South America, Eastern
Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North
America and Western Europe dominated global thyroid function tests market in terms of
market revenue. Asia Pacific & Japan is projected to grow at a substantial growth and will
contribute to the global thyroid function tests market value exhibiting a robust CAGR
during the forecast period, 2016?2025.
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Thyroid Function Tests Market: Key Players
The key players in thyroid function testsmarket are Beckman Coulters, Siemens
Healthcare Diagnostics, bioMérieux Inc, DiaSorin S.p.A and IBL-America and Others. The
thyroid function testsmarket players can develop prospects in customized test solutions.
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Epidemiological data from WHO suggests that there are more than 750 million cases globally with thyroid disorder. Several thyroid disorders such as Hypothyroidism, Hyperthyroidism, Hashimoto’s Disease, Grave’s Disease and Thyroiditis can be detected with the help of TFT. Hyperthyroidism and Hypothyroidism are two major indication of thyroid disorders. There are more than 250 million cases with hyperthyroidism globally. Around 60% of the population effected with thyroid disorder are unware of the situation. Female population are 5-6 times more likely to develop a thyroid disorder.