Global Thyroid Function Test Market – Size, Outlook, Trends and Forecast (2024

Global Thyroid Function Test Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2024

Forecast Data Period

2025-2030

Historical Data Period

2018-2023

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Thyroid function tests are blood tests which are performed to check the levels of the chemicals released by the thyroid gland. Thyroid hormones affect body metabolism rate and levels of minerals in the blood which leads to severe damage to health. S, an increasing need for the thyroid functioning test will propel the market demand in the coming years. Global thyroid function tests market was valued at approximately $1.26 Billion in 2017 and is expected to generate revenue of around $1.74 Billion by the end of 2024, growing at a CAGR of around 5.9% between 2017 and 2024. Growing consumption of alcohol and tobacco and increasing awareness about thyroid disorders are the factors enhancing the growth of the market. Fluctuations in the reference range for thyroid function tests and unfavourable healthcare reforms in the US are the factors which hamper the market growth. Growth opportunities in emerging Asia Pacific countries and increasing awareness among the patients are the opportunities for a thyroid function test market.

Research Study Objectives:

Define, estimate, and forecast the Thyroid Function Test

Global Thyroid Function Test Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

market statistics by type of end user and regions concerning the individual growth drivers, market trends and their contribution toward the Japan, South Korea,

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Global Thyroid Function Test Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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