Mar 6, 2018   SOURCE: PR NewsWire

Global Thyroid Function Test Market 2018-2022 - Focus on Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes

Global Thyroid Function Test Market 2018-2022 - Focus on Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes

DUBLIN, March 6, 2018 /PRNewswire/ --

The "Thyroid Function Test Market by Type (TSH Tests, T4 Tests, T3 Tests), End User (Hospitals, Diagnostic Laboratories, Research Laboratories & Institutes), and Region (North America, Europe, APAC, LATAM, and MEA) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

The global thyroid function tests market is projected to USD 1.68 Billion by 2022 from an estimated USD 1.26 Billion in 2017, at a CAGR of 5.9% during the forecast period.

This growth can be attributed to factors such as increasing incidence of thyroid disorders, increasing awareness about thyroid disorders, increasing prevalence of lifestyle diseases, rising geriatric population, and increasing consumption of alcohol and tobacco.

By type, the market is segmented into TSH tests, T4 test, T3 tests, and other tests. In 2017, the TSH tests segment is expected to command the largest share and grow at the highest CAGR during the forecast period. Growth in the TSH tests segment can largely be attributed to the rising burden of thyroid disorders globally.

By end user, the market is segmented into hospitals, diagnostic laboratories, research laboratories & institutes, and other end users. In 2017, the hospitals segment is expected to command the largest share and grow at the highest CAGR during the forecast period. Growth in the hospitals segment can largely be attributed to factors such as high volume of thyroid function tests performed in hospital-based laboratories across the globe, growing patient population (and the subsequent increase in the number of clinical tests performed in hospitals), growing number of public healthcare awareness campaigns organized by hospitals.

Geographically, the North American market is expected to account for the largest share of the global thyroid function test market due to the presence of an advanced healthcare infrastructure in North American countries such as the US and Canada. However, the Asia Pacific market is expected to grow at the highest CAGR in the forecast period. This growth can be attributed to factors such as the presence of a large target patient population, increasing disposable income of the middle-class population, and improving healthcare infrastructure in emerging countries such as China and India.

Thermo Fisher (US), Abbott (US), Roche (Switzerland), DiaSorin (Italy), Danaher (US), Kronus (US), Merck (Germany), Cortez Diagnostics (US), bioMrieux (France), Qualigen (US), and Autobio Diagnostics (China) are some of the major players operating in the thyroid function tests market.

Market Dynamics

Drivers

    --  Increasing Incidence of Thyroid Disorders
    --  Increasing Awareness About Thyroid Disorders
    --  Increasing Prevalence of Lifestyle Diseases and Rising Geriatric
        Population
    --  Increasing Consumption of Alcohol and Tobacco

Restraints

    --  Unfavorable Healthcare Reforms in the Us

Opportunities

    --  Growth Opportunities in Emerging Asia Pacific Countries

Challenges

    --  Fluctuations in the Reference Range for Thyroid Function Tests

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Thyroid Function Test Market, By Type

7 Thyroid Function Test Market, By End User

8 Thyroid Function Test Market, By Region

9 Competitive Landscape

10 Company Profiles

    --  Abbott
    --  Autobio Diagnostics
    --  Biomrieux
    --  Danaher
    --  Diagnostic Automation/Cortez Diagnostics
    --  Diasorin
    --  Kronus
    --  Merck
    --  Qualigen
    --  Roche
    --  Thermo Fisher

For more information about this report visit https://www.researchandmarkets.com/research/gkvjml/global_thyroid?w=5

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-thyroid-function-test-market-2018-2022---focus-on-hospitals-diagnostic-laboratories-research-laboratories--institutes-300608875.html

SOURCE Research and Markets