"Designing Growth Strategies is in our DNA"
The growing burden of thyroid disorder globally has elevated the demand for an effective diagnostic approach for the early detection of thyroid disorders. According to the American Thyroid Association (ATA), every year, an estimated 12 percent of the U.S. population is likely to develop a thyroid condition during their lifetime. Thyroid tests are usually performed to access the function of the thyroid to check the presence of problems such as hyperthyroidism or hypothyroidism.
A blood test is used to measure TSH, T4, T3, and free T4 in the blood sample to evaluate the level of thyroid hormone production in the body. Alcohol consumption, growing adoption of a sedentary lifestyle, and increase in the prevalence of the autoimmune disorders & diabetes are some of the significant factors that are likely to boost the thyroid function test market growth during the forecast period. Additionally, growing partnerships among many key players to develop effective thyroid disorder detection test are also likely to fuel the thyroid function test market growth during the forecast period.
To gain extensive insights into the market, Request for Customization
For instance, in 2018, Interpace Diagnostics Group, Inc. signed an agreement with Vanderbilt University Medical Center (VUMC) which would enable all the physician and patients across Vanderbilt system to access both ThyGenX and ThyraMIR, a molecular test for the determination of thyroid cancer, which is likely to augment the thyroid function test market.
Growing prevalence of thyroid cancers and increase in the unmet need for cost-effective test for the detection of the thyroid disorder are likely to drive the thyroid function tests market during the forecast period. Also, growing investments by government organizations in establishing well-developed healthcare infrastructure in developed and emerging nations; and rapidly changing lifestyle are anticipated to drive the thyroid function test market growth during the forecast period.
However, the lack of specialist endocrinologist in emerging nations is likely to hinder the thyroid function test market growth during the forecast period.
The major companies present in global thyroid function test market Abbott, Autobio Diagnostics bioMérieux SA, Danaher, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd, Qualigen Inc., Siemens Healthineers AG, Thermo Fisher Scientific Inc. among other
· TSH Tests
· T4 Tests
· T3 Tests
· Hospitals & Specialty Clinics
· Diagnostics & Pathological Laboratories
· Academic & Research Institutes
· North America (U.S. and Canada)
· Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
As per the thyroid function test market trends, TSH test segment among the different types of thyroid function types is anticipated to register a higher market share in the global thyroid function test market owing to the growing prevalence of thyroid cancer globally.
Geographically, the global thyroid function test market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to hold the highest share in global thyroid function test market is during the forecast period owing to the fast adoption of sedentary lifestyles resulting in increased incidences of thyroid cancers. According to the American Cancer Society (ACS), around 52,070 new cases of thyroid cancer are diagnosed in 2019, which is expected to drive the thyroid function test market in North America. In Europe, growing awareness about the innovative tests for the diagnosis of thyroid disorders is likely to fuel the thyroid function test market during the forecast period. In the Asia Pacific and Latin America, the evolving healthcare infrastructure and increase in the patient population are likely to upsurge the thyroid function tests market growth during the forecast period. Additionally, unmet needs for early detection of thyroid cancers is expected to drive the thyroid function test market growth in the Middle East & Africa region.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry