Thyroid Function Testing Market Size to Grow by $ 392.37 mn through 2020-2024
The thyroid function testing market is expected to grow by $ 392.37 mn, accelerating at a CAGR of almost 5% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Thyroid Function Testing Market: Segmentation by End-user
This report provides a detailed analysis of the market by End-user (Diagnostic centers, Hospitals, and Research institutes), Geography (North America, Europe, Asia, and ROW), and Product (TSH test, FT3 test, and FT4 test). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Thyroid Function Testing Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, bioMérieux SA, Danaher Corp., DiaSorin Spa, F. Hoffmann-La Roche Ltd., Merck KGaA, Qualigen Therapeutics Inc., Siemens Healthineers AG, Teco Diagnostics, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the global thyroid function testing market and it is expected to grow by USD 392.37 million accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
This report provides a detailed analysis of the thyroid function testing market by End-user (Diagnostic centers, Hospitals, and Research institutes), Geography (North America, Europe, Asia, and ROW), and Product (TSH test, FT3 test, and FT4 test), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the thyroid function testing market.
Thyroid Function Testing Market: Segmentation by End-user
During 2019, the diagnostic centers segment accounted for the major share of the Thyroid Function Testing Market. Market growth in this segment will be slower than the growth of the market in the hospitals segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the thyroid function testing market size.
Thyroid Function Testing Market: Segmentation by Geography
Asia was the largest thyroid function testing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Market growth in this region will be faster than the growth of the market in other regions. The growing geriatric population and the high incidence of thyroid gland disorders will significantly drive thyroid function testing market growth in this region over the forecast period.
Thyroid Function Testing Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, bioMérieux SA and Danaher Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
