Global Thyroid Test Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

TSH Tests, T4 Tests, T3 Tests and Other Tests.

By End User;

Hospital, Diagnostic Laboratories, Research Laboratories & Institutes and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn141220751 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Thyroid Test Market (USD Million), 2021 - 2031

In the year 2024, the Global Thyroid Test Market was valued at USD 1,224.79 million. The size of this market is expected to increase to USD 1,798.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

The global thyroid test market has witnessed significant growth in recent years, driven by a myriad of factors that underscore the importance of thyroid health. Thyroid tests are crucial for diagnosing and monitoring disorders related to the thyroid gland, including hypothyroidism, hyperthyroidism, thyroid cancer, and autoimmune thyroid diseases like Hashimoto's thyroiditis and Graves' disease. The increasing prevalence of thyroid disorders globally is a major driver of this market. As awareness about thyroid health grows, more individuals are seeking diagnostic tests to ensure early detection and treatment, which in turn fuels market growth.

Technological advancements have played a pivotal role in enhancing the accuracy and reliability of thyroid tests. Innovations such as high-sensitivity assays, advanced imaging techniques, and the development of novel biomarkers have improved diagnostic capabilities. Moreover, the growing elderly population, which is more susceptible to thyroid disorders, contributes significantly to the demand for thyroid tests.

Government policies and healthcare initiatives aimed at improving diagnostic facilities and accessibility to thyroid testing have also positively impacted the market. Expanding healthcare infrastructure, especially in emerging economies, provides a conducive environment for market growth. Additionally, increased healthcare expenditure and the availability of health insurance have made thyroid testing more affordable and accessible to a broader population.

Despite these positive trends, the market faces challenges such as the high cost of advanced tests, limited accessibility in rural areas, and the risk of diagnostic errors. Furthermore, the need for skilled professionals to conduct and interpret these tests remains a significant restraint.

Nevertheless, the global thyroid test market presents numerous opportunities for growth. Emerging markets offer untapped potential, and technological innovations continue to open new avenues for diagnostic advancements. Strategic partnerships, personalized medicine, and the integration of telemedicine are poised to shape the future landscape of thyroid testing, making it more efficient and patient-centric.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Thyroid Test Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising thyroid disorders
        2. Increasing health awareness
        3. Technological advancements
        4. Growing elderly population
        5. Enhanced diagnostic techniques
      2. Restraints
        1. High test cost
        2. Limited accessibility areas
        3. Lack of awareness
        4. Diagnostic errors risks
        5. Insufficient healthcare facilities
      3. Opportunities
        1. Emerging market growth
        2. Technological innovation potential
        3. Strategic partnerships expansion
        4. Point-of-care testing
        5. Telemedicine integration possibilities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Thyroid Test Market, By Type, 2021 - 2031 (USD Million)
      1. TSH Tests
      2. T4 Tests
      3. T3 Tests
      4. Others
    2. Global Thyroid Test Market, By End User, 2021 - 2031 (USD Million)
      1. Hospital
      2. Diagnostic Laboratories
      3. Research Laboratories & Institutes
      4. Others
    3. Global Thyroid Test Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Quest Diagnostics
      2. Laboratory Corporation of America Holdings
      3. Ulta Lab Tests, LLC
      4. DHA Laboratory
      5. Everlywell, Inc.
      6. ZRT Laboratory
      7. Paloma
  7. Analyst Views
  8. Future Outlook of the Market