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North America Thyroid Function Testing Market Size, Share & Trends Analysis Report By End-use, By Test Type (TSH Test, Free T4 Test, T4 Test, T3 Test, Free T3 Test, and Others) By Country and Growth Forecast, 2024 - 2031

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    Report

  • 104 Pages
  • April 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953450
The North America Thyroid Function Testing Market would witness market growth of 5.7% CAGR during the forecast period (2023-2031).

The US market dominated the North America Thyroid Function Testing Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,070.5 million by 2031. The Canada market is experiencing a CAGR of 8.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.2% during (2024 - 2031).



The market is pivotal in diagnosing and managing thyroid disorders, affecting millions. It encompasses a range of diagnostic assays and methodologies to evaluate the thyroid glands hormone production and regulatory functions. From routine screening to monitoring treatment response, this is indispensable in clinical practice, catering to diverse patient populations across various healthcare settings.

Thyroid function testing has many applications in clinical practice, playing a crucial role in diagnosing, managing, and monitoring thyroid disorders. For example, thyroid function tests are commonly used for population-wide screening to detect thyroid dysfunction, including hypothyroidism, hyperthyroidism, and thyroid nodules. Screening helps identify individuals at risk of thyroid disorders, facilitating early diagnosis and intervention to prevent complications.

High rates of thyroid cancer in Canada may lead to increased awareness and screening for thyroid disorders, including routine testing. The Canadian Cancer Society reports that 6,300 Canadians were diagnosed with thyroid cancer, and 270 Canadians lost their lives to the disease in 2023. Among them, 1,900 men were diagnosed with thyroid cancer, and 120 died from it. In conclusion, the high rates of thyroid cancer and increasing awareness about thyroid disorders are driving the growth of the market.

Based on End-use, the market is segmented into Hospitals, Diagnostic Laboratories, Clinics, and Research Laboratories & Institutes. Based on Test Type, the market is segmented into TSH Test, Free T4 Test, T4 Test, T3 Test, Free T3 Test, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Quest Diagnostics Incorporated
  • Laboratory Corporation of America Holdings
  • Ulta Lab Tests, LLC
  • DHA Laboratory
  • Everly Health, Inc.
  • ZRT Laboratory LLC
  • Danaher Corporation
  • Thyrocare Technologies Limited
  • Siemens Healthineers AG (Siemens AG)
  • Abbott Laboratories

Market Report Segmentation

By End-use
  • Hospitals
  • Diagnostic Laboratories
  • Clinics
  • Research Laboratories & Institutes
By Test Type
  • TSH Test
  • Free T4 Test
  • T4 Test
  • T3 Test
  • Free T3 Test
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Thyroid Function Testing Market, by End-use
1.4.2 North America Thyroid Function Testing Market, by Test Type
1.4.3 North America Thyroid Function Testing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Thyroid Function Testing Market by End-use
4.1 North America Hospitals Market by Country
4.2 North America Diagnostic Laboratories Market by Country
4.3 North America Clinics Market by Country
4.4 North America Research Laboratories & Institutes Market by Country
Chapter 5. North America Thyroid Function Testing Market by Test Type
5.1 North America TSH Test Market by Country
5.2 North America Free T4 Test Market by Country
5.3 North America T4 Test Market by Country
5.4 North America T3 Test Market by Country
5.5 North America Free T3 Test Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Thyroid Function Testing Market by Country
6.1 US Thyroid Function Testing Market
6.1.1 US Thyroid Function Testing Market by End-use
6.1.2 US Thyroid Function Testing Market by Test Type
6.2 Canada Thyroid Function Testing Market
6.2.1 Canada Thyroid Function Testing Market by End-use
6.2.2 Canada Thyroid Function Testing Market by Test Type
6.3 Mexico Thyroid Function Testing Market
6.3.1 Mexico Thyroid Function Testing Market by End-use
6.3.2 Mexico Thyroid Function Testing Market by Test Type
6.4 Rest of North America Thyroid Function Testing Market
6.4.1 Rest of North America Thyroid Function Testing Market by End-use
6.4.2 Rest of North America Thyroid Function Testing Market by Test Type
Chapter 7. Company Profiles
7.1 Quest Diagnostics Incorporated
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Product Launches and Product Expansions:
7.1.5 SWOT Analysis
7.2 Laboratory Corporation of America Holdings
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.2.5 SWOT Analysis
7.3 Ulta Lab Tests, LLC
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 DHA Laboratory
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Everly Health, Inc.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 ZRT Laboratory LLC
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Product Launches and Product Expansions:
7.6.3 SWOT Analysis
7.7 Danaher Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Thyrocare Technologies Limited
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Business Expansions:
7.8.5 SWOT Analysis
7.9 Siemens Healthineers AG (Siemens AG)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.9.6 SWOT Analysis
7.10. Abbott Laboratories
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis

Companies Mentioned

  • Quest Diagnostics Incorporated
  • Laboratory Corporation of America Holdings
  • Ulta Lab Tests, LLC
  • DHA Laboratory
  • Everly Health, Inc.
  • ZRT Laboratory LLC
  • Danaher Corporation
  • Thyrocare Technologies Limited
  • Siemens Healthineers AG (Siemens AG)
  • Abbott Laboratories

Methodology

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