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Asia Pacific 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

  • 113 Pages
  • April 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953746
The Asia Pacific Thyroid Function Testing Market would witness market growth of 7.2% CAGR during the forecast period (2023-2031).

The China market dominated the Asia Pacific Thyroid Function Testing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $531 million by 2031. The Japan market is registering a CAGR of 6.5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.9% during (2024 - 2031).



Thyroid function testing has been widely adopted across various healthcare settings, driven by several factors that underscore its importance in clinical practice. For example, it has become a routine part of healthcare screenings and diagnostic protocols, especially in primary care settings. Healthcare providers frequently order thyroid function tests as part of comprehensive health assessments, annual check-ups, and evaluations for common symptoms associated with thyroid dysfunction.

The growing prevalence of thyroid disorders, coupled with increased awareness among healthcare professionals and the general population, has led to greater adoption of such testing. Rising incidence rates of conditions such as hypothyroidism, hyperthyroidism, thyroid nodules, and autoimmune thyroid diseases have emphasized the importance of early detection and monitoring through thyroid function tests.

With a rise in the prevalence of thyroid disorders, there is likely to be an increased demand for thyroid function tests (TFTs) in India. India, too, is no exception. According to a projection from various studies on thyroid disease, it has been estimated that about 42 million people in India suffer from thyroid disease. Hence, the increasing prevalence of thyroid-related disease and the growing elderly population in the region drive the market’s growth.

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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

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 Asia Pacific Thyroid Function Testing Market, by End-use
1.4.2 Asia Pacific Thyroid Function Testing Market, by Test Type
1.4.3 Asia Pacific 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. Asia Pacific Thyroid Function Testing Market by End-use
4.1 Asia Pacific Hospitals Market by Country
4.2 Asia Pacific Diagnostic Laboratories Market by Country
4.3 Asia Pacific Clinics Market by Country
4.4 Asia Pacific Research Laboratories & Institutes Market by Country
Chapter 5. Asia Pacific Thyroid Function Testing Market by Test Type
5.1 Asia Pacific TSH Test Market by Country
5.2 Asia Pacific Free T4 Test Market by Country
5.3 Asia Pacific T4 Test Market by Country
5.4 Asia Pacific T3 Test Market by Country
5.5 Asia Pacific Free T3 Test Market by Country
5.6 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Thyroid Function Testing Market by Country
6.1 China Thyroid Function Testing Market
6.1.1 China Thyroid Function Testing Market by End-use
6.1.2 China Thyroid Function Testing Market by Test Type
6.2 Japan Thyroid Function Testing Market
6.2.1 Japan Thyroid Function Testing Market by End-use
6.2.2 Japan Thyroid Function Testing Market by Test Type
6.3 India Thyroid Function Testing Market
6.3.1 India Thyroid Function Testing Market by End-use
6.3.2 India Thyroid Function Testing Market by Test Type
6.4 South Korea Thyroid Function Testing Market
6.4.1 South Korea Thyroid Function Testing Market by End-use
6.4.2 South Korea Thyroid Function Testing Market by Test Type
6.5 Singapore Thyroid Function Testing Market
6.5.1 Singapore Thyroid Function Testing Market by End-use
6.5.2 Singapore Thyroid Function Testing Market by Test Type
6.6 Malaysia Thyroid Function Testing Market
6.6.1 Malaysia Thyroid Function Testing Market by End-use
6.6.2 Malaysia Thyroid Function Testing Market by Test Type
6.7 Rest of Asia Pacific Thyroid Function Testing Market
6.7.1 Rest of Asia Pacific Thyroid Function Testing Market by End-use
6.7.2 Rest of Asia Pacific 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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