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Thyroid Function Test Market by Type, End User And Region - Global Forecast to 2022

Thyroid Function Test Market: Global Forecast until 2022

  • February 2018
  • 122 pages
  • ID: 5351030
In this report:
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The total healthcare expenditure in Germany is expected to increase by around ##.##% per year from 2014 to 2018; in 2013, the healthcare expenditure in the country was USD ##.## billion, which is expected to increase to USD ##.## billion by 2018.

Summary

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The thyroid function tests market is estimated to rise at a compound annual growth rate of 5.90 percent.

The overall thyroid function tests market is estimated to grow ~$1.7B by 2022 from an estimated ~$1.3B in 2017, at a compound annual growth rate (CAGR) of 5.9% during the forecast horizon. Increase in the industry can primarily be attributed to Elements such as growing incidence of thyroid disorders, rising awareness about thyroid disorders, growing prevalence of lifestyle diseases, increasing geriatric population, and rising consumption of alcohol and tobacco. Nevertheless, unfavorable healthcare reforms in the USA are likely to restrain the increase of this market to a certain extent.

The hospitals segment is expected to grow at the maximal compound annual growth rate (CAGR) during the outlook period.

By end-user, the sector is classified into hospitals, diagnostic laboratories, research laboratories & institutes, and other end users.The hospitals segment is anticipated to rise at the highest CAGR (Compound annual growth rate) during the estimate period.

The high volume of thyroid function tests performed in hospital-based laboratories across the world, increasing patient population (and the subsequent growth in the number of clinical tests performed in hospitals), and increasing number of public healthcare awareness campaigns organized by hospitals are some of the factors driving this market segment.

Asia Pacific to witness the more significant rise during the outlook period.

The Asia Pacific market is anticipated to grow at the highest compound annual growth rate (CAGR) during the forecast period of 2017-2022. The high increase rate of this segment is assigned to the presence of a important geriatric population along the universal healthcare reimbursement policy and a well-developed healthcare system in Japan (JP).

The high burden of thyroid diseases, growing disposable income of the middle-class population in China (CN), presence of a big patient population, increasing access to healthcare facilities, and improving healthcare infrastructure in India (IN) are some of the other main factors driving the increase of this regional segment.

Break of primary members taking part was as mentioned below:

• By Company category: Tier I: 55.0 percent, Tier II: 25.0 percent, Tier III: 20.0 percent

• By Description: C-suite executives: 43.0 percent, Directors: 32.0 percent, Others: 25.0 percent

• By Area: North America continent: 33.0 percent, Europe (EU): 31.0 percent, Asia Pacific (APAC): 20.0 percent, Latin America area: 8.0 percent, Middle East (ME) & African continent: 8.0 percent

In 2017, Thermo Fisher, Abbott, Roche, DiaSorin, Danaher, Kronus, Merck, Cortez Diagnostics, bioMérieux, Qualigen, and Autobio Diagnostics were the key players in the thyroid function tests market.

Segment Research

The study offers a picture of the market across various industry verticals and territories.It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including by type, final user, and area.

Moreover, the analysis also comprises a detailed competitive analysis of the top players in the industry together with their company descriptions, latest developments, and key industries strategies.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn benefits the organizations to collect a greater share of the concerned market. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies to strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product types provided by the top actors in the thyroid function tests market. The analysis examines the sector by category, end-user, and area.

• Product Development/Innovative products: In-depth understanding on the next technologies, analysis & growth activities, products consolidations, and recent product launches in the thyroid function tests market

• Market Development: Highlighted information about the profitable emerging sectors. The market research examines the industries for different thyroid function tests across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the thyroid function tests market

• opposing assessment: In-depth assessment of the market shares, strategies, products, distribution networks, and manufacturing competences of the key players in the thyroid function tests market

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