Europe 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
The Europe Thyroid Function Testing Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Thyroid Function Testing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $445.4 million by 2031. The UK market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.8% during (2024 - 2031).
Thyroid function testing is essential for diagnosing thyroid disorders by assessing thyroid hormone levels, such as thyroid-stimulating hormone (TSH), thyroxine (T4), and triiodothyronine (T3), as well as detecting specific autoantibodies associated with autoimmune thyroid diseases (anti-thyroid peroxidase antibodies, anti-thyroglobulin antibodies). Accurate diagnosis guides treatment decisions and improves patient outcomes.
Regular monitoring helps adjust treatment regimens and optimize patient management strategies. This is essential in special populations, including pregnant women, neonates, children, and older adults, where thyroid function fluctuations and hormonal changes may impact clinical outcomes. Tailored testing protocols and reference ranges are used to evaluate thyroid function in these populations, ensuring optimal care.
Higher healthcare expenditure in Europe can improve infrastructure and resources for healthcare facilities, including diagnostic laboratories. This can increase accessibility to these services across Europe, particularly in remote or underserved regions where access may have been limited previously. According to Eurostat, Italy currently has a healthcare expenditure of $160 billion, while Spain has $120 billion. Therefore, high expenditure in the healthcare sector is driving 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
By End-use
- Hospitals
- Diagnostic Laboratories
- Clinics
- Research Laboratories & Institutes
- TSH Test
- Free T4 Test
- T4 Test
- T3 Test
- Free T3 Test
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Thyroid Function Testing Market, by End-use
- 1.4.2 Europe Thyroid Function Testing Market, by Test Type
- 1.4.3 Europe 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. Europe Thyroid Function Testing Market by End-use
- 4.1 Europe Hospitals Market by Country
- 4.2 Europe Diagnostic Laboratories Market by Country
- 4.3 Europe Clinics Market by Country
- 4.4 Europe Research Laboratories & Institutes Market by Country
- Chapter 5. Europe Thyroid Function Testing Market by Test Type
- 5.1 Europe TSH Test Market by Country
- 5.2 Europe Free T4 Test Market by Country
- 5.3 Europe T4 Test Market by Country
- 5.4 Europe T3 Test Market by Country
- 5.5 Europe Free T3 Test Market by Country
- 5.6 Europe Others Market by Country
- Chapter 6. Europe Thyroid Function Testing Market by Country
- 6.1 Germany Thyroid Function Testing Market
- 6.1.1 Germany Thyroid Function Testing Market by End-use
- 6.1.2 Germany Thyroid Function Testing Market by Test Type
- 6.2 UK Thyroid Function Testing Market
- 6.2.1 UK Thyroid Function Testing Market by End-use
- 6.2.2 UK Thyroid Function Testing Market by Test Type
- 6.3 France Thyroid Function Testing Market
- 6.3.1 France Thyroid Function Testing Market by End-use
- 6.3.2 France Thyroid Function Testing Market by Test Type
- 6.4 Russia Thyroid Function Testing Market
- 6.4.1 Russia Thyroid Function Testing Market by End-use
- 6.4.2 Russia Thyroid Function Testing Market by Test Type
- 6.5 Spain Thyroid Function Testing Market
- 6.5.1 Spain Thyroid Function Testing Market by End-use
- 6.5.2 Spain Thyroid Function Testing Market by Test Type
- 6.6 Italy Thyroid Function Testing Market
- 6.6.1 Italy Thyroid Function Testing Market by End-use
- 6.6.2 Italy Thyroid Function Testing Market by Test Type
- 6.7 Rest of Europe Thyroid Function Testing Market
- 6.7.1 Rest of Europe Thyroid Function Testing Market by End-use
- 6.7.2 Rest of Europe 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
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