Thyroid Function Test Market is expected to Reach US$ 55.3 Mn

Report Id : REP-IN-1531 Published On : May-2016 Category : Healthcare, Pharmaceuticals and Medical devices

Thyroid Function Test Market: Global Industry Analysis and Opportunity Assessment 2015-2025

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Research Methodology (1/2)

SYSTEMMATIC RESEARCH APPROACH

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Coverage across value chain

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SOLUTION

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Data Validation

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Data Analysis

Insights

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Business Solution

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Market Participants

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Key Strengths

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Product Portfolio

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Mapping as per value chain

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Key focus segments

Primary Research # • • • • •

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Channel Study

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Developments

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Market Dynamics

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Products

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Conclusions

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Thyroid Function Test Market

Awareness on hyperthyroidism and hypothyroidism continues to remain low in India, resulting into fewer people undergoing thyroid function tests. The India thyroid function test market will witness moderate growth in 2016, raking in 41.6 Mn in revenues, up from US$ 40.1 Mn in 2015. While high prevalence of thyroid dysfunction and government initiatives to raise awareness will continue to support growth in 2016, stagnant R&D investment in immunochemistry will impede overall momentum.

TSH will continue to be the leading test type segment in 2016, raking in US$ 25.1 Mn in revenues, an increase of US$ 1 Mn from 2015. TSH is widely recommended as a primary test for diagnosing hypothyroidism by medical experts, contributing to higher revenues vis-Ă -vis T3, T4, FT3, and FT4 tests.

T4 will extend its lead over T3 test type segment, witnessing a higher y-o-y revenue growth in 2016 over 2015. T4 revenues totalled US$ 4.5 Mn in 2015, and this segment is expected to add US$ 1.7 Mn in revenues in 2016.

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Thyroid Function Test Market

Hospitals will continue to be the leading end-use segment for thyroid function tests, representing revenues worth US$ 22.2 Mn in 2016, up from US$ 21.3 Mn in 2015. Hospitals will be the fastest growing end-use segment, followed by research organisations and diagnostic laboratories. Clinics will remain the smallest end-use segment in 2016, witnessing lowest growth rate vis-Ă -vis other segments.

Query Discussion With Analyst@ http://www.futuremarketinsights.com/askus/rep-in-1531 FMI forecasts moderate long-term growth for the India thyroid function test market, with global revenues expected to surpass US$ 55.3 Mn by 2025. During the period 2015-2025, the India thyroid function test market is anticipated to increase at 3.2% CAGR.

Table of Content 1. Assumptions and Acronyms Used

2. Research Methodology 3. Executive Summary 4. India Thyroid Function Test Market Overview 4.1. Introduction 4.1.1. India Thyroid Function Test Market Definition 4.1.2. India Thyroid Function Test Market Taxonomy 4.2. India Thyroid Function Test Market Test Type Overview 4.3. Parent Market Overview

4.4. India Thyroid Function Test Market Dynamics 4.4.1. Drivers 4.4.2. Restraints 4.4.3. Opportunity 4.4.4. Value Chain

Table of Content 4.5. India Thyroid Function Test Market Forecast, 2016-2026 4.5.1. Market Value Forecast 4.5.2. Y-o-Y Growth Projections 4.5.3. Absolute $ Opportunity 4.6. India Thyroid Function Test Market Trends 4.7. Regional Average Pricing Analysis (2015) 4.8. India Thyroid Function Test Market Snapshot (2015) 4.8.1. Market Share, By Test Type 4.8.2. Market Share, By End User 4.8.3. Market Share, By Region 5. India Thyroid Function Test Market Analysis, By Test Type 5.1. Introduction 5.1.1. Y-o-Y Growth Comparison, By Test Type 5.1.2. Market Share & Basis Point (BPS) Analysis, By Test Type

5.2. Market Forecast, By Test Type 5.2.1. TSH

Table of Content 5.2.1.1. Absolute $ Opportunity 5.2.1.2. Market Value Forecast 5.2.2. T3 5.2.2.1. Absolute $ Opportunity 5.2.2.2. Market Value Forecast

5.2.4. Free T3 5.2.4.1. Absolute $ Opportunity 5.2.4.2. Market Value Forecast 5.2.5. Free T4 5.2.5.1. Absolute $ Opportunity 5.2.5.2. Market Value Forecast 5.2.6. Others 5.2.6.1. Absolute $ Opportunity 5.2.6.2. Market Value Forecast

Table of Content 5.2.6.3. Thyroxine-binding globulin test (TBG) 5.2.6.3.1. Absolute $ Opportunity 5.2.6.3.2. Market Value Forecast 5.2.6.4. Triiodothyronine resin uptake test (T3RU) 5.2.6.4.1. Absolute $ Opportunity 5.2.6.4.2. Market Value Forecast 5.2.6.5. Long-acting thyroid stimulator test (LATS) 5.2.6.5.1. Absolute $ Opportunity 5.2.6.5.2. Market Value Forecast

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