Thyroid Function Tests Devices Market Overview
Thyroid Function Tests (TFT) includes a variety of blood tests which are performed to know the functions of thyroid gland. Epidemiological information from WHO states that there exist more than 750 million cases globally with thyroid ailments. Many thyroid ailments like Hypothyroidism, Hyperthyroidism, Hashimoto’s Disease, Grave’s Disease and Thyroiditis can be diagnosed with the TFT. Hyperthyroidism and Hypothyroidism are the main indications of thyroid ailments.

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Key factors propelling the growth of the Thyroid Function Tests Devices Market include growing prevalence of thyroid ailments, rising expenditure on healthcare infrastructure and collaborations within pathologists and diagnostic companies along with consumer demand to provide quick decision making. Research suggests that there is urgent need of advanced diagnostics centre’s, which will enable better and trusted outcomes.

Thyroid Function Tests Devices Market Forecast Report (2018-2023)
Thyroid Function Tests Devices Market was worth USD 1.06 billion in 2018 and estimated to be growing at a CAGR of 3.26%, to reach USD 1.25 billion by 2023.

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Thyroid Function Tests Devices Market Segmentation
The global Thyroid Function Tests Devices Market is segmented on the basis of Disease indication into Type TSH Tests (Thyroid Stimulating Hormone Test), FT4 Tests (Free T4), and FT3 Tests (Free T3). Based on Usage, the market is segmented into Hospitals, Acute Care Centers, Diagnostic Laboratories and Clinics.
The market is also segmented geographically into Asia Pacific, Europe, Middle East & Africa, Latin America and North America. As of 2018, North America and Europe led the global thyroid function tests market in terms of market share. Asia Pacific, especially Japan is predicted to grow at a significant rate and will contribute to the global thyroid function tests market value showing a high CAGR during the forecast period, 2018-2023

Key Developments in the Market
• Beckman Coulter Diagnostics, a global leader in the clinical diagnostics industry, is embarking on innovation collaboration with Johns Hopkins Medicine to explore co-innovation initiatives with the goal of developing and commercializing novel solutions that address challenges in healthcare.
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Major Players:
The major companies dominating this market for its products and services are
• Beckman Coulters,
• Siemens Healthcare Diagnostics,
• Bio Merieux Inc,
• DiaSorin S.p.A
• IBL-America
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