Thyroid function tests (TFTs) are a grouping of blood tests used to assess thyroid function. TFTs may be ordered if a patient is suspected of having hyperthyroidism (overactive thyroid) or hypothyroidism (underactive thyroid), or to assess the efficacy of thyroid-suppression or hormone replacement treatment. It is also regularly recommended in thyroid-related disorders such as atrial fibrillation and anxiety disorder. Thyroid hormones such as thyroid-stimulating hormone (TSH, thyrotropin), thyroxine (T4), and triiodothyronine (T3) are often included in a TFT panel, depending on local laboratory protocol.A T3 test is most often used to diagnose hyperthyroidism, a condition in which the body makes too much thyroid hormone. T3 tests are frequently ordered with T4 and TSH (thyroid stimulating hormone) tests. A T3 test may also be used to monitor treatment for thyroid disease

Market Dynamics

The key market players are focusing on adoption of growth strategies such as adopting new technologies which is expected to spur which is attributed to the growth of the Thyroid function test market. For instance, in January 16, 2023, Metropolis Healthcare, a diagnostics center and pathology lab in India equipped with the technologies that provides the Thyroid panel-1 (T3/T4/TSH). Doctors spread awareness about the thyroid gland, its importance in overall health and the need for thyroid diagnosis for the timely detection of thyroid conditions. A thyroid panel is a group of tests that are done together to help analyse thyroid gland function and to help diagnose thyroid disorders.The tests in the thyroid panel help measure the amount of thyroid hormones in the blood.

Key features of the study:

• This report provides an in-depth analysis of the India thyroid function test market and provides market size (US$ Million) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the India thyroid function test market based on the following parameters–Company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Abbott Laboratories, Beckman Coulter Diagnostics, Siemens Healthcare Mitra & Co. Pvt. Ltd., Merck, Bloom Diagnostics, Finecare TSH, Biotech Co., Ltd., and bioMérieux
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• India thyroid function test market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India thyroid function test market

Detailed Segmentation:

• India Thyroid Function Test Market, By Test Type:
  • TSH
  • T3
  • T4
  • FT3
  • FT4
  • Others
• India Thyroid Function Test Market, By End User:
  • Clinics
  • Research Organizations
  • Diagnostic Laboratories
  • Hospitals
• Company Profiles
  • Abbott Laboratories
  • Beckman Coulter Diagnostics
  • Siemens Healthcare
  • Mitra & Co. Pvt. Ltd.
  • Merck
  • Bloom Diagnostics
  • Finecare TSH
  • Biotech Co., Ltd.,
  • bioMérieux