Latin America Thyroid Function Tests Devices Market Research Report – Segmented By Disease Indication, End-User, Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2024 to 2029)

Updated On: January, 2024
ID: 8001
Pages: 145

The size of the Latin America Thyroid Function Tests Devices Market is predicted to hike at a steady rate from 2022 to 2027. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the medical industry.

Thyroid Function Tests Devices (TFT) include 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, Grave’s Disease, Hashimoto’s Disease, and Thyroiditis can be diagnosed with the TFT. Hyperthyroidism and Hypothyroidism are the main indications of thyroid ailments.

Key factors propelling the growth of the Latin America 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 centres, which will enable better and trusted outcomes.

The Latin America 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.

Geographically, Latin America is segmented into Brazil, Argentina, and Mexico. Due to developing countries like Mexico, this region is predicted to have significant growth potential.

Some of the major companies in this market are Beckman Coulters, Siemens Healthcare Diagnostics, bioMérieux Inc, DiaSorin S.p.A and IBL-America and Others.

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