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Middle East and Africa Thyroid Function Tests Devices Market Research Report – Segmented By Disease Indication, End-User, Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: March, 2023
ID: 8002
Pages: 145
Formats: report pdf report excel report power bi report ppt

The MEA Thyroid Function Tests Devices Market size is expected to grow at a sluggish CAGR between 2022 and 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 problems are becoming more common, there is a greater awareness of thyroid function testing, and there is a greater need for early detection, all driving market expansion. In addition, the increasing demand for diagnosing and therapeutic gadgets has rapidly increased in hospitals across the UAE and Kuwait, creating a chaotic situation in the medical industry.

The rising prevalence of sedentary lifestyles and lifestyle-related disorders such as obesity, diabetes, and heart disease among people of all ages has increased the demand for thyroid function tests as a standard examination. Over the projected period, this is expected to contribute considerably to the market's growth.  Thyroid hormones also keep the brain, heart, muscles, and other organs functioning properly, and their under or overproduction can cause significant health problems. This, together with rising awareness of early detection and improved diagnostic techniques, is also fueling market expansion.

However, a scarcity of qualified endocrinologists, a lack of awareness regarding thyroid problems and diagnostic tests in developing nations, and an unfavorable reimbursement environment are projected to limit market growth to some extent during the projection period.

This research report on the Middle East and Africa thyroid function tests devices market has been segmented and sub-segmented into the following categories.

By Disease indication:

  • TSH Tests (Thyroid Stimulating Hormone Test)
  • FT4 Tests (Free T4)
  • FT3 Tests (Free T3)

By Usage:

  • Hospitals
  • Acute Care Centers
  • Diagnostic Laboratories 
  • Clinics

By Country:

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

 

Geographically, the Middle East and Africa are forecasted to account for a moderate share in the global market during the forecast period. With the increased demand for cell surface markers in the regional market, market players in the thyroid function test market are expected to benefit from lucrative growth prospects during the forecast period. In addition, greater awareness of thyroid problems in developing countries such as the United Arab Emirates and Kuwait increased private and governmental investment. Furthermore, an increase in the number of cases of thyroid cancer is projected to contribute to market expansion during the forecast period.

KEY MARKET PLAYERS:

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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