Thyroid Function Tests Devices Market

Global Thyroid Function Tests Devices Market Size

The size of the global thyroid function tests devices market was worth USD 30.77 billion in 2024. The global market is anticipated to grow at a CAGR of 3.26% from 2025 to 2033 and be worth USD 41.07 billion by 2033 from USD 31.77 billion in 2025.

Thyroid function tests are blood tests performed to check your thyroid gland's chemicals (hormones). Several thyroid function tests also indicate the level of a hormone secreted by the pituitary gland in your brain, which acts on your thyroid gland. 

The increasing consumption of alcohol and tobacco is another major factor propelling the thyroid function test market. The rising prevalence of autoimmune diseases is another crucial factor driving the thyroid function test market's growth across the projected timeframe. Autoimmune disorders develop when the immune system produces antibodies that attack its own body. Hashimoto's thyroiditis is an autoimmune disease that is also a significant factor leading to hypothyroidism. Hence, increasing the pervasiveness of such autoimmune conditions will propel market growth.

MARKET RESTRAINTS

Low Awareness, Lack of Specialists, and Bogus Reagents Hamper Thyroid Test Market Growth

The asymptomatic nature of thyroid diseases leads to a larger undiagnosed population, one of the significant growth-restricting factors. Besides, the lack of endocrinologists in various regions worldwide is estimated to restrict market growth. Low awareness about thyroid conditions and symptoms in developing countries also leads to minimal diagnosis, which is expected to hamper the development of the thyroid function test market globally. Moreover, the use of fraudulent or bogus reagents in tests is also expected to lower the test's quality, thereby hindering the market's growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

By Disease Indication Insights

Based on the disease indication, the TSH segment is projected to lead the global market. It is expected to be the fastest-growing segment during the forecast period due to the growing burden of thyroid disorders globally. The cost-effectiveness and efficacy of TSH in diagnosing hypothyroidism are favoring the market growth. 

By Usage Insights

Based on the usage, the hospital segment is projected to be the fastest-growing segment in the global thyroid function tests market during the forecast period. The growing patient pool, rise in clinical tests implemented in hospitals, and the escalating number of healthcare awareness campaigns among the public organized by the governments and hospitals, support the segment’s growth.

REGIONAL ANALYSIS

North America and Europe led the global thyroid function tests market in market share. North America dominated the global thyroid function test market in 2019 due to advanced healthcare infrastructure in North American countries such as the US and Canada.

Europe was the second-leading market for thyroid function tests in 2024 due to a well-established network of major players. Hence, it extends fewer growth opportunities and business development for new entrants. Globally, it is estimated that 1 billion people are prone to thyroid goiter.

The Asia Pacific, especially Japan, is predicted to grow significantly and contribute to the global thyroid function tests market value, showing a high CAGR during the forecast period, 2021 to 2026. The Asia Pacific is expected to observe significant growth in the thyroid function test market during the analysis period. High growth can be attributed to the middle-class population's increasing disposable income and improving healthcare infrastructure in developing countries such as India.

Moreover, the rising prevalence of sedentary lifestyles in countries such as Japan and China is another growth-propelling factor, boosting the thyroid function test market demand. Latin America is likely to be a lucrative market during the forecast period. Cumulatively, Latin America and the Asia Pacific accounted for 25.1% of the global market in 2019. The Middle East & Africa market is expanding at a sluggish pace due to slow economic growth, limited awareness, and low per capita income.

KEY MARKET PLAYERS

Some of the most promising companies leading the Global Thyroid Function Tests Devices Market profiled in this report are Beckman Coulters, Siemens Healthcare Diagnostics, bioMérieux Inc., DiaSorin S.p.A, IBL-America, and Others.

MARKET SEGMENTATION

This research report on the global thyroid function test devices market has been segmented and sub-segmented based on disease indication, usage, and region.

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 Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa