Thyroid Function Test Market is expected to Reach US$ 55.3 Mn Over 2015-2025
Awareness on hyperthyroidism and hypothyroidism continues to remain low in India, resulting into fewer people undergoing thyroid function tests. The India thyroid function test market will witness moderate growth in 2016, raking in 41.6 Mn in revenues, up from US$ 40.1 Mn in 2015. While high prevalence of thyroid dysfunction and government initiatives to raise awareness will continue to support growth in 2016, stagnant R&D investment in immunochemistry will impede overall momentum.
Awareness on hyperthyroidism and hypothyroidism continues to remain low in India, resulting into fewer people undergoing thyroid function tests. The India thyroid function test market will witness moderate growth in 2016, raking in 41.6 Mn in revenues, up from US$ 40.1 Mn in 2015. While high prevalence of thyroid dysfunction and government initiatives to raise awareness will continue to support growth in 2016, stagnant R&D investment in immunochemistry will impede overall momentum.
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Report Id : REP-IN-1531<br />
Publ<strong>is</strong>hed On : May-2016<br />
Category : Healthcare, Pharmaceuticals and<br />
Medical devices<br />
<strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong>: Global Industry Analys<strong>is</strong> and<br />
Opportunity Assessment <strong>2015</strong>-<strong>2025</strong>
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Research Methodology (1/2)<br />
SYSTEMMATIC RESEARCH APPROACH<br />
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Primary<br />
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Company<br />
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Desk<br />
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# includes sources of<br />
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<strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong><br />
Awareness on hyperthyroid<strong>is</strong>m and hypothyroid<strong>is</strong>m continues <strong>to</strong> remain low in India, resulting in<strong>to</strong> fewer<br />
people undergoing thyroid function tests. The India thyroid function test market will witness moderate<br />
growth in 2016, raking in 41.6 <strong>Mn</strong> in revenues, up from <strong>US$</strong> 40.1 <strong>Mn</strong> in <strong>2015</strong>. While high prevalence of<br />
thyroid dysfunction and government initiatives <strong>to</strong> ra<strong>is</strong>e awareness will continue <strong>to</strong> support growth in 2016,<br />
stagnant R&D investment in immunochem<strong>is</strong>try will impede overall momentum.<br />
TSH will continue <strong>to</strong> be the leading test type segment in 2016, raking in <strong>US$</strong> 25.1 <strong>Mn</strong> in revenues, an<br />
increase of <strong>US$</strong> 1 <strong>Mn</strong> from <strong>2015</strong>. TSH <strong>is</strong> widely recommended as a primary test for diagnosing<br />
hypothyroid<strong>is</strong>m by medical experts, contributing <strong>to</strong> higher revenues v<strong>is</strong>-à-v<strong>is</strong> T3, T4, FT3, and FT4 tests.<br />
T4 will extend its lead over T3 test type segment, witnessing a higher y-o-y revenue growth in 2016 over<br />
<strong>2015</strong>. T4 revenues <strong>to</strong>talled <strong>US$</strong> 4.5 <strong>Mn</strong> in <strong>2015</strong>, and th<strong>is</strong> segment <strong>is</strong> <strong>expected</strong> <strong>to</strong> add <strong>US$</strong> 1.7 <strong>Mn</strong> in revenues<br />
in 2016.<br />
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<strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong><br />
Hospitals will continue <strong>to</strong> be the leading end-use segment for thyroid function tests, representing revenues<br />
worth <strong>US$</strong> 22.2 <strong>Mn</strong> in 2016, up from <strong>US$</strong> 21.3 <strong>Mn</strong> in <strong>2015</strong>. Hospitals will be the fastest growing end-use<br />
segment, followed by research organ<strong>is</strong>ations and diagnostic labora<strong>to</strong>ries. Clinics will remain the smallest<br />
end-use segment in 2016, witnessing lowest growth rate v<strong>is</strong>-à-v<strong>is</strong> other segments.<br />
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FMI forecasts moderate long-term growth for the India thyroid function test market, with global revenues<br />
<strong>expected</strong> <strong>to</strong> surpass <strong>US$</strong> <strong>55.3</strong> <strong>Mn</strong> by <strong>2025</strong>. During the period <strong>2015</strong>-<strong>2025</strong>, the India thyroid function test<br />
market <strong>is</strong> anticipated <strong>to</strong> increase at 3.2% CAGR.
Table of Content<br />
1. Assumptions and Acronyms Used<br />
2. Research Methodology<br />
3. Executive Summary<br />
4. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> <strong>Over</strong>view<br />
4.1. Introduction<br />
4.1.1. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> Definition<br />
4.1.2. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> Taxonomy<br />
4.2. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> <strong>Test</strong> Type <strong>Over</strong>view<br />
4.3. Parent <strong>Market</strong> <strong>Over</strong>view<br />
4.4. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> Dynamics<br />
4.4.1. Drivers<br />
4.4.2. Restraints<br />
4.4.3. Opportunity<br />
4.4.4. Value Chain
Table of Content<br />
4.5. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> Forecast, 2016-2026<br />
4.5.1. <strong>Market</strong> Value Forecast<br />
4.5.2. Y-o-Y Growth Projections<br />
4.5.3. Absolute $ Opportunity<br />
4.6. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> Trends<br />
4.7. Regional Average Pricing Analys<strong>is</strong> (<strong>2015</strong>)<br />
4.8. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> Snapshot (<strong>2015</strong>)<br />
4.8.1. <strong>Market</strong> Share, By <strong>Test</strong> Type<br />
4.8.2. <strong>Market</strong> Share, By End User<br />
4.8.3. <strong>Market</strong> Share, By Region<br />
5. India <strong>Thyroid</strong> <strong>Function</strong> <strong>Test</strong> <strong>Market</strong> Analys<strong>is</strong>, By <strong>Test</strong> Type<br />
5.1. Introduction<br />
5.1.1. Y-o-Y Growth Compar<strong>is</strong>on, By <strong>Test</strong> Type<br />
5.1.2. <strong>Market</strong> Share & Bas<strong>is</strong> Point (BPS) Analys<strong>is</strong>, By <strong>Test</strong> Type<br />
5.2. <strong>Market</strong> Forecast, By <strong>Test</strong> Type<br />
5.2.1. TSH
Table of Content<br />
5.2.1.1. Absolute $ Opportunity<br />
5.2.1.2. <strong>Market</strong> Value Forecast<br />
5.2.2. T3<br />
5.2.2.1. Absolute $ Opportunity<br />
5.2.2.2. <strong>Market</strong> Value Forecast<br />
5.2.4. Free T3<br />
5.2.4.1. Absolute $ Opportunity<br />
5.2.4.2. <strong>Market</strong> Value Forecast<br />
5.2.5. Free T4<br />
5.2.5.1. Absolute $ Opportunity<br />
5.2.5.2. <strong>Market</strong> Value Forecast<br />
5.2.6. Others<br />
5.2.6.1. Absolute $ Opportunity<br />
5.2.6.2. <strong>Market</strong> Value Forecast
Table of Content<br />
5.2.6.3. Thyroxine-binding globulin test (TBG)<br />
5.2.6.3.1. Absolute $ Opportunity<br />
5.2.6.3.2. <strong>Market</strong> Value Forecast<br />
5.2.6.4. Triiodothyronine resin uptake test (T3RU)<br />
5.2.6.4.1. Absolute $ Opportunity<br />
5.2.6.4.2. <strong>Market</strong> Value Forecast<br />
5.2.6.5. Long-acting thyroid stimula<strong>to</strong>r test (LATS)<br />
5.2.6.5.1. Absolute $ Opportunity<br />
5.2.6.5.2. <strong>Market</strong> Value Forecast<br />
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TOC at http://www.futuremarketinsights.com/reports/india-thyroid-function-testing-market
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