Thyroid Function Test Market Size to Surpass $2.63B by 2033, Driven by Rising Thyroid Disorder Prevalence

Market Overview:

According to IMARC Group's latest research publication, "Thyroid Function Test Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global thyroid function test market size reached USD 1.70 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.63 Billion by 2033, exhibiting a growth rate (CAGR) of 4.9% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

How AI is Reshaping the Future of Thyroid Function Test Market

• Artificial intelligence is streamlining thyroid test workflows, with platforms like See-Mode reducing ultrasound scan times by up to 30% and allowing imaging centers to serve more patients efficiently.
• AI-powered diagnostic tools are boosting accuracy in thyroid nodule differentiation, outperforming radiologists in some studies and lowering diagnostic errors in high-risk cases, especially for thyroid cancer.
• Government-backed schemes, such as India’s eSanjeevani telemedicine platform, have integrated AI solutions to guide clinical decisions and make thyroid function test interpretation easier and more consistent for healthcare providers.
• Companies like RadNet are adopting FDA-cleared AI for thyroid ultrasound reporting, capturing new reimbursement codes and expanding their network’s revenue opportunities with high-throughput, automated diagnostic solutions.
• Thanks to real-time data analytics and predictive AI, labs can better manage test volumes—over 20 million thyroid and breast ultrasounds are performed annually in the US alone—enhancing capacity planning and health outcomes.

Get Your Free "Thyroid Function Test Market" Sample PDF Report Now!

Key Trends in the Thyroid Function Test Market

• Growing Access to At-Home and Point-of-Care Testing: Portable, rapid thyroid test kits are taking center stage, especially in India, reaching remote and urban patients alike. These devices provide fast results within 15 minutes, improving clinical decisions in hospital and rural settings.
• Accelerating Demand Driven by Thyroid Disorders: Rising rates of hypothyroidism and autoimmune conditions have led to higher testing volumes, with over 20 million Americans living with thyroid disease and demand for TSH, T3, and T4 tests steadily increasing.
• Tech Innovations Boosting Test Accuracy: Automated systems, high-sensitivity immunoassays, and AI-powered analyzers used by leaders such as Siemens Healthineers and Abbott are raising precision and speeding up turnaround times in diagnostic laboratories worldwide.
• Supportive Government Screening Programs: Initiatives like India’s national guidelines for hypothyroidism screening in pregnancy and U.S. Medicare fully covering annual thyroid tests are making early detection more accessible and affordable for millions of people.
• Telehealth and Digital Solutions Gaining Traction: More labs and clinics are using digital health platforms and home sample collection to make thyroid testing easier, even for busy, tech-savvy consumers or those in areas with limited traditional healthcare infrastructure.

Growth Factors in the Thyroid Function Test Market

• Growing Prevalence of Thyroid Disorders: The rising number of hypothyroidism and hyperthyroidism cases is driving up test volumes, with over 20 million people in the U.S. alone living with some form of thyroid disease.
• Widespread Screening and Awareness: National health campaigns and public education have expanded screening, especially in countries like India. Programs such as the National Iodine Deficiency Disorders Control Programme target both preventive care and early diagnosis in urban and rural communities.
• Technological Advances Fuel Precision and Speed: Automated immunoassays, rapid point-of-care devices, and digital reporting systems, launched by leaders like Cipla and Siemens Healthineers, provide lab-quality results within minutes, boosting diagnostic confidence and patient outcomes.
• Government-Funded Reimbursement and Coverage: Healthcare schemes like U.S. Medicare and state insurance in India cover annual thyroid function tests, making diagnostics accessible for at-risk populations and encouraging consistent testing adherence.
• Expanding Diagnostic Laboratory Networks: Leading providers including Thyrocare, Quest Diagnostics, and Labcorp are opening more test centers and collaborating with telehealth platforms, so thyroid testing is available from metropolitan clinics to small-town and home-based care.

Unlock Exclusive Insights—Buy the Full Report with a Discount!

Leading Companies Operating in the Global Thyroid Function Test Industry:

• Abbott Laboratories
• Autobio Diagnostics Co. Ltd
• bioMérieux SA
• Diagnostic Automation/Cortez Diagnostics Inc.
• DiaSorin S.p.A.
• F. Hoffmann-La Roche AG
• Merck KGaA
• Qualigen Inc.
• Quidel Corporation
• Siemens AG
• Thermo Fisher Scientific Inc.

Thyroid Function Test Market Report Segmentation:

By Test Type:

• TSH Tests
• T3 Tests
• T4 Tests
• Others

TSH tests account for the majority of the market share, dominating due to their widespread use in diagnosing and monitoring thyroid disorders.

By Indication:

• Hypothyroidism
• Hyperthyroidism
• Thyroid Cancer
• Others

Hypothyroidism holds the largest share of the industry, driven by its high prevalence and the necessity for frequent monitoring.

By End User:

• Hospitals
• Diagnostic Laboratories
• Others

Hospitals represent the leading market segment, attributed to their large patient volume and advanced diagnostic facilities.

Region Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America leads the market, accounting for the largest thyroid function test market share.

Recent News and Developments in Organic Food and Beverages Market

• April 2025: India’s thyroid function test market surges, fueled by next-gen point-of-care devices with wireless connectivity, empowering urban and rural patients to get rapid, lab-quality results and real-time monitoring via integrated telemedicine platforms.
• June 2025: Artificial intelligence takes center stage as advanced deep-learning algorithms achieve over 90% diagnostic accuracy in ultrasound image analysis, outperforming many human experts and helping reduce unnecessary biopsies for thyroid nodules.
• July 2025: Europe’s Horizon Program invests $5.23 billion in diagnostic innovation, supporting high-sensitivity immunoassays and portable testing tech, leading to free thyroid screening initiatives and increased access for pregnant women and elderly in the region.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302