Global Thyroid Cancer Testing
Market Report
2025
The Thyroid Cancer Testing market is valued at USD 2.18 billion in 2022 and will be USD 3.35 billion till 2030 with a CAGR of 5.5% during forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Thyroid Cancer Testing market is valued at USD 2.18 billion in 2022 and will be USD 3.35 billion till 2030 with a CAGR of 5.5% during forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Thyroid Cancer Testing Market Sales Revenue 2022 | $ 2.18 Billion |
Global Thyroid Cancer Testing Market Sales Revenue 2030 | $ 3.35 Billion |
Global Thyroid Cancer Testing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
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Market Split by End-User |
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Market Split by Technique |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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What is thyroid cancer testing?
A little butterfly shaped gland at the base of the neck is called the thyroid. The thyroid gland is used to make hormones that help to regulate metabolism, heart rate, blood pressure and body temperature. A radioactive type of iodine and a specialized camera are used in a radioactive iodine scan to find thyroid cancer cells in the body. It usually takes place following surgery to look for any remaining cancer cells. The most beneficial uses of this test are for papillary and follicular thyroid malignancies. The prime driver that boosts the market growth worldwide is the increasing frequency of thyroid cancer and development of accurate tests to enhance diagnosis and patient outcomes is being pursued, which is anticipated to accelerate the market growth.
Thyroid ultrasonography involves taking a sound wave image of the thyroid gland with a handheld device and converting it to a 2-dimensional image on a monitor. It is a risk free, painless treatment used to diagnose thyroid tumours, cyst or goitres. These examinations are used to assess structure anomalies, whereas blood tests to check the levels of TSH, T4, and T3 are used to assess functional factors. To evaluate if a tumour is benign or malignant, fine needle biopsy is utilised in questionable cases. The development of molecular testing and genetic prognosis has also fuelled the diagnostic landscape for thyroid cancer diagnostics.
An abnormal growth of thyroid cells in the thyroid gland is known as thyroid nodule. These nodules can occasionally occur as a result of the normal thyroid soft tissues beginning to enlarge. Nodule incidence grows with age, is more prevalent in women, is associated with iodine shortage and occurs following radiation exposure. Thyroid cancer is a potential side effect of these nodules, but there is a low likelihood that they will develop into thyroid cancer. Cancer incidence following nodules is identified in less than 5% of the total nodule instance, according to a 2017 NCBI study titled “risk of malignancy in thyroid nodules 4 cm or larger”. In addition, thyroid nodules tend to run in families and those that consume little iodine.
Restraint
Significant tissue damage and an increased risk of developing cancer are brought on by high radiation exposure. The modest radiation doses used for imaging tests may slightly increase a person's risk of developing cancer, however it's important to keep this risk in perspective. The kind of test, the area of the body that is exposed, the subject body size, age, and gender are just a few factors that affect how much radiation they are exposed to. Radiation based imaging tests should only be carried out when absolutely essential because lifelong exposure to radiation from all sources can add up and raise the risk of developing cancer. It is also possible to frequently use other imaging techniques like MRI ultrasound. Therefore, this restrains the growth of the market.
Impact of the COVID-19 pandemic on the Thyroid Cancer Testing Market:
The COVID-19 outbreak faced players in the cancer diagnostics sector with hitherto unheard-of difficulties. Numerous governments throughout the world placed significant lockdown restrictions in response to the sharp increase in hospitalisation rates and the escalating COVID-19 cases, causing several cancer treatment programmes and other activities to temporarily halt. Additionally, because of the increased importance of cancer screening and diagnostic services, it was postponed. on the therapy of COVID-19. For instance, the Centres for Medicare & Medicaid Services (CMS) declared that cancer care will temporarily be regarded as low-priority services in the wake of the outbreak.
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Major players are primarily focusing on launching and developing new products. In addition, companies are striving to come up with new strategies such as joint ventures, mergers & acquisitions to expand their footprints across the globe. For instance, in May 2022, Thermo Scientific Glacios 2 Cryo-Transmission Electron Microscope (Cryo-TEM) was unveiled by Thermo Fisher Scientific Inc. A strong microscope with new automated and high-resolution imaging features intended to assist cryo-electron microscopy (cryo-EM) researchers of various levels of expertise speed up structure-based drug development. This cutting-edge, quick, and affordable approach to medication design may allow users to quicken the pace of study into cancer and gene mutations, as well as research into crippling conditions like Alzheimer's, Parkinson's, and Huntington's illnesses.
August 2022
In addition to correctly quantifying trace amounts of particular DNA and RNA targets, this next-generation approach is intended to detect diseases that are generally undetectable by traditional PCR techniques. Due to this, the business has been able to expand globally.
September 2022
This approval for the drug provides the treatment for patients with developed RET driven ling and thyroid cancer.
Top Companies Market Share in Thyroid Cancer Testing Industry: (In no particular order of Rank)
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North America dominates the thyroid cancer testing market, it is due to an increasing sedentary lifestyle that results in an increase in thyroid cancer. According to the American cancer society around 43,720 new cases of thyroid cancer are diagnosed and 2,120 deaths are due to thyroid cancer in 2023, this is expected to drive the thyroid function test market in north America
The growing patient population and changing healthcare infrastructure in Asia pacific and Latin America are predicted to boost market expansion for thyroid function tests throughout the anticipated time frame. Additionally, unmet need for early thyroid cancer identification is anticipated to fuel market expansion for thyroid function tests across the middle east and Africa.
The current report Scope analyzes Thyroid Cancer Testing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Thyroid Cancer Testing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Thyroid Cancer Testing Industry growth. Thyroid Cancer Testing market has been segmented with the help of its Type, End-User Technique, and others. Thyroid Cancer Testing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The papillary carcinoma segment has the highest market share:
The papillary carcinoma has the largest market share due to, for all cancer kinds, this illness has one of the greatest cure rates, with a five-year survival rate of 98%. After the initial operation, however, 11.0% of patients continue to deteriorate from the conditions. As a result the papillary carcinoma is the leading segment.
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The hospital laboratories have the largest share in thyroid cancer testing market
The hospital laboratories have market growth due to the increasing number of patients suffering from thyroid cancer, growing awareness regarding early diagnosis and increasing healthcare infrastructure. Therefore, the above mentioned factor boosts the growth of the hospital laboratories segment.
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The imaging testing dominates the thyroid cancer testing market
Imaging tests are the main condition for disease diagnosis, accounting for the significant percentage. Though blood tests for thyroxine, T3, and T4 levels analyse thyroid hormone level to look at functional variances, thyroid ultrasound evaluates structural anomalies. Therefore, the imaging testing segment has the highest market share.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
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The Global Thyroid Cancer Testing Market is witnessing significant growth in the near future.
In 2023, the Papillary carcinoma segment accounted for noticeable share of global Thyroid Cancer Testing Market and is projected to experience significant growth in the near future.
The Hospital laboratories segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott Laboratories, Thermo Fisher Scientific and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Papillary carcinoma, Follicular carcinoma , Others |
End-User | Hospital laboratories, Cancer diagnostic centres, Research institute, Other |
Technique | Blood test, Imaging, Biopsy, Others |
List of Competitors | Abbott Laboratories, F. Hoffmann La Roche, Thermo Fisher Scientific, Siemens, Bio Rad Laboratories, GE Healthcare, Illumina, Koninklijke Philips, Toshiba Medical Systems, Agilent Technologies |
This chapter will help you gain GLOBAL Market Analysis of Thyroid Cancer Testing. Further deep in this chapter, you will be able to review Global Thyroid Cancer Testing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Thyroid Cancer Testing. Further deep in this chapter, you will be able to review North America Thyroid Cancer Testing Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Thyroid Cancer Testing. Further deep in this chapter, you will be able to review Europe Thyroid Cancer Testing Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Thyroid Cancer Testing. Further deep in this chapter, you will be able to review Asia Pacific Thyroid Cancer Testing Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Thyroid Cancer Testing. Further deep in this chapter, you will be able to review South America Thyroid Cancer Testing Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Thyroid Cancer Testing. Further deep in this chapter, you will be able to review Middle East and Africa Thyroid Cancer Testing Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Thyroid Cancer Testing. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-User Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Technique Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Thyroid Cancer Testing market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Papillary carcinoma have a significant impact on Thyroid Cancer Testing market? |
What are the key factors affecting the Papillary carcinoma and Follicular carcinoma of Thyroid Cancer Testing Market? |
What is the CAGR/Growth Rate of Hospital laboratories during the forecast period? |
By type, which segment accounted for largest share of the global Thyroid Cancer Testing Market? |
Which region is expected to dominate the global Thyroid Cancer Testing Market within the forecast period? |
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