The Europe Thyroid Function Testing Market would witness market growth of 6.0% CAGR during the forecast period (2023-2031).
The Germany market dominated the Europe Thyroid Function Testing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $445.4 million by 2031. The UK market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.8% during (2024 - 2031).
Thyroid function testing is essential for diagnosing thyroid disorders by assessing thyroid hormone levels, such as thyroid-stimulating hormone (TSH), thyroxine (T4), and triiodothyronine (T3), as well as detecting specific autoantibodies associated with autoimmune thyroid diseases (anti-thyroid peroxidase antibodies, anti-thyroglobulin antibodies). Accurate diagnosis guides treatment decisions and improves patient outcomes.
Regular monitoring helps adjust treatment regimens and optimize patient management strategies. This is essential in special populations, including pregnant women, neonates, children, and older adults, where thyroid function fluctuations and hormonal changes may impact clinical outcomes. Tailored testing protocols and reference ranges are used to evaluate thyroid function in these populations, ensuring optimal care.
Higher healthcare expenditure in Europe can improve infrastructure and resources for healthcare facilities, including diagnostic laboratories. This can increase accessibility to these services across Europe, particularly in remote or underserved regions where access may have been limited previously. According to Eurostat, Italy currently has a healthcare expenditure of $160 billion, while Spain has $120 billion. Therefore, high expenditure in the healthcare sector is driving the market’s growth.
Free Valuable Insights: The Global Thyroid Function Testing Market will Hit USD 7.5 Billion by 2031, at a CAGR of 6.4%
Based on End-use, the market is segmented into Hospitals, Diagnostic Laboratories, Clinics, and Research Laboratories & Institutes. Based on Test Type, the market is segmented into TSH Test, Free T4 Test, T4 Test, T3 Test, Free T3 Test, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Quest Diagnostics Incorporated
- Laboratory Corporation of America Holdings
- Ulta Lab Tests, LLC
- DHA Laboratory
- Everly Health, Inc.
- ZRT Laboratory LLC
- Danaher Corporation
- Thyrocare Technologies Limited
- Siemens Healthineers AG (Siemens AG)
- Abbott Laboratories
Europe Thyroid Function Testing Market Report Segmentation
By End-use
- Hospitals
- Diagnostic Laboratories
- Clinics
- Research Laboratories & Institutes
By Test Type
- TSH Test
- Free T4 Test
- T4 Test
- T3 Test
- Free T3 Test
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Thyroid Function Testing Market, by End-use
1.4.2 Europe Thyroid Function Testing Market, by Test Type
1.4.3 Europe Thyroid Function Testing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Europe Thyroid Function Testing Market by End-use
4.1 Europe Hospitals Market by Country
4.2 Europe Diagnostic Laboratories Market by Country
4.3 Europe Clinics Market by Country
4.4 Europe Research Laboratories & Institutes Market by Country
Chapter 5. Europe Thyroid Function Testing Market by Test Type
5.1 Europe TSH Test Market by Country
5.2 Europe Free T4 Test Market by Country
5.3 Europe T4 Test Market by Country
5.4 Europe T3 Test Market by Country
5.5 Europe Free T3 Test Market by Country
5.6 Europe Others Market by Country
Chapter 6. Europe Thyroid Function Testing Market by Country
6.1 Germany Thyroid Function Testing Market
6.1.1 Germany Thyroid Function Testing Market by End-use
6.1.2 Germany Thyroid Function Testing Market by Test Type
6.2 UK Thyroid Function Testing Market
6.2.1 UK Thyroid Function Testing Market by End-use
6.2.2 UK Thyroid Function Testing Market by Test Type
6.3 France Thyroid Function Testing Market
6.3.1 France Thyroid Function Testing Market by End-use
6.3.2 France Thyroid Function Testing Market by Test Type
6.4 Russia Thyroid Function Testing Market
6.4.1 Russia Thyroid Function Testing Market by End-use
6.4.2 Russia Thyroid Function Testing Market by Test Type
6.5 Spain Thyroid Function Testing Market
6.5.1 Spain Thyroid Function Testing Market by End-use
6.5.2 Spain Thyroid Function Testing Market by Test Type
6.6 Italy Thyroid Function Testing Market
6.6.1 Italy Thyroid Function Testing Market by End-use
6.6.2 Italy Thyroid Function Testing Market by Test Type
6.7 Rest of Europe Thyroid Function Testing Market
6.7.1 Rest of Europe Thyroid Function Testing Market by End-use
6.7.2 Rest of Europe Thyroid Function Testing Market by Test Type
Chapter 7. Company Profiles
7.1 Quest Diagnostics Incorporated
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Product Launches and Product Expansions:
7.1.5 SWOT Analysis
7.2 Laboratory Corporation of America Holdings
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.2.5 SWOT Analysis
7.3 Ulta Lab Tests, LLC
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 DHA Laboratory
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Everly Health, Inc.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 ZRT Laboratory LLC
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Product Launches and Product Expansions:
7.6.3 SWOT Analysis
7.7 Danaher Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Thyrocare Technologies Limited
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Business Expansions:
7.8.5 SWOT Analysis
7.9 Siemens Healthineers AG (Siemens AG)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.9.6 SWOT Analysis
7.10. Abbott Laboratories
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis
TABLE 1 Europe Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 2 Europe Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 3 Europe Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 4 Europe Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 5 Europe Hospitals Market by Country, 2020 - 2023, USD Million
TABLE 6 Europe Hospitals Market by Country, 2024 - 2031, USD Million
TABLE 7 Europe Diagnostic Laboratories Market by Country, 2020 - 2023, USD Million
TABLE 8 Europe Diagnostic Laboratories Market by Country, 2024 - 2031, USD Million
TABLE 9 Europe Clinics Market by Country, 2020 - 2023, USD Million
TABLE 10 Europe Clinics Market by Country, 2024 - 2031, USD Million
TABLE 11 Europe Research Laboratories & Institutes Market by Country, 2020 - 2023, USD Million
TABLE 12 Europe Research Laboratories & Institutes Market by Country, 2024 - 2031, USD Million
TABLE 13 Europe Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 14 Europe Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 15 Europe TSH Test Market by Country, 2020 - 2023, USD Million
TABLE 16 Europe TSH Test Market by Country, 2024 - 2031, USD Million
TABLE 17 Europe Free T4 Test Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Free T4 Test Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe T4 Test Market by Country, 2020 - 2023, USD Million
TABLE 20 Europe T4 Test Market by Country, 2024 - 2031, USD Million
TABLE 21 Europe T3 Test Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe T3 Test Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Free T3 Test Market by Country, 2020 - 2023, USD Million
TABLE 24 Europe Free T3 Test Market by Country, 2024 - 2031, USD Million
TABLE 25 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 27 Europe Thyroid Function Testing Market by Country, 2020 - 2023, USD Million
TABLE 28 Europe Thyroid Function Testing Market by Country, 2024 - 2031, USD Million
TABLE 29 Germany Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 30 Germany Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 31 Germany Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 32 Germany Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 33 Germany Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 34 Germany Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 35 UK Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 36 UK Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 37 UK Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 38 UK Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 39 UK Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 40 UK Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 41 France Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 42 France Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 43 France Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 44 France Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 45 France Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 46 France Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 47 Russia Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 48 Russia Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 49 Russia Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 50 Russia Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 51 Russia Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 52 Russia Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 53 Spain Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 54 Spain Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 55 Spain Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 56 Spain Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 57 Spain Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 58 Spain Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 59 Italy Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 60 Italy Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 61 Italy Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 62 Italy Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 63 Italy Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 64 Italy Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 65 Rest of Europe Thyroid Function Testing Market, 2020 - 2023, USD Million
TABLE 66 Rest of Europe Thyroid Function Testing Market, 2024 - 2031, USD Million
TABLE 67 Rest of Europe Thyroid Function Testing Market by End-use, 2020 - 2023, USD Million
TABLE 68 Rest of Europe Thyroid Function Testing Market by End-use, 2024 - 2031, USD Million
TABLE 69 Rest of Europe Thyroid Function Testing Market by Test Type, 2020 - 2023, USD Million
TABLE 70 Rest of Europe Thyroid Function Testing Market by Test Type, 2024 - 2031, USD Million
TABLE 71 Key information – Quest Diagnostics Incorporated
TABLE 72 Key Information – Laboratory Corporation of America holdings
TABLE 73 Key Information – Ulta Lab Tests, LLC
TABLE 74 Key Information – DHA Laboratory
TABLE 75 Key Information – Everly Health, Inc.
TABLE 76 Key Information – ZRT Laboratory LLC
TABLE 77 Key Information – Danaher Corporation
TABLE 78 Key Information – Thyrocare Technologies Limited
TABLE 79 Key Information – Siemens Healthineers AG
TABLE 80 Key Information – Abbott Laboratories
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Thyroid Function Testing Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Thyroid Function Testing Market
FIG 4 Porter’s Five Forces Analysis - Thyroid Function Testing Market
FIG 5 Europe Thyroid Function Testing Market share by End-use, 2023
FIG 6 Europe Thyroid Function Testing Market share by End-use, 2031
FIG 7 Europe Thyroid Function Testing Market by End-use, 2020 - 2031, USD Million
FIG 8 Europe Thyroid Function Testing Market share by Test Type, 2023
FIG 9 Europe Thyroid Function Testing Market share by Test Type, 2031
FIG 10 Europe Thyroid Function Testing Market by Test Type, 2020 - 2031, USD Million
FIG 11 Europe Thyroid Function Testing Market share by Country, 2023
FIG 12 Europe Thyroid Function Testing Market share by Country, 2031
FIG 13 Europe Thyroid Function Testing Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Quest Diagnostics Incorporated
FIG 15 SWOT Analysis: Laboratory Corporation of America Holdings
FIG 16 SWOT Analysis: ULTA LAB TESTS, LLC
FIG 17 SWOT Analysis: DHA LABORATORY
FIG 18 SWOT Analysis: EVERLY HEALTH, INC.
FIG 19 SWOT Analysis: ZRT LABORATORY LLC
FIG 20 SWOT Analysis: Danaher Corporation
FIG 21 SWOT Analysis: Thyrocare Technologies Limited
FIG 22 SWOT Analysis: Siemens Healthineers AG
FIG 23 SWOT Analysis: Abbott Laboratories