Thyroid Functioning Test Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The thyroid functioning test market was estimated at USD 1.49 billion in 2022 and is likely to grow at a CAGR of 6.03% during 2023-2028 to reach USD 2.11 billion in 2028.

Market Drivers:
The growing prevalence of autoimmune diseases is a key factor propelling product demand during the forecast timeline.
Also, autoimmune disorders develop when the immune system produces which attacks its own body.
Hashimoto’s thyroiditis is an autoimmune disease, which is another key factor resulting in hypothyroidism. Thus, the rising prevalence of these autoimmune diseases is likely to augment the market growth.
However, the asymptomatic nature of thyroid diseases leads to a larger rate of undiagnosed population, which is likely to impede industry growth.