- mail us help@24marketresearch.com
- Int'l 1(332) 2424 294 (Int'l)
TOP CATEGORY: Chemicals & Materials | Life Sciences | Banking & Finance | ICT Media
The "Global Thyroid Home Test Kits Market" size was valued at US$ 89 Million in 2024 and is projected to reach US$ 145 Million by 2030, at a CAGR of 8.5% during the forecast period 2024-2030.
The market for thyroid home test kits is expanding significantly on a global scale as a result of the growing need for affordable and practical thyroid health monitoring solutions. With the help of these kits, people can quickly determine their thyroid hormone levels (TSH, T3, and T4) at home without having to go to a medical facility. Growing awareness of thyroid problems, the ease of at-home testing, and the growing incidence of thyroid-related illnesses, especially in women, are factors propelling the market's expansion. Technological developments in diagnostic equipment and the rising demand for wellness and health monitoring goods are also helping the industry. Furthermore, by enabling people to keep an eye on disorders like hypothyroidism and hyperthyroidism, these home test kits are regarded as a proactive approach to thyroid health management. To get a bigger piece of this growing industry, major players are concentrating on product innovation, usability, and accuracy. However, their widespread use may be constrained by doubts regarding the reliability of home test kits and the requirement for confirmatory laboratory testing.
According to the National Institute of Health(NIH), Thyroid cancer is the most common endocrine cancer (approximately 1.0% – 1.5% of all new cancers diagnosed each year in the USA) [1], and its incidence has continuously increased in the last three decades all over the world.
➣ Segmental Analysis
The market share of thyroid home test kits is dominated by TSH (thyroid stimulating hormone) testing. TSH is a vital hormone that the pituitary gland produces and that controls the thyroid gland's synthesis of thyroid hormones (T3 and T4). It is regarded as the most accurate and successful method of screening for thyroid disorders, including hyperthyroidism and hypothyroidism. TSH levels fluctuate in response to the thyroid gland's underactivity (hypothyroidism) or overactivity (hyperthyroidism). Hypothyroidism is usually indicated by an increased TSH level, whereas hyperthyroidism is suggested by a suppressed TSH level. TSH testing is the most common test in home testing kits because of its crucial role in thyroid health and the fact that it is typically the first step in detecting thyroid problems.
Following an aberrant TSH result, supplementary diagnostic tests called the FT4 (free thyroid) and FT3 (free triiodothyronine) tests offer more in-depth information about thyroid function. When TSH readings are unclear or treatment effectiveness is being assessed, FT4 and FT3 values are especially helpful in assessing the degree of thyroid dysfunction. In contrast to TSH testing, these tests are less frequently employed as stand-alone initial screening tests for the general public, which restricts their market share.
The dominance of TSH testing is driven by its simplicity, cost-effectiveness, and the fact that it is recognized as the primary indicator for thyroid health. As more people seek accessible and convenient health monitoring options, TSH tests remain the preferred choice, establishing their leading position in the thyroid home test kit market.
The American Cancer Society’s most recent estimates for thyroid cancer in the United States are for 2024:
➣ Regional Analysis
The market for thyroid home test kits is expanding rapidly across regions, especially in North America, Europe, and several Asia-Pacific countries. Growing awareness of thyroid disorders, which are common in the population, particularly among women, is driving the need for thyroid health testing kits in North America. With businesses like Everlywell and LetsGetChecked at the forefront, the U.S. industry benefits greatly from a strong healthcare infrastructure and widespread acceptance of home testing technologies.
More than 12 percent of the U.S. population will develop a thyroid condition during their lifetime.
Significant market potential is also shown by Europe, particularly in Germany and the United Kingdom. Home thyroid testing kits are becoming more and more popular as a result of consumers' increased interest in preventative healthcare and self-diagnosis resources. Businesses in the UK, such as MyHealthChecked and Personal Diagnostics, take advantage of people's growing comfort level with digital health solutions by offering a variety of kits.
In the meantime, the market is growing in the Asia-Pacific area as a result of increased healthcare awareness and the rising incidence of thyroid problems, especially in nations like China and India. However, because testing kits are more expensive and there is less knowledge, the adoption rate is a little slower. In order to reach a larger audience in this region, manufacturers are putting more effort into making their products more accessible and inexpensive.Thyroid disease is a major public health concern for the Asia-Pacific region (APAC), requiring urgent action. The most common form—hypothyroidism—affects an estimated 11% of adults, compared with 2-4% of adults elsewhere.
➣ Competitive Analysis
➣ Recent Development
July 18th, 2024, Randox Health announced the collaboration with Northern Ireland’s foremost private Primary Care Provider, Duality Healthcare. Under the exclusive agreement, Randox Health customers in Northern Ireland will have direct access to Duality Healthcare for follow-on GP appointments for both clinical referrals and to support a healthier future. The collaboration will ensure Randox customers, following detailed diagnostic assessments, will get prompt access to Duality’s clinical services and online virtual GP platform.
December 02, 2020, Roche announces FDA approval of Gavreto (pralsetinib) for people with advanced or metastatic RET-mutant and RET fusion-positive thyroid cancers
According to the National Library of Medicine, Thyroid cancer is the most common endocrine cancer (approximately 1.0%–1.5% of all new cancers diagnosed each year in the USA), and its incidence has continuously increased in the last three decades all over the world. This trend is present on every continent except Africa, where detection is possibly insufficient. The increasing incidence is indicated by the annual percent change (APC) that in the USA was 2.4% from 1980 to 1997 and 6.6% from 1997 to 2009. An estimated 586,000 cases of thyroid cancer were reported worldwide in 2020, which makes thyroid cancer the 10th most common cancer. Female incidence was estimated at 449,000 compared to male incidence of 137,000, making thyroid cancer three times more common among females
➣ Industry Dynamics
➣ Industry Driver
The unmatched convenience that home test kits provide has led to their growing popularity. These kits remove the need for time-consuming journeys to clinics or medical institutions by allowing people to do tests in the convenience and privacy of their own homes. In addition to saving important time, this gives patients a more comfortable and relaxed setting. The ease of use provided by the majority of home test kits, which have user-friendly designs and clear instructions that are suitable for people of all ages, further adds to the convenience element. Along with being easy to use, a lot of home test kits provide answers quickly—sometimes in a matter of minutes or hours—which appeals to customers who want to know their health status right away. People with hectic schedules, those living in rural locations with little access to healthcare services, and those who might be hesitant or uneasy about seeing a healthcare professional will all benefit greatly from this degree of accessibility. Home test kits are therefore becoming more and more regarded as a useful, economical, and time-saving healthcare option.
➣ Industry Trend
Customization and Personalization
Home test kit customisation and customization, especially for thyroid health, mark a substantial move toward more specialized medical care. Thyroid test kits that are tailored to each person's particular requirements based on their health profiles, medical histories, or particular health issues are becoming more and more available from companies. Some kits, for example, are designed especially for those who have already received a thyroid problem diagnosis and provide specialized tests to help them track their status over time. Additional elements such as thorough hormone level monitoring may be included in these kits, which can assist patients and medical professionals in modifying treatment regimens as necessary.
On the other hand, some test kits are aimed at individuals who are seeking early detection or routine monitoring, providing a proactive approach to thyroid health before any symptoms arise. These kits may come with guidance tailored to the risk factors of the user, such as age, gender, or family history of thyroid conditions. This trend reflects a broader movement within the healthcare industry towards more personalized, patient-centered solutions that prioritize individual needs and preferences. By offering customized options, companies can provide more relevant and accurate testing, ultimately empowering consumers to take control of their health in a way that feels specific and meaningful to their unique circumstances.
➣ Industry Restraint
Accuracy and Reliability Concerns
Accuracy and reliability remain key concerns when it comes to home test kits, despite the advancements in technology that have led to improvements in their performance. While these kits offer convenience, they still often fall short of the precision found in laboratory-based tests administered by healthcare professionals. One of the most significant risks is the potential for false positives or false negatives, where the test either incorrectly identifies a condition or fails to detect one. This can be particularly problematic in critical health conditions, such as thyroid disorders, where an inaccurate result could lead to serious consequences. False positives may cause individuals to pursue unnecessary treatments or follow-up tests, resulting in wasted time, stress, and potential side effects. Conversely, false negatives may give users a false sense of security, causing them to neglect seeking professional care, which could delay diagnosis and treatment of an underlying health issue. Additionally, certain factors, such as improper handling of the test kit, incorrect sample collection, or timing errors, can further compromise the results. These concerns highlight the need for individuals to view home test kits as a starting point rather than a definitive diagnosis, and to consult healthcare professionals for confirmation and further guidance. As the technology behind these tests continues to evolve, ensuring their accuracy and reliability will be crucial in maintaining consumer trust and ensuring safe and effective healthcare practices.
➣ Report Scope
The report includes Global & Regional market status and outlook for 2017-2028. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by Types, Sales Channel. The report also covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin 2017-2028 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
|
Attributes |
Details |
|
Segments |
By Type
By Sales Channel
|
|
Region Covered |
|
|
Key Market Players |
|
|
Report Coverage |
|
Frequently Asked Questions ?
