Latin America Thyroid Function Testing Market Size & Outlook

The thyroid function testing market in Latin America is expected to reach a projected revenue of US$ 390.7 million by 2030. A compound annual growth rate of 4.3% is expected of Latin America thyroid function testing market from 2024 to 2030.
Revenue, 2023 (US$M)
$291.4
Forecast, 2030 (US$M)
$390.7
CAGR, 2024 - 2030
4.3%
Report Coverage
Latin America

Latin America thyroid function testing market, 2018-2030 (US$M)

Latin

Latin America thyroid function testing market highlights

  • The Latin America thyroid function testing market generated a revenue of USD 291.4 million in 2023.
  • The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
  • In terms of segment, tsh test was the largest revenue generating test type in 2023.
  • TSH Test is the most lucrative test type segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 291.4 million
Market revenue in 2030USD 390.7 million
Growth rate4.3% (CAGR from 2023 to 2030)
Largest segmentTsh test
Fastest growing segmentTSH Test
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTSH Test, T4 Test, T3 Test, Free T4 Test, Free T3 Test
Key market players worldwideQuest Diagnostics Inc, Labcorp Holdings Inc, Everly Health, Palomar Holdings Inc, Neuberg Diagnostics, Thyrocare Technologies, Ulta Lab Tests, DHA Laboratory, ZRT Laboratory, LifeLabs


Other key industry trends

  • In terms of revenue, Latin America region accounted for 6.1% of the global thyroid function testing market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,043.7 million by 2030.

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Thyroid Function Testing Market Companies

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Latin America thyroid function testing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thyroid function testing market will help companies and investors design strategic landscapes.


Tsh test was the largest segment with a revenue share of 45.26% in 2023. Horizon Databook has segmented the Latin America thyroid function testing market based on tsh test, t4 test, t3 test, free t4 test, free t3 test covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America thyroid function testing market databook

  • Our clientele includes a mix of thyroid function testing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America thyroid function testing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America thyroid function testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America thyroid function testing market report size, by country, 2018-2030 (US$M)

Latin America Thyroid Function Testing Market Outlook Share, 2023 & 2030 (US$M)

Latin America thyroid function testing market report size, by country, 2018-2030 (US$M)

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