Product Code: GVR-4-68038-615-8
Thyroid Cancer Diagnostics Market Growth & Trends:
The global thyroid cancer diagnostics market is anticipated to reach USD 4.13 billion by 2030 and is anticipated to expand at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the market is attributed to increasing disease prevalence and the emergence of novel diagnostic products. Although cancer is uncommon worldwide, the incidence rate is on the rise-driven by more sensitive and precise tools to diagnose the disease. It develops as a result of abnormal cell division in the thyroid gland. Since the glandular hormones regulate several functions, such as weight, body temperature, heart rate, and blood pressure, structural or functional anomalies are likely to affect several or all of the aforementioned factors.
Growing awareness and public health initiatives encourage more individuals, especially those at higher risk, to seek screening. This, combined with expanding healthcare infrastructure and increased healthcare spending worldwide, facilitates greater access to advanced diagnostic services. Regulatory support and ongoing research efforts are fostering the introduction of innovative diagnostic solutions, including liquid biopsies and artificial intelligence-driven imaging analysis.
The market has undergone a paradigm shift over the last few years, driven by the introduction of biomarkers and the launch of improved diagnostic products. However, disease progression and recurrence remain high, especially among older patients. Strong unmet needs present a key opportunity to develop breakthrough, first-in-class diagnostics of the disease.
Thyroid Cancer Diagnostics Market Report Highlights:
- Papillary carcinoma led the cancer type segment with the largest revenue share of 80.0% in 2024. This is attributed to heightened public awareness, the expansion of screening initiatives, and significant progress in imaging and molecular diagnostic methods, all of which have made it possible to identify cases earlier and with greater accuracy.
- Follicular carcinoma diagnostics is expected to grow at a CAGR of 5.6% over the forecast period, owing to an increased vulnerability among women, a stronger emphasis on prompt diagnosis, and ongoing advancements in diagnostic technologies.
- Imaging technique held the largest revenue share, 36.9%, in 2024, driven by the incorporation of enhanced imaging resolution and artificial intelligence for precise tumor localization and monitoring.
- Biopsy technique is expected to grow at a significant CAGR over the forecast period, owing to advances in biomarker analysis and next-generation sequencing, which have improved diagnostic accuracy and supported individualized care.
- Hospital laboratories accounted for the largest revenue share in 2024. Research institutes are expected to grow at a CAGR of 6.4% from 2025 to 2030.
- North America dominated the global thyroid cancer diagnostics market with the largest revenue share in 2024, primarily driven by the presence of advanced healthcare infrastructure, ongoing awareness campaigns, and access to innovative diagnostic solutions.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Cancer Type
- 1.2.2. Technique
- 1.2.3. End Use
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.5. Information or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.8. List of Secondary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Cancer Type Outlook
- 2.2.2. Technique Outlook
- 2.2.3. End Use Outlook
- 2.2.4. Regional Outlook
- 2.3. Competitive Insights
Chapter 3. Global Thyroid Cancer Diagnostics Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.3. Global Thyroid Cancer Diagnostics Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's Five Forces Analysis
- 3.3.1.1. Supplier Power
- 3.3.1.2. Buyer Power
- 3.3.1.3. Substitution Threat
- 3.3.1.4. Threat of New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTLE Analysis
- 3.3.2.1. Political Landscape
- 3.3.2.2. Technological Landscape
- 3.3.2.3. Economic Landscape
Chapter 4. Global Thyroid Cancer Diagnostics Market: Cancer Type Business Analysis
- 4.1. Cancer Type Segment Dashboard
- 4.2. Thyroid Cancer Diagnostics Market: Cancer Type Movement Analysis
- 4.3. Global Thyroid Cancer Diagnostics Market Size & Trend Analysis, By Cancer Type, 2018 to 2030 (USD Million)
- 4.4. Papillary carcinoma
- 4.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 4.5. Follicular carcinoma
- 4.5.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 4.6. Others
- 4.6.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
Chapter 5. Global Thyroid Cancer Diagnostics Market: Technique Business Analysis
- 5.1. Technique Segment Dashboard
- 5.2. Thyroid Cancer Diagnostics Market: Technique Movement Analysis
- 5.3. Global Thyroid Cancer Diagnostics Market Size & Trend Analysis, By Technique, 2018 to 2030 (USD Million)
- 5.4. Blood Test
- 5.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 5.5. Imaging
- 5.5.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 5.6. Biopsy
- 5.6.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 5.7. Others
- 5.7.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
Chapter 6. Global Thyroid Cancer Diagnostics Market: End Use Business Analysis
- 6.1. End Use Segment Dashboard
- 6.2. Thyroid Cancer Diagnostics Market: End Use Movement Analysis
- 6.3. Global Thyroid Cancer Diagnostics Market Size & Trend Analysis, By End Use, 2018 to 2030 (USD Million)
- 6.4. Hospital Laboratories
- 6.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.5. Cancer Diagnostic Centers
- 6.5.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.6. Research Institutes
- 6.6.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 6.7. Others
- 6.7.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
Chapter 7. Global Thyroid Cancer Diagnostics Market: Regional Estimates & Trend Analysis
- 7.1. Regional Market Dashboard
- 7.2. Regional Market Share Analysis, 2024 & 2030
- 7.3. Global Thyroid Cancer Diagnostics Market by Regional: Key Takeaways
- 7.4. North America
- 7.4.1. U.S.
- 7.4.1.1. Key Country Dynamics
- 7.4.1.2. Regulatory Framework/ Reimbursement Structure
- 7.4.1.3. Competitive Scenario
- 7.4.1.4. U.S. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.4.2. Canada
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. Regulatory Framework/ Reimbursement Structure
- 7.4.2.3. Competitive Scenario
- 7.4.2.4. Canada Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.4.3. Mexico
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. Regulatory Framework/ Reimbursement Structure
- 7.4.3.3. Competitive Scenario
- 7.4.3.4. Mexico Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5. Europe
- 7.5.1. Germany
- 7.5.1.1. Key Country Dynamics
- 7.5.1.2. Regulatory Framework/ Reimbursement Structure
- 7.5.1.3. Competitive Scenario
- 7.5.1.4. Germany Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.2. UK
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Regulatory Framework/ Reimbursement Structure
- 7.5.2.3. Competitive Scenario
- 7.5.2.4. UK Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.3. France
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Regulatory Framework/ Reimbursement Structure
- 7.5.3.3. Competitive Scenario
- 7.5.3.4. France Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.4. Italy
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Regulatory Framework/ Reimbursement Structure
- 7.5.4.3. Competitive Scenario
- 7.5.4.4. Italy Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.5. Spain
- 7.5.5.1. Key Country Dynamics
- 7.5.5.2. Regulatory Framework/ Reimbursement Structure
- 7.5.5.3. Competitive Scenario
- 7.5.5.4. Spain Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.6. Denmark
- 7.5.6.1. Key Country Dynamics
- 7.5.6.2. Regulatory Framework/ Reimbursement Structure
- 7.5.6.3. Competitive Scenario
- 7.5.6.4. Denmark Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.7. Sweden
- 7.5.7.1. Key Country Dynamics
- 7.5.7.2. Regulatory Framework/ Reimbursement Structure
- 7.5.7.3. Competitive Scenario
- 7.5.7.4. Sweden Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.8. Norway
- 7.5.8.1. Key Country Dynamics
- 7.5.8.2. Regulatory Framework/ Reimbursement Structure
- 7.5.8.3. Competitive Scenario
- 7.5.8.4. Norway Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.6. Asia Pacific
- 7.6.1. Japan
- 7.6.1.1. Key Country Dynamics
- 7.6.1.2. Regulatory Framework/ Reimbursement Structure
- 7.6.1.3. Competitive Scenario
- 7.6.1.4. Japan Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.6.2. China
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Regulatory Framework/ Reimbursement Structure
- 7.6.2.3. Competitive Scenario
- 7.6.2.4. China Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.6.3. India
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Regulatory Framework/ Reimbursement Structure
- 7.6.3.3. Competitive Scenario
- 7.6.3.4. India Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.6.4. Australia
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Regulatory Framework/ Reimbursement Structure
- 7.6.4.3. Competitive Scenario
- 7.6.4.4. Australia Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.6.5. Thailand
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Regulatory Framework/ Reimbursement Structure
- 7.6.5.3. Competitive Scenario
- 7.6.5.4. Thailand Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.6.6. South Korea
- 7.6.6.1. Key Country Dynamics
- 7.6.6.2. Regulatory Framework/ Reimbursement Structure
- 7.6.6.3. Competitive Scenario
- 7.6.6.4. South Korea Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.7. Latin America
- 7.7.1. Brazil
- 7.7.1.1. Key Country Dynamics
- 7.7.1.2. Regulatory Framework/ Reimbursement Structure
- 7.7.1.3. Competitive Scenario
- 7.7.1.4. Brazil Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.7.2. Argentina
- 7.7.2.1. Key Country Dynamics
- 7.7.2.2. Regulatory Framework/ Reimbursement Structure
- 7.7.2.3. Competitive Scenario
- 7.7.2.4. Argentina Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.8. Middle East & Africa
- 7.8.1. South Africa
- 7.8.1.1. Key Country Dynamics
- 7.8.1.2. Regulatory Framework/ Reimbursement Structure
- 7.8.1.3. Competitive Scenario
- 7.8.1.4. South Africa Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.8.2. Saudi Arabia
- 7.8.2.1. Key Country Dynamics
- 7.8.2.2. Regulatory Framework/ Reimbursement Structure
- 7.8.2.3. Competitive Scenario
- 7.8.2.4. South Arabia Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.8.3. UAE
- 7.8.3.1. Key Country Dynamics
- 7.8.3.2. Regulatory Framework/ Reimbursement Structure
- 7.8.3.3. Competitive Scenario
- 7.8.3.4. UAE Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.8.4. Kuwait
- 7.8.4.1. Key Country Dynamics
- 7.8.4.2. Regulatory Framework/ Reimbursement Structure
- 7.8.4.3. Competitive Scenario
- 7.8.4.4. Kuwait Market Estimates and Forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company/Competition Categorization
- 8.3. Vendor Landscape
- 8.3.1. Key Company Heat Map Analysis, 2024
- 8.4. Company Profiles
- 8.4.1. Abbott
- 8.4.1.1. Company Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. F.Hoffmann-La Roche Ltd.
- 8.4.2.1. Company Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Thermo Fisher Scientific, Inc.
- 8.4.3.1. Company Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Siemens Healthcare GmbH
- 8.4.4.1. Company Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Bio-Rad Laboratories, Inc.
- 8.4.5.1. Company Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. GE HealthCare
- 8.4.6.1. Company Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Hologic, Inc.
- 8.4.7.1. Company Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Koninklijke Philips N.V.
- 8.4.8.1. Company Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Toshiba Corporation
- 8.4.9.1. Company Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Agilent Technologies, Inc.
- 8.4.10.1. Company Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. Illumina, Inc.
- 8.4.11.1. Company Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Strategic Initiatives