In Vitro Diagnostics (IVD) include reagents, instruments, and systems intended for use in the diagnosis of disease or other conditions, including the determination of the state of health, in order to treat or prevent disease. The reagents, instruments and systems are intended for use in the collection, preparation, and examination of specimens taken from the human body. The categories tracked under this market are Cardiac Disease, Hematological Disorders, Hormonal Disorders, Metabolic Disorder, Infectious Disease, IVD Analyzers and Reagents, Oncology and Reproductive Health Diagnostics. Thyroid Function Tests (TFTs) are performed to evaluate the function of the thyroid gland, principally in the investigation of hypothyroidism and hyperthyroidism. GlobalData uses proprietary data and analytics to provide a comprehensive report on the thyroid function tests devices market, including market shares of different players within Israel. Buy the latest report here.

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In 2022, GlobalData’s Market Model methodology determined that the leading player in the thyroid function tests market in Israel was Danaher followed by F. Hoffmann-La Roche, Siemens, Abbott Laboratories and Quidelortho.

TFTs are generally prescribed when a patient is suspected of abnormal level of thyroid hormones. Abnormal levels of thyroid hormones in the body can cause either hyperthyroidism (high level of thyroid hormones) or hypothyroidism (low level of thyroid hormones). Evaluation of thyroid function can be done by determining the concentration of thyroid and thyroid-related hormones. TFTs are prescribed for both the diagnosis and monitoring of hyperthyroidism and hypothyroidism. This market includes sub-segments Thyroid Stimulation Hormone (TSH) Tests, Free Thyroxine (FT4) Tests, Total Thyroxine (TT4) Tests, Free Triiodothyronine (FT3) Tests, Total Triiodothyronine (TT3) Tests, and other Thyroid Function Tests.

Following the widespread disruption resulting from the COVID-19 pandemic to the broader medical devices market during 2020 and 2021, the value of the thyroid function tests devices market within Israel was expected to be over $1m in 2022.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. 

The medical devices pipeline data used in this article were obtained from the Medical Pipeline Products Database of GlobalData’s Medical Intelligence Center. Pipeline Products database is a comprehensive source of information on medical devices, it covers 39K products which are in development stage and intended for diagnosis, treatment, and management of diseases/conditions/symptoms directly or indirectly. The pipeline products included in the database are sourced from reliable and authenticated sources, such as company websites, SEC filings, conference presentations, analyst presentations, news releases, clinical trial registries, and grants. The information is collected by following systematic research techniques and proprietary methodology.