What is Thyroid Disorder?
Thyroid disorder is a common problem that can cause by the following symptoms due to over- or under-function of the thyroid gland. The thyroid is a small part of the body which is butterfly-shaped posses at the base of the neck below Adam’s apple. It is a part gland called the Endocrine system. This system is responsible for coordination in body and regulations of metabolism .the thyroid gland produces hormones that are responsible for the above task. Various disorders can be observed when the thyroid level is too much hormone (hyperthyroidism) or less of required (hypothyroidism). Four common disorders of the thyroid are Hashimoto’s disease, Graves’ disease, goiter, and thyroid nodules.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Pfizer (United States), AbbVie (United States), Merck (United States), RLC Labs (United States), Abbott Laboratories (United States), GSK (United Kingdom), Mylan (United States), Amgen Inc (United States), Lannet Company (United States), Novartis (Switzerland) and Allergen Company (Ireland) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Hypothyroidism, Hyperthyroidism, Goiter, Thyroid nodules and Thyroid cancer) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Thyroid Disorder market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Pfizer (United States), AbbVie (United States), Merck (United States), RLC Labs (United States), Abbott Laboratories (United States), GSK (United Kingdom), Mylan (United States), Amgen Inc (United States), Lannet Company (United States), Novartis (Switzerland) and Allergen Company (Ireland).
Market Overview:
On 3rd February 2020 CEPI and GSK announce collaboration to strengthen the global effort to develop a vaccine for the 2019-nCoV virus it will help GSK to make adjuvant technology available to support the rapid development of candidate vaccines. CEPI, the Coalition for Epidemic Preparedness Innovations, and GSK announced a new collaboration aimed at helping the global effort to develop a vaccine for the 2019-nCoV virus. In this new move, GSK will make its established pandemic vaccine adjuvant platform technology available to enhance the development of an effective vaccine against 2019-nCoV.
On January 2018 FDA announced Westminster Pharmaceuticals a recall of all lots of Levothyroxine and Liothyronine (Thyroid Tablets) 15mg, 30mg, 60mg, 90mg, 120mg as the product was manufactured using active pharmaceutical ingredients (API) from a company that was found to have deviated from the Food and Drug Administration., On 9th may 2018 FDA is alerting active pharmaceutical ingredient (API) re-packagers and distributors, finished drug manufacturers, and compounders that Sichuan Friendly Pharmaceutical Co. Limited, China, has recalled all unexpired lots of porcine thyroid API due to inconsistent quality. FDA recommends that companies check their supply and quarantine any API from Sichuan Friendly. and Armour Thyroid (thyroid tablets, USP) has not been approved by the FDA as a new drug.
The thyroid disorder risk in raising the mortality rate,for these different pharmaceutical manufacturers and biotechnological manufacturers launching an effective product in the market to prevent and cure the thyroid disorder. There is a huge competition between top firms and local firms to catch the market and earn the profit and lead the business for a long time.
Influencing Trend:
New Emerging Medication For Thyroid Cancer and Radioactive Treatments Are Available
Market Growth Drivers:
Thyroid Disorder Is Increasing Due To Poor Diet and Highly Caused Due To Iodine Insufficiency Or Over Iodine Consumption
Challenges:
Thyroid Increasing Mortality Rate
Restraints:
Thyroid Surgeries Can Lead Complications And Further Side-Effects
Opportunities:
High Population Of Below Poverty Level People and Campaigns And Social Awareness About Disorder Symptoms And Causes By Different Company And Organisation
Key highlights of the Global Thyroid Disorder market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Thyroid Disorder market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Thyroid Disorder market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Thyroid Disorder Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thyroid Disorder market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Thyroid Disorder market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Drug manufacturer, Distributor/retailer/supplier, Hospital and clinics, Pharmacies, Regulatory Agencies and Pharmaceutical Companies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.