What is Thiamazole Market?
Thiamazole, also known as methimazole. Methimazole is antithyroid that belongs to thioamides. Methimazole is used to treat hyperthyroidism. Before thyroid surgery, patients are also given methimazole to lower levels of thyroid hormones and reduce the side effects of thyroid hormone regulation. It is taken orally. In addition, thiamazole is used in the veterinary field to treat hyperthyroidism in cats. However, administration of 2.5 mg twice daily has been shown to be effective in hyperthyroid cats, although the time to development of euthyroidism is longer (approximately 4 weeks) in the majority of cats than after oral administration. Interestingly, cats are also treated with oral thiamazole and at times are more likely to experience gastrointestinal side effects than the other cats that are treated with transdermal thiamazole. Methimazole is the form of the active metabolite of carbimazole, usually from which it is rapidly converted. Methimazole is the main anti-thyroid drug used in the US, while carbimazole is used in Europe and the UK.
The market study is being classified, by Application (Adults and Children) and major geographies with country level break-up.
Merck KGaA (Germany), Bayer (Germany), Pfizer Inc. (United States), Abbott Laboratories (United States), China National Pharmaceutical Group (China), Sandoz Inc. (Germany), Sun Pharmaceutical Industries Inc. (India), Heritage Pharma Labs Inc. (United States), Mylan Pharmaceuticals Inc. (United States) and Rising Pharma Holdings Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Caraco pharmaceutical laboratories Ltd. (United States) and Cedar pharmaceuticals LLC (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Thiamazole market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Thiamazole market by Type, Application and Region.
On the basis of geography, the market of Thiamazole has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase in the Incidences of Hyperthyroidism Disorder
- Growing Awareness Levels among Individuals
- Sedentary Lifestyle and Consistent Expanding Pool of Geriatric Population
- Rise In the Number of Disease Awareness Programs Especially In the Developing Countries
Market Trend
- High Efficacy, Rate of Bioavailability, And Rapid Delivery of Drugs
- Development of Effective Combination Drug Therapies to Treat Hyperthyroidism Disorder
- A Rise in Collaborations with Government Organizations to Spread Awareness Regarding Disease Management
Restraints
- Side Effects of the Drugs and Stringent Government Regulations
Opportunities
- Growth in Investments by the Market Incumbents
- Campaigns and Social Awareness about Disorder Symptoms and Causes by Different Company and Organization
Challenges
- Availability of Large Pool of Undiagnosed Patients Due To Asymptomatic Nature of the Disorder
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Thiamazole, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry