Levothyroxine Sodium Tablet Market Scope
Levothyroxine Sodium Tablets are derived form of the thyroid hormone and are prescribed for the treatment of thyroid related disorders including Goiters and Thyroid cancer. Main, intermediate, and tertiary hypothyroidism are the most common conditions for which oral levothyroxine is prescribed. If a condition arises in the thyroid gland, it is referred to as primary hypothyroidism. Secondary hypothyroidism occurs when a problem in the pituitary gland causes a reduction in thyroid-stimulating hormone production (TSH). Tertiary hypothyroidism is somewhat uncommon. TSH levels may be affected significantly by even minor variations in Levothyroxine formulations. This may be especially concerning in marginalized groups, such as the aged, pregnant women, and children
The Levothyroxine Sodium Tablet market study is segmented, by Application (Hospital and Specialty Clinic) and major geographies with country level break-up.
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 estimates that United States Players will contribute to the maximum growth of Global Levothyroxine Sodium Tablet market throughout the predicted period.
Merck & Co. (United States), Abbott Laboratories (United States), AbbVie Inc. (United States), Novartis (Switzerland), Lupin (India), Mylan Pharma (United States), Pfizer (United States), Lannett Co. Inc. (United States), Fresenius Kabi (Germany) and IBSA Institut Biochimique SA (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AdvaCare Pharma (United States), Actiza Pharmaceutical Pvt. Ltd. (India), Amigoz Lifescience (India), DMS Pharmaceutical (United States), Livealth BioPharma Pvt. Ltd. (India) and Piramal Critical Care (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Levothyroxine Sodium Tablet market by Type, Application and Region.
On the basis of geography, the market of Levothyroxine Sodium Tablet 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).
On 22nd March, 2019 - Lupin launched its Generic Levothyroxine Sodium Tablets for the US Market, this Launched is Followed by FDA Approval a Few Months Earlier. These Tablets Are Indicated as Replacement or Supplemental Therapy for Hypothyroidism and As an Adjunct to Surgery and Radioiodine Therapy. and On 3rd August, 2020 - Lannett Announces and Cediprof Inc. Announced the Launch of FDA Approved Levothyroxine Tablets USP. Under a Supply Distribution Agreement Both Companies have fulfilled Separate legal Challenges for the Launch.
United States, Code of Federal Regulations 21, Levothyroxine Sodium - USDA is the key Regulatory Authority Responsible for Approval, Inspection and Dosage Limitations of Levothyroxine Sodium Tablet across the United States, FDA limits the usage to licensed prescription holders only. Any New Entrant is Required to have a Regulatory Clearance form FDA.
Market Trend
- Technical Progress in Medical Industry
Market Drivers
- Prevalence of Thyroid Disorders in Children
- Rising Geriatric Population
Opportunities
- Complications Leading to Adverse Reactions
Restraints
- Heavy Investments in Healthcare Research & Development
Challenges
- Side Effects and Adverse Reactions
- Regulatory Approval
Key Target Audience
Levothyroxine Sodium Tablet Manufactures, New Entrants and Investors, API Providers, Levothyroxine Sodium Tablet Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others