Graves Disease Market Scope
In the developing world, Graves' disease is the most frequent cause of hyperthyroidism. It is caused by an immune deficiency in genetically prone people, resulting in thyroid hormone overload and glandular hyperplasia due to the development of special antibodies. Graves' disease reduces quality of life and increases the risk of psychosis, tachyarrhythmia, and heart failure. Graves' disease has a variety of soft-tissue symptoms that indicate its systemic autoimmune nature. Thyroid eye disorder is the most frequent of these manifestations, and it is critical to recognise it because of the risk to vision and the possibility for worsening in response to radioactive iodine ablation. Graves is a treatable and well-managed condition. Any patients will experience recovery, but many need long-term therapy for this illness.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), GlaxoSmithKline plc (United Kingdom), Merck and Co (United States), Pfizer, Inc (United States), RLC LABS (United States), AbbVie, Inc (United States), Mylan N.V. (United States), Allergan, plc (United States), advanceCor GmbH. (Germany) and Apitope International NV. (Belgium) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Graves Disease market throughout the predicted period.
Abbott Laboratories (United States), GlaxoSmithKline plc (United Kingdom), Merck and Co (United States), Pfizer, Inc (United States), RLC LABS (United States), AbbVie, Inc (United States), Mylan N.V. (United States), Allergan, plc (United States), advanceCor GmbH. (Germany) and Apitope International NV. (Belgium) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AV7 Ltd. (United Kingdom), Omeros Corp. (United States) and HanAll Biopharma. (South Korea).
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 the total available market.
Segmentation Overview
The study have segmented the market of Global Graves Disease market by Type , by Application (Hospital and Specialty Clinics) and Region with country level break-up.
On the basis of geography, the market of Graves Disease 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In Jaunuary, 2020, American Association of Clinical Endocrinologists (AACE) Released ‘Up to Here’ Thyroid Awareness Campaign. The Campaign its Aimed to Help Patients Recognize Symptoms, Risk Factors and The Need to Seek Treatment.
In June, 2019 - Eyes on Graves' Initiative Announced the launch of oneGRAVESvoice.com, for Awareness Among the People Living with Graves' Disease and Thyroid Eye Disease. The GDATF Manages Onegravesvoice, An Immersive Online Destination.
Influencing Trend:
Emergence of Advance Surgical Procedures
Market Growth Drivers:
Prevalence of Graves Disease, Rising Geriatric Population and Technical Progress in Healthcare Industries
Challenges:
Skewed Player Distribution
Restraints:
Lack of Trained Professionals
Opportunities:
Increasing Penetration across Emerging Regions and Growing Healthcare Infrastructure
Key Target Audience
Graves Disease Medication Manufactures, New Entrants and Investors, Graves Disease Medication Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others