What is Hashimoto's Thyroiditis Drug Market Scope?
Hashimoto's thyroiditis is an autoimmune disease also known as Hashimoto's disease. It is a condition in which the thyroid gland does not make enough hormones for the body to need. The rising incidence of hypothyroidism and increasing awareness among individuals are major contributors to market growth. Various companies are working with government organizations to raise awareness about disease management, which is expected to drive the adoption of drugs to treat the thyroid disease. In addition, the surge in health care spending, the rapid surge in investment in the research and development of treatments for Hashimoto's thyroiditis, and the increase in the number of disease awareness programs are likely to create various new opportunities to affect this Hashimoto's thyroiditis drug market will have an impact.
The Hashimoto's Thyroiditis Drug market study is being classified by Type (Capsule, Powder and Tablet), by Application (Hospitals, Clinics, Medical Laboratories and Others) 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. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Hashimoto's Thyroiditis Drug market throughout the predicted period.
Allergan (Ireland), Mylan N.V. (United States), ACELLA PHARMACEUTICALS, LLC (United States), AbbVie Inc. (United States), Pfizer Inc. (United States), Sanofi (France), Merck KGaA (Germany), Lannett Co Inc. (United States), Novartis AG (Switzerland), Amneal Pharmaceuticals LLC (United States), GlaxoSmithKline plc (United Kingdom), Intas Pharmaceuticals Ltd. (India), Lupin Limited (India), Taj Pharmaceuticals Limited (India), F. Hoffmann-La Roche Ltd. (Switzerland) and Wockhardt (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Jerome Stevens Pharmaceuticals, Inc. (United States), Takeda Pharmaceutical Company Limited (Japan) and The Menarini Group (Italy).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Hashimoto's Thyroiditis Drug market by Type, Application and Region.
On the basis of geography, the market of Hashimoto's Thyroiditis Drug 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).
In May 2017, Merck had announced its support for the 9th International Thyroid Awareness Week (ITAW). Efforts such as these are anticipated to propel demand.
Influencing Market Trend
- Development of Cost-Effective Treatment
- The Rise in the Healthcare Expenditures
Market Drivers
- The Rapid Rise in the Exposure to Harmful Radiation
- The Rise in the Autoimmune Thyroid Diseases and Deficiency of Iodine Content
- The Rise in Incidence of Thyroid Gland Disorders
Opportunities
- Rapid Increase in the Investment in the Research and Development of Treatments for Hashimoto’s Thyroiditis
- Increase In Number of Disease Awareness Programs
Restraints
- The Strict Regulation of Food and Drug Administration Regarding Medication of Hashimoto’s Thyroiditis and Prolonged Treatment
Challenges
- The High Surgical Procedures Costs
Key Target Audience
Hashimoto's Thyroiditis Drug Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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