Industry Background:
The antithyroid drugs industry contains antithyroid drugs that are highly used for the treatment of hyperthyroidism. Hyperthyroidism is produced by the overproduction of thyroid hormones among children, adults, and pregnant women. The anti-thyroid class of drugs is also termed thionamides which block the formation of thyroid hormone from the overactive thyroid gland. Graves’ disease is one of the straight reasons for hyperthyroidism, and the increase in the occurrence of Graves’ disease is a growing demand for antithyroid drugs. According to the stats, in the year 2018, nearly 384,500 people were suffering from Graves’ disease across the seven major markets around the globe among all the United States accounted highest reported cases with an occurrence of 1.2%.This growth is primarily driven by Prevalence of Graves Disease
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Pharmaceuticals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Mylan N.V. (United States), Abbott Laboratories (United States), GlaxoSmithKline plc (United Kingdom), Merck & Co. (United States), AbbVie, Inc. (United States), Pfizer, Inc (United States), RLC LABS (United States), Allergan, plc (United States), advanceCor GmbH. (Germany) and Apitope International NV. (Belgium), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2021, Merck, a publicly traded biopharmaceutical company acquired acquire Acceleron for USD180 per share in cash for an approximate total equity value of USD 11.5 billion. This acquisition helped company to expand its presence in antithyroid drug market
In November 2020, Pfizer Inc. Completed the transaction to spin off its Upjohn Business and combine it with Mylan N.V. to form Viatris Inc. this strategic move helped company to expand its presence in antithyroid drug marketThe companies are discovering the market in new geographical areas by adopting various strategic growth areas such as mergers & acquisitions, expansions, investments, new product launches, and others. The market key players are exploring new areas through growths and achievements across the globe to benefit from competitive advantage through combined synergies.
Influencing Trend:
Growing Demand Attributed from the North America Regions, among them, the United States Holds Major Market Share
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
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Antithyroid Drug Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Antithyroid Drug Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Antithyroid Drug players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Antithyroid Drug Study Sheds Light on
The Antithyroid Drug Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Antithyroid Drug industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Antithyroid Drug industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.