About Thyroid Disorder Therapy
Thyroid disorders may lead to elevated or decreased levels of metabolic hormones, leading to medical conditions such as hypothyroidism and hyperthyroidism. Thyroid can be caused by iodine deficiency and autoimmune disease. Iodine deficiency is a major factor that may lead to thyroid disorder. Technological advancement in thyroid disorder therapy is also driving growth of the thyroid disorder therapy market during the forecast period. Radioactive iodine (I-131) has been used to treat over-active thyroid disorders (hyperthyroidism). It is an effective method of treatment. It is now being used more often as a first-line treatment rather than surgery, which reduces the amount of thyroxin and size of gland. The thyroid disorder therapy market is poised for expansion in the foreseeable future. Increasing disease prevalence, growing awareness, and advancements in treatment options are expected to be the key drivers of this market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Thyroid Disorder Therapy market is on an upward trajectory, driven by an aging population and rising demand for comfortable recovery at home. This translates to a fierce competition among manufacturers. Here's a breakdown of the competitive landscape in the Thyroid Disorder Therapy. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Thyroid Disorder Therapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amgen Inc. (United States), AstraZeneca (United Kingdom), Bayer AG (Germany), Curium Pharma (Netherland), F. Hoffmann-La Roche Ltd (Switzerland), GlaxoSmithKline plc (United Kingdom), PIUR IMAGING (Austria), Otsuka Holdings Co., Ltd. (Japan), Sanofi (France) and Shionogi & Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sun Pharmaceutical Industries Ltd. (India), Pfizer Inc. (United States), Teva Pharmaceutical Industries Ltd. (Israel), Takeda Pharmaceutical Company Limited (Japan) and Abbott (United States).
Segmentation Overview
AMA Research has segmented the market of Global Thyroid Disorder Therapy market by and Region.
On the basis of geography, the market of Thyroid Disorder Therapy 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). If we see Market by Drug Type, the sub-segment i.e. Kinase Inhibitors will boost the Thyroid Disorder Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disease Type, the sub-segment i.e. Hypothyroidism will boost the Thyroid Disorder Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Thyroid Disorder Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacy will boost the Thyroid Disorder Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Method, the sub-segment i.e. Medication will boost the Thyroid Disorder Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Personalized Therapy and Targeted therapies
Market Growth Drivers:
Increased Prevalence of Thyroid Disorder
Challenges:
Side Effects of Some of the Drugs Used for Treatment of the Disease
Restraints:
Limited access to healthcare services
Opportunities:
Telemedicine and Remote monitoring and Development of Effective Combination Drug Therapies to Treat Thyroid Gland Disorders
Market Leaders and their expansionary development strategies
In October 2023, Curium and PIUR IMAGING announced a strategic partnership to advance thyroid diagnostics. The partnership agreement, PIUR IMAGING will provide and continuously develop the hardware and software solution, with Curium responsible for the exclusive distribution of the product in nuclear medicine.
In October 2023, Amgen announced the presentation of new data across its broad oncology portfolio and pipeline at the European Society for Medical Oncology, taking place from results from Amgen-sponsored and collaborative studies, including two late-breaking oral presentations, will feature data in a range of tough-to-treat cancers.
Key Target Audience
Research & Development Organization, Government & Regulatory Bodies, Market Research & Consultancy Firm, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.