Hypothyroidism Market share,Analysis, Outlook by Trends, Opportunities and Forecast to 2030

 

Hypothyroidism Market Overview

The Global Hypothyroidism Market Share is expected to grow at a CAGR of 4.6% during the forecast period. Increasing prevalence of hypothyroidism, advancements in healthcare facilities, and favorable reimbursement and funding policies are expected to drive the market growth over the forecast period. According to information suggested by the 2022 guideline of the American Thyroid Association (ATA), 20 million Americans had some form of hypothyroidism disorder. However, side-effects related to available therapeutics can restrain the market growth over the assessment period.

Hypothyroidism Market Segmentation

treatment, route of administration and end user.The market, on the basis of type of hypothyroidism, has been segmented into primary hypothyroidism, secondary hypothyroidism, and tertiary hypothyroidism.The Global Hypothyroidism market Outlook, on the basis of diagnosis & treatment, has been segmented into diagnosis and treatment. The diagnosis segment is further classified as physical examination, blood tests, imaging scan, and others. The treatment segment is further classified as levothyroxine sodium, liothyronine, and natural desiccated thyroid (NDT).

The levothyroxine sodium is expected to hold the largest market share owing to the growing prevalence of thyroid disorder, and effectiveness of drug. The Synthroid drug by Abbvie holds the major share in the US market. In 2016, Abbvie Inc. generated revenue of 763 USD million with Synthroid drug in US only.The Global Hypothyroidism Market Trends, by route of administration, has been segmented into oral, intravenous, and others. The Global market, on the basis of end users, has been segmented into hospitals, clinics, research & academic institutes and others.

Hypothyroidism Market Regional Analysis

prevalence of hypothyroidism. According to the American Thyroid Association, more than 12% of the US population develops a thyroid disorder during their lifetime. Europe is expected to hold the second largest position in the global market owing to the favorable reimbursement and funding policies. According to the Thyroid UK in 2016/2022, the National Health Service (NHS), England spent more than ~USD 42 Million on liothyronine (a drug for the treatment of hypothyroidism). Asia-Pacific is expected to be the fastest growing market owing to the presence of a large patient pool and improving healthcare infrastructure. According to a study published in the Journal of Clinical and Diagnostic Research in 2016, nearly 42 Million people residing in the country suffer from thyroid disorders. This prevalence of thyroid, consequently, results in an increased demand for therapeutic. This is projected to drive market growth. Moreover, the Middle East and Africa region is expected to account for the least market share in the global market.

Key Players:
global hypothyroidism market Players are Pfizer Inc., AbbVie Inc., Merck & Co., Inc., ALLERGAN, Mylan N.V., Erfa Canada Inc, Novartis AG, GlaxoSmithKline plc, RLC Labs and others

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

 

 

 

 


Comments

Post a Comment

Popular posts from this blog

Chronic Obstructive Pulmonary Disease Treatment Market Trends, Overview, Competitors Strategy, Regional Analysis and Growth Foresight 2030

Image
  Chronic Obstructive Pulmonary Disease Treatment Market Overview The global market report on chronic obstructive pulmonary disease has the potential to capitalize on various factors that have a link with unhealthy lifestyle or pollution and others. Due to this unhealthy lifestyle, many people have started smoking, which can directly influence various chronic obstructive pulmonary diseases. On the other hand, if people spend their time in places with poor airflow, they can trigger various symptoms of the disease. Pollution can alleviate the symptoms and play a significant role in influencing the increase in number for people suffering from the disease. with the increasing factors like pollution and other unhealthy lifestyles. These factors have been noted by Market Research Future (MRFR) for their elaborate study on the same market.  The Chronic Obstructive Pulmonary Disease Market  Size was valued at USD 1.82 billion in 2021 and is projected to grow from USD 3.07 Billi...
Read more

Dental 3D Printing Market Trend, Size, Growth and Forecast to 2030

Image
  Dental 3D Printing Market Overview Dental 3D printing witnesses extensive demand in the cosmetic dentistry which in turn, escalates its market on the global heights. Considering the kind of the growth, the market perceives currently, Market Research Future (MRFR) in its recently published analysis asserts that the global  Dental 3D Printing Market   will register over 15.61 % CAGR during the review period (2022 – 2030), reaching exponential heights by 2030.  Dental 3D printing is a huge evolution that ever occurred in the dental world. It can perform faster, is cost-competitive, and can offer unique products and services, providing an excellent return on investment. Considered as the form of modern dentistry, dental 3D printing creates three dimensional solid dental models for surgical guides, dentures, dental implants, crown, and bridges. Additional factors substantiating the market growth include the growing prevalence of dental decays and diseases and increa...
Read more

RSV Diagnostics Market Segments, Industry Sales, Profits and Regional Study 2030

Image
  RSV Diagnostics Market Overview The rising incidence rate of respiratory infections has done wonders for the market and is bound to surge at a significant rate in the coming years. with the growth in the incidences of chronic diseases around the world, there is bound to be an increase in the case of respiratory infections. This is going to have a definite positive impact on the demand for testing of infectious diseases like RSV. The deaths among neonates owing to these infections can be prevented when timely diagnosis and subsequent treatment is provided. Thus, the growing awareness regarding this factor is set to enhance the growth of the  RSV Diagnostics Market   in the years ahead. The latest report by Market Research Future (MRFR) states that the Respiratory Syncytial Virus (RSV) market is all set to gain substantial traction by accruing gigantic revenues by 2030. In addition, it is on track to surge at a CAGR of 10.7 % during the forecast period (2022–2030).The d...
Read more