The Business Research Company Global Thyroid Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, September 19, 2022 /EINPresswire.com/ — According to The 2022 Global Thyroid Market Report – Market Size, Trends and Global Forecast 2022-2026 published by The Business Research Company, the global thyroid drug market is expected to reach US$2.72 billion in 2026. with an average annual growth rate of 3.0%. As the number of patients with Graves’ disease is on the rise, the number of people suffering from hyperthyroidism is also on the rise. This leads to an overall increase in demand for antithyroid drugs, which stimulates the growth of the antithyroid drug industry.
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The antithyroid drug market consists of sales of antithyroid drugs and related services that are used to treat hyperthyroidism. Hyperthyroidism is caused by excessive production of thyroid hormones in children, adults, and pregnant women. A class of antithyroid drugs also called thionamides, which block the production of thyroid hormones from an overactive thyroid gland.
Global Thyroid Market Trends
Thyroid care associations are launching initiatives to raise awareness about thyroid disease, update the latest treatments, and other bulletins related to various thyroid disease research. In the US, nearly 60% of the population with hyperthyroidism is not aware of it and is not diagnosed. To curb these issues, associations, including the American Thyroid Association (ATA), are making an impact by educating people about thyroid disease. Similarly, the Canadian Thyroid Foundation has also initiated awareness raising to create public interest and awareness about thyroid disorders, including hyperthyroidism. Other associations that launch awareness initiatives and programs include the American Academy of Otolaryngology, the British Thyroid Foundation, and others.
Segments of the global thyroid drug market
The global antithyroid drug market is segmented into:
By type of drug: thionamides (inhibition of hormone synthesis), iodides (inhibition of hormone release)
By route of administration: orally, intravenously, others
Sales channel: wholesaler/distributors, retail network, online distribution, others
By geography, the global thyroid medications market analysis report is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the largest share is in North America.
Read more about the Global Thyroid Market Report here.
The 2022 Global Thyroid Drug Market Report is one of a series of new reports from The Business Research Company providing Thyroid Drug Market overviews, market size and growth analysis and forecasts for the Global Thyroid Drug Market , drugs for the treatment of the thyroid gland. global market share, antithyroid drugs, global market segments and geographies, global antithyroid drug market players, global antithyroid drug market leading competitors, market profiles and shares. The Global Thyroid Drugs Market Report identifies top countries and segments for opportunities and strategies based on market trends and major competitor approaches.
The TBRC Global Thyroid Market Report 2022 includes information on the following:
Data segmentation: market size, global, by regions and countries, historical data and forecasts, and growth rates for 60 geographic regions.
Key Market Players: Mylan NV, Abbott Laboratories, GlaxoSmithKline plc, Merck & Co., AbbVie Inc, Pfizer Inc., Allergan plc., RLC LABS, Amgen Inc and Lannett Company Inc.
Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And much more.
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Business Research has published over 1,000 industry reports covering over 2,500 market segments and 60 regions. The reports are based on 150,000 data sets, extensive secondary research and exclusive insights from interviews with industry leaders. The reports are supplemented with detailed analysis of the impact of COVID-19 on various markets.
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