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Global Anti-Thyroid Drugs Market, Channel Analysis, Potential Growth 2024-2033
Anti-Thyroid Drugs Global Market
The Business Research Company's Anti-Thyroid Drugs Global Market Report 2024 identifies increasing prevalence of thyroid cancer as the major driver for the Anti-Thyroid Drugs market's growth in the forecast period. Thyroid cancer is a disease in the thyroid gland (a gland near the base of the throat that produces hormones to help regulate body temperature, heart rate, blood pressure, and weight). Anti-thyroid drugs help to discover thyroid cancer by providing early detection that can help improve treatment outcomes. Thus, the increasing prevalence of thyroid cancer increases the demand for the diagnostic market.
The anti-thyroid drugs market size has grown steadily in recent years. It will grow from $2.4 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to prevalence of thyroid disorders, advancements in drug development, healthcare infrastructure.
The anti-thyroid drugs market size is expected to see steady growth in the next few years. It will grow to $2.75 billion in 2028 at a compound annual growth rate (CAGR) of 2.8%. The growth in the forecast period can be attributed to patient awareness and education, healthcare expenditure, patient demographics, global economic conditions. Major trends in the forecast period include thyroid surgery and radioactive iodine alternatives, patient-centric care, telemedicine and remote monitoring.
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Major competitors in the Anti-Thyroid Drugs market are Mylan N.V., Abbott Laboratories, GlaxoSmithKline PLC, Merck & Co., AbbVie Inc., Pfizer Inc., Allergan PLC, RLC LABS Inc., Amgen Inc., Lannett Company Inc., Sanofi S.A., Novartis AG, Teva Pharmaceutical Industries Ltd., Eli Lilly and Company, Aspen Pharmacare Holdings Limited, Astellas Pharma Inc.
A key trend in the Anti-Thyroid Drugs market includes innovating products. Major companies operating in the anti-thyroid drugs market are focusing on innovating products, such as Levothyroxine Sodium Injection, to provide reliable services to customers. Levothyroxine Sodium Injection is an injection form of anti-thyroid drug used for treatment of myxedema coma which is a condition of severe hypothyroidism.
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The Anti-Thyroid Drugs market is segmented -
1) By Drug Type: Thionamides (Inhibition of hormone synthesis), Iodides (Inhibition of hormone release)
2) By Route of Administration: Oral, Intravenous, Other Route of Administration
3) By Distribution Channel: Wholesaler/Distributors, Retail Chain, Online Distribution, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Anti-Thyroid Drugs market.
The Business Research Company's "Global Anti-Thyroid Drugs Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Anti-Thyroid Drugs Market Include:
1. Executive Summary
2. Anti-Thyroid Drugs Market Characteristics
3. Anti-Thyroid Drugs Market Trends And Strategies
4. Anti-Thyroid Drugs Market - Macro Economic Scenario
5. Global Anti-Thyroid Drugs Market Size and Growth
……
31. Global Anti-Thyroid Drugs Market Competitive Benchmarking
32. Global Anti-Thyroid Drugs Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Anti-Thyroid Drugs Market
34. Anti-Thyroid Drugs Market Future Outlook and Potential Analysis
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