Thyroid Disorder Market Poised To Attain High Growth and reach to $2400.8 Mn With Top Industry Players: Allergan, Abbott Laboratories, GlaxoSmithKline plc, Merck & Co., Inc., Pfizer Inc., RLC LABS by 2023

Market Synopsis of Global Thyroid Disorder Market

Market Scenario:

Thyroid gland produces two important hormones namely triiodothyronine (T3) and thyroxine (T4) which are involved in the growth and regulation of many body functions namely regulation of metabolism, growth and development, intelligence, fertility, kidney functions, cardiac functions etc. Disorders of thyroid gland results in cretinism, nervous deficit and heart ailments. Extreme hypertension may also result from excessive thyroid hormone that can even result to death.

According to the international thyroid society almost 20 million Americans suffer from some form of thyroid disease based on this data and other related study it is expected that and more than 12 percent of the U.S. population will develop a thyroid condition during their lifetime.

The market for of thyroid disorders is growing at a moderate rate due to factors such as growing screening and rising prevalence of thyroid disorders, good medical reimbursement scenario, increasing awareness of implications of thyroid disorders and rising per capita income.

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Rise of risk factors such as obesity, diabetes and auto immune diseases etc. are also driving the global thyroid disorder market. For example, diabetics are twice likely to develop hashimoto’s thyroiditis. The increasing focus of world governments on the healthcare sector and the rise in the number of thyroid cancer cases is another factor driving the growth of the thyroid disorder market.

The growth of the market is restricted due to high cost associated with the treatment and the rise of alternative medicines for the treatment of thyroid disorders. However, side-effects associated with the current medication remains the most critical restraint for the global thyroid disorder market. For example the low therapeutic index which is the difference between the safe and effective dose for thyroid disorder drugs that have crippled the market for global thyroid disorders.

Key Players for Global Thyroid Disorder Market:

Some of the key players in this market are namely Allergan, Abbott Laboratories, GlaxoSmithKline plc, Merck & Co., Inc., Pfizer Inc., RLC LABS, AbbVie, Mylan and others.

Segments:

Global thyroid disorder market has been segmented on the basis of treatment which comprises of drugs and supplements, diagnostics and surgery. On the basis of disease indication; market is segmented into hypothyroidism, hyperthyroidism and other. On the basis of route of administration the market is segmented into oral, injectable and others. On the basis of end users the market is segmented into hospitals and home use.

Regional Analysis of Global Thyroid Disorder Market:

Globally America is the largest market for thyroid disorder and Europe is the second-largest market. Developed regions are expected to lose their market leadership in future due to growing Asia Pacific region which is expected to be the fastest growing region in thyroid disorder market. This region will be led by China and India. Africa is expected to be a moderately growing market in the global thyroid disorder market.

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Table Of Contents

1 Introduction

1.1 Definition

1.2 Scope Of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure

2 Research Methodology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

List Of Tables

Table 1 Global Thyroid Disorders Market, 2013-2022 (Usd Million)

Table 2 Global Thyroid Disorders Market, By Drug Class, 2013-2022 (Usd Million)

Table 3 Global Thyroid Disorders Market, By Route Of Administration, 2013-2022 (Usd Million)

Table 4 Global Thyroid Disorders Market, By End Users, 2013-2022 (Usd Million)

Table 5 Global Thyroid Disorders Market, By Region, 2013-2022 (Usd Million)

List Of Figures

Figure 1 Research Process

Figure 2 Porters Five Forces Model

Figure 3 Global Thyroid Disorders Market, By Drug Class

Figure 4 Global Thyroid Disorders Market, By Route Of Administration

Figure 5 Global Thyroid Disorders Market, By End Users

Figure 6 Global Thyroid Disorders Market, By Region

Figure 7 Global Thyroid Disorders Market: Company Share Analysis, 2015 (%)

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