Thyroid Disorder Therapy Market 2019 | In-depth Analysis by Top Players Pfizer Inc., Merck & Co., Mylan N.V., Novartis A.G., Lanett company, Inc., Sanofi, AbbVie Inc., Aspen, GlaxoSmithKline, and Abbott laboratories

Thyroid cancer is one of the major problem which is increasing the demand for therapy. To meet the demand, many drugs are in a pipeline while few drugs received approvals. In May 2018, Food and Drug Administration (FDA) approved a combination of two targeted drugs, dabrafenib plus trametinib, to treat patients with anaplastic thyroid cancer. The combination of Tafinlar (dabrafenib) and Mekinist (trametinib) is the first FDA approved treatment for these type of thyroid cancers.

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Moreover, in 2015, FDA approved Lenvatinib for the treatment of locally recurrent or metastatic, progressive, radioactive iodine-refractory differentiated thyroid cancer. In the same year, Japan received the approval for manufacturing and marketing authorization in Japan for its Lenvima, an anticancer drug for the treatment of thyroid cancer.

Thyroid disorder therapy market size is also expected to witness significant growth over the forecast period, owing to increasing prevalence of thyroid cancer. For instance, according to National Cancer Institute of U.S report in 2016, there were an estimated 822,242 people living with thyroid cancer in the U.S.

Furthermore, according to the American Cancer Society’s estimates for thyroid cancer in the U.S., around 52,070 new cases of thyroid cancer (14,260 in men and 37,810 in women) and around 2,170 deaths from thyroid cancer (1,020 men and 1,150 women) in 2019.

High cost of thyroid disorder therapy may restrain growth of the thyroid disorder therapy market during the forecast period. For instance, according to National Center for Biotechnology Information 2015 report, the aggregate national cost of well-differentiated thyroid cancer (WDTC) care in 2013 was US$ 1.6 billion.

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Key players operating in the thyroid disorder therapy market include, Pfizer Inc., Merck & Co., Mylan N.V., Novartis A.G., Lanett company, Inc., Sanofi, AbbVie Inc., Aspen, GlaxoSmithKline, and Abbott laboratories.

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