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Covid-19 impact on - Thyroid Cancer Drug Market 2020 Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to 2026 Research Report | DBMR Updates
Thyroid Cancer Drug Market
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Global thyroid cancer drug market is rise gradually to an estimated value of USD 2404.8 million by 2026 registering a CAGR of 24.3% in the forecast period of 2019-2026. Increasing prevalence of thyroid cancer and accelerating demand of clinical treatment and novel therapies indicates the significant growth of market.
Few of the major competitors currently working in the thyroid cancer drug market are Mylan N.V., Bristol-Myers Squibb Company, Teva Pharmaceutical Industries Ltd, Jerome Stevens Pharmaceuticals, Inc, Baxter, Abbott, Celgene Corporation, AstraZeneca, GlaxoSmithKline plc, Eisai Co., Ltd, Takeda Pharmaceutical Company Ltd, Biovista, Cytori Therapeutics Inc, Bayer AG, Novartis AG, Bio-Path Holdings, Inc, Vascular Biogenics, and few among others.
Market Analysis:
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Market Definition: Global Thyroid Cancer Drug Market
Thyroid cancer is also known as thyroid nodules is a cancer occur in thyroid gland and can spread to other parts of the body and about 90% of all thyroid cancers are benign.
According to the statistics published in American Cancer Society 2019, it is estimated that 52,070 patients to be diagnosed with thyroid cancer in the United States in this current year. It is more prevalent in women and near 2% of cases occurs in children. Growing population of thyroid cancer and adopting unhealthy life style are the key factors for market growth.
Segmentation: Global Thyroid Cancer Drug Market
Thyroid Cancer Drug Market : By Type
Papillary thyroid cancer
Follicular thyroid cancer
Hurthle cell cancer
Medullary thyroid cancer (MTC)
Anaplastic thyroid cancer
Thyroid Cancer Drug Market : By Drug Type
Thyroid desiccated
Sorafenib
Thyrotropin alfa
Vandetanib
Doxorubicin
Cabozantinib
Lenvatinib
Sodium iodide I-131
Dabrafenib
Trametinib
Others
Thyroid Cancer Drug Market : By Treatment
Medication
Chemotherapy
Radioactive iodine (radioiodine) therapy
Hormone therapy
Surgery
Thyroid Cancer Drug Market : By Route of administration
Oral
Injectable
Others
Thyroid Cancer Drug Market : By End users
Hospitals
Homecare
Specialty Clinics
Others
Thyroid Cancer Drug Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Key Developments in the Market:
In May 2018, Novartis AG received FDA approval for Tafinlar in combination with Mekinist (trametinib) for the treatment of anaplastic thyroid cancer comprising of abnormal gene known as BRAF V600E
In March 2018, Eisai Co., Ltd and Merck & Co., Inc entered into research collaboration for exclusive worldwide co-development and co- commercialization of Lenvima in combination with pembrolizumab for 11 potential indications in six types of cancer (endometrial cancer, non-small cell lung cancer, hepatocellular carcinoma, head and neck cancer, bladder cancer and melanoma). Lenvima has been approved from the FDA for the treatment of differentiated thyroid cancer
Thyroid Cancer Drug Market Drivers :
Increase in prevalence rate of neuroendocrine tumor worldwide
Accelerating demand of treatment and novel therapies
Rising awareness about treatment and technological advancement is driving the growth of market
Increases cases of obesity and adopting unhealthy life style
Thyroid Cancer Drug Market Restraints :
Effective treatment is either unavailable or unaffordable
Patent expiry of the patented drugs and introduction of generic version of branded drugs is expected to restrain the growth if the market
Inadequate awareness about thyroid cancer treatment in some developing countries
Reasons to Purchase this Report :
Current and future of global thyroid cancer drug market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
This all-inclusive Thyroid Cancer Drug Market report sheds light on each region, market size in terms of USD Mn for every individual segment and their sub-segment for the period from 2020 to 2026, considering the macro and micro situation factors. The document gives a brief introduction to the research report outlook, TOC, list of tables and figures & an outlook to key players of the market comprising key regions. An extensive summary of the Thyroid Cancer Drug Market has prominent market that includes several major market leaders in the report. The report necessitates an in-depth analysis pertaining to the product manufactured by the vendors combining with the product application range.
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