Thyroid Cancer Treatment Market Growth Factors, Revenue Analysis By 2028

Precision Business Insights published a research report on "Thyroid Cancer Treatment Market by treatment type (Iodine Therapy, Thyroxin Treatment, Chemotherapy (Cisplatin, Doxorubicin), Drugs (Levothyroxine, Radioiodine), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Others) and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific) - Global/Region/Country Forecast to 2028"

Thyroid cancer is a type of cancer that starts in the par follicular and follicular thyroid cells and spreads from there. Thyroid nodules are benign tumours that develop in the thyroid gland and therefore can spread to other regions of the body. About 90% of thyroid cancers are benign. Thyroid surgery, radiation ablation, and thyroid stimulating hormone (TSH) suppression therapy are among the treatments available.

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The rising prevalence and recurrence of thyroid cancer are projected to increase the market for thyroid cancer testing. Thyroid cancer testing market growth is likely to be boosted by development and research in testing technology that ensures correct diagnosis of thyroid cancer. The thyroid cancer testing market is likely to be fueled by rising public awareness and reimbursement policies. Over the projected period, global thyroid cancer testing is anticipated to expand significantly. Thyroid cancer is becoming more common, and technological advances are projected to improve the market for thyroid cancer testing. Thyroid cancer testing is projected to be dominated by imaging tests over the projection period, as these procedures are required to diagnose thyroid cancer. Over the projection period, biopsy testing is also anticipated to expand. Because of the high efficiency of imaging tests and advancements in technology in imaging technology, the diagnostic imaging segment is likely to dominate the end user segment in the worldwide thyroid cancer testing market over the forecast period. The thyroid cancer testing market's fastest expanding category is projected to be hospitals' linked labs.

Based on type, the thyroid cancer drug market is fragmented into follicular thyroid cancer, papillary thyroid cancer, medullary thyroid cancer (MTC), hurthle cell cancer, and anaplastic thyroid cancer. Based on treatment, the thyroid cancer drug market is segregated into chemotherapy, medication, radioactive iodine (radioiodine) therapy, hormone therapy and surgery. Surgery is further divided into near-total thyroidectomy, lobectomy, and total thyroidectomy. Based on drug type, the thyroid cancer drug market is classified into sorafenib, thyroid desiccated, thyrotropin alfa, doxorubicin, vandetanib, lenvatini, sodium iodide i-131, cabozantinib, dabrafenib, trametinib and others. Based on route of administration, the thyroid cancer drug market is fragmented into injectable, oral, and others. Based on end- users, the thyroid cancer drug market is categorized into homecare, hospitals, specialty clinics and others.

North America currently dominates the worldwide thyroid cancer testing market and is anticipated to remain so for the foreseeable future. The market is being driven by reimbursement policies, technological advancements, and improved healthcare infrastructure in North America. The European market for thyroid cancer testing is the second most appealing market for thyroid cancer testing. Because of the vast patient pool, advancements in healthcare infrastructure, and the government's focus on preventing various types of cancer, the Asia Pacific area is predicted to be the fastest expanding market for thyroid cancer testing.

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There are several industry players working in the Thyroid Cancer Treatment Market, which include Abbott Laboratories, Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc.,, Siemens AG, Bio Rad Laboratories Inc., GE Healthcare, Illumina, Inc., Koninklijke Philips N.V., Toshiba Medical Systems Corporation

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