Global AntiThyroid Drugs Market Analysis 2023: Size, Share, And Key Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s AntiThyroid Drugs Global Market Report 2023, the antithyroid drugs market is expected to show significant growth in the forecast period.
Key insights from the antithyroid drugs market forecast include:
- Market Size
Global anti-thyroid drugs market to reach $2.52 billion in 2023 with a 3.0% CAGR. Projected market size is $2.78 billion in 2027 with a 2.5% CAGR.
- Major Driver
Graves’ disease drives hyperthyroidism cases, particularly in developed nations. A 2020 study revealed GD as the top cause of hyperthyroidism. Prevalent in ages 30-60, women face a 5-10 times higher risk. Genetic factors contribute 79% of GD risk, while environmental factors account for 21%. With Graves’ disease on the rise, hyperthyroidism cases surge, boosting the demand for anti-thyroid drugs and driving market growth.
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- Key Trend
Thyroid care organizations are promoting awareness, treatment updates, and research summaries. In the USA, 60% with hyperthyroidism go undiagnosed. Associations like the American Thyroid Association (ATA) educate people to address this issue. The Thyroid Foundation of Canada also raises awareness. Other groups, such as the American Academy of Otolaryngology and the British Thyroid Foundation, are initiating programs to increase awareness.
- Largest Region
North America was the largest region in the anti-thyroid drugs market in 2022.
- Major Players
Major players in the food diagnostics market are Mylan N.V., Abbott Laboratories, GlaxoSmithKline PLC., Merck & Co., AbbVie Inc., Pfizer Inc., Allergan PLC, RLC LABS, Amgen Inc., and Lannett Company Inc.
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Key AntiThyroid Drugs Market Segments
The global antithyroid 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 Adminitration
3) By Distribution Channel: Wholesaler/Distributors, Retail Chain, Online Distribution, Other Distribution Channels
The AntiThyroid Drugs Global Market Report 2023 provides an in-depth analysis on the antithyroid drugs market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the antithyroid drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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