Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the thyroid cancer drugs market grown over the years?

In recent times, the size of the thyroid cancer drugs market has seen a swift expansion. It is projected to increase from $1.17 billion in 2024 to $1.35 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.5%. The substantial growth during the historical period can be ascribed to the rising incidences of thyroid cancer, advancements in medical research, supportive regulatory framework, and increased spending on healthcare.

What Is the forecasted market size and growth rate for the thyroid cancer drugs market?

Anticipated to experience a sharp increase in the coming years, the market for thyroid cancer drugs is projected to reach $2.2 billion by 2029, seeing a compound annual growth rate (CAGR) of 13.0%. The boost during the predicted period is due to factors such as an increase in occurrence and aging population, advancements in accurate medicine, development in healthcare facilities, and greater awareness leading to early identification. The forecast period will also witness significant trends such as individualized treatment, targeted therapies and immunotherapies, clinical analyses and drug progression, treatment combinations, treatments based on biomarkers, telemedicine and remote supervision.

Get your thyroid cancer drugs market report here!

https://www.thebusinessresearchcompany.com/sample.aspx?id=2601&type=smp

What are the major factors driving growth in the thyroid cancer drugs market?

The rise in thyroid cancer cases, particularly among women, is propelling the growth of the thyroid cancer drugs market. The American Cancer Society, a US-based organization, estimated that in 2022 there were about 43,800 new instances of thyroid cancer in the United States. This includes 31,940 cases in women and 11,860 cases in men, resulting in 2,230 fatalities from thyroid cancer. Of these deaths, 1,070 were men and 1,160 were women. Consequently, the escalating occurrences of thyroid cancer, notably in women, contribute to the expansion of the thyroid cancer market.

What key areas define the segmentation of the global thyroid cancer drugs Market?

The thyroid cancer drugs market covered in this report is segmented –

1) By Drug Type: Ipilimumab, Cabozantinib-S-Malate, Caprelsa (Vandetanib), Doxorubicin Hydrochloride, Lenvatinib Mesylate, Nivolumab, Vandetanib, Other Drug Types

2) By Type: Radioiodine Ablation, Thyroid Stimulating Hormone (THS) Suppression, Chemotherapy, Targeted Multikinase Therapy, Other Types

3) By End Users: Hospitals, Oncology Clinics, Research Organizations, Other End-Users

Subsegments:

1) By Ipilimumab: Monotherapy Ipilimumab, Combination Therapy With Ipilimumab

2) By Cabozantinib-S-Malate: Single-Agent Cabozantinib, Combination Therapy With Cabozantinib

3) By Caprelsa (Vandetanib): Vandetanib For Medullary Thyroid Cancer (MTC), Combination Therapy With Vandetanib

4) By Doxorubicin Hydrochloride: Doxorubicin For Chemotherapy, Liposomal Doxorubicin

5) By Lenvatinib Mesylate: Lenvatinib For Differentiated Thyroid Cancer (DTC), Combination Therapy With Lenvatinib

6) By Nivolumab: Monotherapy Nivolumab, Combination Therapy With Nivolumab

7) By Vandetanib: Single-Agent Vandetanib, Combination Therapy With Vandetanib

8) By Other Drug Types: Sorafenib, Everolimus, Pembrolizumab

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2601&type=smp

What are the top market players propelling the growth of the thyroid cancer drugs industry?

Major companies operating in the thyroid cancer drugs market include Mylan Pharmaceuticals Inc., Alara Pharmaceutical Corporation, Baxter International Inc., Abbott Laboratories, APP Pharmaceuticals LLC, AstraZeneca PLC, GlaxoSmithKline plc, Exelixis Inc., Novartis AG, Pfizer Inc., Biovista Inc., Vascular Biogenics Ltd., Azaya Therapeutics Inc., Bionomics Limited, Bayer AG, Eisai Co. Ltd., Bio-Path Holdings Inc., Takeda Pharmaceutical Company Limited, AbbVie Inc., Bristol-Myers Squibb Company, Celgene Corporation (a subsidiary of Bristol-Myers Squibb Company), Eli Lilly and Company, F. Hoffmann-La Roche Ltd, Hikma Pharmaceuticals PLC, Ipsen Biopharmaceuticals Inc., Johnson & Johnson, Kyowa Kirin Co. Ltd., Merck & Co. Inc., Sanofi S.A., Amgen Inc., Astellas Pharma Inc., Boehringer Ingelheim International GmbH, Daiichi Sankyo Company Limited, Gilead Sciences Inc., Grifols S.A., Jazz Pharmaceuticals plc, Mallinckrodt Pharmaceuticals (a subsidiary of Specialty Generics Holdings), Medtronic plc, Mitsubishi Tanabe Pharma Corporation, Otsuka Pharmaceutical Co. Ltd.

What are the key trends shaping the future of the thyroid cancer drugs market?

The use of combination drugs in curing thyroid cancer is on the rise, due to their increased effectiveness in halting the spread of the disease. These types of drugs, which include two or more active pharmaceutical ingredients (APIs) in one dosage, inhibit the growth of drug resistance and cancer cells. For example, the American FDA has sanctioned the combination of dabrafenib (Tafinlar), classified as a BRAF inhibitor, and trametinib (Mekinist,), a MEK inhibitor, for the therapy of anaplastic thyroid cancer.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2601

What regions are dominating the thyroid cancer drugs market growth?

North America was the largest region in the thyroid cancer drugs market in 20232. Middle East is expected to be the fastest-growing region in the thyroid cancer drugs market during the forecast period. The regions covered in the thyroid cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Browse Through More Similar Reports By The Business Research Company:

Cardiovascular Drugs Global Market Report 2022

https://www.thebusinessresearchcompany.com/report/cardiovascular-drugs-global-market-report

Dermatology Drugs Global Market Report 2022

https://www.thebusinessresearchcompany.com/report/dermatology-drugs-global-market-report

Diuretics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/diuretics-drugs-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: