According to the latest report published by Credence Research, Inc. “Thyroid Gland Disorders Treatment Market (Treatment Type: Hypothyroidism and Hyperthyroidism): Growth, Future Prospects and Competitive Analysis, 2016-2022,” the thyroid gland disorders treatment market was valued at USD 1.9 Bn in 2015, and is expected to reach USD 2.5 Mn by 2023, expanding at a CAGR of 3.3% from 2016 to 2023.
Growth in healthcare investments, prevalence of thyroid disorders and growing high-risk geriatric population are the major factors driving the global market growth for thyroid gland disorders treatment. North America is the largest regional market at a market share of over 41% in 2015, and the dominance of this region is anticipated to continue through 2022. Rising number of patients suffering from thyroid diseases in U.S. is the key driver to the market growth. According to American Thyroid Association (ASA), more than 12% of the U.S. population will develop a thyroid condition during their lifetime and an estimated 20 million Americans have some form of thyroid disease. Moreover, rising awareness regarding the thyroid diseases would further drive the market growth.
Browse the full report Thyroid Gland Disorders Treatment: Market Growth, Future Prospects and Competitive Analysis, 2016-2023report at http://www.credenceresearch.com/report/thyroid-gland-disorders-treatment-market
The thyroid gland disorders treatment market is majorly segmented into hypothyroidism and hyperthyroidism treatment. The hypothyroidism treatment includes drugs such as levothroxine and liothyronine, while hyperthyroidism treatments include drugs such as imidazole and propacil. The thyroid gland disorders treatment market is propelling due to the factors such as rise in the patient base suffering from thyroid disorders, rising geriatric population and consistent introduction of innovative and novel therapeutics by market players leading to the growth of the market. Moreover, growing demand for hypothyroidism drugs such as Synthroid and Euthyrox in the developing as well as developed region would further drive the market growth.
The major players operating in this market include AbbVie, Inc., Mylan N.V., Abbott Laboratories, Merck KGaA, Pfizer, Inc., Sanofi, GlaxoSmithKline plc, Novartis AG and others
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Address:105 N 1st ST #429
City: SAN JOSE
Country: United States