Thyroid Disorder Market Report Covers Detailed Industry Scope, Future Market Size Scenario and Elaborates Outlook to 2025

Research Reports

Jan 25, 2021

Thyroid gland produces two important hormones namely triiodothyronine (T3) and thyroxine (T4) which are involved in the growth and regulation of many body functions namely regulation of metabolism, growth and development, intelligence, fertility, kidney functions, cardiac functions etc. Disorders of thyroid gland results in cretinism, nervous deficit and heart ailments. Extreme hypertension may also result from excessive thyroid hormone that can even result to death.

According to the international thyroid society, almost 20 million Americans suffer from some form of thyroid disease based on this data and another related study it is expected that and more than 12 percent of the U.S. population will develop a thyroid condition during their lifetime.

Detailed Regional Analysis

The regional analysis of the thyroid disorder market includes regions such as APAC, Middle East, Europe, Americas, Africa and rest of the world. Among all the regions, America is the principal market for thyroid disorder, and Europe is the second biggest market. The established regions are expected to lose their market leadership in the future owing to the emerging Asia Pacific region which is projected to be the most swiftly growing region in thyroid disorder market. Nations such as India and China will control this region. The African region is likely to be a moderately increasing market in the thyroid disorder market globally.

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Industry Segments

The thyroid disorder market globally has been segmented on the disease indication, basis of treatment, end users, route of administration, and region. The basis of treatment segments the market into diagnostics, surgery, drugs, and supplements. The basis of disease indication segments the market into hyperthyroidism, hypothyroidism and other. The segmentation based on the route of administration segments the market into injectable, oral and others.

Global Competitive Analysis

The competitors in the market have been encouraged to plan strategic road-maps that capitalize on the positive market cues. The prominent trends and players have led to a positive tone for development. The important trends and players have established a positive tone for development.

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A few of the major players in this market are Abbott Laboratories, Allergan, Merck & Co., Inc., GlaxoSmithKline plc, Pfizer Inc., RLC LABS, AbbVie, Mylan, and others.

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