Article -> Article Details
Title | Thyroid Disorder Market Drivers, Opportunities, Trends, and Forecasts to 2023 |
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Category | Fitness Health --> Addictions |
Meta Keywords | Thyroid Disorder Market |
Owner | vinit |
Description | |
The thyroid gland is known to regulate many functions in the
body, and in the event of a disorder in the thyroid gland, the domino effect
impacts various other bodily functions. Market focused reports linked with the
healthcare industry among others recently have been made available by Market
Research Future which issues reports on this industry. The market for thyroid
disorder is predicted to achieve revenues worth US$2400.8 million by 2022 while
developing with a CAGR of 3.1 percent approximately in the forecast period. The disorders related to the thyroid hormone cause
fluctuations in the level of release of the thyroid hormones. The fluctuations
need to monitored and controlled by way of medication and certain lifestyle
changes. Functions such as fertility, cardiac functions, and kidney functions
are among those critical body functions that are affected by the thyroid
disorders. Increasing awareness about thyroid disorders and growing access to
medical assistance has increased the growth pace of the market. The rise of alternative
medicines is also expected to positively boost the progress of the market in
the forecast period. 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.
The end users segmentation of the market is segmented into home use and
hospitals. The regions included in the market are APAC, Middle East, and
Europe, Americas, Africa and rest of the world. Detailed Regional Analysis The regional analysis of the thyroid disorder market
includes regions such as APAC, Middle East, and 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. Global Competitive Analysis The prospects for growth and innovation have amplified at a
rapid pace transforming the market. Engaging and converting prospective
opportunities is modifying the growth pace of the market considerably. The
stimulus for the market’s growth has changed the competitive backdrop of the
market. By making certain supply and demand are in balance, the competitors can
reveal new opportunities for growth. 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. 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. Industry Updates: Feb 2018 The Central Marine Fisheries Research
Institute (CMFRI) is all set to launch a natural product from the sea to tackle
thyroid disorder after having developed nutraceutical products to treat
diabetes, arthritis, and cholesterol from marine organisms such as seaweeds and
green mussel. The marine nutraceutical product made by the Institute for
thyroid dysfunction is in the final stage of clinical trial. The four
nutraceutical products made by the CMFRI in the past has witnessed a huge
demand in the healthcare market. |