Thyroid Gland Disorders Therapeutics Market Outlook
The size of the Thyroid Gland Disorders Therapeutics Market is estimated to reach USD million by 2029, with growth at a CAGR of 3.2% during the forecast period 2022-2029. Thyroid gland-related disorders are caused due to the inefficiency of the thyroid gland to produce enough thyroid hormones. Thyroid disorders are mainly caused due to a deficiency of iodine in the body.
The global thyroid gland disorders therapeutics market growth is primarily driven by the rising burden of the population with iodine deficiency. Iodine deficiency is majorly caused by a low intake of iodine in the diet. As per the National Institute of Health, the prevalence of iodine deficiency is higher in the mountainous regions of the United States and Mexico, where more people are falling prey to thyroid diseases.
COVID-19 is affecting the global economy by directly affecting production and demand, disturbing the supply chain and market disruption, and by its a financial impact on firms and financial markets.
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Thyroid Gland Disorders Therapeutics Market Segmentation:
The global market Thyroid Gland Disorders Therapeutics Market is segmented by disease type, by drug class, and by route of administration.
Based on Disease Type, the segment is subdivided into Hypothyroidism, Hyperthyroidism, and Others. Based on Drug Class, it is further divided into Thiourea derivatives, Beta-adrenergic blocking agents, Thyroid hormones, Liothyronine, Electrolytes, Corticosteroids, Tricyclic antidepressants, and Antiepileptic agents. By Route of Administration into Oral, Parenteral, and Others. By Distribution Channel into Retail Stores, Online pharmacies, Wholesale Distribution, and Others.
Thyroid Gland Disorders Therapeutics Market Geographical Classification:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Rest of the World
Thyroid Gland Disorders Therapeutics Market Regional Presence:
Among all regions, the North American region is controlling the global market during the forecast period, and it remains to continue its dominance over the global market. Next to North America, the Europe region is projected to be expected as the second largest market during the forecast period 2022-2029.
Where the Asia Pacific is anticipated to be the fastest growing market during the forecast period 2022-2029, major countries such as China, Japan, India, and South Korea are contributing to their share growth of the Asia Pacific region.
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Some of the Major Companies Leading the Global Thyroid Gland Disorders Therapeutics Market:
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