Thyroid Gland Disorder Treatment Market Update 2023: Predicted to Surpass USD 2.77 Billions by 2025, Report

Thyroid gland disorder market was valued at $2,057 million in 2017, and is estimated to reach $2,771 million at a CAGR of 3.8% from 2018 to 2025. North America was the highest contributor to the thyroid gland disorder treatment market in 2017; however, Asia-Pacific is expected to witness the highest growth during the forecast period. The thyroid gland produces hormones, which regulates the body metabolism. The abnormal release of thyroid hormones causes thyroid disorder. Thyroid hormone is necessary to regulate the heart rate, blood pressure, and body temperature. However, due to factors such as iodine deficiency, autoimmunity, and congenital hypothyroidism, one-third of the population is at the risk of having thyroid disease.

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Pfizer Inc, Mylan N.V, Lannett Company, Inc, Novartis AG, AbbVie Inc, RLC LABS, Inc, GlaxoSmithKline plc, Abbott Laboratories, Merck & Co. Inc, Allergan Plc

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The Thyroid Gland Disorder Treatment market can be segmented based on various factors. Here are some common segmentation approaches used in the industry:

1. Type of Disorder: The market can be segmented based on the specific thyroid gland disorder being treated. This includes conditions such as hypothyroidism, hyperthyroidism, thyroiditis, goiter, thyroid nodules, and thyroid cancer. Each disorder may have unique treatment requirements and medications.
2. Treatment Type: This segmentation categorizes the market based on the type of treatment used for thyroid gland disorders. It can include medication-based treatments, surgical interventions, radioactive iodine therapy, and alternative therapies. Different treatment options may be chosen depending on the severity and type of disorder.
3. End-user: The market can also be segmented based on the end-users of thyroid gland disorder treatments. This includes hospitals, clinics, diagnostic laboratories, and research institutes. Each end-user may have specific requirements and preferences for thyroid disorder treatment products.
4. Geography: Another common segmentation approach is based on the geographic regions. This includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The prevalence of thyroid gland disorders and the availability of treatment options may vary across different regions, leading to regional differences in the market.
5. Distribution Channel: This segmentation focuses on the channels through which thyroid gland disorder treatments are distributed. It includes segments such as hospital pharmacies, retail pharmacies, online pharmacies, and specialty clinics. The choice of distribution channel can impact accessibility and availability of treatments.

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