Graves’ disease (overactive thyroid) Market is expected to reach USD 507.65 Million by 2029

The worldwide Graves’ disease (overactive thyroid) Market report encompasses market definition, currency and pricing, market segmentation, market overview, premium insights, key insights and company profile of the key market players. It provides the supreme base for the competitor analysis, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market and HEALTHCARE industry. This market report offers a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, and gross margin. Graves’ disease (overactive thyroid) Market research report provides myriad of benefits for a prosperous business.

Graves’ disease is an immune system condition characterized by excessive thyroid hormone production (hyperthyroidism). Graves’ disease is a common cause of hyperthyroidism, though a variety of conditions can cause it. Graves’ disease has a wide range of signs and symptoms because thyroid hormones affect many different body systems. Graves’ disease can affect anyone, however it is more common in women and those under the age of 40.

Data Bridge Market Research analyses that the Graves’ disease (overactive thyroid) market was valued at USD 351.55 million in 2021 and is expected to reach USD 507.65 million by 2029, registering a CAGR of 4.70% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Graves’ disease (overactive thyroid), sometimes known as Basedow’s disease, is an autoimmune condition that leads to hyperthyroidism. It occurs when the body’s immune cells attack the thyroid, causing excessive thyroid hormone production. Graves’ disease treatment aims to inhibit thyroid hormone production and block the hormones’ effects on the body. Beta-blockers including propranolol and metoprolol are frequently used as first-line treatments. These medications help to keep your heart rate in check and safeguard it until other hyperthyroidism treatments take effect. Antithyroid drugs like methimazole (Tapazole) and propylthiouracil stop the thyroid gland from producing thyroid hormone. Radioiodine therapy entails taking a single dose of radioactive iodine in the form of a pill or a liquid. Radiation kills thyroid gland cells over a period of two to three months.

Opportunities

• Increase in the number of research and development activities       

Moreover, the market’s growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the Graves’ disease (overactive thyroid) market growth.

Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the Graves’ disease (overactive thyroid) market growth during the forecast period.

Restraints/Challenges

On the other hand, the high cost associated with the treatment will obstruct the market’s growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the Graves’ disease (overactive thyroid) market. Additionally, strict regulatory policies and lack of awareness among people will restrain and further impede the growth rate of the market during the forecast period of 2022-2029.

This Graves’ disease (overactive thyroid) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Graves’ disease (overactive thyroid) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Patient Epidemiology Analysis

Graves’ disease is more common in women as compared to men. It mainly affects adults between the ages of 30 and 50. Graves’ disease affects one in every 200 people in the United States, making it the most common cause of hyperthyroidism.

Graves’ disease (overactive thyroid) market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analyses of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.

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Some of the major players operating in the Graves’ disease (overactive thyroid) market are:

• F. Hoffmann-La Roche Ltd. (Switzerland)
• Mylan N.V. (U.S.)
• Teva Pharmaceutical Industries Ltd. (Ireland)
• Sanofi (France)
• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)
• Novartis AG (Switzerland)
• Merck & Co., Inc. (U.S.)
• Allergan (Ireland)
• AstraZeneca (U.K.)
• Johnson & Johnson Private Limited (U.S.)
• Hikma Pharmaceuticals PLC (U.K.)
• Bristol-Myers Squibb Company (U.S.)
• Bayer AG (Germany)
• Boehringer Ingelheim International GmbH. (Germany)
• Dr. Reddy’s Laboratories Ltd. (India)
• Gilead Sciences, Inc. (U.S.)
• Amgen Inc. (U.S.)
• Eli Lilly and Company (U.S.)
• AbbVie Inc. (U.S.)
• Lupin (India)
• Allergan (Ireland)

Graves’ Disease (Overactive Thyroid) Market Scope

Treatment

• Radioactive iodine therapy
• Medication
• Corticosteroids
• Beta blockers
• Propranolol
• Atenolol
• Metoprolol
• Nadolol

Anti-thyroid medications

• Propylthiouracil
• Methimazole
• Others

Diagnosis

• Radioactive Iodine Uptake
• Imaging Tests
• CT scan
• Ultrasound
• Magnetic resonance imaging (MRI)
• Others
• Blood Tests
• Others

Route of Administration

• Oral
• Parenteral
• Others

End-Users

• Hospitals
• Specialty Clinics
• Homecare
• Others

Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume

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