Antithyroid agents Market to Exhibit a Remarkable Growth of USD 3.03 Billion by 2029

PRESS RELEASE
Published October 11, 2023

Data Bridge Market Research conducted a recent market intelligence study, thoroughly analysing the Antithyroid Agents Market. The newly published report employs an appealing layout that presents essential data using visually engaging tables, graphs, charts, and figures.

To achieve robust business growth, companies must embrace the indispensable service of market research reports in today’s rapidly evolving marketplace. The Antithyroid Agents report, brimming with the latest market insights and analyses, serves as a beacon, bringing clarity to the marketplace. This comprehensive market research study scrutinizes various facets, including market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributor networks. Moreover, the Antithyroid Agents market report casts a spotlight on pivotal market dynamics, the current market landscape, and future prospects within the Antithyroid Agents industry. Crafted through a harmonious blend of industry acumen, innovative solutions, practical expertise, and cutting-edge technology to elevate user experiences.

Key components of the Antithyroid Agents report encompass a thorough examination of market drivers and restraints, an in-depth exploration of key industry players, meticulous market segmentation analysis, and a competitive assessment of prominent market participants. Employing efficient and advanced methodologies, the Antithyroid Agents market research report incorporates essential tools such as SWOT analysis and Porter’s Five Forces Analysis. It delves deep into market scrutiny, aiding in revenue estimation, return on investment (ROI) calculation, and the formulation of effective business strategies. Furthermore, the report delves into the global market share of major competitors, with a geographical focus on regions including Europe, North America, Asia Pacific, and South America, offering a comprehensive perspective in this invaluable market research report.

Data Bridge Market Research analyses a growth rate in the global antithyroid agents market in the forecast period 2022-2029. The expected CAGR of global antithyroid agents market is tend to be around 3.50% in the mentioned forecast period. The market was valued at USD 2.3 billion in 2021, and it would grow upto USD 3.03 billion by 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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The global antithyroid agents market is expected to witness significant growth during the forecast period. Graves’ disease is one of the main causes of hyperthyroidism and the occurrence of Graves’ disease is increasing. It is more prevalent between 30 and 60 years and occurs in women 5–10 times more than men. Medical advancements which involve ongoing drug discovery, and government and non-government organizational initiatives are what that boosts the market growth. COVID-19 also had a major impact on the market growth.

Key Growth Drivers:

  • Increased Incidence of Thyroid Disorders

Thyroid Disorders, mainly hyperthyroidism, affect 200 million people globally; in most countries, half of the population remains undiagnosed. This condition is more prevalent among women and the elderly. As per the statistics by the Thyroid Foundation of Canada in 2015, 1 in every 1700 children in Canada is affected by congenital hypothyroidism. This creates more opportunity in the market.

  • Increased Initiatives by Government and Market Players

The increasing number of efforts and initiatives that are being initiated by the government and major market leaders all over the world are boosting the market growth. Governments in many countries have launched several healthcare schemes, which, a patient can use for the treatment of several disorders. Furthermore, hyperthyroidism is a serious issue, becoming the reason of mortality for people worldwide each year. Thus, these policies drive the market growth

The report outlines the involvement of key players, including:

Teva Pharmaceutical Industries Ltd (Israel), Mylan N.V (U.S.), Johnsons & Johnsons Services Inc (U.S.), F. Hoffman-La Roche Ltd. (Switzerland), Lilly (U.S.), Merck & Co., Inc. (U.S.), Aurobindo Pharma (India), Myers Squibb Company (U.S.), GSK plc (U.K.), Mission Pharmacal Company (U.S.), CASI Pharmaceuticals Inc. (U.S.), ECI Pharmaceuticals (U.S.)

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Key Market Segmentation

Drugs (Sodium Iodide-I-131, Methimazole, Others), Indication (Hyperthyroidism, Thyroid Cancer, Others), End-Users (Hospitals, Homecare, Speciality Centres, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)

The Antithyroid Agents market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

  1. North America: United States, Canada, and Mexico.
  2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
  3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
  4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
  5. South America: Brazil, Argentina, and other countries in South America.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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