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The thyroid gland disorder treatment market was valued at USD 104.40 Billion in 2024 driven by growing investments in the treatment of thyroid disorders across the major markets. It is expected to grow at a CAGR of 17.20% during the forecast period of 2025-2034 and attain a market value of USD 510.48 Billion by 2034.
Base Year
Historical Year
Forecast Year
Increased awareness, advancements in personalized therapies, and the demand for alternative treatments are key factors contributing to the growth of the market.
In May 2023, PT Merck Tbk launched the Thyroid RAISE initiative in collaboration with local medical groups in Indonesia, aiming to improve the screening and diagnosis of thyroid disorders. The focuse on early detection and treatment to enhance patient outcomes is one of the notable market trends.
North America is expected to dominate the market, driven by high incidence rates, advanced healthcare infrastructure, and significant investments in research.
Thyroid disorders occur when the thyroid gland, which regulates metabolism, produces abnormal hormone levels, leading to conditions such as hypothyroidism and hyperthyroidism. Key market drivers include the rising incidence of thyroid disorders, advancements in targeted therapies, and growing awareness. Medications such as Levothyroxine, Liothyronine, and alternative non-hormonal treatments are fueling market expansion, supported by trends in personalized medicine and the development of innovative therapies.
Rising Prevalence of Thyroid Disorders Drives Market Growth
Thyroid cancer is one of the most prevalent thyroid-related disorders, significantly driving the treatment market. According to the American Cancer Society, approximately 44,020 new cases of thyroid cancer (12,500 in men and 31,520 in women) and 2,170 deaths are estimated to occur in the United States in 2024. Thyroid cancer is nearly three times more common in women than in men and is typically diagnosed at a younger age, with an average age of 51. The rising prevalence of thyroid cancer and increased awareness about thyroid disorders are expected to accelerate market growth.
Several trends and developments are being observed in the market to enhance the current situation. Some of the noteworthy trends are as follows:
The report offers a detailed analysis of the market based on the following segments:
Market Breakup by Drug Class
Market Breakup by Disease
Market Breakup by Route of Administration
Market Breakup by Distribution Channel
Market Breakup by Region
Market Segmentation Based on Route of Administration is Likely to Witness Substantial Growth
The market breakup by route of administration includes oral, intravenous, and others based on the route of administration. Among these, the oral administration is poised to dominate the market share owing to its convenience, ease of use, and patient preference. Oral medications, such as Levothyroxine (for hypothyroidism) and Methimazole (for hyperthyroidism) are commonly administered orally, contributing significantly to the growth of this segment. Additionally, oral therapies provide a less invasive and more scalable option for long-term management, ensuring better patient adherence and improved outcomes.
Based on region, the market report covers United States, United Kingdom, Germany, France, Italy, Spain, Japan and India . Among these, the United States is expected to dominate the market share owing to the high incidence of thyroid-related disorders like hyperthyroidism and hypothyroidism, greater accessibility to advanced diagnostic tools and treatment options, and growing healthcare spending. The market also benefits from the presence of favorable reimbursement policies for treatments and significant investments in research. Moreover, the robust healthcare infrastructure and a strong presence of prominent pharmaceutical companies are estimated to hold a high market value.
The key features of the market report include patent analysis, clinical trials analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies are:
Abbott Laboratories was founded in 1888 and has its headquarters in Illinois, USA. The company develops a broad range of medical products, including diagnostic testing for thyroid disorders, like the Abbott ARCHITECT Thyroid Stimulating Hormone (TSH) Assay, that help diagnose and manage thyroid gland disorders.
Founded in 1849 and located in New York City, USA, Pfizer is a global leader in its pharmaceutical sphere. Levoxyl tablets have been developed for oral use to support the management of thyroid disorders, most commonly for the treatment of hypothyroidism.
Founded in 1996 and based in Basel, Switzerland, Novartis AG has essential treatments for thyroid disorders. The company's RLT treatment is radioactive and consists of iodine, which naturally accumulates in the thyroid. These indicate the use of thyroid disease treatment therapies as well as some types of thyroid cancers.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other companies include Aspen Holdings, Glenmark Pharmaceuticals Ltd., Merck & Co., Inc., Lannett Company Inc., Mylan N.V.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Drug Class |
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Breakup by Disease |
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Breakup by Route of Administration |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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