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Report Overview

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.

2024

Base Year

2018-2024

Historical Year

2025-2034

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 Gland Disorder Treatment Market Overview

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.

Thyroid Gland Disorder Treatment Market Growth Drivers

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.

Thyroid Gland Disorder Treatment Market Trends

Thyroid Gland Disorder Treatment Market Segmentation

The report offers a detailed analysis of the market based on the following segments:

Market Breakup by Drug Class

  • Levothyroxine
  • Liothyronine
  • Propylthiouracil
  • Imidazole-based compounds
  • Beta-blockers
  • Others

Market Breakup by Disease

  • Hypothyroidism
  • Hyperthyroidism

Market Breakup by Route of Administration

  • Oral
  • Intravenous
  • Others

Market Breakup by Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Market Breakup by Region

  • United States
  • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
  • Japan
  • India

Thyroid Gland Disorder Treatment Market Share

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.

Thyroid Gland Disorder Treatment Market Analysis by Region

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.

Leading Players in the Thyroid Gland Disorder Treatment Market

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

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.

Pfizer Inc.

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.

Novartis AG

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.

Key Questions Answered in the Global Thyroid Gland Disorder Treatment Market

  • What was the global thyroid gland disorder treatment market value in 2024?
  • What is the global thyroid gland disorder treatment market forecast outlook for 2025-2034?
  • What are the regional markets covered in the EMR report?
  • What is the market segmentation based on the drug class?
  • What is the market breakup based on the disease?
  • What is the market segmentation based on the route of administration?
  • What is the market breakup based on the distribution channel?
  • What are the major factors aiding the thyroid gland disorder treatment market demand?
  • What are the market's major drivers, opportunities, and restraints?
  • Which regional market is expected to lead the market share in the forecast period?
  • Which country is expected to experience expedited growth during the forecast period?
  • What are the major thyroid gland disorder treatment market trends?
  • How does the rise in the geriatric population impact the market size?
  • Who are the key players involved in the thyroid gland disorder treatment market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?
  • Which drug class is most commonly used for treating hypothyroidism and hyperthyroidism?
  • What factors are contributing to the increasing prevalence of hypothyroidism?
  • Why is oral administration the preferred route for thyroid hormone replacement therapy?

*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 Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Drug Class
  • Disease
  • Route of Administration
  • Distribution Channel
  • Region
Breakup by Drug Class
  • Levothyroxine
  • Liothyronine
  • Propylthiouracil
  • Imidazole-based compounds
  • Beta-blockers
  • Others
Breakup by Disease
  • Hypothyroidism
  • Hyperthyroidism
Breakup by Route of Administration
  • Oral
  • Intravenous
  • Others
Breakup by Distribution Channel
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others
Breakup by Region
  • United States
  • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
  • Japan
  • India
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Abbott Laboratories
  • Abbvie Inc.
  • Aspen Holdings
  • Glenmark Pharmaceuticals Ltd.
  • Merck & Co., Inc.
  • Lannett Company, Inc.
  • Mylan N.V.
  • Pfizer Inc.
  • Novartis AG

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