866-997-4948(US-Canada Toll Free)

Hypothyroidism Disorder Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Published By :

Transparency Market Research

Category :

Healthcare IT

Hypothyroidism disorder, also known as underactive thyroid disease, is a common disorder caused by a lack of or inefficient secretion of the thyroid hormone by the thyroid gland. It results in inadequate levels of the hormone in the body. The thyroid gland is located at the front lower part of the neck. The thyroid hormone secreted by the gland affects every part of the body including muscles, skin, heart, and brain. As per a report published by the American Association of Clinical Endocrinologists (AACE), out of 27 million people suffering from thyroid disorders, most suffer from hypothyroidism, while autoimmune thyroiditis is the most common cause. Other causes that might lead to hypothyroidism disorder include too much or too little iodine intake, surgery of thyroid gland, damage to the pituitary gland, rare disorders that infiltrate the thyroid, radiation treatment, congenital hypothyroidism, and thyroiditis medicines. In early stages, hypothyroidism disorder may reflect few symptoms. However, with time the symptoms may increase as thyroid hormone secretion decreases significantly and the body’s metabolism slows down. Common symptoms of hypothyroidism disorder include difficulty with learning; dry, itchy skin; dry, brittle hair and nails; constipation; drowsiness; heavy and/or irregular menstrual flow; increased sensitivity to many medications; increased frequency of miscarriages; forgetfulness; pervasive fatigue; puffy face; sore muscles; weight gain; and fluid retention.

There is no cure for hypothyroidism disorder, but it can be easily controlled by hormone replacement therapy, which brings the thyroid hormone level back to normal. The therapy has been used for more than a century for treating hypothyroidism disorder. The first synthetic molecule used for treatment of hypothyroidism disorder was L-Thyroxine (T4). Before the discovery of this molecule, desiccated thyroid extracted from animals was the only available treatment for hypothyroidism disorder. Levothyroxine sodium tablets were first approved as a novel drug in 1997 by the U.S. FDA, but was an unapproved marketed drug till August 2000. Synthetic T4  hormone contains thyroxine that is produced by a normal thyroid hormone. Currently, six brands of synthetic T4 have been approved by the FDA for standard treatment of hypothyroidism disorder including, Levo-T, Levothyroxine Sodium, Levoxyl, Novothyrox, Synthroid, and Unithroid.Moreover, use of T3 drug Cytomel has proved to be beneficial for patients who face difficulty with use of synthetic T4  pills. All hypothyroid patients are generally treated as outpatients, except for those suffering from myxedema.

Lack of awareness or inaccurate diagnosis leads to failure of timely treatment and management of hypothyroidism, which is a major restraint for the hypothyroidism disorder treatment market. For instance, according to the National Health and Nutrition Examination Survey (NHANES ) in2016, out of 17,353 patients, about 9.2% had clinically significant thyroid disorder based on chemical test criteria. According to the American Thyroid Association annual report in 2015, it was estimated that approximately 20  million Americans had a thyroid disorder, and about 60% of them were unaware of their clinical condition due to the non-specific nature of symptoms. Patients also had  a tendency to downplay the symptoms. Pharmaceutical companies, however, are dedicated to research and development of novel diagnosis and drugs that prove beneficial for hypothyroid disorder management. Thus, approval of many novel drugs for hypothyroidism disorder in the near future is expected to propel the hypothyroidism disorder treatment market during the forecast period.

The hypothyroidism disorder treatment market can be segmented based on drug type, distribution channel, and region. Based on drug type, the hypothyroidism disorder treatment market can be categorized into synthetic levothyroxine (L-T4) and L-triiodothyronine (T-3). In terms of distribution channel, the hypothyroidism disorder treatment market can be split into drug stores, hospital pharmacy, online pharmacy, retail pharmacy, and others.. Based on region, the hypothyroidism disorder treatment market can be classified into Asia Pacific, Europe, Middle East & Africa, North America,  and Latin America. Key players in the hypothyroidism disorder treatment market are Abbott Laboratories (AbbVie), Alara Pharm, Manus Aktteva Biopharma LLP, MOVA Pharmaceutical, Pfizer Inc, Merck KGaA, and other prominent players.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Please fill the Request TOC form below.

  • Full Name *
  • Your Email *
  • Job Title
  • Company
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title
  • Company
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *