Hashimoto’s thyroiditis one of the most prevalent and common autoimmune disease. The individual suffering from Hashimoto’s thyroiditis has his/her own immune system attack the thyroid gland leading to chronic destruction of the thyroid gland. This causes inflammation and reduces the secretion of thyroid hormones. Insufficient thyroid hormones result in hypothyroidism. Hashimoto’s thyroiditis therapeutics are suitable for patients with elevated TSH and low thyroid hormone levels. Moreover, individuals unable to secret adequate thyroid hormones are also recommended Hashimoto’s thyroiditis therapeutics.
Destruction of the thyroid gland can also take place due to incorrect surgery or radiation treatment or by a non-functioning pituitary gland. Women and older people are 2-10 times more susceptible to develop thyroid conditions as compared to men. Thyroid replacement hormone therapy is the most acclaimed Hashimoto’s thyroiditis therapeutics treatment, and levothyroxine (thyroxine/T4) is most demanded in the Hashimoto’s thyroiditis therapeutics market. Levothyroxine restores the normal thyroid hormone levels and is very effective used as Hashimoto’s thyroiditis therapeutics. The patients suffering from Hashimoto’s thyroiditis require a lifelong intake of Hashimoto’s thyroiditis therapeutics. The Hashimoto’s thyroiditis therapeutics cause no side-effects of taken in the amount prescribed.
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Hashimoto’s thyroiditis therapeutics Market: Drivers and Restraints
According to the U.S. Department of Health and Human Services, about 1.2% population of the U.S. suffer hypothyroidism each year. The Hashimoto’s thyroiditis therapeutic, Levothyroxine remains the standard choice of treatment for Hashimoto’s thyroiditis since years. The Hashimoto’s thyroiditis therapeutics market is driven by the growing incidence of Hashimoto thyroiditis. Greater shelf-life, inexpensive nature and greater availability of the Hashimoto’s thyroiditis therapeutics are anticipated to account for the upsurge in the global Hashimoto’s thyroiditis therapeutics market over the forecast period. The increasing progress in research and development and improvement in patient outcomes is expected to create further opportunities in the Hashimoto’s thyroiditis therapeutics market over the forecast period.
Hashimoto’s thyroiditis therapeutics Market: Overview
According to the data report in the Journal of Clinical Endocrinology and Metabolism by Endocrine Society, 5% of United Kingdom population suffer from hypothyroidism and about 20% of them had already adopted the use of Hashimoto’s thyroiditis therapeutics in 2006. The global Hashimoto’s thyroiditis therapeutics market is expected to witness significant growth over the forecast period owing to the increasing adoption of the products by the distribution channels. On the basis of the dosage form, tablet and capsules are expected to account major share in the terms of revenue in Hashimoto’s thyroiditis therapeutics market over the forecast period owing to the easier ingestion and availability. On the basis of product type, the global Hashimoto’s thyroiditis therapeutics is segmented into desiccated animal thyroid and synthetic thyroid. Desiccated animal thyroid is anticipated to generate least market share as it is rarely prescribed nowadays and is estimated to further be seldom be used till 2028.
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Hashimoto’s thyroiditis therapeutics Market: Regional Wise Outlook
Geographically, global Hashimoto’s thyroiditis therapeutics market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). North America is expected to contribute the maximum share in the global Hashimoto’s thyroiditis therapeutics market owing to the high prevalence of Hashimoto’s thyroiditis in the region than rest of the regions. Higher expenditure of healthcare and the presence of manufacturers further contribute to the domination of Hashimoto’s thyroiditis therapeutics market globally by North America. Europe Hashimoto’s thyroiditis therapeutics market is projected to account for second largest revenue share in the Hashimoto’s thyroiditis therapeutics market due to increasing adoption by the distribution channels and higher healthcare spending in the region over the forecast period. MEA and Latin America Hashimoto’s thyroiditis therapeutics market is expected to witness below average growth due to limited players in the region and lower healthcare expenditure.
Hashimoto’s thyroiditis therapeutics Market: Key Players
Some of the major players identified in the global Hashimoto’s thyroiditis therapeutics market are Some of the leading players in the global thyroid gland disorders market are LGM Pharma, Taj Group, Merck KGaA, Sichuan Hairong Pharmaceutical, Jerome Stevens Pharmaceuticals, Inc., Pfizer, Inc., Manus Aktteva, Shenzhen Zhonglian Pharmaceutical, Berlin-Chemie and Sandoz amongst many others.
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