The global market for Hashimoto’s thyroiditis therapeutics is expected to be worth $7.4 billion in 2022 and $11.3 billion in 2032. In the forecast period of 2022 to 2032, it is expected to grow steadily at a CAGR of 5.8%. The growing awareness of the importance of early diagnosis and treatment of thyroid disorders is expected to increase demand for Hashimoto’s thyroiditis therapeutics.
According to the American Thyroid Association, approximately 20 million Americans have thyroid disease, and more than 12% of the US population will develop a thyroid disorder during their lifetime. This trend is expected to continue throughout the forecast period, pushing the North American market forward.
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Crucial information and forecast statistics covered in the Hashimoto’s Thyroiditis Therapeutics market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Hashimoto’s Thyroiditis Therapeutics Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Hashimoto’s Thyroiditis Therapeutics market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Hashimoto’s Thyroiditis Therapeutics market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Hashimoto’s Thyroiditis Therapeutics market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Hashimoto’s Thyroiditis Therapeutics Market: Segmentation
Valuable information covered in the FMI’s Hashimoto’s Thyroiditis Therapeutics market report has been segregated into key segments and sub-segments.
By Dosage Form:
- Oral Powders
- Capsule
- Intravenous Injection
- Oral Solution
- Tablet
By Route of Administration:
- Intravenous
- Oral
By Product Type:
- Synthetic Thyroid
- Desiccated Animal Thyroid
By Distribution Channel:
- Drug Stores
- Hospital Pharmacies
- Mail Order Pharmacies
- Retail Pharmacies
Hashimoto’s Thyroiditis Therapeutics Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Hashimoto’s Thyroiditis Therapeutics market. Competitive information detailed in the Hashimoto’s Thyroiditis Therapeutics market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Hashimoto’s Thyroiditis Therapeutics market report.
Key players covered in the report include:
- Pfizer, Inc.
- LGM Pharma
- Jerome Stevens Pharmaceuticals, Inc.
- Merck KGaA
- Shenzhen Zhonglian Pharmaceutical
- Taj Group
- Berlin-Chemie
- Sandoz
- Sichuan Hairong Pharmaceutical
- Manus Aktteva
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Important Questions Answered in the Hashimoto’s Thyroiditis Therapeutics Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Hashimoto’s Thyroiditis Therapeutics market been expanding during the forecast period?
- How will the global Hashimoto’s Thyroiditis Therapeutics market look like by the end of the forecast period?
- What innovative strategies are adopted by Hashimoto’s Thyroiditis Therapeutics market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Hashimoto’s Thyroiditis Therapeutics market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Hashimoto’s Thyroiditis Therapeutics market
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