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Hypothyroidism Market Report and Forecast 2024-2032

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    Report

  • 180 Pages
  • February 2024
  • Region: Global
  • Expert Market Research
  • ID: 5941059

Hypothyroidism Market Outlook

The hypothyroidism market size was valued at USD 2.1 billion in 2023, driven increasing prevalence of hypothyroidism in the 7 major markets. The market size is anticipated to grow at a CAGR of 4.60% during the forecast period of 2024-2032 to achieve a value of USD 3.3 billion by 2032.

Hypothyroidism: Introduction

Hypothyroidism is a common endocrine disorder where the thyroid gland doesn't produce enough thyroid hormone. It often leads to reduced metabolism, causing symptoms like fatigue, weight gain, cold intolerance, and depression. Women and older adults are more commonly affected. Diagnosis is typically based on blood tests measuring thyroid-stimulating hormone (TSH) and thyroxine (T4) levels. Treatment primarily involves hormone replacement therapy with synthetic thyroxine (levothyroxine), tailored to individual needs, and regular monitoring to ensure proper dosing.

Key Trends in the Hypothyroidism Market

There's a growing awareness and diagnosis of thyroid disorders, including hypothyroidism, partly due to better screening and recognition of symptoms. This trend is increasing the patient pool requiring treatment.

Although levothyroxine remains the standard treatment, there's ongoing research into more effective and personalized treatment options, including the development of therapies that mimic the natural diurnal rhythm of thyroid hormone levels.

There's a trend towards personalized medicine in treating hypothyroidism, with dosages of medications like levothyroxine being tailored based on individual patient needs, considering factors like age, weight, and the presence of other health conditions.

Digital health technologies, including mobile apps and wearable devices, are becoming more integrated into patient care, aiding in better monitoring of symptoms and treatment adherence.

There is an increasing emphasis on patient education, empowering individuals to manage their condition effectively, recognize symptoms, and understand treatment regimens. Regulatory agencies have been focusing on ensuring the quality and efficacy of thyroid hormone replacement therapies, leading to stringent guidelines and monitoring.

The market is expanding in emerging economies due to improving healthcare infrastructure, increasing healthcare spending, and rising awareness about thyroid disorders.

The market is witnessing significant competition, and the availability of generic versions of hormone replacement therapies is influencing market dynamics, often making treatments more accessible and affordable.

Hypothyroidism Market Segmentation

Market Breakup by Drug Class

  • Levothyroxine
  • Liothyronine

Market Breakup by Route of Administration

  • Oral
  • Parenteral
  • Others

Market Breakup by Distribution Channel

  • Wholesale Distribution
  • Retail Stores
  • Online Pharmacy

Market Breakup by Region

  • United States
  • EU-4 and the United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Japan

Hypothyroidism Market Overview

In North America, the prevalence of hypothyroidism is notably high, primarily driven by lifestyle factors, dietary patterns, and a higher screening rate compared to other regions. The United States sees a significant portion of this market due to increased awareness, well-established healthcare infrastructure, and a focus on early diagnosis and treatment. Canada follows a similar trend, with both countries showing a robust adoption of advanced treatment options and a growing emphasis on personalized medicine. Public health initiatives promoting thyroid health and regular check-ups contribute to the market dynamics in this region.

Europe exhibits a strong focus on hypothyroidism management, with countries like the United Kingdom, Germany, and France leading in terms of patient awareness and healthcare provision. The region benefits from widespread healthcare access, high-quality medical facilities, and comprehensive insurance coverage, supporting timely diagnosis and treatment. European markets are also characterized by active engagement in research and development activities, leading to innovative treatment approaches and thyroid hormone replacement therapies. Additionally, the aging population in Europe contributes to the demand for hypothyroidism management solutions.

Japan represents a unique market for hypothyroidism treatment, characterized by a high degree of healthcare sophistication and a rapidly aging population. The country exhibits a strong propensity for early screening and diagnosis, coupled with a preference for cutting-edge treatment options. Japanese healthcare providers emphasize meticulous patient monitoring and follow-up, ensuring optimal treatment outcomes. The market is further supported by government initiatives focusing on thyroid disorders and public awareness programs, which help in early detection and management of hypothyroidism.

Hypothyroidism Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
  • AbbVie Inc.
  • Merck & Co.
  • Lannett Company, Inc.
  • Allergan plc
  • Mylan N.V.
  • GlaxoSmithKline plc
  • Novartis AG
  • RLC LABS
  • Abbott Laboratories
  • Viatris
  • Elexis
  • IBSA Pharma
  • Amgen
  • Fresenius SE and Co.


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Hypothyroidism Overview
3.1 Guidelines and Stages
3.2 Pathophysiology
3.3 Screening and Diagnosis
3.4 Treatment Pathway
4 Patient Profile
4.1 Patient Profile Overview
4.2 Patient Psychology and Emotional Impact Factors
4.3 Risk Assessment and Treatment Success Rate
5 Hypothyroidism Epidemiology Analysis - 7MM
5.1 7MM Epidemiology Scenario Overview (2017-2032)
5.2 United States Hypothyroidism Epidemiology Forecast (2017-2032)
5.3 EU-4 and United Kingdom Hypothyroidism Epidemiology Forecast (2017-2032)
5.3.1 Germany Hypothyroidism Epidemiology Forecast (2017-2032)
5.3.2 France Hypothyroidism Epidemiology Forecast (2017-2032)
5.3.3 Italy Hypothyroidism Epidemiology Forecast (2017-2032)
5.3.4 Spain Hypothyroidism Epidemiology Forecast (2017-2032)
5.3.5 United Kingdom Hypothyroidism Epidemiology Forecast (2017-2032)
5.4 Japan Hypothyroidism Epidemiology Forecast (2017-2032)
6 Hypothyroidism Market Overview - 7MM
6.1 Hypothyroidism Market Historical Value (2017-2023)
6.2 Hypothyroidism Market Forecast Value (2024-2032)
7 Hypothyroidism Market Landscape - 7MM
7.1 Hypothyroidism: Developers Landscape
7.1.1 Analysis by Year of Establishment
7.1.2 Analysis by Company Size
7.1.3 Analysis by Region
7.2 Hypothyroidism Product Landscape
7.2.1 Analysis by Drug
7.2.2 Analysis by Route of Administration
8 Hypothyroidism Challenges and Unmet Needs
8.1 Treatment Pathway Challenges
8.2 Compliance and Drop-Out Analysis
8.3 Awareness and Prevention Gaps
9 Cost of Treatment
10 Hypothyroidism Market Dynamics
10.1 Market Drivers and Constraints
10.2 SWOT Analysis
10.3 Porter’s Five Forces Model
10.4 Key Demand Indicators
10.5 Key Price Indicators
10.6 Industry Events, Initiatives, and Trends
10.7 Value Chain Analysis
11 Hypothyroidism Market Segmentation - 7MM
11.1 Hypothyroidism Market by Drug
11.1.1 Market Overview
11.1.2 Levothyroxine
11.1.3 Liothyronine
11.2 Hypothyroidism Market by Route of Administration
11.2.1 Market Overview
11.2.2 Oral
11.2.3 Parenteral
11.2.4 Others
11.3 Hypothyroidism Market by Distribution Channel
11.3.1 Market Overview
11.3.2 Wholesale Distribution
11.3.3 Retail Stores
11.3.4 Online Pharmacy
11.4 Hypothyroidism Market by Region
11.4.1 Market Overview
11.4.2 United States
11.4.3 EU-4 and the United Kingdom
1.1.1.1 Germany
1.1.1.2 France
1.1.1.3 Italy
1.1.1.4 Spain
1.1.1.5 United Kingdom
11.4.4 Japan
12 United States Hypothyroidism Market
12.1 Hypothyroidism Market Historical Value (2017-2023)
12.2 Hypothyroidism Market Forecast Value (2024-2032)
12.3 Hypothyroidism Market by Disease Type
12.4 Hypothyroidism Market by Treatment Type
13 EU-4 and United Kingdom Hypothyroidism Market
13.1 Hypothyroidism Market Historical Value (2017-2023)
13.2 Hypothyroidism Market Forecast Value (2024-2032)
13.3 Germany Hypothyroidism Market Overview
13.3.1 Hypothyroidism Market by Disease Type
13.3.2 Hypothyroidism Market by Treatment Type
13.4 France Hypothyroidism Market Overview
13.4.1 Hypothyroidism Market by Disease Type
13.4.2 Hypothyroidism Market by Treatment Type
13.5 Italy Hypothyroidism Market Overview
13.5.1 Hypothyroidism Market by Disease Type
13.5.2 Hypothyroidism Market by Treatment Type
13.6 Spain Hypothyroidism Market Overview
13.6.1 Hypothyroidism Market by Disease Type
13.6.2 Hypothyroidism Market by Treatment Type
13.7 United Kingdom Hypothyroidism Market Overview
13.7.1 Hypothyroidism Market by Disease Type
13.7.2 Hypothyroidism Market by Treatment Type
14 Japan Hypothyroidism Market
14.1 Hypothyroidism Market Historical Value (2017-2023)
14.2 Hypothyroidism Market Forecast Value (2024-2032)
14.3 Hypothyroidism Market by Disease Type
14.4 Hypothyroidism Market by Treatment Type
15 Patent Analysis
15.1 Analysis by Type of Patent
15.2 Analysis by Publication year
15.3 Analysis by Issuing Authority
15.4 Analysis by Patent Age
15.5 Analysis by CPC Analysis
15.6 Analysis by Patent Valuation
15.7 Analysis by Key Players
16 Grants Analysis
16.1 Analysis by year
16.2 Analysis by Amount Awarded
16.3 Analysis by Issuing Authority
16.4 Analysis by Grant Application
16.5 Analysis by Funding Institute
16.6 Analysis by NIH Departments
16.7 Analysis by Recipient Organization
17 Clinical Trials Analysis
17.1 Analysis by Trial Registration Year
17.2 Analysis by Trial Status
17.3 Analysis by Trial Phase
17.4 Analysis by Therapeutic Area
17.5 Analysis by Geography
18 Funding Analysis
18.1 Analysis by Funding Instances
18.2 Analysis by Type of Funding
18.3 Analysis by Funding Amount
18.4 Analysis by Leading Players
18.5 Analysis by Leading Investors
18.6 Analysis by Geography
19 Partnership and Collaborations Analysis
19.1 Analysis by Partnership Instances
19.2 Analysis by Type of Partnership
19.3 Analysis by Leading Players
19.4 Analysis by Geography
20 Supplier Landscape
20.1 AbbVie Inc.
20.1.1 Financial Analysis
20.1.2 Product Portfolio
20.1.3 Demographic Reach and Achievements
20.1.4 Mergers and Acquisition
20.1.5 Certifications
20.2 Merck & Co.
20.2.1 Financial Analysis
20.2.2 Product Portfolio
20.2.3 Demographic Reach and Achievements
20.2.4 Mergers and Acquisition
20.2.5 Certifications
20.3 Lannett Company, Inc.
20.3.1 Financial Analysis
20.3.2 Product Portfolio
20.3.3 Demographic Reach and Achievements
20.3.4 Mergers and Acquisition
20.3.5 Certifications
20.4 Allergan plc
20.4.1 Financial Analysis
20.4.2 Product Portfolio
20.4.3 Demographic Reach and Achievements
20.4.4 Mergers and Acquisition
20.4.5 Certifications
20.5 Mylan N.V.
20.5.1 Financial Analysis
20.5.2 Product Portfolio
20.5.3 Demographic Reach and Achievements
20.5.4 Mergers and Acquisition
20.5.5 Certifications
20.6 GlaxoSmithKline plc
20.6.1 Financial Analysis
20.6.2 Product Portfolio
20.6.3 Demographic Reach and Achievements
20.6.4 Mergers and Acquisition
20.6.5 Certifications
20.7 Novartis AG
20.7.1 Financial Analysis
20.7.2 Product Portfolio
20.7.3 Demographic Reach and Achievements
20.7.4 Mergers and Acquisition
20.7.5 Certifications
20.8 RLC LABS
20.8.1 Financial Analysis
20.8.2 Product Portfolio
20.8.3 Demographic Reach and Achievements
20.8.4 Mergers and Acquisition
20.8.5 Certifications
20.9 Abbott Laboratories
20.9.1 Financial Analysis
20.9.2 Product Portfolio
20.9.3 Demographic Reach and Achievements
20.9.4 Mergers and Acquisition
20.9.5 Certifications
20.10 Viatris
20.10.1 Financial Analysis
20.10.2 Product Portfolio
20.10.3 Demographic Reach and Achievements
20.10.4 Mergers and Acquisition
20.10.5 Certifications
20.11 Elexis
20.11.1 Financial Analysis
20.11.2 Product Portfolio
20.11.3 Demographic Reach and Achievements
20.11.4 Mergers and Acquisition
20.11.5 Certifications
20.12 IBSA Pharma
20.12.1 Financial Analysis
20.12.2 Product Portfolio
20.12.3 Demographic Reach and Achievements
20.12.4 Mergers and Acquisition
20.12.5 Certifications
20.13 Amgen
20.13.1 Financial Analysis
20.13.2 Product Portfolio
20.13.3 Demographic Reach and Achievements
20.13.4 Mergers and Acquisition
20.13.5 Certifications
20.14 Fresenius SE and Co.
20.14.1 Financial Analysis
20.14.2 Product Portfolio
20.14.3 Demographic Reach and Achievements
20.14.4 Mergers and Acquisition
20.14.5 Certifications
21 Hypothyroidism Market - Distribution Model (Additional Insight)
21.1 Overview
21.2 Potential Distributors
21.3 Key Parameters for Distribution Partner Assessment
22 Key Opinion Leaders (KOL) Insights (Additional Insight)
23 Company Competitiveness Analysis (Additional Insight)
23.1 Very Small Companies
23.2 Small Companies
23.3 Mid-Sized Companies
23.4 Large Companies
23.5 Very Large Companies
24 Payment Methods (Additional Insight)
24.1 Government Funded
24.2 Private Insurance
24.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.

Companies Mentioned

  • AbbVie Inc.
  • Merck & Co.
  • Lannett Company Inc.
  • Allergan plc
  • Mylan N.V.
  • GlaxoSmithKline plc
  • Novartis AG
  • RLC LABS
  • Abbott Laboratories
  • Viatris
  • Elexis
  • IBSA Pharma
  • Amgen
  • Fresenius SE and Co.

Methodology

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Table Information