Global injectable thyroid drug market is anticipated to grow at a CAGR of 5.9% during the forecast period (2024-2031). Thyroid disease tests and diagnoses are expected to rise in tandem with growing public awareness of thyroid treatment options. This growing number of thyroid prevalence offers businesses the chance to spend money on R&D to create new, more potent thyroid medications that meet patients’ changing demands. The development of educational materials and resources by pharmaceutical companies, healthcare professionals, and patient advocacy groups is expected to result in an increase in the awareness of thyroid diagnosis.
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Furthermore, the variety of illnesses that can be treated with injectable medications has expanded due to advancements in drug delivery technologies and formulations. It is anticipated to result in the creation of novel therapies for a range of illnesses. When compared to oral drugs, injectable treatments have advantages such as increased bioavailability, accurate dosage, and fewer dosing intervals. Innovative injectable thyroid drugs are expected to enhance patient outcomes by targeting certain requirements including accurate dosage and increased therapeutic efficacy. The industry has benefited from the increasing use of injectable medications since they have spurred innovation and addressed therapeutic demands in the treatment of thyroid problems.
For instance, in November 2022, Zydus Lifesciences, headquartered in India, received approval from the United States Food and Drug Administration (USFDA) to market levothyroxine sodium injection. It will be used to treat thyroid hormone deficiency.
Global Injectable Thyroid Drug Market Report by Segment
By Molecules
- Levothyroxine Sodium
- Liothyronine Sodium
- Recombinant Human TSH
By Indication
- Hypothyroidism
- Hyperthyroidism
- Thyroid Cancer
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Company Profiles
- Abbott Laboratories
- App Pharmaceuticals
- AstraZeneca Plc
- Baxter Inc.
- Bayer AG
- Bristol-Myers Squibb Company
- Celgene Corp.
- DMS Pharma
- Eisai Co., Ltd.
- GlaxoSmithKline plc
- Jerome Stevens Pharmaceuticals Inc.
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