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Thyroid Eye Disease Market projecting a CAGR of 8.53% during the forecast period, 2020-2026

According to BlueWeave Consulting, the global Thyroid Eye Disease market has reached USD 182 Million in 2019 and estimated to reach USD 318 Million in 2026 and anticipated to grow by CAGR … Read More ...

According to BlueWeave Consulting, the global Thyroid Eye Disease market has reached USD 182 Million in 2019 and estimated to reach USD 318 Million in 2026 and anticipated to grow by CAGR of 8.53% during the forecast period 2020- 2026. The global market for thyroid eye disease has grown significantly due to various factors resulting in an increased prevalence of thyroid disorder, which explains the higher pool of patients with thyroid eye disease or Graves ‘ disease.

Thyroid eye disease, commonly referred to as Graves ‘ disease, is an immune system disorder that contributes to hyperthyroidism. It’s a problem that causes the thyroid gland to overproduce thyroid hormones. Thyroid eye disease is a type of muscle inflammation of the skin behind the eyes, eyelids, tear glands, and fatty tissues. The major drivers of the thyroid eye disease market are increased numbers of patients with thyroid disorders, favorable reimbursement policies for the treatment, and increased awareness of the complications associated with thyroid disorders. Increasing iodine disorder and screening of thyroid tumors is one of the leading factors that fuel market growth.

Thyroid Eye Disease: Competitive Landscape

Thyroid Eye Disease market is fragmented owing to the presence of number of large-sized companies that hold the majority share of Thyroid Eye Disease market are AbbVie Inc., Abbott Laboratories Inc., Allergan Plc, Apitope Technology Ltd., AstraZeneca Plc, Bristol-Myers Squibb Company, Eli Lilly And Company, Epivax Inc., GlaxoSmithKline Plc, Johnson & Johnson, Macleods Pharmaceuticals Ltd., Merck & Co. Inc., Mylan N.V, Novartis International Ag, Pfizer Inc., and Other Prominent Players.

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Technological advancement is one of the key factors for driving global thyroid eye disease market in upcoming years  

There have been significant technological improvements in the system and in the development of new technologies that have allowed ultrasound to be more widely adopted globally for soft tissue diagnosis. The design of technical equipment requires a reduction in machine size, less heat generation, and greater energy efficiency. All these hardware upgrades, together with significant improvements in image quality, help to diagnose thyroid-eye disease effectively.

Besides, market players are launching new advanced point-of-care ultrasound products to position the market. For example, in March 2018, in collaboration with Innovative Imaging Technologies (IIT), Royal Philips unveiled an integrated tele-ultrasound solution based on Philips ‘ Lumify portable ultrasound system using the collaborative framework of IIT’s Reactions. This innovation allows for real-time communication between clinicians around the globe using a tele-ultrasound solution. This breakthrough in POC technology is expected to drive demand for POC ultrasound devices, which in turn drives the thyroid eye disease industry.

Anti-thyroid medicine is expected to hold the largest share amidst the treatment sector

Thyroid-eye disease diagnosis involves two phases. The first diagnostic phase includes treating severe eye disease, which lasts 2-3 years. Diagnosis of thyroid eye disorders in the active phase focuses on the preservation of the sight and integrity of the cornea and the fight against the double vision. Due to its property of being the least non-invasive drug, anti-thyroid medicine is expected to hold the largest share among the treatment. That slows down thyroid function and hinders the production of thyroid hormones. Propylthiouracil (PTU) and methimazole (MMI) are the most widely used treatment option for this disease and are affordable, without side effects.

Asia Pacific expected to witness significant growth in the market in the upcoming years

North America dominates the market with its advanced technology capability, which provides different treatment options and high health care spending. Following North America, the geographic segment of Asia-Pacific is projected to see significant growth in the coming years due to increased investment in health care, increased awareness of hyperthyroidism, and various treatment options.

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Scope of the Reports

By Diagnosis

  • Ultrasound
  • Imaging Tests
  • Radioactive Iodine Uptake
  • Blood Sample

By Treatment

  • Anti- Thyroid Medication
  • Radioactive Iodine Therapy
  • Surgery

By Region: 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Business Questions Answer by the Report

How will the market drivers, restraints, and opportunities affect the market dynamics?

What will be the market size in terms of value and volume and market statistics with a detailed classification?

Which segment dominates the market or region, and one will be the fastest-growing, and why?

A comprehensive survey of the competitive landscape and the market participant players

Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

With five additional company detail analysis

Additional country analysis

Detailed segment analysisTop of Form

Enquire before [email protected]

https://www.blueweaveconsulting.com/thyroid-eye-disease-market-bwc19439/enquire-before-purchase

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

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About the author

Sharan Stone

Sharan Stone

Sharan comes to Market Research Tab with more than 7 years of experience as an editor. Sharan has his fingers firmly placed on the pulse of the business world and he covers retail, construction, and other industries as an editor for Market Research Tab. Email: [email protected]

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