The Iodine Deficiency Drug market research report incorporates a comprehensive conjecture of the worldwide market between the forecasted time of 2019 and 2026. The report is a believable go-to stop for some officials in the healthcare industry. Two of the most broadly utilized strategies to be specific SWOT analysis and Porter’s Five Forces Analysis have been connected in the entire report while setting it up. This report is an extraordinary asset that makes accessible current as well as upcoming specialized and money related subtleties of this market for a specific figure period. To confer a preeminent quality to this report, unswerving endeavors of eager, dynamic and skilled researchers and examiners have been used.
Some of the Leading Players of Iodine Deficiency Drug Market are Sanofi, Johnson & Johnson Services, Novartis, Abbott, Bayer, GSK, Merck, Mylan, Roche, Eli Lilly and Company, Pfizer, and many others.
Global iodine deficiency drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. The emergence of drugs used in treating the risk associated with iodine deficiency disorders and vulnerable iodine deficiency disorder’s population are the key factor for market growth.
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Iodine deficiency disorders are the rare endocrinology disorders in which thyroid gland present in the neck produce insufficient or not capable of producing thyroid hormone due to the deficiency of iodine as it is essential nutrients required for development of thyroid to be functional. Thyroid hormone is responsible for regulating the body’s temperature, metabolism and heart rate. The patients with iodine deficiency experience abnormal brain development, mental retardation psychomotor defects and hearing and speech impairment.
According to the article published in National Health Portal India, It was estimated over 1.5 billion patients diagnosed with iodine deficiency disorder worldwide of which 200 million patients were from India. Growing incident population of iodine deficiency disorders and expeditious innovation of novel dosage forms and new formulations of existing drugs increases the number of patients for treatment of iodine deficiency disorders are the factors for lucrative growth of market.
Global iodine deficiency drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of iodine deficiency drug market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Sanofi, Johnson & Johnson Services, Inc, Biotex Inc, Apitope, Novartis AG, Immunovant, Inc., Abbott, Bayer AG, Ildong Pharmaceutical Co., Ltd, GlaxoSmithKline plc, Merck KGaA, Titan Pharmaceuticals, Inc, Synthonics, Inc, Genexine, Inc, Lupin Pharmaceuticals, Inc, Alvogen AbbVie Inc, King Pharma, Fresenius Kabi USA, Mylan N.V., F. Hoffmann La Roche Ltd, Eli Lilly and Company, Pfizer Inc, Novo Nordisk A/S , AstraZeneca, Astellas Pharma Inc, and many others.
Key Developments in the Market:
In January 2019, Lupin Pharmaceuticals, Inc received the abbreviated new drug application (ANDA) approval from the FDA for levothyroxine sodium tablet for the treatment of hypothyroidism. With this approval of levothyroxine sodium expanded the company’s generic portfolio in therapeutic area of endocrinology.
In July 2018, Merck KGaA received recommendation letter for new formulation of Euthyrox (levothyroxine) for approval in 21 European Union countries from the Federal Institute for Drugs and Medical Devices, a medical devices regulatory body in the Germany. If approved, it will increase the number of patients seeking the treatment of hypothyroidism, Goiter as well as post-treatment of thyroid cancer.
Important Research Objectives
In this section, various Iodine Deficiency Drug industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
- Sales and Revenue Analysis
Both, sales and revenue are studied for the different regions of the Iodine Deficiency Drug Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
- Market Dynamics
The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends in this section.
- Application Usage
The section provides up-to-date information on the customer experience which can help identify the problems as well as detailed errors in the products. Through these findings, you will be able to provide solutions to it
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Key Segmentation of Iodine Deficiency Drug Market
- Iodine supplements
By Route of Administration
By Dosage Form
By Therapy Type
- Thyroid hormone replacement therapy
- Radioactive iodine therapy
By End Users
- Specialty Clinics
- North America
- South America
- Middle East & Africa
Reasons to Purchase this Report
- Current and future of global iodine deficiency drug market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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