Liothyronine Market Continues To Grow Owing To the Increasing Prevalence of Hypothyroidism in the World | LGM Pharma, LLC, HBCChem, Inc.

Market Overview:

Liothyronine has many beneficial effects and is used to treat various medical conditions. It is approved for the treatment of primary, secondary, and tertiary hypothyroidism. Other symptoms of low levels of this thyroid hormone are pale skin and hair, irregular menstrual cycles, drowsiness, and irregular periods. When used in the correct dosage, liothyronine does not cause any adverse effects and can be safely prescribed. The recommended dose for liothyronine is ten milligrams daily. For younger children and the elderly, it is recommended to crush the tablet and dissolve it in 20 ml of water. For patients with hyperthyroidism, it is better to break the tablet into pieces and take the liquid with it. If the patient has diabetes, he or she should consult a doctor before taking the tablets.

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Competitive Landscape:

Major players operating in the global liothyronine market include HBCChem, Suzhou Ryan Pharmaceutical Technology, Meryer Chemical Technology, Waterstone Technology, VWR International, 3B Scientific, J and K SCIENTIFIC, TCI, Toronto Research Chemicals, and Alfa Aesar.

Key Market Drivers:

The increasing incidence of hypothyroidism in the world is expected to drive the growth of the global liothyronine market. For instance, according to Nature, the incidence of hypothyroidism in Europe is around 0.2% and 5.3%. While the safety of liothyronine sodium is not fully known, it should be avoided in pregnant women. However, the risks of pregnancy and fetal harm should be considered. In particular, it is important to note that liothyronine may increase the risk of phenytoin and liothyronine can interfere with neonatal screening programs. Moreover, there is no human research on liothyronine. But there have been some reports of side effects, such as nausea, vomiting, and headaches. In most cases, these are associated with an overdose of the drug or excessive dosage. If the patient can tolerate the drug, the side effects usually disappear with the reduction or withdrawal of the medication. Increasing product launches by key market players are estimated to boost the growth of the global liothyronine market.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, the rapid spread of the virus restrained the growth of the global liothyronine market. Factors such as reduction in demand and decrease in supply also affected the market growth.

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Key Takeaways:

• North America is expected to dominate the growth of the global liothyronine market, owing to the increasing prevalence of hypothyroidism in the region. For instance, according to National Health and Nutrition Examination Survey, around 1 in 300 individuals in the U.S. suffer from hypothyroidism.
• The Asia Pacific is estimated to witness high growth in the global liothyronine market, owing to the increasing incidence of thyroid disorders and hypothyroidism in the region. For instance, according to Down To Earth, around 42 million individuals in India suffer from thyroid, and among all the other disorders hypothyroidism is the most common one.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Liothyronine Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Liothyronine Industry Impact

Chapter 2 Global Liothyronine Competition by Types, Applications, and Top Regions and Countries
2.1 Global Liothyronine (Volume and Value) by Type
2.3 Global Liothyronine (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Liothyronine Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Liothyronine Market Analysis
Chapter 6 East Asia Liothyronine Market Analysis
Chapter 7 Europe Liothyronine Market Analysis
Chapter 8 South Asia Liothyronine Market Analysis
Chapter 9 Southeast Asia Liothyronine Market Analysis
Chapter 10 Middle East Liothyronine Market Analysis
Chapter 11 Africa Liothyronine Market Analysis
Chapter 12 Oceania Liothyronine Market Analysis
Chapter 13 South America Liothyronine Market Analysis
Chapter 14 Company Profiles and Key Figures in Liothyronine Business
Chapter 15 Global Liothyronine Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology