Global Graves Disease Treatment Market­ Booming Worldwide to Show Significant Growth by 2026| Pfizer Inc, AbbVie Inc, Mylan N.V, Apitope, Merck KGaA, Amgen Inc, , Horizon Therapeutics plc, Medtronic

(CDN Newswire via Comtex)

Graves disease treatment market­ is expected to grow at a steady CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the rise in number of patients with thyroid disorders, favorable reimbursement policies for treatment and increase in awareness about the complications associated with thyroid disorders and rising investment in the research & development of treatments for Hashimoto's thyroiditis is expected to drive the market.

This market analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimate forecast frame. Global Graves disease treatment market research report puts light on the types of customers, product-buyer insights, and market changes over last few years, reactions of various geographic regions, new developments in the market, actions of other corporate players and more. All the statistics are signified in graphical and tabular format for a clear understanding on facts and figures. The report suggests that by accomplishing an inspiration from the marketing strategies of rivals, businesses can set up inventive ideas and striking sales targets which in turn make them achieve competitive advantage over its competitors.

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Key Market Players:

The key market players in the global Graves disease treatment market­ are Abbott, GlaxoSmithKline plc, ALLERGAN, Novartis AG, Merck & Co., Inc, Sanofi, Pfizer Inc, AbbVie Inc, Mylan N.V, Apitope, Merck KGaA, Amgen Inc, , Horizon Therapeutics plc, Medtronic, Immunovant, Inc, among others

Market Drivers

High prevalence of autoimmune diseases such as Grave's disease and Hashimoto's thyroiditis is driving the market growth

Various national health programs related to thyroid disease that raise awareness regarding such diseases further boosts the growth of this market

Favorable reimbursement policies for the treatment

Increasing iodine disorder and thyroid tumors screening is also fueling the market growth

Market Restraints

High costs associated with the treatment and the usage of alternative medicines for the treatment of thyroid disorders is hindering the market growth

Side-effects associated with the current medication also restricts the market growth

Stringent government regulations is hampering the market growth

Key Developments in the Market

In June 2019, Horizon Therapeutics plc is developing teprotumumab, a complex protein that works by inhibiting the insulin-like growth factor I receptor (IGF-1R) for the treatment of Graves disease, currently ongoing in phase lll of OPTIC l trial. With this development the company provides better solution for the treatment of graves disease

In June 2019, Apitope is developing a novel drug ATX-GD-59, a peptide mixture of two different, highly soluble apitopes derived from TSH-receptor for the treatment of Graves disease currently ongoing in phase l clinical trial. If approved it will become the first innovative treatment in more than 60 years and will provide potential treatment to target the immunological basis of Graves' disease

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Segmentation: Global Graves Disease Treatment Market­

By Mechanism of Action Type

Anti-thyroid Agents

Beta Blockers

Corticosteroids

Others

By Drugs

Propylthiouracil

Methimazole

Propranolol

Prednisone

Others

By Diagnosis

Physical Exam

Blood Test

Radioactive Iodine Uptake Test

Ultrasound

Imaging Tests

By Treatment

Medication

Radioactive Iodine Therapy

Surgery

Others

By Route of Administration

Oral

Intravenous

Others

By Distribution Channel

Hospital Pharmacy

Retail Pharmacy

Online Pharmacy

By End-Users

Hospitals

Homecare

Specialty Clinics

Others

By Geography

North America

Europe

Asia-Pacific

South America

Middle East & Africa

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