Global Thyroid Cancer Drugs Market

May 2020| VMR2175A| Verified Market Research

Report Highlights

Thyroid Cancer Drugs Market Size And Forecast

According to Verified Market Research, the Global Thyroid Cancer Drugs Market was valued at USD 380 Million in 2018 and is projected to reach USD 1,341.6 Million by 2026, growing at a CAGR of 16.9% from 2019 to 2026.

Global Thyroid Cancer Drugs Market Outlook

The global thyroid cancer drug market is majorly driven by the increasing prevalence rate of neuroendocrine tumors worldwide. The increasing rate of thyroid cancer among women is also likely to drive the market. According to the American Cancer Society, about 52,070 new cases of thyroid cancer will be found in the USA in 2019 and an estimated 2,170 deaths will occur because of the disease. Moreover, the surging demand of treatment and novel therapies and rising awareness about the treatment and technological advancements are further projected to foster the growth of the market. Growing cases of obesity and adopting an unhealthy lifestyle is another factor expected to boost market growth. On the other hand, patent expiry of patented drugs and the introduction of a generic version of branded drugs is the key factor that might hinder the growth of the global market. Furthermore, inadequate awareness regarding thyroid cancer treatment is also restricting market growth. 

Global Thyroid Cancer Drugs Market Competitive Landscape 

The Global Thyroid Cancer Drugs Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as AstraZeneca, Mylan N.V., Eisai Co., Ltd., Bristol-Myers Squibb Company, Abbott, Teva Pharmaceutical Industries Ltd, GlaxoSmithKline plc, Jerome Stevens Pharmaceuticals, Inc, Baxter, Celgene Corporation.

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