Thyroid Cancer Market

 Market Overview:

The 7 major thyroid cancer markets reached a value of US$ 303.0 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 1,624.3 Million by 2034, exhibiting a growth rate (CAGR) of 16.49% during 2024-2034.

The thyroid cancer market has been comprehensively analyzed in IMARC's new report titled "Thyroid Cancer Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Thyroid cancer is a type of endocrine cancer that affects the thyroid gland, a small butterfly-shaped gland located in the front base of the neck that produces metabolism-regulating hormones. This disease occurs when cells in the thyroid gland grow abnormally and uncontrollably, forming a tumor. The ailment is classified into several types, including papillary, follicular, medullary, and anaplastic. Papillary thyroid cancer is the most general type and tends to grow slowly, while anaplastic thyroid cancer is the rarest and most aggressive form. The common symptoms of thyroid cancer include a lump or swelling in the neck, hoarseness, difficulty speaking, shortness of breath, trouble swallowing, pain in the neck or throat, a persistent cough, swollen lymph nodes in the neck, etc. The diagnosis of the illness is based on a review of the patient's medical history, underlying indications, and a physical exam. The healthcare provider may also perform several diagnostic tests and procedures, such as ultrasound imaging, CT scans, MRI, genetic testing, fine-needle aspiration biopsy, thyroid function blood workups, etc., to confirm the disease.

The increasing cases of inherited genetic syndromes, which lead to DNA mutations, causing cells to grow and multiply abnormally, are primarily driving the thyroid cancer market. In addition to this, the rising prevalence of various associated risk factors, including radiation exposure, consumption of a low-iodine diet, a family history of thyroid disease, obesity, etc., is also bolstering the market growth. Moreover, the inflating utilization of radioactive iodine therapy, which shrinks and disrupts the diseased thyroid gland, is further creating a positive outlook for the market. Apart from this, the widespread adoption of thyroidectomy followed by hormone replacement therapy for treating the condition on account of their numerous advantages, such as inhibition of tumor growth, reduced risk of refractory cancer, and maintenance of normal metabolism, is also augmenting the market growth. Additionally, several technological advancements in the field of radiation therapy, including the launch of stereotactic body radiotherapy (SBRT) and intensity-modulated radiation therapy (IMRT), are enhancing treatment outcomes in patients while minimizing toxic effects. This, in turn, is further expected to drive the thyroid cancer market during the forecast period.

IMARC Group's new report provides an exhaustive analysis of the thyroid cancer market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for thyroid cancer and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the thyroid cancer market in any manner.

Time Period of the Study

• Base Year: 2023
• Historical Period: 2018-2023
• Market Forecast: 2024-2034
   

Countries Covered

• United States
• Germany
• France
• United Kingdom
• Italy
• Spain
• Japan
   

Analysis Covered Across Each Country

• Historical, current, and future epidemiology scenario
• Historical, current, and future performance of the thyroid cancer market
• Historical, current, and future performance of various therapeutic categories in the market
• Sales of various drugs across the thyroid cancer market
• Reimbursement scenario in the market
• In-market and pipeline drugs

Competitive Landscape:

This report also provides a detailed analysis of the current thyroid cancer marketed drugs and late-stage pipeline drugs.

In-Market Drugs

• Drug Overview
• Mechanism of Action
• Regulatory Status
• Clinical Trial Results
• Drug Uptake and Market Performance
   

Late-Stage Pipeline Drugs

• Drug Overview
• Mechanism of Action
• Regulatory Status
• Clinical Trial Results
• Drug Uptake and Market Performance
   

*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.

Key Questions Answered in this Report:

Market Insights

• How has the thyroid cancer market performed so far and how will it perform in the coming years?
• What are the markets shares of various therapeutic segments in 2023 and how are they expected to perform till 2034?
• What was the country-wise size of the thyroid cancer market across the seven major markets in 2023 and what will it look like in 2034?
• What is the growth rate of the thyroid cancer market across the seven major markets and what will be the expected growth over the next ten years?
• What are the key unmet needs in the market?
   

Epidemiology Insights

• What is the number of prevalent cases (2018-2034) of thyroid cancer across the seven major markets?
• What is the number of prevalent cases (2018-2034) of thyroid cancer by age across the seven major markets?
• What is the number of prevalent cases (2018-2034) of thyroid cancer by gender across the seven major markets?
• What is the number of prevalent cases (2018-2034) of thyroid cancer by type across the seven major markets?
• How many patients are diagnosed (2018-2034) with thyroid cancer across the seven major markets?
• What is the size of the thyroid cancer patient pool (2018-2023) across the seven major markets?
• What would be the forecasted patient pool (2024-2034) across the seven major markets?
• What are the key factors driving the epidemiological trend of thyroid cancer?
• What will be the growth rate of patients across the seven major markets?
   

Thyroid Cancer: Current Treatment Scenario, Marketed Drugs and Emerging Therapies

• What are the current marketed drugs and what are their market performance?
• What are the key pipeline drugs and how are they expected to perform in the coming years?
• How safe are the current marketed drugs and what are their efficacies?
• How safe are the late-stage pipeline drugs and what are their efficacies?
• What are the current treatment guidelines for thyroid cancer drugs across the seven major markets?
• Who are the key companies in the market and what are their market shares?
• What are the key mergers and acquisitions, licensing activities, collaborations, etc. related to the thyroid cancer market?
• What are the key regulatory events related to the thyroid cancer market?
• What is the structure of clinical trial landscape by status related to the thyroid cancer market?
• What is the structure of clinical trial landscape by phase related to the thyroid cancer market?
• What is the structure of clinical trial landscape by route of administration related to the thyroid cancer market?