Canada Graves’ disease market is growing at a CAGR of around 6.3% during the forecast period. Due to increasing awareness of thyroid disease in the country by various government organizations, the Canada Graves’ disease market is expected to grow. For instance, June is celebrated as thyroid awareness month in Canada. The Thyroid Foundation of Canada (TFC), a non-profit organization established in 1980 with the objective of supporting patients suffering from thyroid disease. The foundation has given nearly $1 million for researches on thyroid disease. This funding supports in researches on thyroid disease.
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As Grave’s is the most common autoimmune thyroid disease, this may result in a significant rise in researches for discovering effective medication for patients. Moreover, according to TFC, Grave’s disease is by far the most common cause of hyperthyroidism in Canada. Grave’s disease affects nearly one in every 100 people in Canada, which in turn creates significant scope for the growth of Canada Graves’ disease market.
Further, a significant number of smokers in Canada are also a major cause of Grave’s disease in Canada. According to Statistics Canada, in 2017, 16.2% of Canadians aged 12 and over, which is nearly 5 million people smoked either daily or occasionally. Of the 5 million current smokers, 3.6 million smoked cigarettes every day. According to the British Thyroid Foundation, Cigarette smoking is identified to have a key influence on Grave’s disease and on thyroid eye disease (TED).
Smoking can lead to Grave’s disease as it consists of thousands of chemicals and among which some can stimulate the immune system for reacting against the thyroid. Moreover, smokers with Grave’s disease are nearly two times more expected to develop TED. This represents the relation of smoking with Grave’s disease and thereby results in the adoption of anti-thyroid medication for the treatment of the condition, which in turn positively affects the Canada Graves’ disease market growth.
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Canada Graves’ disease Market Segmentation
By Diagnosis
- Ultrasound
- Imaging Tests
- Radioactive Iodine Uptake
- Blood Sample
By Treatment
- Anti- Thyroid Medication
- Radioactive Iodine Therapy
- Surgery
Company Profiles
- Abbott Laboratories Inc.
- Allergan PLC
- Eli Lilly and Co.
- GlaxoSmithKline PLC
- Johnson & Johnson
- Macleods Pharmaceuticals Ltd.
- Merck & Co. Inc.
- Mylan NV
- Novartis International AG
- Pfizer Inc.
- Sanofi SA
- Takeda Pharmaceutical Co. Ltd.
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