North American Graves’ disease market is growing at a CAGR of around 4.3% during the forecast period. North American Grave’s disease market has been primarily driven by increasing prevalence of thyroid disorders, and significant awareness about thyroid treatment and diagnosis. Moreover, some initiatives to support Americans suffering from thyroid disease are also contributing to the growth of the North American Graves’ disease market. For instance, in January 2016, AmeriCares supported thousands of Americans suffering from thyroid disease in terms of providing medication. This donation was conducted in recognition of Thyroid Awareness Month. This will enable health and emergency response organizations to offer levothyroxine therapy for an average 25,000 underinsured, insured, and low-income patients of community health centers and clinics nationwide.
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According to the American Thyroid Association, approximately 20 million people all over the US have some kind of thyroid disorders. Several patients require medication to control the functioning of the thyroid and needs treatment for life. Akrimax Pharmaceuticals, LLC, located in Cranford, New Jersey, US is a key sponsor of the thyroid month campaign. The company donated $2.4 million worth of levothyroxine therapy. This is sufficient to meet monthly prescriptions for approximately 25,000 patients.
Due to significant rise in the prevalence of thyroid disorders, the increasing number of smokers, the considerable population suffering from type-1 diabetes and launching of thyroid awareness programs by pharmaceutical companies in North America. The North American Graves’ disease market has been estimated to grow at a CAGR of 4.3% during the forecast period of 2018-2023. The US is the leading shareholder in the North American Grave’s diseases market. Substantial funding for R&D activities in the US is also contributing towards the North American Graves’ disease during the forecast period.
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North American Graves’ disease Market Segmentation
By Diagnosis
- Ultrasound
- Imaging Tests
- Radioactive Iodine Uptake
- Blood Sample
By Treatment
- Anti- Thyroid Medication
- Radioactive Iodine Therapy
- Surgery
Regional Analysis
- United States
- Canada
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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