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Thyroid Eye Disease Treatment Market (Drug Type - Vitamins, Corticosteroids, Monoclonal Antibody, and Other Drug Types; Distribution Channel - Retail Pharmacies, Hospital Pharmacies, and Online Pharmacies): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : FB0260

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Thyroid Eye Disease Treatment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Thyroid Eye Disease Treatment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Thyroid Eye Disease Treatment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on thyroid eye disease treatment market provides an in-depth analysis of segments and sub-segments in the global as well as regional thyroid eye disease treatment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional thyroid eye disease treatment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global thyroid eye disease treatment market. According to the report, the global thyroid eye disease treatment market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.

 

Market Insight

Thyroid eye disease is a condition that causes inflammation in the eyelids, eye muscles, tear glands, and fatty tissues behind the eye. It occurs when the body’s immune system attacks the tissues around the eye that cause inflammation in the tissues. It is also called as Grave’s Orbitopathy or Ophthalmopathy. It leads to swallowing of eyes and can cause eyes and eyelids to become red. The thyroid eye disease also causes reduced vision due to pressure on the nerve at the back of the eye.

 

The rising prevalence of thyroid eye disease drives the growth of the thyroid eye disease treatment market. A study estimated that around 16 women per 100000 ad 3 men per 100000 have thyroid eye disease. Thyroid eye prevalence is higher in women than in men. The favorable reimbursement policies for the treatment of thyroid disorders and increasing awareness about the complications related to thyroid disorders contribute to the expansion of the market. Further, thyroid eye disease mostly occurs in people living with Grave’s disease or hyperthyroidism. A study estimated that around 60 % of patients with hyperthyroidism will develop thyroid eye disease. Thus rise in the number of people suffering from Grave’s diseases promotes the expansion of the thyroid eye disease treatment market. Further, smoking is one of the reasons contributing to the prevalence of thyroid eye diseases. Smoking increases the risk of thyroid eye disease by 7-8 times and also minimizes the effectiveness of treatments. In addition, growing improvement in healthcare infrastructure and a rising number of ophthalmologists escalate the development of thyroid eye disease treatment market. On the flip side, side effects associated with the drugs hinders the growth of thyroid eye disease treatment market. Moreover, growing research to develop a novel therapy for thyroid eye disease treatment creates several opportunities for the growth of thyroid eye disease treatment market.

 

Geographically, the global thyroid eye disease treatment market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a dominant share in the global thyroid eye disease treatment market. The presence of well-established healthcare infrastructure and the rising prevalence of thyroid eye disease in North America drive the growth market in the region. Europe is anticipated to grow in the global thyroid eye disease treatment market with a healthy CAGR over the forecast period. The growth of the thyroid eye disease treatment market in Europe is attributed to the availability of superior treatment options in the region. Asia-Pacific region has lucrative growth opportunities in the global thyroid eye disease treatment market. The improving healthcare infrastructure in Asia-Pacific led to the expansion of the thyroid eye disease treatment market in the region.

 

Segment Covered

The report on global thyroid eye disease treatment market covers segments such as drug type, and distribution channel. On the basis of drug type, the sub-markets include vitamins, corticosteroids, monoclonal antibody, and other drug types. On the basis of distribution channel, the sub-markets include retail pharmacies, hospital pharmacies, and online pharmacies.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Novartis AG, Pharmos Corporation, Hi-Tech Pharmacal Co Inc., Allergan plc, Pfizer Inc., Horizon Therapeutics plc, Kala Pharmaceuticals Inc., Bausch And Lomb Inc., Eyevance Pharmaceuticals LLC, Mylan N.V., and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of thyroid eye disease treatment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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