The Global Market for Thyroid cancer was USD 175.16 million in 2016. Thyroid cancer market is expected to grow at a CAGR of 25.45% to reach USD 544.24 million by 2021.
Thyroid tumor is basically treated by surgery and radiotherapy. Chemotherapy has less part to play in the treatment.
Essentially doxorubicin is utilized as an off-label drug for treating the patients with a plastic thyroid cancer; likewise, some other off-name medications, for example, cisplatin and carboplatin are utilized, however they have brought down response rates. The high development figure for the thyroid growth therapeutics market is essentially credited to a strong pipeline.
These drugs most probably get approved in the next 7 years. Zactima, XL184 and, Zybrestat have been granted orphan drug status by the FDA.
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Once the above molecules get approved, it will Intensify the competition in Thyroid Cancer Market which results in substantial growth in the market. Current competition in Thyroid cancer market is very less.
Some effective treatments like Surgery exists and chemotherapy drugs are also used. Companies such as Doxorubicin which aims at managing conditions are prone to get larger success in future.
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Thyroid Cancer Market can be segmented based on treatment and End user broadly. Based on Treatment market for thyroid cancer can be segmented into iodine therapy, surgery, External radiotherapy, chemotherapy, Thyroxin treatment, Drugs.
Further Chemotherapy is segmented into Doxorubicin and Cisplatin. Drugs can also be segmented into two.
They are Radioiodine and Levothyroxine. Based on End user market for thyroid cancer can be segmented into Oncology centers, Hospital, Pharmacies Hospital, and Retail Pharmacies.
By region, Market can be segmented as North America, Asia-Pacific, Latin America, Europe and Middle East and Africa.
Key players of Thyroid cancer market are Mylan pharmaceuticals Inc., Alara Pharmaceutical Corporation, Bristol Myers co., Teva parenteral medicines Inc., Jerome Stevens Pharmaceuticals Inc. Baxter International Inc., Abbott laboratories and App pharmaceuticals llc.
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