Grave’s Disease Market: Global Industry Analysis and Forecast 2023-2029

Grave’s Disease Market was valued at US$ 375.44 Mn. in 2022. The Global Grave’s Disease Market size is estimated to grow at a CAGR of 4.1% over the forecast period.
Grave’s Disease Market Overview:
The report explores the Grave’s Disease Market and its segments (Treatment, Diagnosis, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Grave’s Disease Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Grave’s Disease Market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
Grave’s disease is an autoimmune disorder that can cause hyperthyroidism or overactive thyroid. The major factor driving the growth of the market is the growing prevalence of autoimmune disorders such as thyroid, which has created the demand for its treatment. The growing patient population and the demand for quality healthcare are other factors boosting the growth of the market. Individuals who are suffering from diabetes are likely to increase the prevalence of grave disease and are expected to create opportunities for increased demand for advanced treatment options, which in turn will boost the grave disease market.

The competition could lead to falling in the prices of the products because the intense competition from local manufacturers that offer products at low cost in the market is expected to hamper the growth of the market. The manufacturers are expected to provide up-to-date solutions to the customer with continuous technological development in the autoimmune disease diagnostic market. These are some of the major challenges faced by the grave disease market.
Grave’s Disease Market Trends:
The rapid expansion of knowledge on pathogeny, diagnosis, and treatment of Grave’s disease over the last decade has prompted discussion in endocrinological societies’ scientific sessions regarding the dissemination of information and awareness of new diagnostic and therapeutic aspects of the disease. The advancement of new technologies that have allowed ultrasound to become more widely accepted for soft tissue diagnosis is anticipated to offer lucrative opportunities for market growth. The increasing investment in research and development is expected to create opportunities for the market during the forecast period.

COVID-19 Impact:

The pandemic has affected both pulmonary and systemic inflammation, potentially determining multi-organ dysfunction. The virus has been reported to be a trigger for new or recurrent autoimmune thyroid disease. The virus is believed to trigger an immunological response causing reactivation of Grave’s disease. Thyroid autopsies in patients who were demised from COVID-19 infection do not indicate the presence of viral particles in the thyroid gland, the suggestive of an indirect, immune-mediated mechanism associated with destructive changes and cellular apoptosis.
Grave’s Disease Market Segment Analysis:
Based on Treatment, the Grave’s Disease Market is segmented into Anti-Thyroid Medication, Radioactive Iodine Therapy, and Surgery. The anti-thyroid segment holds the largest market share of more than 50% in 2022 and is expected to grow with the highest CAGR during the forecast period. It is used to prevent the thyroid from producing excess amounts of hormones.

Based on Diagnosis, the Grave’s Disease Market is segmented into Ultrasound, Imaging tests, Radioactive Iodine Uptake, and Blood sample. The radioactive iodine uptake holds the largest segment and will remain the same during the forecast period. It slowly destroys the cells of the thyroid gland that produce thyroid hormone, and this therapy does not affect other body tissue. It is not used for women who are pregnant or breastfeeding because it can harm the fetus’s thyroid.
Regional Insights:
The North American region held the largest market share accounting for 36.9% in 2022. The rise in awareness about hyperthyroidism and increasing health investment will drive the growth of the market in this region.

The Asia Pacific region is expected to witness significant growth at a CAGR of 8.42% through the forecast period. The increasing awareness and technological advancement in diagnostic techniques are likely to fuel the growth of the market in this region. The market for graves’ diseases is predicted to increase rapidly in the Asia-Pacific region. The growing prevalence of autoimmune disorders, as well as increased public awareness about the treatment of Graves' disease, are driving the regional market forward. Other factors driving market growth in the Asia-Pacific region include advancements in treatment technology, improved healthcare infrastructure, and increased public health programs. In addition, the rising prevalence of diabetes in the area, particularly in China, is one of the primary factors driving market growth. Due to the significant number of low- and middle-income persons in Asia-Pacific, people choose to use cost-effective treatment options like anti-thyroid drugs.

The objective of the report is to present a comprehensive analysis of the global Grave’s Disease Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Grave’s Disease Market dynamic and structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Grave’s Disease Market make the report investor’s guide.
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Grave’s Disease Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 375.44 Mn.


Forecast Period 2023 to 2029 CAGR:
4.1%
Market Size in 2029:
US$ 497.4 Mn.


 Segments Covered:
by Treatment
Anti-Thyroid Medication
Radioactive Iodine Therapy
Surgery


by Diagnosis
Ultrasound
Imaging tests
Radioactive Iodine Uptake
Blood sample



Grave’s Disease Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Grave’s Disease Market Key Players are:
1. Abbott Laboratories
2. GlaxoSmithKline plc
3. Merck & Co
4. Pfizer, Inc
5. RLC LABS
6. AbbVie, Inc
7. Mylan N.V
8. Allergan, plc
9. Novartis AG
10.Apitope
11.Amgen INC.
12.Sun Pharmaceuticals Industries LTD
13.Immunovant Inc

Frequently Asked Questions:

1] What segments are covered in the Global Grave’s Disease Market report?
Ans. The segments covered in the market report are based on Treatment, Diagnosis, and Geography.

2] Which region is expected to hold the highest share in the Global Grave’s Disease Market?
Ans. The North American region is expected to hold the highest share in the market.

3] What is the market size of the Global Grave’s Disease Market by 2029?
Ans. The market size of the market by 2029 is expected to reach US$ 497.4 Mn.

4] What is the forecast period for the Global Grave’s Disease Market?
Ans. The forecast period for the market is 2023-2029.

5] What was the market size of the Global Grave’s Disease Market in 2022?
Ans. The market size of the market in 2022 was valued at US$ 375.44 Mn.