Iodine Deficiency Drug Market By Dosage Form (Tablets, Others), By Distribution Channel (Hospital Pharmacies, Drug stores and Retail Pharmacies, Online Providers): Global Opportunity Analysis and Industry Forecast, 2021-2031
Iodine is an essential trace element that is present in the thyroid hormones, thyroxine and triiodotyronine. These hormones play an important role in regulation of weight, energy levels, internal temperature, skin, hair, nail growth, metabolism and is an important part of the endocrine system. But in some cases thyroid gland is underactive i.e. it is unable to produce enough hormones due to which hypothyroidism occurs. The main cause of iodine deficiency disorder is hypothyroidism, which leads to development and metabolic problems. The adverse effects of hypothyroidism may lead to major problems such as abortion, still birth to mental and physical retardation and deafness.
The growth of global iodine deficiency drug market is driven by increase in iodine deficiency disorders, increase in awareness about iodine deficiency and also various drug launches by pharmaceutical key players. Moreover, the increase in prevalence of hypothyroidism cases in developing regions is a key factor which boosts the growth of market. Also, increase in prevalence of iodine deficiency cases in new born drives the growth of market. In addition, awareness programs across the globe by WHO, UNICEF for iodine deficiency will drive the market growth. For instance, according to WHO 2022, universal salt iodization program is introduced to combat iodine deficiency disorders across globe which fuels the growth of market.
However, side effects associated with iodine deficiency drugs and patent expiry of branded version are the restraints that decrease the growth of market. When thyroxine consumption is excess, various consequences can occur like thyroiditis, hyperthyroidism, and thyroid papillary cancer, brassy taste in the mouth, increased salivation, and gastrointestinal irritation which hinder the growth of market.
The global iodine deficiency drug market is segmented into dosage form, distribution channel and region wise. By dosage form, the market is categorized into tablets and others (softgel capsules, liquid formulations and injections). On the basis of distribution channel, the market is segregated into hospital pharmacies, drug stores & retail pharmacies, and online providers. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major Key players that operate in the global iodine deficiency drug market are Abbott Laboratories, AbbVie Inc, Cipla Ltd, Fresenius SE & Co. KGaA (Fresenius Kabi), GlasxoSmithKline, Lupin, Macleods Pharmaceuticals, Merck KGaA, Pfizer, and Teva Pharmaceutical Industries Ltd, Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the iodine deficiency drug market analysis from 2021 to 2031 to identify the prevailing iodine deficiency drug market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the iodine deficiency drug market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global iodine deficiency drug market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution Channel
Hospital Pharmacies
Drug stores and Retail Pharmacies
Online Providers
By Dosage Form
Tablets
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Cipla Ltd
Abbott Laboratories
Abbvie Inc
Fresenius SE and Co. KGaA
Glaxosmithkline plc
Lupin Ltd
Merck KGaA
Pfizer Inc.
Teva Pharmaceutical Industries Ltd.
Macleods Pharmaceuticals Ltd
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