What is the Anticipated Growth for the Thyrogen Global Market By 2025?
The Thyrogen market has grown strongly in recent years, from a market size of $1,080 million in 2024 to a forecasted $1,170 million in 2025, marking a compound annual growth rate (CAGR) of 8.6%. This growth during the historic period can be linked to factors such as increased convenience and lower healthcare expenditures, the rising adoption of telemedicine, increased use of breast cancer therapeutics, increased adoption of Thyrogen, and a growing demand for thyroid cancer treatment.
The market is predicted to continue to grow solidly for several years, expecting to reach $1,610 million in 2029 at a CAGR of 8.3%. This growth during the forecast period can be attributed to the increasing incidence of thyroid cancer, a rising focus on patient-centered healthcare, rising awareness and diagnosis of thyroid problems, an increased incidence of anaplastic thyroid cancer, and improving awareness and education. Significant trends emerging in the forecast period include advancements in diagnostic technologies, technological innovations in treatment, product launches, innovative oncology drugs, and biotechnology advancements.
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What Are the Key Drivers Propelling the Growth of the Thyrogen Market?
The increasing incidence of thyroid cancer is anticipated to propel the Thyrogen market. The American Cancer Society, for instance, projected that there would be approximately 44,020 new cases of thyroid cancer and 2,170 deaths from thyroid cancer in January 2024. Thyrogen is used extensively in the diagnosis and treatment of this type of cancer, contributing to the market’s growth.
The rising focus on personalized medicine is also expected to stimulate the Thyrogen market growth going forward. Personalized medicine refers to healthcare that tailors treatments to individual patient characteristics, and, as published in a report by the Personalized Medicine Coalition in 2023, the FDA approved 16 new personalized treatments for rare disease patients.
Which Are the Main Segments in the Thyrogen Market?
• By Type: Vail; Pre-Filled
• By Product Type: Thyrogen Powder; Thyrogen Injection
• By Application: Diagnostic; Therapeutic
• By End-User: Hospitals; Diagnostic Centers; Specialty Clinics; Other End Users.
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Who are the Major Players in the Thyrogen Market?
Sanofi S.A. is the major company operating in the Thyrogen market.
What are the Key Trends in the Thyrogen Market?
Emerging trends in the Thyrogen market include focusing on innovative applications such as diagnosing and treating differentiated thyroid cancer using Thyrogen as a theranostic tool.
Which is the Fastest-Growing Region in the Thyrogen Market?
North America stands as the largest region in the Thyrogen market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What does the Thyrogen Global Market Report 2025 offer?
Thyrogen (thyrotropin alfa) is a synthetic form of the thyroid-stimulating hormone used to detect thyroid cancer remnants. The Thyrogen Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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