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2022
Iodine Deficiency Drug Market

Iodine Deficiency Drug Market by Treatment Type (Medication, Surgery, Radioactive Iodine, Iodine Supplements), by Dosage Form (Tablet, Capsule, Solution, Powder, Others), and Route of Administration (Oral, Injectable): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Feb 2022 | 36 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Iodine deficiency disorders refer to a spectrum of health consequences resulting from inadequate intake of iodine. It is a rare endocrinology disorder in which the thyroid gland presents in the neck produces inadequate amount or is not capable of producing thyroid hormone because of the deficiency of iodine as it is essential nutrients mandatory for the development of thyroid to be functional. Thyroid hormone is the reason for regulating the body’s temperature, metabolism and the heart rate. The adverse consequences of iodine deficiency lead to a wide spectrum of problems ranging from abortion and still birth to mental and physical retardation and deafness, which collectively known as Iodine Deficiency Disorders (IDDs).

Market scope and structure analysis

Report Metric

Details

 Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

Treatment Type, Dosage Form, Route of Administration, End User,  and Region

  Companies covered

Sanofi, Johnson & Johnson Services, Inc., Biotex Inc., Apitope Technology (Bristol) Ltd, Novartis AG, Immunovant, Inc., Abbott, Bayer AG, ILDONG PHARMACEUTICAL CO., LTD., GlaxoSmithKline plc., Merck KGaA, Titan Pharmaceuticals, Inc., Synthonics, Inc., Genexine, Inc., Lupin Pharmaceuticals, Inc., Alvogen., AbbVie Inc., King Pharma, Fresenius Kabi AG, Mylan N.V., F. Hoffmann La Roche Ltd, Lilly, Pfizer Inc., Novo Nordisk A/S, AstraZeneca, Astellas Pharma Inc.

 

COVID-19 scenario analysis

The COVID-19 pandemic has impacted the healthcare systems across the world. The health agencies are engaged in containing the transmission of coronavirus through lockdown norms and therefore leading to shutting down of factories and other pharmaceutical units.  Major factors driving the market studied are increasing consumption of iodine in CT scan contrast. Moreover, an article published in Indian Journal of Otolaryngology and Head & Neck surgery, suggested the use of PVP-I (Povidone Iodine) Oro nasal spray adjunct to PPE, mask or vaccine as it provides additional shield for covid-19 protection and thus minimize the burden as povidone iodine is a strong microbial agent having 99.99% virucidal efficacy. So, the Iodine Deficiency Drug Market is likely to experience positive growth curve. 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Major factors that are expected to boost the growth of the iodine deficiency drug market in the forecast period are increase prevalence of goiter and hypothyroidism disorders worldwide. According to American Thyroid Association, approximately 30% of the world’s population remains at risk for iodine deficiency, to cope up with the problem of iodine deficiency there is a rapid adoption of newer formulations and novel dosage forms which will likely to propel the growth of this market.

Over the last 80 years, worldwide efforts have been made to eliminate iodine deficiency. Elimination of iodine deficiency has been a major goal of the Iodine Global Network, UNICEF, and the World Health Organization. Iodized salt has been the mainstay of the prevention of iodine deficiency worldwide. In regions where iodized salt is not widely available, or where pregnant women are known to have inadequate iodine intakes, use of a daily iodine-containing supplement may be recommended for pregnant and breastfeeding women. Injections of iodized oil are occasionally used in severely iodine deficient regions of the world where widespread iodized salt use is not possible. Moreover, the Institute of Medicine has set the Recommended Dietary Allowance (RDA) for iodine in adult men and women at 150 μg per day which will boost the growth of the market in the forecast period.

However, the issue of toxicity due to the consumption of iodine and its derivative is liming the growth of the global iodine market. The fluctuating prices of iodine will create setbacks for the growth of the global iodine market.

New product launches to flourish the market

In January 2019, Lupin Pharmaceuticals has launched generic Levothyroxine sodium tablets in US market, after receiving approval from United States Food and Drug administration (USFDA). The tablets are indicated as supplemental therapy for hypothyroidism and as an adjunct to surgery and radioiodine therapy.

Key benefits of the report

  • This study presents the analytical depiction of the global iodine deficiency drug market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Iodine Deficiency Drug Market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Iodine Deficiency Drug Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the iodine deficiency drug market report 

  • Which are the leading players active in the iodine deficiency drug market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Treatment Type
  • Medication
  • Surgery
  • Radioactive Iodine
  • Iodine Supplements
Dosage Form
  • Tablet
  • Capsule
  • Solution
  • Powder
  • Others
Route of Administration
  • Oral
  • Injectable
End User
  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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