Delvens published a new research publication on "Thyroid Cancer Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Thyroid Cancer Market was mainly driven by the increasing R&D spending across the world.
The global Thyroid Cancer Market size was estimated at USD 2.6 billion in 2023 and is projected to reach USD 3.8 billion in 2030 at a CAGR of 5.9% during the forecast period 2024-2030.
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Thyroid cancer, originating in the thyroid gland, begins when cells undergo abnormal growth, leading to uncontrolled proliferation. This gland plays a crucial role in regulating metabolism, heart rate, blood pressure, and body temperature through hormone production.
Global awareness surrounding thyroid cancer has significantly increased, driving market demand. As healthcare expenditure rises worldwide, there is a corresponding growth in demand for improved health services, including advanced diagnostics and treatment options for thyroid cancer.
North America to Dominate the Market
North America held the top position in the global thyroid cancer market in 2023 and is anticipated to maintain its leadership through the forecast period. The region's robust growth is driven by the adoption of advanced healthcare technologies and the introduction of innovative treatment techniques in medical facilities.
Europe follows closely behind with significant market share, supported by stringent government regulations that ensure the approval of effective post-surgery medications for patient well-being. In Asia Pacific, rapid aging of the population and expanding hospital infrastructures are key factors propelling substantial market growth.
Competitive Landscape
· Merck Co Inc
· Bayer AG
· Jerome Stevens Pharmaceuticals Inc
· Pfizer Inc
· Curium SAS
· Canon Inc.
· FUJIFILM Holdings Corporation
· F. Hoffmann-La Roche Ltd
· Quest Diagnostics Incorporated
· Koninklijke Philips N.V.
· Thermo Fisher Scientific Inc.
· Siemens Healthcare GmbH
· Abbott
· General Electric Company and More
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Recent Developments:
In August 2022, F. Hoffmann-La Roche Ltd introduced its latest innovation, the Digital LightCycler System, marking Roche's debut in the digital polymerase chain reaction (PCR) arena.
In May 2022, Thermo Fisher Scientific Inc. launched the Thermo Scientific Glacios 2 Cryo-Transmission Electron Microscope (Cryo-TEM), a state-of-the-art microscope equipped with enhanced automation and high-resolution imaging capabilities.
The Thyroid Cancer Market is segmented into various segments such as Product Type, Test Type, Cancer Type, Stages, Age Group and Region:
Based on Product Type
· Instruments
· Consumables & Accessories
Based on Test Type
· Imaging Test
· Blood Test
· Biopsy
· Others
Based on Cancer Type
· Papillary Carcinoma
· Follicular Carcinoma
· Others
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