Rising Incidence of Thyroid-Deficiency to Accelerate Global Levothyroxine Sodium Market

Levothyroxine sodium is widely used in the pharmaceutical industry. The demand for levothyroxine sodium is increasing due to the growing demand for artificial hormonal pills prescribed by healthcare experts and practitioners. The advancements in the medical research fraternity have also increased the requirement of levothyroxine sodium. As levothyroxine sodium has similar properties like endogenous hormone that is produced by the thyroid gland, which has further increased its demand and is used in artificial hormonal pills. Moreover, rising incidence of thyroid-deficiency in large number of people have also provided a fillip to this market. Rising number of ageing women who are susceptible to get affected by hypothyroidism and growing population in this age group has further augmented the demand in this sector. Adding to it further, growing need to have a fast counter mechanism for thyroid deficiency is likely to benefit the global levothyroxine sodium market in the coming years.

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North America to Led Levothyroxine Sodium Due to Presence of Key Research Institutes

North America is the key region that is driving the global levothyroxine sodium market. The reason behind the growth of this region can be attributed to advanced medical research center and institutions in the United States. Moreover, the presence of leading vendors in the regions has given a significant push to the levothyroxine sodium market. Expertise of medical professionals working on levothyroxine sodium and thoroughly analyzing it has expanded the market potential significantly.

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Furthermore, some of the leading companies are focusing on mergers and acquisitions, agreements, and partnerships which will change the market competition and market dynamics. For instance, Amneal Pharmaceuticals and Lannett Company, Inc. entered a distribution agreement where Amneal will take over Lannett’s distribution and marketing of Levothyroxine sodium tablets. This will benefit both the companies in expanding their business in the global market. Thus, steps like these are expected to stoke up the global levothyroxine sodium market in coming years.

Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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