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The global iodine deficiency drug market size is projected to reach $6.5 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
PORTLAND, OREGON, UNITED STATES, May 26, 2023 /einpresswire.com / -- Iodine deficiency is a condition that occurs when the body does not have enough iodine, a trace mineral essential for the production of thyroid hormones. In regions where iodine deficiency is prevalent, the use of iodine supplements or iodized salt can help prevent and treat this condition. Iodine supplements, such as potassium iodide or iodine drops, are available in various formulations and are typically taken orally. The global iodine deficiency drug market size was valued at $3.7 billion in 2021, and is projected to reach $6.5 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
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Iodized salt is a commonly used approach to prevent iodine deficiency. It is regular table salt that has been fortified with iodine. By incorporating iodized salt into the diet, individuals can ensure an adequate intake of iodine. It is important to note that iodine supplements and iodized salt should be used under the guidance of a healthcare professional to avoid excessive iodine intake, which can also have adverse effects.
Major market players covered in the report, such as -
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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Key Benefits for Stakeholders -
. The report provides quantitative analysis of market segments, current trends, strategies and potential of Iodine Deficiency Drug Market research to identify potential Iodine Deficiency Drug Market opportunities in genetics.
. In-depth analysis of this sector helps identify current market opportunities.
. Market analysis and information related to key drivers, restraints and opportunities are provided. . Porter's Five Forces Analysis identifies the capabilities of buyers and suppliers to enable stakeholders to make profitable business decisions and strengthen the network of buyers.
. The largest countries in each region are listed according to their contribution to the global market.
. Focusing on market players makes benchmarking easier and provides a clear understanding of the current market situation.
. The report includes regional and global Iodine Deficiency Drug Market analysis, key players, market segments, application areas and Market growth strategies.
In severe cases of iodine deficiency, where individuals may develop an enlarged thyroid gland (known as a goiter) or experience thyroid dysfunction, additional medical treatment may be necessary. This can involve the administration of thyroid hormone replacement therapy to restore normal thyroid function and address related symptoms.
Overall, the primary approach to managing iodine deficiency involves ensuring an adequate intake of iodine through the use of iodine supplements or iodized salt, while carefully monitoring iodine levels to maintain a balance that supports optimal thyroid function.
The Iodine Deficiency Drug Market is expected to witness a significant growth in the coming years. This market has gained interest of the healthcare and medical sectors owing to increased prevalence of hypertension throughout the globe. Furthermore, the global Iodine Deficiency Drug Market is segmented on the basis of product type, end user, and region. leading market players have been introducing various strategies to help enterprises move their on-premise models to on-demand models.
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