The Increasing Prevalence of Medullary Thyroid Cancer And Advancement In Treatment Option Have Propelled The Growth Of The Medullary Thyroid Cancer Market In The North America Region!

Medullary thyroid cancer (MTC) is a rare type of thyroid cancer that originates in the C cells of the thyroid gland. Unlike other types of thyroid cancer that arise from follicular cells, MTC is associated with the overgrowth of these C cells and the production of elevated levels of calcitonin, a hormone involved in calcium regulation. The increasing prevalence of medullary thyroid cancer (MTC) and advancements in treatment options are playing a significant role in boosting the medullary thyroid cancer market in the United States. Medullary thyroid cancer (MTC) is a rare type of thyroid cancer that originates in the C cells of the thyroid gland. Unlike other types of thyroid cancer that arise from follicular cells, MTC is associated with the overgrowth of these C cells and the production of elevated levels of calcitonin, a hormone involved in calcium regulation. The rising prevalence of medullary thyroid cancer is primarily attributed to rise in the thyroid cancer cases in this region. For instance, according to the American Cancer Society, in the United States, In 2023, About 43,720 new cases of thyroid cancer (12,540 in men and 31,180 in women) are estimated.Furthermore, Advancements in the treatment of MTC, lead to improved outcomes for patients. These advancements include the development of advanced imaging techniques, such as positron emission tomography (PET) and computed tomography (CT), enabling better visualization and staging of MTC tumours. In addition, Canada has a strong and growing healthcare industry, with a focus on developing cutting-edge therapies and technologies for cancer patients. This has led to significant investments in the research and development of novel therapies and targeted treatment for medullary thyroid cancer (MTC), which in turn has accelerated the adoption of the medullary thyroid cancer market. Also, the increasing prevalence of MTC and technological innovations in therapies have synergistically contributed to the growth of the medullary thyroid cancer market. These advancements not only improve treatment outcomes but also empower patients to actively participate in diagnosis campaigns, leading to better disease control.

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Further, the North America Medullary Thyroid Cancer Market is expected to grow at a strong CAGR of 13.1% during the forecast period (2023-2030). In conclusion, the growth of the medullary thyroid cancer market in North America is a result of a combination of factors, including the increasing prevalence of medullary thyroid cancer, advancements in treatment options, increasing healthcare expenditure, and increasing thyroid cancer.

North America Medullary thyroid cancer Market Revenue (2020-2030)- USD bn

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Based on the treatment, the market has been categorized into Surgery, radiation therapy, and chemotherapy. Among them, the surgery segment is expected to grow at a higher CAGR in the market. The surgery segment is a key driver in the medullary thyroid cancer (MTC) market because surgery is often the primary treatment for localized or early-stage MTC. The surgical intervention aims to remove the tumour and affected lymph nodes to achieve complete resection and improve patient outcomes.

Based on the end-user, the market has been categorized into hospitals, radiation therapy center, and online pharmacies. Among them, the hospital category is to witness higher adoption of medullary thyroid cancer during the forecast period. The rising incidence of MTC and the growing awareness of thyroid cancer among the general population have led to an increased number of patients seeking medical attention and treatment at hospitals.

Global Medullary Thyroid Cancer Market Segmentation

Market Insight, by Treatment

· Surgery

· Radiation Therapy

· Chemotherapy

Market Insights, by End-Users

· Hospitals

· Radiation Therapy Center

· Cancer Research Institutes

Market Insight, by Region

· North America Medullary thyroid cancer Market

o U.S.

o Canada

o Rest of North America

· Europe Medullary thyroid cancer Market

o Germany

o U.K.

o France

o Italy

o Spain

o Rest of Europe

· Asia-Pacific Medullary thyroid cancer Market

o China

o India

o Japan

o Rest of Asia-Pacific

· Rest of the World Medullary thyroid cancer Market

Top Company Profiles

· AstraZeneca

· Sanofi

· Eli Lilly and Company

· Exelixis, Inc.

· F. Hoffmann-La Roche Ltd

· Novartis AG

· Merck & Co., Inc

· Bayer AG

· HUTCHMED

· Bristol-Myers Squibb Co.