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LIOTHYRONINE MARKET ANALYSIS

• Liothyronine Market, by Product Type
  (Liothyronine Sodium, Combination Therapies,
  Others), by Indication (Hypothyroidism, Goiter,
  and Myxedema), by Distribution Channel (Hospital
  Pharmacies, Retail Pharmacies, Speciality Clinics
  and Online Pharmacies), and by Region (North
  America, Latin America, Europe, Middle East, Asia
  Pacific, and Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

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• Liothyronine is synthetically manufactured form
  of thyroid hormone, triiodothyronine (T3), which
  is produced by thyroid gland to boost energy and
  metabolism in human body. Liothyronine is used in
  the treatment of hypothyroidism and in surgical
  treatment of people with thyroid cancer.
  Liothyronine is administered orally in patients
  after having meal as directed by physician. Apart
  from thyroid related conditions, liothyronine is
  used in treatment of Myxedema.
• Global Liothyronine Market Drivers
• Increasing prevalence of thyroid related
  conditions owing to factors such as unhealthy
  diet, and modified life style has increased in
  the thyroid conditions such as hypothyroidism.
  For instance, according to the National Institute
  of Health 2019 report, hypothyroidism affects
  around 5 of individuals worldwide each year.
  Therefore, pharmaceutical companies are focusing
  on advancement in the field of treatment of
  thyroid related conditions, which is expected to
  drive growth of global liothyronine market. For
  instance, in 2019, Titan Pharmaceuticals, Inc.
  presented the clinical data on efficiency of
  'ProNeura', a sub-dermal implant, characterized
  with properties such as sustain release dosage
  form in treatment of hypothyroidism. These
  factors are expected to drive the global
  liothyronine market over the forecast period.

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• Market Restraints
• Liothyronine drug is associated with side effects
  such as temporary hair loss in initial days of
  treatment, which is mainly observed in children.
  Moreover, liothyronine is associated with some
  common side effects such as nervousness,
  increased sweating, and diarrhoea. Furthermore,
  liothyronine is contraindicated in patients with
  obesity and patients with weight issues. These
  factors are expected to restrain the global
  liothyronine market.

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• Market Regional Analysis
• On the basis of region, global liothyronine
  market is segmented into North America, Latin
  America, Europe, Asia Pacific, Middle East, and
  Africa. In North America, hypothyroidism is
  having high prevalence in the U.S. because of
  decreased thyroid hormone production in
  individuals, owing to changes in lifestyle and
  unhealthy diet. For instance, according to the
  American Thyroid Association report 2019, 12 of
  the U.S. population suffered from thyroid and 60
  of the population were unaware of thyroid related
  conditions. Therefore, pharmaceutical companies
  are focusing on product approvals for treatment
  of hypothyroidism to strengthen their market
  share. For instance, in 2017, ITL Pharma, Inc.
  (ITL), a pharmaceutical research company,
  received approval for its Trithyroid
  (liothyronine, T3), as a sustain drug release
  under the category of patent protection by the
  U.S. Food Drug and Administration.
• In Europe, according to the National Institute of
  Health 2019 report, prevalence of hypothyroidism
  was 4.49 in the region. Therefore,
  pharmaceutical companies are focusing on product
  launches for treatment of hypothyroidism to
  strengthen their market share. For instance, in
  2019, Bioiberica S.A.U, a manufacturer of natural
  active pharmaceutical ingredients, launched
  thyroxime and liothyronine from human thyroid
  glands indicated for the treatment of
  hypothyroidism.

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• Global Liothyronine Market COVID-19 Impact
  Analysis
• Since the outbreak of COVID-19 pandemic, every
  sector and industry around the globe is
  negatively affected. In case of the global
  liothyronine market, patients suffering from
  thyroid related conditions have to undergo
  regular thyroid function test to check the
  thyroid organ functionality and modify dosage
  according to the results. However, lockdowns by
  governments of various countries have resulted in
  difficulty in regular tests and appointments for
  patients. Moreover, the governments of various
  countries such as India, the U.S., Italy, and
  others have imposed ban on non-urgent surgical
  treatments due to COVID-19. Thus, patients who
  have been suggested thyroid surgery would have to
  wait till the ban lifts.

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• Global Liothyronine Market Key Players
• Key operating players in global liothyronine
  market include LGM Pharma, LLC, HBCChem, Inc.,
  EMMX Biotechnology LLC, Toronto Research
  Chemicals, 3B Scientific, Apollo Scientific Ltd,
  American Biochemicals Inc, Acros Organics
  B.V.B.A, Suzhou Ryan Pharmaceutical Technology
  Co, ITL Pharma, Inc, Bioiberica S.A.U, and Titan
  Pharmaceuticals, Inc.
• Market Taxonomy
• On the basis of product type, the global
  liothyronine market is segmented into
• Liothyronine Sodium
• Combination Therapies
• Others

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• On the basis of distribution channel, the global
  liothyronine market is segmented into
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• On the basis of indication, the global
  liothyronine market is segmented into
• Hypothyroidism
• Goiter
• Myxedema
• On the basis of region, the global liothyronine
  market is segmented into
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

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