South Korea Thyroid Cancer Market Analysis Insights In Healthcare Industry

Thyroids are situated in the lower front of the neck. The structure of the thyroid is like a butterfly. Thyroids work as a control metabolism that releases hormones all over the body. These hormones play a very important role in the functioning of the body. Thyroid cancer evolves when the cells go through mutation. When the abnormal cells increase in the thyroid, it can lead to a tumor in the thyroid. The treatment of thyroid cancer is possible if it is diagnosed at an early stage.

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Researchers have differentiated thyroid cancer in four different types:

• Papillary thyroid cancer
• Follicular thyroid cancer
• Medullary cancer
• Anaplastic thyroid cancer

The symptoms observed in the earlier stages of thyroid cancer are:

• Issues in swallowing
• Pain in the throat and neck
• Cough
• Neck lump
• Changes in the voice or hoarseness

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There has been a significant rise in the frequency of thyroid cancer; growing prominence after the early diagnosis which later helps in the treatment of thyroid cancer are the factors propelling the growth of the thyroid market. Although thyroid cancer is a very uncommon cancer, there has been a significant rise in the incidences reported due to the advances and the upgrades in the technology in the plastic few years.

There has also been a rise in the initiatives taken by the government and rise in the investment and funding for the R & D activities which are also propelling the growth of the thyroid cancer market.

COVID-19 Scenario Analysis:

At the early phase of the COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the disease in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups from various countries utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global markets. These players achieved edge over other diagnostics players capitalizing the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis.

Key Market Players

• Abbott
• F. Hoffmann-La Roche Ltd
• Thermo Fisher Scientific, Inc
• Siemens Healthcare GmbH
• Bio-Rad Laboratories, Inc
• General Electri
• Koninklijke Philips N.V
• Toshiba Corporation
• Agilent Technologies, Inc.
• Illumina, Inc.