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South America Thyroid Disorder Market

ID: MRFR/MED/55242-HCR
200 Pages
Garvit Vyas
October 2025

South America Thyroid Disorder Market Research Report By Type (Hypothyroidism, Hyperthyroidism), By Treatment (Medications, Radioactive Iodine Therapy, Surgery), By Route of Administration (Oral, Intravenous, others), By End User (Hospitals, Clinics, others) and By Regional (Brazil, Mexico, Argentina, Rest of South America)- Forecast to 2035

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South America Thyroid Disorder Market Summary

As per MRFR analysis, the South America thyroid disorder market size was estimated at 200.9 USD Million in 2024. The South America thyroid disorder market is projected to grow from 209.26 USD Million in 2025 to 314.41 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.16% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South America thyroid disorder market is experiencing significant growth driven by increased awareness and technological advancements.

  • Brazil remains the largest market for thyroid disorders, reflecting a robust healthcare infrastructure and increasing patient population.
  • Mexico is emerging as the fastest-growing region, likely due to expanding access to healthcare services and rising awareness.
  • The market is witnessing advancements in diagnostic technologies, which enhance early detection and treatment options for thyroid disorders.
  • Key drivers include the increasing prevalence of thyroid disorders and government initiatives aimed at improving healthcare access and preventive measures.

Market Size & Forecast

2024 Market Size 200.9 (USD Million)
2035 Market Size 314.41 (USD Million)
CAGR (2025 - 2035) 4.16%

Major Players

AbbVie Inc (US), Bristol-Myers Squibb Company (US), Eli Lilly and Company (US), GlaxoSmithKline plc (GB), Merck & Co., Inc. (US), Novartis AG (CH), Pfizer Inc. (US), Sanofi S.A. (FR), Takeda Pharmaceutical Company Limited (JP)

South America Thyroid Disorder Market Trends

The thyroid disorder market in South America is currently experiencing notable developments, driven by a combination of increasing awareness and advancements in diagnostic technologies. The prevalence of thyroid disorders, including hypothyroidism and hyperthyroidism, has prompted healthcare systems to enhance their screening and treatment protocols. This shift is largely influenced by the growing recognition of the importance of early detection and management of these conditions. Furthermore, the integration of telemedicine and digital health solutions is facilitating access to care, particularly in remote areas, thereby improving patient outcomes. In addition, the pharmaceutical landscape is evolving, with a rise in the availability of innovative therapies tailored to address specific thyroid conditions. This trend is supported by ongoing research and development initiatives aimed at understanding the underlying mechanisms of thyroid disorders. As healthcare providers increasingly adopt personalized medicine approaches, the thyroid disorder market is likely to witness a surge in demand for targeted treatments. Overall, the combination of heightened awareness, technological advancements, and a focus on personalized care is shaping the future of the thyroid disorder market in South America.

Rising Awareness and Education

There is a growing emphasis on public education regarding thyroid health in South America. Campaigns aimed at increasing awareness about symptoms and risk factors are becoming more prevalent. This trend is likely to lead to earlier diagnosis and treatment, ultimately improving patient outcomes.

Advancements in Diagnostic Technologies

Innovations in diagnostic tools are transforming the thyroid disorder market. Enhanced imaging techniques and laboratory tests are enabling more accurate and timely diagnoses. This progress is expected to facilitate better management of thyroid conditions across the region.

Growth of Telemedicine Services

The expansion of telemedicine is significantly impacting the thyroid disorder market. Remote consultations and digital health platforms are improving access to specialists, particularly in underserved areas. This trend may enhance patient engagement and adherence to treatment plans.

South America Thyroid Disorder Market Drivers

Increased Focus on Preventive Healthcare

The shift towards preventive healthcare in South America is emerging as a significant driver for the thyroid disorder market. As healthcare systems evolve, there is a growing emphasis on early detection and prevention of chronic diseases, including thyroid disorders. This focus is leading to more comprehensive screening programs and health check-ups that include thyroid function tests. The potential for early intervention not only improves patient outcomes but also reduces long-term healthcare costs. Consequently, this trend is likely to enhance the market landscape, as more individuals are encouraged to participate in preventive measures, thereby increasing the demand for diagnostic and treatment services related to thyroid disorders.

Rising Demand for Nutritional Supplements

The increasing awareness of the role of nutrition in managing thyroid disorders is driving the thyroid disorder market in South America. Many patients are turning to nutritional supplements, such as iodine, selenium, and vitamin D, to support thyroid function and overall health. This trend is particularly relevant given that deficiencies in these nutrients can exacerbate thyroid conditions. The market for dietary supplements is projected to grow, with estimates suggesting a compound annual growth rate (CAGR) of around 7% over the next few years. As more individuals seek holistic approaches to managing their thyroid health, the demand for these supplements is likely to rise, further contributing to the market's expansion.

Increasing Prevalence of Thyroid Disorders

The rising incidence of thyroid disorders in South America is a crucial driver for the thyroid disorder market. Recent studies indicate that approximately 10% of the population may be affected by some form of thyroid dysfunction, with conditions such as hypothyroidism and hyperthyroidism becoming increasingly common. This trend is particularly pronounced among women, who are disproportionately affected, with estimates suggesting that they are five to eight times more likely to develop these disorders than men. The growing prevalence necessitates enhanced healthcare services and treatment options, thereby propelling the thyroid disorder market forward. Furthermore, as awareness of these conditions increases, more individuals seek diagnosis and treatment, further expanding the market's potential.

Government Initiatives and Healthcare Policies

Government initiatives aimed at improving healthcare access and quality in South America significantly influence the thyroid disorder market. Various countries in the region have implemented policies to enhance screening programs for thyroid disorders, particularly in rural and underserved areas. For instance, initiatives to provide subsidized healthcare services and medications have been introduced, which may lead to increased diagnosis and treatment rates. Additionally, public health campaigns focusing on the importance of thyroid health are likely to raise awareness and encourage individuals to seek medical advice. These efforts could potentially increase the market size, as more patients are diagnosed and treated for thyroid-related conditions.

Technological Advancements in Treatment Options

The thyroid disorder market is experiencing a transformation due to technological advancements in treatment options. Innovations in pharmaceuticals, such as the development of new synthetic thyroid hormones and targeted therapies, are enhancing treatment efficacy and patient outcomes. Moreover, minimally invasive surgical techniques for thyroidectomy are becoming more prevalent, reducing recovery times and improving patient satisfaction. The introduction of personalized medicine, which tailors treatment based on individual genetic profiles, is also gaining traction. These advancements not only improve the quality of care but also stimulate market growth as healthcare providers adopt these new technologies to better serve their patients.

Market Segment Insights

By Type: Hypothyroidism (Largest) vs. Hyperthyroidism (Fastest-Growing)

In the South America thyroid disorder market, hypothyroidism holds a significant share, dominating the segment due to the higher prevalence of the condition among the population. This is attributed to various factors, including genetic predisposition, lifestyle changes, and dietary deficiencies that contribute to an increased incidence of hypothyroidism. Conversely, hyperthyroidism, while smaller in market share, is witnessing substantial attention and growth as healthcare awareness rises and early diagnosis improves. The growth trends for the thyroid disorder types are being driven by a combination of factors, including advancing medical technologies, improved diagnostic methods, and growing public awareness regarding thyroid health. The healthcare sector is focusing on both conditions, with targeted therapies and patient education initiatives encouraging patients to seek treatment sooner. These factors collectively contribute to a dynamic market environment, particularly for hyperthyroidism, which is on the cusp of significant growth as more individuals are diagnosed and treated.

Hypothyroidism (Dominant) vs. Hyperthyroidism (Emerging)

Hypothyroidism is recognized as the dominant segment within the South America thyroid disorder market, characterized by a substantial patient population and established treatment protocols. It predominantly affects women and is often linked to autoimmune conditions, making the need for routine screenings and long-term management essential. On the other hand, hyperthyroidism is emerging rapidly as a significant segment, driven by an increase in cases linked to lifestyle and health awareness trends. The differentiation in treatment approaches, ranging from medication to thyroidectomy, illustrates the unique challenges and opportunities within both segments. As healthcare providers enhance their focus on thyroid disorders, both hypothyroidism and hyperthyroidism are poised for distinct trajectories within the healthcare landscape.

By Treatment: Medications (Largest) vs. Radioactive iodine therapy (Fastest-Growing)

The treatment segment is primarily dominated by medications, which hold the largest share in addressing thyroid disorders. This is due to the variety of available pharmaceutical options that cater to diverse patient needs, including synthetic hormones and antithyroid drugs. Surgery, while effective, is not as widely utilized due to its invasive nature compared to the oral convenience of medications. Radioactive iodine therapy, though historically significant, remains a smaller segment but is gaining traction as a non-surgical option to manage hyperthyroidism, contributing to its growth in recent years. Growth trends in the treatment segment are notably driven by the increasing prevalence of thyroid disorders, alongside rising awareness and diagnosis rates in South America. The preference for less invasive treatments favors medications and radioactive iodine therapy, as patients opt for convenience and reduced recovery times. Furthermore, advancements in pharmaceutical research and therapeutic techniques are likely to bolster the efficacy and safety of treatments, attracting more patients towards these solutions.

Medications (Dominant) vs. Surgery (Emerging)

Medications serve as the dominant force in the treatment segment for thyroid disorders, providing a range of options that allow for personalized patient care. They include synthetic thyroid hormones and antithyroid medications, which facilitate effective management of hypothyroidism and hyperthyroidism. Surgery, on the other hand, is identified as an emerging treatment option primarily used for severe cases where medications are less effective. While it poses higher risks and requires longer recovery, surgical interventions offer a definitive resolution for certain thyroid issues. The evolving landscape of these treatments demonstrates the importance of balancing patient preferences, efficacy, and safety in the management of thyroid disorders.

By Route of Administration: Oral (Largest) vs. Intravenous (Fastest-Growing)

In the South America thyroid disorder market, the route of administration is primarily dominated by the oral segment, which holds the largest market share. This is largely attributed to the convenience and ease of administration for patients, leading to higher adoption rates. Conversely, the intravenous segment, although smaller, is experiencing rapid growth as it becomes increasingly adopted in clinical settings for cases requiring immediate therapeutic effects. Growth trends within this sector point towards an increasing preference for the oral route due to its non-invasive nature and the growing number of oral formulations being developed. The intravenous segment's growth is driven by advancements in technology and the need for rapid intervention in severe cases. Providers are continuously looking for effective solutions, further bolstering the market dynamics.

Oral (Dominant) vs. Intravenous (Emerging)

The oral route of administration is considered dominant in treating thyroid disorders due to its established effectiveness, patient compliance, and cost-effectiveness. Oral medications often come in user-friendly formats such as tablets and capsules, making them the preferred choice among healthcare providers and patients. On the other hand, the intravenous route is viewed as emerging, particularly in urgent care scenarios where rapid hormonal intervention is required. This route provides a more immediate response, which is crucial for managing acute thyroid conditions. The growing uptake of intravenous therapies reflects the evolving landscape of treatment options and the increasing focus on patient outcomes.

By End-User: Hospitals (Largest) vs. Clinics (Fastest-Growing)

The South America thyroid disorder market shows a diverse competitive landscape among end-users, with hospitals holding the largest market share. Hospitals account for a significant portion of the market due to their comprehensive treatment capabilities and advanced diagnostic tools. In contrast, clinics are rapidly gaining traction as healthcare providers adapt to outpatient treatment models, making them an increasingly important sector in thyroid disorder management. Overall, this distribution highlights the robustness of hospitals while showcasing the evolving dynamics of clinics.

Hospitals (Dominant) vs. Clinics (Emerging)

Hospitals are characterized by their extensive range of services and infrastructure dedicated to managing thyroid disorders, making them the dominant players in this segment. Their ability to offer specialized care and a multidisciplinary approach positions them favorably in the market. On the other hand, clinics, while emerging in the segment, focus on outpatient care and often provide more accessible treatment options. This accessibility drives their growth as patients seek convenient solutions. Clinics can enhance patient engagement and tailored therapies, indicating a shifting trend in the healthcare landscape that favors both types of end-users.

Get more detailed insights about South America Thyroid Disorder Market

Regional Insights

The South America Thyroid Disorder Market is characterized by a diverse set of conditions across its various regions, significantly impacting healthcare policies and practices. Brazil holds a dominant position, reflecting a high prevalence of thyroid disorders influenced by urbanization and lifestyle changes.

Mexico ranks next, where healthcare access and awareness are steadily improving, leading to an increasing diagnosis of thyroid issues. Argentina showcases a growing recognition of thyroid health, propelled by governmental health initiatives aiming to educate the public and improve early detection.

Meanwhile, the Rest of South America segment benefits from regional collaborations and advancements in medical technology that enhance diagnosis and treatment. Overall, these regions present a substantial opportunity for growth, driven by rising healthcare expenditure, increasing incidence rates, and the development of new therapeutic options for managing thyroid disorders.

South America Thyroid Disorder Market Regional Image

Key Players and Competitive Insights

The thyroid disorder market in South America is characterized by a competitive landscape that is increasingly shaped by innovation, strategic partnerships, and regional expansion. Key players such as AbbVie Inc (US), Merck & Co., Inc. (US), and Novartis AG (CH) are actively pursuing strategies that enhance their market presence and operational efficiency. AbbVie Inc (US) focuses on developing novel therapies, which positions it favorably in a market that demands advanced treatment options. Meanwhile, Merck & Co., Inc. (US) emphasizes digital transformation and patient engagement, which are critical in enhancing treatment adherence and outcomes. Novartis AG (CH) is leveraging its extensive research capabilities to innovate in drug development, thereby contributing to a competitive environment that prioritizes cutting-edge solutions.

The business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The market structure appears moderately fragmented, with several players vying for market share. However, the collective influence of major companies like Pfizer Inc (US) and Sanofi S.A. (FR) suggests a trend towards consolidation, as these firms seek to strengthen their foothold through strategic collaborations and acquisitions.

In October 2025, Merck & Co., Inc. (US) announced a partnership with a local biotechnology firm to co-develop a new thyroid medication tailored for the South American market. This collaboration is significant as it not only enhances Merck's product portfolio but also allows for localized insights into patient needs, potentially leading to improved treatment outcomes. Such partnerships are indicative of a broader trend where multinational companies seek to integrate local expertise into their operational strategies.

In September 2025, Novartis AG (CH) launched a new digital health platform aimed at improving patient management for thyroid disorders. This initiative is crucial as it reflects the growing importance of technology in healthcare, particularly in managing chronic conditions. By utilizing digital tools, Novartis is likely to enhance patient engagement and adherence to treatment protocols, which could lead to better health outcomes and increased market share.

In August 2025, AbbVie Inc (US) expanded its research and development facilities in Brazil, focusing on innovative therapies for thyroid disorders. This expansion underscores AbbVie's commitment to the region and its strategy to tap into local talent and resources. By investing in R&D, AbbVie positions itself to lead in the development of next-generation therapies, which may provide a competitive edge in a rapidly evolving market.

As of November 2025, current trends in the thyroid disorder market include a strong emphasis on digitalization, sustainability, and the integration of artificial intelligence in treatment protocols. Strategic alliances are increasingly shaping the competitive landscape, allowing companies to pool resources and expertise. Looking ahead, it appears that competitive differentiation will evolve from traditional price-based strategies to a focus on innovation, technological advancements, and supply chain reliability. This shift may redefine how companies approach market entry and product development, ultimately benefiting patients through improved treatment options.

Key Companies in the South America Thyroid Disorder Market market include

Industry Developments

Recent developments in the South America Thyroid Disorder Market have highlighted a growing focus on enhancing treatment options and expanding the availability of medication. Companies such as GlaxoSmithKline, Bristol-Myers Squibb, and Eli Lilly and Company are actively engaged in research to develop innovative therapies tailored to the specific needs of South American patients.

Notably, in September 2023, Takeda Pharmaceutical Company announced a partnership to enhance the distribution of thyroid-related medications across Brazil, addressing the increasing demand for hyperthyroid and hypothyroid treatments. The market has seen substantial growth, with analysts predicting a rise in valuation attributed to improved healthcare infrastructure and rising healthcare awareness.

Additionally, in August 2023, Roche Holding AG made significant strides in improving diagnostic interventions for thyroid disorders, marking a critical step toward personalized medicine in this region. Over the last couple of years, Amgen Inc. and Sanofi also made efforts to establish local partnerships to streamline clinical trials and expedite approvals for new therapies.

These initiatives reflect a continuous effort to tackle thyroid disorders effectively and provide better healthcare solutions in South America.

Future Outlook

South America Thyroid Disorder Market Future Outlook

The Thyroid Disorder Market is projected to grow at a 4.16% CAGR from 2024 to 2035, driven by increasing prevalence and advancements in treatment options.

New opportunities lie in:

  • Development of telehealth platforms for remote patient monitoring.
  • Investment in AI-driven diagnostic tools for early detection.
  • Expansion of personalized medicine approaches tailored to individual patient profiles.

By 2035, the market is expected to achieve substantial growth, reflecting evolving healthcare needs.

Market Segmentation

South America Thyroid Disorder Market Type Outlook

  • Hypothyroidism
  • Hyperthyroidism

South America Thyroid Disorder Market End-User Outlook

  • Clinics
  • Hospitals
  • Others

South America Thyroid Disorder Market Treatment Outlook

  • Medications
  • Surgery
  • Radioactive iodine therapy

South America Thyroid Disorder Market Route of Administration Outlook

  • Intravenous
  • Oral
  • Other

Report Scope

MARKET SIZE 2024 200.9(USD Million)
MARKET SIZE 2025 209.26(USD Million)
MARKET SIZE 2035 314.41(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.16% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled ["AbbVie Inc (US)", "Bristol-Myers Squibb Company (US)", "Eli Lilly and Company (US)", "GlaxoSmithKline plc (GB)", "Merck & Co., Inc. (US)", "Novartis AG (CH)", "Pfizer Inc. (US)", "Sanofi S.A. (FR)", "Takeda Pharmaceutical Company Limited (JP)"]
Segments Covered Type, Treatment, Route of Administration, End-User
Key Market Opportunities Emerging telehealth solutions enhance access to thyroid disorder management in South America.
Key Market Dynamics Rising prevalence of thyroid disorders in South America drives demand for innovative treatment options and healthcare services.
Countries Covered Brazil, Mexico, Argentina, Rest of South America

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FAQs

What is the estimated size of the South America Thyroid Disorder Market in 2024?

The South America Thyroid Disorder Market is expected to be valued at 353.0 million USD in 2024.

What will the market value of the South America Thyroid Disorder Market be in 2035?

By 2035, the South America Thyroid Disorder Market is projected to reach a value of 522.0 million USD.

What is the expected compound annual growth rate (CAGR) for the South America Thyroid Disorder Market from 2025 to 2035?

The expected CAGR for the South America Thyroid Disorder Market from 2025 to 2035 is 3.62%.

Which region holds the largest market share in the South America Thyroid Disorder Market?

Brazil is expected to hold the largest market share, valued at 150.0 million USD in 2024.

What is the market size for Hypothyroidism in the South America Thyroid Disorder Market for 2024?

The Hypothyroidism segment is valued at 212.0 million USD in 2024 within the South America Thyroid Disorder Market.

What is the projected market size for Hyperthyroidism in 2035?

The Hyperthyroidism segment is projected to reach 213.0 million USD in 2035.

Who are the key players in the South America Thyroid Disorder Market?

Key players include GlaxoSmithKline, Eli Lilly and Company, and Pfizer Inc., among others.

How much is the Thyroid Disorder Market in Mexico expected to grow by 2035?

The Thyroid Disorder Market in Mexico is expected to grow from 85.0 million USD in 2024 to 125.0 million USD in 2035.

What is the expected market value for Argentina by the year 2035?

By 2035, the South America Thyroid Disorder Market value for Argentina is expected to be 90.0 million USD.

What are the main growth drivers for the South America Thyroid Disorder Market?

The main growth drivers include increasing prevalence of thyroid disorders and advancements in healthcare technology.

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