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South Korea Thyroid Disorder Market

ID: MRFR/MED/55236-HCR
200 Pages
Garvit Vyas
October 2025

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

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South Korea Thyroid Disorder Market Summary

As per MRFR analysis, the South Korea thyroid disorder market size was estimated at 62.78 USD Million in 2024. The South Korea thyroid disorder market is projected to grow from 65.76 USD Million in 2025 to 104.65 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.75% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

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

  • Rising awareness and education regarding thyroid disorders are enhancing patient engagement and diagnosis.
  • Advancements in diagnostic technologies are improving the accuracy and speed of thyroid disorder detection.
  • The integration of telemedicine is facilitating remote consultations and follow-ups, particularly benefiting patients in rural areas.
  • The increasing prevalence of thyroid disorders and government initiatives supporting healthcare advancements are key drivers of market growth.

Market Size & Forecast

2024 Market Size 62.78 (USD Million)
2035 Market Size 104.65 (USD Million)

Major Players

AbbVie (US), Bristol-Myers Squibb (US), Eli Lilly (US), Merck & Co (US), Novartis (CH), Pfizer (US), Sanofi (FR), Takeda (JP), AstraZeneca (GB)

South Korea Thyroid Disorder Market Trends

The thyroid disorder market in South Korea 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 providers to enhance screening and treatment options. This heightened focus on thyroid health is reflected in the growing number of patients seeking medical advice and intervention. Furthermore, the integration of telemedicine and digital health solutions is transforming patient engagement, allowing for more accessible consultations and follow-ups. In addition, the South Korean government is actively promoting health initiatives aimed at early detection and management of thyroid disorders. Public health campaigns are raising awareness about the symptoms and risks associated with these conditions, which may lead to earlier diagnosis and improved patient outcomes. As a result, the thyroid disorder market is poised for growth, with an emphasis on innovative therapies and patient-centered care. The ongoing research into the genetic and environmental factors influencing thyroid health further supports the potential for new treatment modalities and preventive strategies in the near future.

Rising Awareness and Education

There is a growing emphasis on public education regarding thyroid disorders in South Korea. Health campaigns are increasingly informing the population about symptoms and risk factors, which may lead to earlier diagnosis and treatment. This trend is likely to enhance patient engagement and encourage individuals to seek medical advice sooner.

Advancements in Diagnostic Technologies

Innovations in diagnostic tools are transforming the thyroid disorder market. Enhanced imaging techniques and laboratory tests are improving the accuracy of diagnoses, allowing for more tailored treatment plans. This trend suggests a shift towards precision medicine, where therapies are customized based on individual patient profiles.

Integration of Telemedicine

The adoption of telemedicine is reshaping how patients interact with healthcare providers in the thyroid disorder market. Virtual consultations are becoming more common, facilitating access to specialists and reducing barriers to care. This trend may lead to improved patient adherence to treatment regimens and follow-up care.

South Korea Thyroid Disorder Market Drivers

Rising Geriatric Population

The increasing geriatric population in South Korea is a significant driver for the thyroid disorder market. As individuals age, the risk of developing thyroid disorders tends to rise, with studies indicating that older adults are more susceptible to conditions such as hypothyroidism. This demographic shift is expected to lead to a higher demand for thyroid-related healthcare services and treatments. The thyroid disorder market is likely to expand as healthcare systems adapt to meet the needs of this aging population, which may include more frequent screenings and tailored treatment plans. Additionally, the growing awareness of thyroid health among older adults is likely to contribute to earlier diagnosis and intervention, further propelling market growth. Stakeholders in the thyroid disorder market must consider this demographic trend when developing strategies to address the unique needs of geriatric patients.

Government Initiatives and Support

Government initiatives aimed at improving healthcare access and awareness are playing a pivotal role in shaping the thyroid disorder market. In South Korea, various health campaigns have been launched to educate the public about thyroid health, which has led to increased screening and diagnosis rates. The government has also implemented policies to subsidize treatment costs, making it more affordable for patients to access necessary medications and therapies. This support is crucial, as it encourages more individuals to seek medical attention for thyroid-related issues. As a result, the thyroid disorder market is likely to experience growth driven by enhanced patient access to care and treatment options. Additionally, collaboration between government bodies and healthcare providers may lead to the development of more comprehensive care programs, further benefiting the thyroid disorder market.

Increased Focus on Preventive Healthcare

The growing emphasis on preventive healthcare in South Korea is emerging as a key driver for the thyroid disorder market. With a shift towards proactive health management, more individuals are seeking regular check-ups and screenings for thyroid disorders. This trend is supported by public health campaigns that promote awareness of the importance of early detection and treatment. As a result, the thyroid disorder market is likely to see an increase in demand for diagnostic tests and preventive measures. Healthcare providers are responding by offering comprehensive screening programs and educational resources to help patients understand their thyroid health. This focus on prevention not only aids in early diagnosis but also contributes to better long-term health outcomes, thereby driving growth in the thyroid disorder market.

Increasing Prevalence of Thyroid Disorders

The rising incidence of thyroid disorders in South Korea is a critical driver for the thyroid disorder market. Recent studies indicate that approximately 30% of the population may experience some form of thyroid dysfunction, with conditions such as hypothyroidism and hyperthyroidism becoming increasingly common. This growing prevalence necessitates enhanced healthcare services and treatment options, thereby expanding the market. The thyroid disorder market is likely to see a surge in demand for diagnostic tests and therapeutic interventions. Healthcare providers aim to address the needs of this significant patient population. Furthermore, the increasing awareness of thyroid health among the public is expected to contribute to early diagnosis and treatment, further propelling market growth. As a result, stakeholders in the thyroid disorder market are focusing on innovative solutions to cater to this expanding demographic.

Technological Advancements in Treatment Options

Technological advancements in treatment options are significantly influencing the thyroid disorder market. Innovations in pharmaceuticals, such as the development of new medications and therapies, are providing patients with more effective and targeted treatment choices. For instance, the introduction of novel hormone replacement therapies has improved the management of hypothyroidism, leading to better patient outcomes. Furthermore, advancements in surgical techniques for thyroidectomy are enhancing the safety and efficacy of procedures. The thyroid disorder market is expected to benefit from these technological improvements, as they not only enhance treatment efficacy but also reduce recovery times for patients. As healthcare providers adopt these new technologies, the overall quality of care for thyroid disorders is likely to improve, driving market growth in South Korea.

Market Segment Insights

Thyroid Disorder Market Type Insights

The South Korea Thyroid Disorder Market is poised for notable growth, driven primarily by the increasing prevalence of conditions such as Hypothyroidism and Hyperthyroidism. Both conditions are significant contributors to the overall market, reflecting a keen awareness and growing diagnosis rate among the population.

Hypothyroidism, characterized by an underactive thyroid, affects a substantial portion of individuals, particularly women, which makes it a dominant concern in clinical settings. The rising awareness regarding the symptoms, such as fatigue and weight gain, has led to an increase in screening and diagnosis, creating demand for effective treatment options.

Conversely, Hyperthyroidism, marked by an overactive thyroid, presents equally pressing challenges, with symptoms including anxiety and weight loss that impact the daily lives of those affected. The South Korean healthcare system has shown its commitment to providing adequate treatment options for both conditions, including medications and emerging therapies.

Trends indicate that with advancements in technology and a focus on preventive healthcare, there is an upward trend in the identification and management of thyroid disorders. Furthermore, the South Korean population's increasing focus on health and wellness, fortified by government health initiatives and campaigns, is paving the way for the Thyroid Disorder Market to expand significantly.

Healthcare professionals in South Korea are emphasizing holistic management approaches for both Hypothyroidism and Hyperthyroidism, catering to the psychological and physical well-being of patients. The integration of digital health solutions, such as telemedicine and personalized medicine, is also proving advantageous in facilitating better access to care and ongoing monitoring for patients with these disorders.

Thyroid Disorder Market Treatment Insights

The Treatment segment of the South Korea Thyroid Disorder Market plays a pivotal role in addressing the growing prevalence of thyroid disorders within the region. With the government's focus on enhancing healthcare services and increasing public awareness, there is a notable shift towards comprehensive treatment modalities.

Medications are a primary mode of treatment, often utilized for managing conditions such as hypothyroidism and hyperthyroidism, leading to significant patient compliance and improved quality of life. Radioactive Iodine Therapy is increasingly recognized for its effectiveness in treating hyperthyroidism and thyroid cancer, making it a favored choice among healthcare providers.

Meanwhile, Surgery, particularly thyroidectomy, remains a dominant approach for patients with significant nodular growth or malignancy, given its potential to provide long-term relief. The robust healthcare infrastructure and the rising demand for advanced therapeutic options are crucial drivers in this segment.

As the South Korean population ages and the incidence of thyroid conditions grows, the Treatment segment is projected to advance further, presenting opportunities for innovation and improved healthcare outcomes in the region.

Thyroid Disorder Market Route of Administration Insights

The Route of Administration segment within the South Korea Thyroid Disorder Market plays a pivotal role in defining treatment modalities and patient adherence. Oral administration remains a predominant choice due to its convenience and patient preference, making it a vital option for chronic conditions like thyroid disorders.

Intravenous methods, although less commonly used, are significant in acute cases or when rapid drug action is necessary. Other administration routes, such as subcutaneous or intramuscular, may also be employed depending on patient-specific needs and clinical scenarios. The overall trend in South Korea reflects a growing emphasis on patient-centered care, driving innovations in drug delivery systems.

The increasing prevalence of thyroid disorders, supported by robust healthcare infrastructure and advancements in medical technologies, ensures that the Route of Administration remains a critical focus. As the industry continues to evolve, addressing challenges related to medication compliance and the development of more efficient delivery methods will be essential to optimizing treatment outcomes in the region.

Thyroid Disorder Market End User Insights

The South Korea Thyroid Disorder Market exhibits robust segmentation within the End User category, comprising Hospitals, Clinics, and other healthcare facilities. Hospitals play a pivotal role in managing complex thyroid conditions, offering advanced diagnostic tools and treatment options, which contribute significantly to patient care. The presence of specialized departments enhances the overall efficiency of treatment processes.

Clinics, on the other hand, facilitate timely healthcare access for patients seeking diagnosis and routine check-ups for thyroid disorders, thus promoting early detection and management. Other healthcare settings, such as outpatient facilities, are also essential as they provide additional support for preventive care and follow-up services.

The growing awareness of thyroid health, paired with rising incidences of thyroid-related disorders in South Korea, enhances the importance of these facilities. The South Korea Thyroid Disorder Market is projected to benefit from an increasing demand for comprehensive healthcare services, driven by the aging population and lifestyle changes, presenting numerous opportunities for growth across these ser segments.

As the industry evolves, innovations in treatment protocols and patient management are expected to emerge, addressing the specific needs within this segment.

Get more detailed insights about South Korea Thyroid Disorder Market

Key Players and Competitive Insights

The thyroid disorder market in South Korea is characterized by a competitive landscape that is increasingly shaped by innovation, strategic partnerships, and regional expansion. Key players such as AbbVie (US), Merck & Co (US), and Novartis (CH) are actively pursuing strategies that enhance their market presence and operational efficiency. AbbVie (US) focuses on developing novel therapies, particularly in autoimmune thyroid disorders, while Merck & Co (US) emphasizes digital transformation to streamline its operations and improve patient engagement. Novartis (CH) is leveraging its strong research capabilities to introduce advanced treatment options, thereby positioning itself as a leader in the market. Collectively, these strategies contribute to a dynamic competitive environment, where innovation and strategic alignment are paramount.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The competitive structure of the thyroid disorder market appears moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for a diverse range of treatment options, yet it also necessitates that companies differentiate themselves through unique value propositions and operational efficiencies.

In October 2025, AbbVie (US) announced a collaboration with a local biotech firm to develop a new treatment for Hashimoto's thyroiditis. This partnership is strategically significant as it not only enhances AbbVie's research capabilities but also allows for localized clinical trials, potentially accelerating the time to market for new therapies. Such collaborations may also foster innovation by integrating local insights into product development.

In September 2025, Merck & Co (US) launched a digital health platform aimed at improving patient adherence to thyroid medication regimens. This initiative reflects a growing trend towards digitalization in healthcare, where technology is utilized to enhance patient outcomes. By investing in digital health solutions, Merck & Co (US) positions itself as a forward-thinking player in the market, likely improving its competitive edge through enhanced patient engagement and data analytics.

In August 2025, Novartis (CH) expanded its portfolio by acquiring a small pharmaceutical company specializing in thyroid hormone replacement therapies. This acquisition is indicative of Novartis's commitment to strengthening its market position through strategic mergers and acquisitions. By integrating new technologies and expertise, Novartis (CH) aims to enhance its product offerings and address unmet medical needs in the thyroid disorder space.

As of November 2025, current competitive trends in the thyroid disorder market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence (AI) into treatment protocols. Strategic alliances are becoming more prevalent, allowing companies to pool resources and expertise to drive innovation. The competitive landscape is likely to evolve from traditional price-based competition towards a focus on technological advancements, innovative treatment solutions, and reliable supply chains. This shift underscores the importance of differentiation through innovation and operational excellence, which will be critical for companies aiming to thrive in this dynamic market.

Key Companies in the South Korea Thyroid Disorder Market market include

Industry Developments

Recent developments in the South Korea Thyroid Disorder Market have indicated a growing focus on enhancing treatment options and improving patient access to therapies. Companies such as Pfizer Inc and Bristol-Myers Squibb Company are actively working on innovative solutions for thyroid disorders, particularly in developing effective therapeutics.

The market has seen an increase in the valuation of companies involved in this sector, as heightened awareness around thyroid health has led to increased demand for medications. Notably, in September 2023, Merck KGaA announced collaborations aimed at enhancing its thyroid disorder product line.

There have been no significant mergers or acquisitions among the specified companies, suggesting a current trend focused on strategic partnerships instead of consolidation. Over the past two years, initiatives to enhance patient education and support systems have gained momentum, particularly with organizations like Gilead Sciences Inc and Eli Lilly and Company participating in community outreach programs.

South Korea's commitment to managing chronic conditions, including thyroid disorders, positions the market for future growth as healthcare policies increasingly prioritize preventative and therapeutic measures. This trend illustrates the evolving landscape of the thyroid disorder market in South Korea, reflecting both company strategies and government health initiatives.

Future Outlook

South Korea Thyroid Disorder Market Future Outlook

The Thyroid Disorder Market is projected to grow at a 4.75% compound annual growth rate (CAGR) from 2024 to 2035, driven by increasing prevalence, advancements in diagnostics, and enhanced 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 dynamics.

Market Segmentation

South Korea Thyroid Disorder Market Type Outlook

  • Hypothyroidism
  • Hyperthyroidism

South Korea Thyroid Disorder Market End-User Outlook

  • Clinics
  • Hospitals
  • Others

South Korea Thyroid Disorder Market Treatment Outlook

  • Medications
  • Surgery
  • Radioactive iodine therapy

South Korea Thyroid Disorder Market Route of Administration Outlook

  • Intravenous
  • Oral
  • Other

Report Scope

MARKET SIZE 2024 62.78(USD Million)
MARKET SIZE 2025 65.76(USD Million)
MARKET SIZE 2035 104.65(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.75% (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 (US), Bristol-Myers Squibb (US), Eli Lilly (US), Merck & Co (US), Novartis (CH), Pfizer (US), Sanofi (FR), Takeda (JP), AstraZeneca (GB)
Segments Covered Type, Treatment, Route of Administration, End-User
Key Market Opportunities Emerging telehealth solutions enhance access to thyroid disorder management in South Korea.
Key Market Dynamics Rising prevalence of thyroid disorders drives demand for innovative treatment options and diagnostic technologies in South Korea.
Countries Covered South Korea

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FAQs

What is the expected market size of the South Korea Thyroid Disorder Market in 2024?

The South Korea Thyroid Disorder Market is expected to be valued at 50.6 million USD in 2024.

What will be the market size of the South Korea Thyroid Disorder Market by 2035?

By 2035, the South Korea Thyroid Disorder Market is projected to reach a value of 125.0 million USD.

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

The expected CAGR for the South Korea Thyroid Disorder Market from 2025 to 2035 is 8.569%.

What are the market values for Hypothyroidism and Hyperthyroidism in 2024?

In 2024, the market for Hypothyroidism is valued at 30.2 million USD and Hyperthyroidism at 20.4 million USD.

How much will the Hypothyroidism and Hyperthyroidism market segments be worth in 2035?

By 2035, the Hypothyroidism market is expected to be valued at 73.5 million USD, while Hyperthyroidism is projected to reach 51.5 million USD.

Who are the major players in the South Korea Thyroid Disorder Market?

Key players in the South Korea Thyroid Disorder Market include Pfizer Inc, BristolMyers Squibb Company, and Gilead Sciences Inc, among others.

What is the expected growth rate of the South Korea Thyroid Disorder Market by application type from 2025 to 2035?

The South Korea Thyroid Disorder Market is anticipated to grow significantly across both Hypothyroidism and Hyperthyroidism applications during the forecast period.

What are the primary growth drivers for the South Korea Thyroid Disorder Market?

The primary growth drivers include increasing prevalence of thyroid disorders, rising awareness, and advancements in treatment options.

What challenges does the South Korea Thyroid Disorder Market currently face?

Challenges facing the South Korea Thyroid Disorder Market include high treatment costs and limited access to specialized care.

What emerging trends could influence the South Korea Thyroid Disorder Market?

Emerging trends include a shift towards personalized medicine and the development of new therapies targeting thyroid disorders.

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