Drug Price Trends for NIVA THYROID

Average Pharmacy Cost for NIVA THYROID

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
NIVA THYROID 60 MG TABLET	75834-0312-01	0.62585	EACH	2024-12-18
NIVA THYROID 90 MG TABLET	75834-0313-01	0.94307	EACH	2024-12-18
NIVA THYROID 30 MG TABLET	75834-0311-01	0.56977	EACH	2024-12-18
NIVA THYROID 120 MG TABLET	75834-0314-01	1.15000	EACH	2024-12-18
NIVA THYROID 15 MG TABLET	75834-0310-01	0.49836	EACH	2024-12-18
NIVA THYROID 120 MG TABLET	75834-0314-01	1.08290	EACH	2024-11-20

Market Analysis and Price Projections for Niva Thyroid

Market Overview of Thyroid Gland Disorders Treatment

The market for thyroid gland disorders treatment is experiencing significant growth, driven by the increasing prevalence of thyroid disorders and the expanding geriatric population. Here are some key points to consider:

• Global Market Size and Growth: The global thyroid gland disorders treatment market was valued at US$ 2.2 billion in 2022 and is projected to reach US$ 3.3 billion by 2031, growing at a CAGR of 4.7% from 2023 to 2031[1].
• Prevalence of Thyroid Disorders: The rise in thyroid disorders such as hypothyroidism and hyperthyroidism is a major driver of this market. Hypothyroidism, in particular, held the largest share in 2022[1].

Niva Thyroid: Product Overview

Niva Thyroid, also known as thyroid desiccated, is a medication used to treat various thyroid-related conditions, including Hashimoto's disease, hypothyroidism, and thyroid cancer.

• Usage: It is commonly prescribed to replace the thyroid hormone in patients with hypothyroidism or to treat conditions where the thyroid gland is underactive[2].

Price Analysis of Niva Thyroid

The pricing of Niva Thyroid can vary based on several factors, including the dosage, pharmacy, and availability of discounts or patient assistance programs.

• Current Pricing:
  • For a 15 mg oral tablet, the cost is around $85 for a supply of 100 tablets. However, prices can range from $0.85 to $1.90 per tablet depending on the dosage and pharmacy[2].
  • Here is a breakdown of the prices for different dosages:
  • 15 mg: $85.16 for 100 tablets
  • 30 mg: $38.93 for 100 tablets
  • 60 mg: $37.47 for 100 tablets
  • 90 mg: $164.11 for 100 tablets
  • 120 mg: $190.45 for 100 tablets[2].

Discounts and Patient Assistance Programs

• Discounts and Coupons: Patients can benefit from various discounts, coupons, and copay cards that can reduce the cost of Niva Thyroid. For example, using a discount card can lower the price to around $0.86 per tablet for a 30-tablet supply[5].
• Patient Assistance Programs: While there are no specific patient assistance programs listed for Niva Thyroid, patients may be able to find assistance through other programs or by consulting their healthcare provider[2].

Market Trends and Projections

• Growing Demand: The increasing prevalence of thyroid disorders is driving the demand for thyroid medications, including Niva Thyroid. Factors such as genetic predisposition, environmental influences, and lifestyle changes are contributing to this trend[3].
• Regional Market: North America is estimated to dominate the thyroid gland disorders treatment market in the coming years, which could impact the pricing and availability of Niva Thyroid in this region[1].

Competitive Landscape

The market for thyroid gland disorders treatment is competitive, with several major pharmaceutical companies involved, such as Merck KGaA, Pfizer, Inc., Takeda Pharmaceutical Company Ltd., and Novartis AG. This competition can influence pricing strategies and the availability of discounts or patient assistance programs[1].

Future Market Projections

• Injectable Thyroid Drugs: The global injectable thyroid drug market, while distinct from oral medications like Niva Thyroid, is also growing. It is projected to increase from US$ 439.65 million in 2024 to US$ 765.4 million by 2034, at a CAGR of 5.7%[3].
• Overall Thyroid Treatment Market: The broader thyroid gland disorders treatment market is expected to continue growing, driven by the increasing prevalence of thyroid disorders and advancements in treatment options.

Key Takeaways

• Market Growth: The thyroid gland disorders treatment market is growing due to the rising prevalence of thyroid disorders.
• Pricing: Niva Thyroid prices vary by dosage and pharmacy, with discounts and patient assistance programs available to reduce costs.
• Regional Dominance: North America is expected to dominate the market in the coming years.
• Competitive Landscape: The market is competitive, with several major pharmaceutical companies involved.

FAQs

1. What is Niva Thyroid used for? Niva Thyroid is used to treat various thyroid-related conditions, including Hashimoto's disease, hypothyroidism, and thyroid cancer.

2. How much does Niva Thyroid cost? The cost of Niva Thyroid varies by dosage but generally ranges from $0.85 to $1.90 per tablet for a supply of 100 tablets.

3. Are there any discounts or patient assistance programs available for Niva Thyroid? Yes, patients can benefit from discounts, coupons, and copay cards. However, there are no specific patient assistance programs listed for Niva Thyroid.

4. What is driving the growth of the thyroid gland disorders treatment market? The growth is driven by the increasing prevalence of thyroid disorders, the expanding geriatric population, and factors such as genetic predisposition, environmental influences, and lifestyle changes.

5. Which region is expected to dominate the thyroid gland disorders treatment market? North America is estimated to dominate the market in the coming years.

Sources

1. Transparency Market Research - Thyroid Gland Disorders Treatment Market Size, Demand - 2031
2. Drugs.com - Niva Thyroid Prices, Coupons, Copay Cards & Patient Assistance
3. Future Market Insights - Injectable Thyroid Drug Market Share, Trend & Forecast 2034 | FMI
4. Nova One Advisor - U.S. Nuclear Medicine Market Size | Companies
5. PharmacyChecker.com - Niva Thyroid Prices - U.S. & International | PharmacyChecker.com