The global Graves ophthalmopathy (GO) treatment market growth  was valued at US$ 2.09 billion in 2024 and is projected to reach US$ 3.01 billion by 2033, growing at a CAGR of 4.2% during the forecast period.

Download Sample PDF:

Market Overview

Graves ophthalmopathy, also known as thyroid eye disease (TED), is a serious autoimmune condition affecting the orbit around the eyes. It is clinically relevant in 25–50% of patients with Graves' disease and 2% of patients with chronic thyroiditis. The age-adjusted annual incidence of clinically relevant GO is 16 per 100,000 population in women and 2.9 in men.

Advancements in treatment options, a strong pipeline of products, increasing disease awareness, and growing global incidence are driving the market's transformation. Companies like Viridian Therapeutics, Immunovant, and Argenx are developing next-generation biologics aimed at reducing costs, increasing convenience, and improving safety profiles. These formats are expected to penetrate underserved and outpatient markets.

Market Segmentation

• By Medication: Monoclonal Antibodies, Corticosteroids, Antithyroid Medications, and Others
  
  

• By Disease Severity: Mild, Moderate, and Severe
  
  

• By End-User: Hospitals, Specialty Clinics, Academic and Research Institutes, and Others
  
  

• By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
  
  

Regional Insights

• North America: Expected to dominate the global Graves ophthalmopathy treatment market with a 42.73% share in 2024. The region's dominance is attributed to early adoption of advanced therapies, strong healthcare infrastructure, and significant R&D investment. The U.S. also leads in clinical trials and regulatory approvals.
  
  

Key Market Drivers

• Pipeline Innovation: The rising number of pipeline products is significantly driving market growth. The approval of Tepezza (teprotumumab) in 2020 marked the first targeted biologic therapy and opened the floodgates for R&D investment in TED.
  
  

• Tepezza’s limitations, such as IV-only administration, high cost, and side effects, have created an opportunity for innovation, accelerating the development of next-generation therapies that are subcutaneous, oral, or have novel mechanisms of action.
  
  

Leading Market Players

• Amgen Inc.
  
  

• Immunovant, Inc.
  
  

• Viridian Therapeutics, Inc.
  
  

• Argenx
  
  

• Tourmaline Bio, Inc.
  
  

• F. Hoffmann-La Roche Ltd
  
  

• Sling Therapeutics
  
  

These companies focus on product development, acquisitions, and collaborations to advance therapies and expand market presence.

Recent Industry Developments

• January 2025: Sling Therapeutics announced topline efficacy and safety data from the Phase 2b/3 LIDS trial of linsitinib in patients with active, moderate to severe TED.
  
  

• May 2025: Viridian Therapeutics announced that the U.S. FDA granted Breakthrough Therapy Designation to veligrotug, the company’s lead anti-insulin-like growth factor-1 receptor (IGF-1R) drug candidate for the treatment of TED.
  
  

Conclusion

The Graves ophthalmopathy treatment market is poised for significant growth through 2033, driven by advancements in treatment options, a robust pipeline of next-generation biologics, and increasing disease awareness. With North America's dominance and rapid developments in pipeline therapies, the market is expected to witness continued innovation and expansion.