Global Vitamin D Therapy market report 2024, Forecast To 2033
4 Mar, 2024
The vitamin d therapy market size has grown rapidly in recent years. It will grow from $2.63 billion in 2023 to$2.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increasing awareness of vitamin d deficiency, growing incidence of bone disorders, aging population and osteoporosis prevalence, scientific research highlighting benefits, increase in lifestyle-related diseases, medical recommendations for supplementation. The vitamin d therapy market size is expected to see rapid growth in the next few years. It will grow to $4.8 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to continued awareness and education, rising geriatric population, integration of vitamin d in chronic disease management, technological advances in formulations, global health initiatives, increased focus on personalized nutrition. Major trends in the forecast period include expanding applications beyond bone health, government initiatives for supplementation, innovations in formulations and delivery methods, focus on clinical research and evidence-based practices, global market expansion.
Global Vitamin D Therapy Market Key Driver
The vitamin D therapy market is witnessing significant growth propelled by the escalating prevalence of malnutrition cases globally. Malnutrition, characterized by nutrient deficiencies or imbalances, poses a significant public health challenge worldwide. Vitamin D deficiency, prevalent among malnourished individuals, underscores the critical need for vitamin D therapy to mitigate health risks. With billions affected by malnutrition, the demand for vitamin D therapy is poised to surge. Insights from the World Health Organization highlight the alarming prevalence of malnutrition, emphasizing the pivotal role of vitamin D therapy in addressing nutritional deficiencies. Thus, the increasing prevalence of malnutrition cases acts as a key driver propelling the growth of the vitamin D therapy market.
Get A Free Sample Of The Global Vitamin D Therapy Market ReportGlobal Vitamin D Therapy Market Segments
The global vitamin d therapy market covered in this report is segmented –
1) By Administration: Oral, Parenteral
2) By Purchasing: OTC Drugs, Prescription Grugs
3) By Age Group: Children, Adults, Senior Adults
4) By Application: Osteoporosis, Rickets, Skin Diseases, Muscle Weakness, Autoimmune Disorders
By Geography: The regions covered in the vitamin d therapy market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the vitamin D therapy market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin d therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Vitamin D Therapy Industry Players
Abbott Laboratories, Sanofi SA, GlaxoSmithKline PLC, Pfizer Inc., Merck & Co Inc., Torrent Pharmaceuticals Ltd., Novartis International AG, Alkem Laboratories Ltd., Sun Pharmaceutical Industries Ltd., Cadila Healthcare Ltd., Biotics Research Corporation, Solvay Pharma India Pvt. Ltd., Forgo Pharmaceuticals Ltd., Mankind Pharmaceuticals Pvt. Ltd., Cipla Ltd., Ortho Molecular Products, Zhejiang Garden Biochemical High-tech Co. Ltd., Glenmark Pharmaceuticals Ltd., Dr. Reddy's Laboratories Ltd., Emcure Pharmaceuticals Ltd., Intas Pharmaceuticals Ltd., Lupin Ltd., Macleods Pharmaceuticals Ltd., Mylan N.V., Sunovion Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd., Biocare Medical LLC, Mitsubishi Chemical Group, Zydus Cadila, DSM Nutritional Products AG, BASF SE, Fermenta Biotech Ltd., Taizhou Hisound Pharmaceutical Co. Ltd.
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Vitamin D Therapy Market Overview
Vitamin D therapy refers to supplements that are commonly used to treat and prevent vitamin D deficiency. Vitamin D therapy helps regulate calcium and phosphorus in the body. It also plays a role in maintaining proper bone structure. Vitamin D supplementation may help people with depression who also have a vitamin D deficiency.
Vitamin D Therapy Global Market Report 2023 provides data on the global vitamin d therapy market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vitamin d therapy market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.