The Vitamin D Therapy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vitamin D Therapy Global Market Report 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.
An increased prevalence of malnutrition cases is expected to propel the growth of the vitamin D therapy market going forward. Malnutrition refers to deficiencies or excesses in nutrient intake, imbalances of essential nutrients, or impaired nutrient utilization. Vitamin D deficiency is highly prevalent in the population of malnourished inpatients and is negatively associated with long-term mortality, particularly when patients are not receiving vitamin D treatment. Thus, the increased prevalence of malnutrition cases creates demand for vitamin D therapy. For instance, in June 2021, according to an article by the World Health Organization, a Switzerland-based agency working to promote health, keep the world safe, and serve the vulnerable, around 1.9 billion adults are overweight or obese, while 462 million are underweight globally in 2020, And around 149 million children under 5 were estimated to be stunted, 45 million were estimated to be wasted, and 38.9 million were overweight or obese. Therefore, the increasing prevalence of malnutrition cases is driving the growth of the vitamin D therapy market.
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The 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
Product innovations are a key trend gaining popularity in the vitamin D therapy market. Major companies operating in the vitamin D therapy market are introducing innovative products to sustain their position in the market. For instance, in February 2021, DSM Pharma Solutions, a Netherlands-based pharmaceutical company, launched a new vitamin D3 powder. Vitamin D3 is associated with bone and muscle health and plays a role in supporting healthy immune function. Getting sufficient levels of vitamin D in the body can be challenging due to limited food sources and a person’s direct exposure to sunlight. Even with an intake of traditional vitamin D supplements like D3 or fortified foods, it can still take several months to achieve healthy vitamin D levels in the bloodstream, the company argues. Vitamin D3 is associated with bone and muscle health and plays a role in supporting healthy immune function.
The vitamin d therapy market report table of contents includes:
1. Executive Summary
2. Vitamin D Therapy Market Characteristics
3. Vitamin D Therapy Market Trends And Strategies
4. Vitamin D Therapy Market – Macro Economic Scenario
5. Global Vitamin D Therapy Market Size and Growth
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26. South America Vitamin D Therapy Market
27. Brazil Vitamin D Therapy Market
28. Middle East Vitamin D Therapy Market
29. Africa Vitamin D Therapy Market
30. Vitamin D Therapy Market Competitive Landscape And Company Profiles
Top Major Players:
- bbott Laboratories
- Sanofi SA
- GlaxoSmithKline PLC
- Pfizer Inc
- Merck & Co Inc
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