Press release
Digestive Enzymes Market Demands, Regional and Global Analysis, Industry Size, Trends and Revenue by Forecast 2029
Digestive Enzymes Market
The global digestive enzymes market is expected to witness significant growth during the forecast period. Numerous factors, such as changing lifestyles, hectic work schedules, and overtime at workplaces, are foremost consumers towards packaged food, which often results in digestive problems. The demographic trend toward an aging population represents a rising need for managing disorders, such as gastrointestinal tract obstructions. COVID-19 also had a major impact on the market growth.
Data Bridge Market Research analyses a growth rate in the global digestive enzymes market in the forecast period 2029. The expected CAGR of global digestive enzymes market is tend to be around 9.2% in the mentioned forecast period. The market was valued at USD 699.40 million in 2021, and it would grow upto USD 1414.19 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Opportunities
Higher Cases of Gastrointestinal Disorders
Growing cases of gastrointestinal disorders worldwide is one of the major drivers contributing to the segment growth. For instance, as per the study titled, "Worldwide Prevalence and Burden of Functional Gastrointestinal Disorders, Results of Rome Foundation Global Study" published in January 2021, above 40.0% of people worldwide have functional gastrointestinal disorders which affect quality of life and health care use. This is another factor expected to drive growth of the digestive enzymes market.
Higher Demand of Growth Strategies
Several key players are involved in numerous growth strategies, such as collaborations, partnerships, agreements, and mergers and acquisitions, that are projected to boost the market. For instance, in May 2020, Nestlé Health Science (NHSc) declared the successful completion of the asset purchase of Zenpep and Viokace, expanding NHSc's portfolio. ZENPEP and VIOKACE, available in the U.S., are a combination of porcine-derived lipases, proteases, and amylases indicated for the treatment of exocrine pancreatic insufficiency.
Segmentation:
The global digestive enzymes market is segmented on the basis of drugs, indication, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Drugs
Pancrelipase
Lactase
Others
Indication
Pancreatic Exocrine Dysfunction
Cystic Fibrosis
Chronic Pancreatitis
Others
End User
Hospitals
Homecare
Specialty Clinics
Others
Distribution Channel
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Key Market Players:
Mylan N.V. (U.S.)
Teva Pharmaceutical Industries Ltd. (Israel)
Sanofi (France)
Pfizer Inc. (U.S.)
Novartis AG (Switzerland)
Bayer AG (Germany)
Abbott (U.S.)
AbbVie Inc. (U.S.)
Merck KGaA (Germany)
Sun Pharmaceutical Industries Ltd. (India)
Aurobindo Pharma (India)
Lupin (India)
Hikma Pharmaceuticals PLC (U.K.)
VIVUS LLC. (U.S.)
Amano Enzyme USA Co., Ltd. (Japan)
Trumac Healthcare (India)
Attractions of The Digestive Enzymes Market Report: -
Latest market dynamics, development trends and growth opportunities are presented along with industry barriers, developmental threats and risk factors
The forecast Digestive Enzymes Market data will help in the feasibility analysis, market size estimation and development
The report serves as a complete guide which micro monitors all vital Digestive Enzymes Market
A concise market view will provide ease of understanding.
Nut Oil Market Competitive market view will help the players in making a right move
Key Questions Answered
What impact does COVID-19 have made on Global Digestive Enzymes Market Growth & Sizing?
Who are the Leading key players and what are their Key Business plans in the Global Digestive Enzymes Market?
What are the key concerns of the five forces analysis of the Global Digestive Enzymes Market?
What are different prospects and threats faced by the dealers in the Global Digestive Enzymes Market?
What are the strengths and weaknesses of the key vendors?
Browse More Info @ https://www.databridgemarketresearch.com/reports/global-digestive-enzymes-market
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Data Bridge Market Research
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About Us:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
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