Vitamin D Therapy Global Market 2024 - Increasing Demand, Emerging Trends, Growth Opportunity And Outlook 2033

The Business Research Company recently released a comprehensive report on the Global Vitamin D Therapy Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:

Increasing prevalence of chronic diseases is expected to propel the demand for the vitamin D therapy market going forward. Chronic disease is ongoing, progresses, and usually gets worse over time if no lifestyle adjustments are undertaken. Alzheimer's disease, rheumatoid arthritis, Parkinson's disease, and cancer are all examples of chronic diseases. Vitamin D therapy plays a crucial role in managing chronic diseases by addressing the associated complications and supporting overall health. Numerous studies highlight the link between vitamin D deficiency and an increased risk of chronic conditions such as cardiovascular diseases, diabetes, and certain cancers. Adequate vitamin D levels contribute to immune system regulation, cardiovascular health, and metabolic function. Individuals with chronic diseases often exhibit lower levels of vitamin D, and supplementation is recognized as a valuable adjunct in their management. For instance, according to National Cancer Institute (NCI), a US-based federal government's principal agency for cancer research and training. In 2020, there were 1,806,590 new cases of cancer were diagnosed in the United States and 606,520 people died from the disease. Also by 2040, the number of new cancer cases per year is predicted to reach 29.5 million, with 16.4 million cancer-related deaths. By 2030, the number of cancer survivors is expected to reach 22.2 million. Therefore, increasing chronic diseases are driving the growth of the vitamin D therapy market.

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.

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Major Key Players of the Market:

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.

Vitamin D Therapy Market 2024 Key Insights:

• 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 Surge In Vitamin D Therapy Market Fueled By The Rising Prevalence Of Malnutrition
• Dsm Pharma Solutions Pioneers Vitamin D Therapy Market With New Vitamin D3 Powder For Immune And Musculoskeletal Health
• North America was the largest region in the vitamin D therapy market share in 2023

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