Vitamin D deficiency is a condition, in which vitamin D in the body reduces over a period of time due to daily habits or underlying conditions.
Vitamin D Deficiency Treatment Market: Introduction
- Vitamin D deficiency is a condition, in which vitamin D in the body reduces over a period of time due to daily habits or underlying conditions
- Vitamin D deficiency treatment aids patients through various treatment procedures
- The treatment is very essential as vitamin D is one of the important vitamins the body requires for improving health problems and treating other underlying diseases
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Key Drivers, Restraints, and Opportunities of Global Vitamin D Deficiency Treatment Market
- Vitamin D deficiency treatment is quite essential, as it keeps the bones strong, provides improved calcium absorption, prevents heart diseases, and treats diabetes. Some types of cancer (colon and breast) can also be treated with vitamin D. Hence, rise in prevalence of diseases drives the demand for vitamin D deficiency treatment.
- Around 1 billion individuals are vitamin D deficient or either have insufficient amount of the vitamin D. This leads to several underlying health problems, which require treatment. Hence, rise in need of vitamin D deficiency treatment to prevent other health complications caused due to deficiency of vitamin D, which increases prevalence of vitamin D deficiency is likely to augment the global market.
- However, people in developing countries do not test for vitamin D levels and are unaware of vitamin D deficiency treatments. This is expected to hamper the growth of the global market.
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Asia Pacific to Capture Major Share of Global Vitamin D Deficiency Treatment Market
- In terms of region, the global vitamin D deficiency treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America is projected to account for large share of the global vitamin D deficiency treatment market due to presence of well-established companies. Around 42% of the population of the U.S. is vitamin D deficient. This increases awareness and demand for vitamin D deficiency treatment among individuals.
- Europe is a leading market for vitamin D deficiency treatment due to rise in awareness among people about usage of vitamin D treatment at an early stage and increase in the geriatric population (around 90.4 million elderly people). Therefore, demand for vitamin D deficiency treatment among the elderly is increasing, as the density of bones reduces with age and the muscles tend to become weak.
- Asia Pacific is likely to account for major share of the global vitamin D deficiency treatment market during the forecast period. This is attributed to rise in number of individuals who are vitamin D deficient, increase in government initiatives to improve vitamin D awareness, and surge in population, which leads to rise in prevalence of vitamin D deficiency.
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Key Players Operating in Global Vitamin D Deficiency Treatment Market
The global vitamin D deficiency treatment market is consolidated due to the presence of small number of well-established key players. A large number of manufacturers hold major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global vitamin D deficiency treatment market.
Major players operating in the global vitamin D deficiency treatment market are:
- Abbott
- Pfizer, Inc.
- Sanofi
- Merck & Co., Inc.
- Novartis International AG
- GlaxoSmithKline plc
- Torrent Pharmaceuticals Ltd.
- Cadila Healthcare Ltd.
- Alkem Laboratories
- Sun Pharmaceutical Industries Ltd.
- Other Prominent Players
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