Rickets Market 2019 Prediction – Industry Size, Phenomenal Growth, Booming Share, Business Boosting Strategies till 2023
Market Highlights
Rickets is a disorder caused
by a lack of vitamin D, and minerals such as calcium, or phosphate. It leads to
softening and weakening of the bones. Vitamin D helps the body control calcium
and phosphate levels. If the blood levels of these minerals become too low, the
body may produce hormones that cause calcium and phosphate to be released from
the bones. This leads to weak and soft bones.
According to the
National Health and Nutrition Examination Survey, in 2013, 45 % of people in
the U.S. are suffering from vitamin D deficiency. Increasing patient population
and changing lifestyle has driven the growth of the market. Moreover, poor
lifestyle and increasing geriatric population have fuelled the growth of the
market. On the other hand, the high cost of the treatment may slow the market
growth.
The global rickets market is
expected to grow at a CAGR of 9.86% during the forecast period.
Segmentation
The global rickets market is
segmented based on types, causes, therapy, and end-users.
·
Based on types, the
market is segmented vitamin D-related rickets, hypocalcemia-related rickets,
hypophosphatemia-related rickets, and others. Vitamin D-related rickets is
further segmented into vitamin D deficiency and vitamin D-dependent rickets.
Hypophosphatemia-related rickets is further segmented into congenital,
hypophosphatemia, Fanconi's syndrome, and others.
·
Based on causes, the
market is categorized into sunlight, diet, genetics, and others
·
Based on therapy,
the market is segmented into diagnosis and treatment. Diagnosis is further
segmented into blood tests, bone density scans, radiography, and others.
Treatment is sub-segmented into diet & sunlight therapy, supplementation,
and others.
·
Based on end-users,
the market is segmented into hospitals, clinics, and others.
Regional Analysis
The Americas dominate the
global rickets market owing to a large patient population, strong government
support for research & development, and high healthcare spending. According
to National Health and Nutrition Examination Survey, the number of patients in
the U.S. suffering from vitamin D deficiency is increasing continuously.
Additionally, changing lifestyle and poor diet has fuelled the growth of the
market.
Europe has the second
leading market in the global rickets market which is followed by the Asia
Pacific. The Asia Pacific is the fastest-growing market for Rickets. As per
statistics, the U.K and Germany have a huge number of patients suffering from
vitamin D deficiency. Asia Pacific rickets market is majorly driven by Indian
and China owing to a huge patient pool, and continuously developing the
healthcare sector has fuelled the growth of the market.
The Middle East and Africa
contribute the least in the growth of the global rickets market. The Middle
East dominates the market for the Middle East and Africa. The UAE, Saudi
Arabia, and Kuwait are expected to drive the Middle East market. Africa holds
the least share of the global market due to the limited availability of medical
facilities and poor economic conditions. However, the growth of the Africa
market is high due to the presence of opportunities for the development of the
market.
Key Players
·
Koninklijke DSM N.V.
(the Netherlands)
·
Nestlé S.A.
(Switzerland)
·
ADM Alliance
Nutrition, Inc. (U.S.)
·
Groupe Danone S.A.
(France),
·
Abbott (U.S.)
·
Kraft Foods Group,
Inc. (U.S.)
·
Merck & Co.,
Inc. (U.S.),
·
F. Hoffmann-La Roche
Ltd. (Switzerland)
·
Pfizer (U.S.)
·
Sun Pharmaceutical
Industries Ltd (India)
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