Dysphagia Supplements Market increasing at a notable growth rate over the foreca
Posted by Shristi on November 6th, 2019
“The Global Dysphagia Supplements Market was valued around US$ 865.4 Mn in 2018 and increasing at a notable growth rate over the forecast years 2019-2025 owing to surge in the global geriatric population most prone for dysphagia”
The global dysphagia supplements market was valued at US$ 865.4 Mn in 2018 and burgeoning at tremendous growth rate over the forecast timeframe owing to escalation in aged people and surge in the incidence of digestive disorders around the globe. For instance, according to World Cancer Research Fund, approximately 500,000 new cases diagnosed with esophageal cancer in 2018. Moreover, grow in R&D for the development of newer products, presence of huge number of market players, and increase in healthcare expenditure are anticipated to boost the global dysphagia supplements market over the forecast years. However, dearth of proper diagnostic tests for dysphagia, lack of awareness about dysphagia supplements in underdeveloped countries, and stringent regulations for the product approval are impede the growth of dysphagia supplements market.
Global dysphagia supplements market segmented on the basis of product type, distribution channel, and region
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Powder Thickeners Expected to Dominate the Global Dysphagia Supplements Market
Based on the product type, global dysphagia supplements market segmented into powder thickeners, ready to drink thickened beverages, instant food, and oral nutritional supplements. Among all the products, powder thickeners expected to dominate the market over the forecast years 2019-2025 owing to surge in R&D for the development and launch of innovative products with attractive packing into the market. Additionally, surge in intake of ready to drink thickened beverages surge the global dysphagia supplements market over the future years.
North America Dominated the Global Dysphagia Supplements market
PBI’s global dysphagia supplements market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global dysphagia supplements market in 2018 and the region expected to dominate over 2019-2025 owing to surge in incidence of swallowing disorders in USA and Canada. For instance, according to a research study approximately 300,000-600,000 Americans are troubled by swallowing disorders each year. Moreover, rise in healthcare expenditure, favorable reimbursement guidelines, and increase in R&D activities are bolster the market over the forecast years. Europe dysphagia supplements market projected to exhibit lucrative opportunities over the forecast years owing to rise in elderly population in the region. As per Eurostat 2015 data, approximately 20% of overall population in Europe are aged over 65 years. In addition, rise in prevalence of chronic diseases such as neurological disorders and stroke and adoption of newer products are bolster the market.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global dysphagia supplements market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In April 2017, Nestle Health Science and Chinese Stroke Association collaborated to development of dysphagia supplements to overcome the difficulties in swallowing among the dysphagia patients
Key player’s profiles in the report are Kent Precision Foods Group, Inc. (Kent Corporation) (U.S.), Abbott Laboratories (U.S.), Nestlé Health Science France. (Nestlé S.A) (Switzerland), Danone S.A. (France), Nutri Co., Ltd.( Mitsui Sugar ) (Japan), Kissei Pharmaceutical Co., Ltd. (Japan), Saraya Co., Ltd. (Japan) Kewpie Corporation (Japan) and Healthy Food Co., Ltd. (Japan)
Precision Business Insights (PBI) in its report titled “Global Dysphagia Supplements Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
By Product Type
By Distribution Channel
Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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