The presence of well-established
healthcare infrastructure and higher adoption of nutraceuticals in the country.
Also, the country is witnessing the growing prevalence of prediabetes coupled
with the rising geriatric population. For instance, according to the CDC, 96 million people aged 18
years or older have prediabetes (38.0% of the adult US population), and 26.4
million people aged 65 years or older (48.8%) have prediabetes. Furthermore, some other factors boosting the market
growth in the country include the increasing cases of obesity owing to the
sedentary lifestyles.
The recent COVID-19
pandemic has disrupted the healthcare industry with the emergence of SARS-COV-2.
As of March 16, 2021, there have been almost 121 million cases of
COVID-19 worldwide. The disease has impacted more than 210 countries and
territories, with the United States confirming around one-fifth of all global
cases. With this huge surge in the covid cases, the
demand for diabetes supplements has also witnessed an uptick as COVID-19
patients as more at a higher risk of diabetes.
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According to UnivDatos Market
Insights (UMI)’ research report “Global Diabetes Supplement
Market Analysis, 2020”, the
Diabetes Supplement Market is projected to grow at a CAGR of around 4% during 2021-27F.
A large number of
ongoing research activities in this field, rising government and public-private
investments, and various advantages associated with the diabetes supplements
such as controlling blood sugar, preventing diabetes-related complications, and
reducing resistance to insulin.
Based on distribution channels, the market is fragmented into hospital pharmacies,
retail pharmacies, and online pharmacies. In 2020, the retail pharmacies
segment grabbed a considerable market share, and it is expected to grow at a
significant CAGR during the forecast period owing to the availability of retail
pharmacies in every small area or city. However, the online segment is also
significantly growing due to internet users, ease of access to several brands,
24/7 availability of products, the convenience of shopping, and a wide range of
products offered.
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Geriatric Segment to
Witness Robust growth
Based on end-users, the market is fragmented
into adults, geriatric, and children. In 2020, the geriatric segment grabbed a
considerable market share, and it is expected to grow at a significant CAGR
during the forecast period owing to the surge of the geriatric population and
the growth of the diabetes cases as they are prone to these diseases. For
instance, as per NCBI, About 40% (39.5%) of the adult diabetic population is
age ≥65 years. Approximately 20% (21.4%) of adults aged≥65 years have a known
diagnosis of diabetes.
North America to Grab
Lion’s Share, and witnessed Explicit Growth
Based on the region, North America dominated
the global diabetes supplement market
in 2020. The region is projected to maintain its dominance during the
forecasted period 2021-27 owing to the presence of well-established market
players and frequent product launches in the region. North America is expected
to skyrocket with a considerable CAGR in the forecast period, as stated in UnivDatos Market Insights (UMI)’ research report “Global Diabetes Supplement Market Analysis, 2020”.
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us – https://univdatos.com/report/diabetes-supplement-market/
According
to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the Diabetes supplement
Market include Novo Nordisk, Nestlà Health
Science, Danone Nutricia, NaturoGain, Nature's Bounty, Glucose Health, Inc,
Unilever, Bionova Lifesciences, Caelus Health, Abbott among
others. The players are focused on launching products for gaining customers'
traction and expanding their geographical reach to get a competitive edge in
the industry.
“Global Diabetes
Supplement Market Analysis, 2020” provides comprehensive qualitative and
quantitative insights on the industry potential, key factors impacting sales
and purchase decisions, hotspots, and opportunities available for diabetes
supplement providers across the Globe. Moreover, the report also encompasses
the key strategic imperatives for success for competitors along with strategic
factorial indexing measuring competitor's capabilities on 16 parameters. This
will help companies in the formulation of go to Market Strategies and
identifying the blue ocean for its offerings.
For more informative information, please visit
us – https://univdatos.com/report/diabetes-supplement-market/
Market Segmentation:
1. By Ingredients
(Vitamins, Minerals, Proteins, Antioxidants & Fatty Acids, Dietary
Fibers, and Others)
2. By Disease
Type (Type 1 and Type 2)
3. By Forms (Tablets,
Solution, Powder, and Others)
4. By Region (Hospitals
Pharmacies, Retail Pharmacies, Online Pharmacies)
5. By
End-Users (Adults, Geriatric, and Children)
6.
By Region (North America,
Europe, Asia-Pacific, Rest of the World)
7.
By Company (Novo
Nordisk, Nestle Health Science, Danone Nutricia, NaturoGain, Nature's Bounty,
Glucose Health, Inc, Unilever, Bionova Lifesciences, Caelus Health, Abbott Laboratories)
Key
questions answered in the study:
1.
What are the current and future trends
of the diabetes supplement industry?
2.
How the industry has been evolving in
terms of ingredients, disease
type, forms, distribution channel, and
end-users?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the diabetes supplement industry?
5.
What is the customer orientation,
purchase behavior, and expectations from diabetes supplement firms across
various regions?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL DIABETES SUPPLEMENT MARKET COVID-19
IMPACT
6 GLOBAL DIABETES SUPPLEMENT MARKET REVENUE,
2019-2027F
7 MARKET INSIGHTS BY INGREDIENTS
8 MARKET INSIGHTS BY DISEASE TYPE
9 MARKET INSIGHTS BY FORMS
10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
11 MARKET INSIGHTS BY END-USERS
12 MARKET INSIGHTS BY REGION
13 DIABETES SUPPLEMENT MARKET DYNAMICS
14 DIABETES SUPPLEMENT MARKET OPPORTUNITIES
15 DIABETES SUPPLEMENT MARKET TRENDS
16 LEGAL & REGULATORY FRAMEWORK
17 DEMAND AND SUPPLY SIDE ANALYSIS
18 VALUE CHAIN ANALYSIS
19 COMPETITIVE SCENARIO
20 COMPANY PROFILED
21 DISCLAIMER
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