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Pharmacy benefit management market
Dysphagia Supplements Market REPORT OVERVIEW
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The global dysphagia supplements market size was USD 476.3 million in 2021. As per our research, dysphagia supplements market is expected to reach USD 637.4 million by 2028, exhibiting a CAGR of 3.8% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, dysphagia supplements experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Dysphagia is an illness or disease characterized by difficulties swallowing either liquid or solid foods. Swallowing difficulties can arise at any point in time and in a variety of persons. The condition is most common in the elderly population. A dysphagia supplement is essentially a nutrient, including fibers or proteins, for people who have difficulties swallowing. It consists of nutrient-rich foods in a consistency of liquid or gelatin, which patients may easily swallow.
The growing elderly population is expected to be an important factor in the dysphagia supplements market share global expansion. Various governments and non-governmental organizations throughout the world are ramping up campaigns of awareness to educate the public about and options available in treatment. These initiatives are supporting the rise of dysphagia supplements and are projected to boost the market's growth in the future.
COVID-19 Impact: Interruption in Services to Deplete Market Growth
For many consumer products businesses, the global pandemic has become primarily a financial issue. Developing an entirely novel supply and marketing approach necessitates a financial and time investment in altering retail inventory control, inventory in warehouses management, supply chain administration, and other areas. The dysphagia supplements market was highly impacted by the COVID-19 pandemic. However, due to technological advancements and various initiatives taken by the government the market will uplift in the coming years.
LATEST TRENDS
"Growing Utilization of Thickening Solutions to Stimulate Market Development"
There are several dysphagia supplements available on the market, but not many for pediatric dysphagia problems. As a result, pediatric-specific thickening solutions for swallowing difficulties are expected to drive significant market expansion. Many dysphagia sufferers prefer pediatric-specific thickened foods containing dysphagia supplements since they are the most popular and successful option. These thickening products aid in providing patients with safe and enough hydration. Therefore, the growing utilization of thickening solutions will uplift the market growth during the forecasted timeframe.
Dysphagia Supplements Market SEGMENTATION
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- By Type
Based on type; the market is divided into powder thickener, ready-to-drink thickened beverages, instant food, oral nutritional supplements
Powder thickener is the leading part of the type segment.
- By Application
Based on the application; the market is divided into hospitals, nursing homes, retail pharmacies, drug stores, supermarkets
Hospitals is the leading part of the application segment.
DRIVING FACTORS
"Chronic Illness to Aid Market Expansion "
Chronic illnesses such as dementia, cancer, and Parkinson's illness are becoming more common as a result of evolving lifestyles and populations getting older around the world. These chronic disorders are recognized as key contributors to morality, and they have been related to an array of health issues, including dysphagia. Post-illness dysphagia is strongly linked to increased morbidity and mortality rates, resulting in a greater focus on dysphagia treatment and, subsequently, increased demand for dysphagia supplements.
"Governments Initiatives to Foster Industry Progress "
Various governments and non-governmental organizations throughout the world are stepping up outreach efforts to educate the general public regarding dysphagia and its therapeutic alternatives. These initiatives are supporting the development within the dysphagia supplements market growth because of increased awareness and demand for supplements.
RESTRAINING FACTORS
"Absence of Standardized Diagnostic Testing to Limit the Market Evolution "
The market is predicted to grow slowly due to the absence of standardized diagnostic testing. Dysphagia has a relatively poor diagnosis and treatment rate because individuals are unable to notice its signs at the earliest stages. As a result, only a small number of patients are able to seek appropriate treatment and get available items through the market. This aspect may limit the future development within the supplements industry.
Dysphagia Supplements Market REGIONAL INSIGHTS
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"Swallowing Difficulties among Individuals in North America to Support Market Advancement "
The market study is divided into four regions: North America, Europe, Asia-Pacific, and the Rest of the World. Because of its modern facilities and healthcare infrastructure, the North American market is likely to dominate the worldwide market. Furthermore, according to data, approximately 22% of Americans suffering from dysphagia are geriatric, implying a potential expansion of the market, particularly in the North America area. It is estimated that over 600,000 people in the United States have swallowing difficulties, and approximately 10 million people have surgical procedures or are on medication therapy for problems with swallowing.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- Abbott (U.S.)
- Kent Precision Foods (U.S.)
- Nestle Health Science (Switzerland)
- Nutri (Peru)
- Danone (France)
- Kissei (India)
- Kewpie (Japan)
- Clinico (China)
- Nisshin Oillio (Japan)
- Saraya (Japan)
- Healthy Food (India)
- Foricafoods (Japan)
- Miyagen (China)
- Hormel Foods (U.S.)
- Nutra Balance Products (U.S.)
- Flavor Creations (Australia)
- Fresenius Kabi (Germany)
- SimplyThick (U.S.)
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 476.3 Million in 2021 |
Market Size Value By |
US$ 637.4 Million by 2028 |
Growth Rate |
CAGR of 3.8% from 2021 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the dysphagia supplements market expected to touch by 2028?
The global dysphagia supplements market size is expected to reach USD 637.4 million by 2028.
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What CAGR is the dysphagia supplements market expected to exhibit by 2028?
The dysphagia supplements market is expected to exhibit a CAGR of 3.8% by 2028.
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Which are the driving factors of the Dysphagia Supplements market?
The driving factors of the Dysphagia Supplements market are chronic illness and government initiatives
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Which are the key players or most dominating companies functioning in the Dysphagia Supplements market?
Abbott, Kent Precision Foods, Nestle Health Science, Nutri, Danone are the key players or most dominating companies functioning in the Dysphagia Supplements market.