Vitamin D Therapy Market – Route of Administration (Oral, Parenteral), Type (OTC, Prescription), Application (Osteoporosis, Rickets, Muscle Weakness), Age Group (Children, Adults, Geriatric), Distribution Channel, Global Forecast (2024 – 2032)
Published on: 2024-07-10 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Vitamin D Therapy Market – Route of Administration (Oral, Parenteral), Type (OTC, Prescription), Application (Osteoporosis, Rickets, Muscle Weakness), Age Group (Children, Adults, Geriatric), Distribution Channel, Global Forecast (2024 – 2032)
Vitamin D Therapy Market Size
Vitamin D Therpy Market size was valued at USD 2.9 billion in 2023 and is anticipated to showcase growth at 11.4% CAGR from 2024 to 2032, due to increasing awareness of vitamin D deficiency and its health benefits across all age groups. Key drivers include the aging population, a rise in chronic diseases, and emerging research supporting vitamin D's role in various health conditions beyond bone health, such as immune system support and cardiovascular health.
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Furthermore, advances in innovative delivery methods make vitamin D therapy more accessible and appealing to consumers. Moreover, improved vitamin D testing have made it easier to identify and treat deficiencies, prompting individuals and healthcare professionals to seek out vitamin D therapy. These factors collectively aid in propelling the growth of the global vitamin D therapy market.
Vitamin D therapy is the medical practice of using vitamin D supplements to treat or prevent vitamin D deficiency and its associated health conditions. The therapy is aimed at correcting vitamin D levels in the body to support essential biological functions such as calcium absorption, bone health, muscle strength, and immune system regulation.
Report Attribute | Details |
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Base Year | 2023 |
Vitamin D Therapy Market Size in 2023 | USD 2.9 Billion |
Forecast Period | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR | 11.4% |
2024 – 2032 Value Projection | USD 7.5 Billion |
Historical Data for | 2021 – 2023 |
No. of Pages | 187 |
Tables, Charts & Figures | 329 |
Segments covered | Route of Administration, Type, Application, Age Group, Distribution Channel, and Region |
Growth Drivers |
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Pitfalls & Challenges |
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Vitamin D Therapy Market Trends
- Growing awareness of vitamin D deficiency is a key driver in the market. Public health campaigns and educational initiatives have emphasized the importance of maintaining adequate vitamin D levels for overall health, including bone health, immune function, and the prevention of chronic conditions.
- Additionally, the global population is aging, particularly in developed countries, and older adults are more prone to vitamin D deficiency due to reduced skin synthesis and less time spent outdoors.
- This demographic shift increases the demand for vitamin D therapy as older individuals seek to maintain bone density, muscle strength, and overall well-being. Additionally, older adults are more likely to have chronic conditions such as osteoporosis, which further drives the demand for vitamin D therapy.
- Further, the availability of over-the-counter drugs (OTC) vitamin D makes it easy for consumers to access therapy without a prescription. This ease of access and affordability of OTC vitamin D supplements contribute significantly to market growth, as more people can take proactive steps to manage their vitamin D levels.
Vitamin D Therapy Market Analysis
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Based on route of administration, the market is segmented into oral and parenteral. The oral segment held majority of market share in 2023 and is anticipated to grow at CAGR of 11.2% over the coming years.
- The oral segment leads the market due to its ease of administration and convenience for consumers. Oral supplements, available in various forms such as tablets, capsules, gummies, and liquids, are straightforward to use and can be taken at home without professional assistance.
- Additionally, their cost-effectiveness and wide availability makes them accessible to a broad audience. Furthermore, their familiarity, effectiveness in raising vitamin D levels, and flexibility in dosing contributes to the growth of this segment.
Based on type, the vitamin D therapy market is classified into OTC drugs & prescription drugs. The OTC drugs dominated the market with 58.7% of market share in 2023.
- High growth of this segment is due to its accessibility and convenience for consumers. OTC vitamin D products can be purchased without a prescription in pharmacies and online retailers, making them easily available to the public.
- This accessibility allows consumers to incorporate vitamin D therapy into their daily routines without needing to visit a healthcare provider for a prescription.
- Further, growing awareness regarding the importance of maintaining adequate vitamin D levels for overall health has further driven demand for OTC supplements as preventive health measures. These factors make the OTC segment dominant in the global market.
Based on applications, the vitamin D therapy market is categorized into osteoporosis, rickets, skin diseases, muscle weakness, autoimmune disorders, and other applications. The osteoporosis segment accounted for significant market share and is anticipated to reach USD 2.3 billion by 2032.
- The major factor contributing to the growth of this segment is the widespread prevalence of the condition, especially among older adults and postmenopausal women.
- As a common health issue, osteoporosis leads to a high demand for effective treatments, including vitamin D therapy. Vitamin D plays a vital role in calcium absorption and bone health, making it an essential component in managing and treating osteoporosis.
- Moreover, the vitamin D therapy is also versatile, being used both as a preventive measure and a treatment option for osteoporosis across different patient populations. This dual use of vitamin D therapy in osteoporosis treatment, contributes to its high market share.
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Based on age group, the vitamin D therapy market is divided into children, adults, and geriatric. The geriatric segment accounted for USD 1.1 billion in 2023 and is anticipated to grow at 11.6% CAGR by the end of forecast period.
- Geriatric population is at higher risk of bone-related conditions such as osteoporosis and fractures. Vitamin D therapy is essential for maintaining bone density and reducing the risk of fractures, making it a key treatment option for the geriatric population.
- In addition, as people age, their skin's ability to synthesize vitamin D decreases, and they spend less time outdoors, leading to a higher risk of vitamin D deficiency. Thus, these factors collectively aid in fostering the growth of this segment.
Based on distribution channel, the vitamin D therapy market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment held highest market share in 2023 and is projected to witness growth at 11.2% CAGR.
- The hospital pharmacies segment holds the highest market share in the market due to direct patient care and the ability to provide proper dosing and administration under medical supervision.
- Furthermore, they have access to prescription-only and higher-dose forms of vitamin D therapy, which may be necessary for treating specific medical conditions or severe deficiencies. Thus, significantly influencing the growth of this segment.
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North America vitamin D therapy market accounted for 41.3% of market share in global market and is predicted to reach USD 3 billion by 2032.
- Factors such as high prevalence of vitamin D deficiency driven by lifestyle and an aging population prone to conditions such as osteoporosis, drives the regional market growth.
- Further, the region's advanced healthcare infrastructure ensures widespread access to healthcare services and supports ongoing research and development, further boosting the adoption of vitamin D therapy.
- Additionally, consumer awareness of the health benefits of vitamin D is high in this region, leading to increased use of therapy, fueling the regional growth.
U.S. vitamin D therapy market was valued at USD 1.1 billion in 2023 and is anticipated to grow at a CAGR of 11.1% over the forecast period.
- High prevalence of osteoporosis in the country, drives the demand for vitamin D therapy. For instance, according to International Osteoporosis Foundation, in U.S. 10.2 million people are estimated to have osteoporosis, of which approximately 80% were estimated to be women.
- This high prevalence of osteoporosis drives the growth of the market as individuals seek effective ways to manage their bone health and prevent fractures.
- Additionally, the rise of telehealth and e-commerce makes vitamin D therapy more accessible, contributing to the market's growth.
Germany vitamin D therapy market is expected to grow significantly during the forecast period.
- Germany has a significant aging population that is at greater risk of vitamin D deficiency and related health issues such as osteoporosis, increasing the demand for vitamin D therapy.
- For instance, according to AARP International, Germany's population aged 65 and older is projected to grow by 41 percent to 24 million by 2050, accounting for nearly one-third of the total population.
- In addition to this, due to the geographical location and seasonal weather patterns, many people in the country experience limited sunlight exposure, especially during the winter months, leading to higher rates of vitamin D deficiency. These factors collectively drive the demand for vitamin D therapy in the country, thereby fostering market growth.
India vitamin D therapy market is anticipated to grow remarkably over the coming years.
- Many people in India experience vitamin D deficiency due to limited sun exposure, particularly in urban areas with high levels of pollution and indoor lifestyles. For instance, as per an article published in National Institutes of Health, vitamin D deficiency in infants in India is about 61%.
- With the growing prevalence, there is an increasing public awareness about the importance of vitamin D for bone health, immune function, and overall wellness is driving demand for vitamin D therapy.
Vitamin D Therapy Market Share
The vitamin D therapy industry is shaped by major pharmaceutical and supplement companies that dominate the market with a wide range of products and strong distribution networks. These companies continuously innovate to introduce new formulations and delivery methods that appeal to diverse consumer preferences. Strategic partnerships, brand trust, and adherence to regulatory standards play key roles in maintaining a competitive edge in this market.
Vitamin D Therapy Market Companies
Prominent players operating in the vitamin D therapy industry include
- Abbott Laboratories
- Alkem Laboratories Ltd.
- Atrium Innovations
- Biotics Research Corporation
- Cadila Healthcare Ltd.
- GlaxoSmithKline plc
- Merck & Co. Inc.
- Ortho Molecular Products
- Pfizer, Inc.
- Sanofi
Vitamin D Therapy Industry News
- In February 2024, Candila Pharma launched world’s first aqueous formulation of cholecalciferol for vitamin D deficiency. This strategic launch helped them to enter the untapped market and boost their revenue growth.
- In August 2022, Arbro Pharmaceuticals launched Vkap-D3 for the treatment of vitamin-D deficiency in India. This product launch helped the company to enhance their product portfolio and generate the revenue.
The vitamin D therapy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments
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Market, By Route of Administration
- Oral
- Parenteral
Market, By Type
- OTC drugs
- Prescription drugs
Market, By Application
- Osteoporosis
- Muscle weakness
- Rickets
- Autoimmune disorders
- Skin diseases
- Other applications
Market, By Age Group
- Geriatric
- Adults
- Children
Market, By Distribution Channel
- Hospital pharmacies
- Retail pharmacies
- Online pharmacies
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Table of Content
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