Rickets Market 2019 Prediction – Industry Size, Phenomenal Growth, Booming Share, Business Boosting Strategies till 2023
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.
Based on types, Rickets Treatment Market Analysis 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.
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.
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Koninklijke DSM N.V. (the Netherlands)
Nestlé S.A. (Switzerland)
ADM Alliance Nutrition, Inc. (U.S.)
Groupe Danone S.A. (France),
Kraft Foods Group, Inc. (U.S.)
Merck & Co., Inc. (U.S.),
F. Hoffmann-La Roche Ltd. (Switzerland)
Sun Pharmaceutical Industries Ltd (India)
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