The urology supplements global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Urology Supplements Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size — The urology supplements market size has grown strongly in recent years. It will grow from $1.66 billion in 2023 to $1.80 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rise in elderly population, increasing health concerns, rise in healthcare expenditure, rise in preventive healthcare.
The urology supplements market size is expected to see strong growth in the next few years. It will grow to $2.55 billion in 2028 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to increasing urinary infections, increasing disposable income, increasing access to healthcare, increasing concern on antibiotic resistance. Major trends in the forecast period include product innovations, partnerships, research and developments in nutrition.
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Scope Of Urology Supplements MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Urology Supplements Market Overview
Market Drivers -The increasing prevalence of urinary tract infections is expected to propel the growth of the urology supplements market going forward. Urinary tract infections (UTIs) affect any part of the urinary system, including the kidneys, ureters, bladder, and urethra. The prevalence of urinary tract infections (UTIs) is on the rise due to several contributing factors, including the aging population, increasing antibiotic resistance, the prevalence of chronic health conditions, and the occurrence of kidney stones. Urology supplements effectively maintain urinary tract health with their capacity to prevent infections, reduce inflammation, support kidney and bladder function, enhance prostate health, regulate urine pH, and increase immunity. For instance, in October 2023, according to the National Health Services, a UK-based government agency, there were 147,285 admissions with a primary diagnosis of UTI during 2022–23. Additionally, according to the National Center For Biotechnology Information, a US-based government agency, there are approximately 62 million new cases of gonococcal urethritis and 89 million new cases of nongonococcal urethritis annually. Therefore, the increasing prevalence of urinary tracts drives the growth of the urology supplements market.
Market Trends — Major companies operating in the urology supplements market are developing innovative products to address a range of urological health issues by incorporating advanced ingredients, leveraging new delivery systems, and utilizing cutting-edge research to enhance efficacy and safety. For instance, in September 2022, Moonstone Nutrition, a US-based company that manufactures health supplements, launched Moonstone Stone Stopper, the world’s first kidney stone prevention gummy. The gummy is designed to help prevent the formation of kidney stones by providing a convenient and tasty way to consume ingredients that may help reduce the risk of kidney stones. The Moonstone Stone Stopper gummy is a novel approach to kidney stone prevention, offering a more palatable alternative to traditional supplements or medications by delivering key ingredients in a gummy format to maintain kidney health consistently.
The urology supplements market covered in this report is segmented —
1) By Type: Multi-Ingredient, Single-Ingredient
2) By Formulation: Capsules, Softgels, Tablets, Liquid, Other Formulations
3) By Distribution Channel: Brick And Mortar, E-commerce
4) By Application: Urinary Tract Infections, Kidney Health, Prostate Health, Bladder Health
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Regional Insights — Asia Pacific was the largest region in the urology supplements market in 2023. The regions covered in the urology supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies — Major companies operating in the urology supplements market are Astellas Pharma Inc., Nutrilite Food Supplements, Azo Health, Nature’s Bounty, Amway Corp., Swanson Health Products, La Renon Healthcare Pvt. Ltd., Gaia Herbs Inc., Schiff Nutrition International Inc., Natrol Inc., Labiana Pharmaceuticals SL, Pure Encapsulations Inc., Biotex Inc. , Integrative Therapeutics LLC, PharmaLinea Ltd., Jabs Biotech Private Ltd., Theralogix LLC, Zenith Labs, Puritan’s Pride, Solaray Inc., Himalaya Wellness Co., DSE Health Care Solutions Inc. , Ruhrpharm AG
Table of Contents 1. Executive Summary2. Urology Supplements Market Report Structure3. Urology Supplements Market Trends And Strategies4. Urology Supplements Market — Macro Economic Scenario5. Urology Supplements Market Size And Growth…..27. Urology Supplements Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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