Bone and joint Health Supplements Market: Overview
The bone and joint health supplements market is rising steadily on the back of several favorable factors. Rising trend of preventive medicine among the middle-aged for protection against bone and joint disorders in later years of life is fuelling the bone and joint health supplements market. In urban areas, high consumption of ready-to-eat food due to hectic lifestyle that is low in nutrition necessitates use of supplements for bone and joint health. Prolonged intake of low-nutrient food results in deficiency of calcium, Vitamin D, and other essential nutrients to further become a cause of bone-related disorders.
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Key parameters on which the bone and joint health supplements market is studied are type, distribution channel, and geography.
The report on the bone and joint health supplements market highlights all-important factors for insights into this market. The exhaustive report studies varied aspects across a number of growth parameters such as emerging trends, competitive landscape, regional assessment, and others. The report serves as a useful tool covering the impact of COVID-19 on the bone and joint health supplements market over the 2020- 2030 forecast period.
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Bone and joint Health Supplements Market: Competitive Landscape
The bone and joint health supplements market is intensely competitive with the presence of several large and small players. Bone and joint health supplements are manufactured by a large number of pharmaceutical companies that vary in formulation. However, branded supplements manufactured by large pharmaceutical companies capture large share in the bone and joint health supplements market
R&D for product innovation and to expand product line is the focus of keen players in the bone and joint health supplements market. Large players are also entering into strategic alliances and business partnerships to expand their scientific knowledge.
Some prominent players in the bone and joint health supplements market are Amway, Bayer AG, Xtend-Life, Procter & Gamble, Pfizer, Reckitt Benckiser Group plc, VitaScience, and Nature’s Bounty Co.
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Bone and joint Health Supplements Market: Key Trends
Rising participation in sports that has risk of fractures and injury is a key factor stoking demand for bone and joint health supplements. Individuals of different age groups now practice some sport for exercise and fitness that makes them susceptible to injury and accident. Along with nutrition in the form of food, individuals take bone and joint health supplements to prevent major bone and joint disorder in the event of an injury.
Growing geriatric population worldwide is another key factor fuelling the bone and joint health supplements market. In Western countries, elderly individuals mostly live independently that make susceptible to falls during movement. To prevent serious bone and joint disorder, both age-related and due to a fall, elderly individuals take bone and joint health supplements for preventive medicine.
On the downside, lack of regulations for sale of bone and joint health supplements in developing countries impedes growth of bone and joint health supplements market.
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Bone and joint Health Supplements Market: Regional Assessment
North America holds substantial share in the bone and joint health supplements market. Vast demand for dietary supplements in general, including bone and joint health supplements, makes North America frontrunner in the bone and joint health supplements market.
Besides this, high consumption of processed food that is low in nutrition necessitates use of supplement to prevent bone and joint disorders in old age. This impels growth of bone and joint health supplements market in the region.
Asia Pacific is emerging as a key region in the bone and joint health supplements market. Changing dietary habits in developing countries of the region due to rising economic prosperity is leading to health issues. Young individuals and middle-aged individuals are adopting preventive medicine for protection against diseases in later life. This includes use of bone and joint health supplements.
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