Osteoarthritis Nutrition & Food Supplements Market Insights
The global osteoarthritis nutrition & food supplements market is projected to grow at a steady rate over the forecast period. Factors such as rising incidence of osteoarthritis disorders coupled with the growing geriatric population are likely to contribute towards the overall market growth.
Increasing adoption of dietary supplements for treating osteoarthritis by relieving pain and improving function is projected to boost the market growth. Rising rates of obesity are also expected to be one of the significant factors influencing market growth.
However, factors such as a preference for alternative methods such as treatment by paracetamol and non-steroidal anti-inflammatory drugs are likely to hamper the market growth over the coming years.
Osteoarthritis Nutrition & Food Supplements Market: Food Supplement Insights
The global osteoarthritis nutrition & food supplements market is segmented into Glucosamine Sulfate, Chondroitin, and Omega-3 Fatty Acids among others. The demand for glucosamine is likely to grow at a substantial rate over the forecast period. This can be attributed to factors such as rising adoption of the product in the treatment of osteoarthritis of the hip or spine along with efficiency in reducing pain about as much as the nonsteroidal anti-inflammatory drugs. Benefits associated with the product including reduced osteoarthritis-related pain, stiffness, and swelling in the joints and improved function in people with knee or hip osteoarthritis are also likely to account for the market growth.
Osteoarthritis Nutrition & Food Supplements Market: Sales Channel Insights
By sales channel, the market is segmented into Pharmacy, Internet Sales, and Hypermarkets among others. Out of these, the internet sales segment is projected to grow exponentially in the coming years on account of the availability of the product without a prescription. Moreover, benefits such as better pricing than offline stores, increased access, lower transaction and product costs, convenience and greater anonymity for consumers among others are expected to bode well for the industrial growth.
Pharmacies are also estimated to grow at a significant CAGR in the forecast period. Independent pharmacies dominate the markets in the European region in countries such as France, Germany, Denmark, and Italy.
Osteoarthritis Nutrition & Food Supplements Market: Regional Insights
Europe is anticipated to account for a considerable revenue share in the industry owing to increasing government support to encourage food supplements. The growing geriatric population is also expected to boost market demand in the forecast period.
North America is likely to grow at a steady rate over the forecast period due to increasing prevalence of osteoarthritis disorders and rising incidence of obesity.
Osteoarthritis Nutrition & Food Supplements Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase osteoarthritis nutrition & food supplements over the coming years. Some leading consumers of osteoarthritis nutrition & food supplements are Austin Surgical Hospital, Heartland Spine and Specialty Hospital, Massachusetts General, McBride Orthopedic Hospital and Mercy Medical Center.
Osteoarthritis Nutrition & Food Supplements Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Osteoarthritis Nutrition & Food Supplements Market Share & Competitor Analysis
Some of the players operating in the global osteoarthritis nutrition & food supplements market include Amway, BS Foods, Gnosis, Irwin Naturals, Koninklijke DSM N.V, Nature’s Bounty Co, Foods, Schiff Nutrition International Inc., Schiff Vitamins and Puritan’s Pride.
In July 2018, Carlson Labs, a key manufacturer of vitamins and nutritional supplements announced introducing a new supplement formula that features Glucosamine & Chondroitin with methylsulfonylmethane (MSM). The supplement is expected to provide joint protection by delivering three of the most beneficial ingredients that are proven to provide joint and cartilage support.
In April 2018, Innovus Pharmaceuticals, Inc., the U.S. based pharmaceutical company announced launching its product Apeaz, a cream for the relief of arthritis pain. Apeaz contains ingredients such as methyl-sulfonyl methane and glucosamine sulfate which can be used for treating damaged cartilage for stronger and more pressure resistant joints. The product can also be used to soothe pain in joints and muscles.
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