The Oral Enzyme Therapy market to grow in concurrence with technological upgradations in the next decade
Oral Enzyme therapy falls under the category of dietary supplements. WHO listed oral enzymes into their list of ‘essential medicines’ and also rated some pancreatic digestive enzymes as a safe to use. Oral enzyme therapy includes various digestive enzymes like proteases, lipase, amylase and many others. Deficiency of this enzymes is mainly due to increasing incidence of pancreatic cancer, cystic fibrosis and other serious disorders. According to WHO report, 458,918 new cases of pancreatic cancer have been reported worldwide in 2018 and prevalence is expected to increase in future. Due to changing life style peoples are more interested to consume packaged as well as processed food, this may result into lack of required fiber and results into various digestive disorders and for this, as a preventive measure oral enzyme therapy is preferred, this factor may leads to increase the demand of oral enzymes and anticipated to push the growth of oral enzyme therapy market during forecast period.
Increased prevalence of cystic fibrosis and Shwachman-Diamond syndrome leads to increase the demand of oral enzymes and expected to drive growth of Oral Enzyme Therapy Market. Furthermore, professional and personal stress may also result into various digestive disorders which is further increase the demand of oral enzymes and projected to drive the oral enzyme therapy market during proposed period. Moreover, public organizations like National Gaucher CARE Foundation are offering financial help to patients and due to this the demand of orally taken enzymes is anticipated to increase near future, this may further expected to propel the growth of oral enzyme therapy market. On the contrary, lack of supportive evidence that are proving the efficacy of synthetically manufactured oral enzymes is a roadblock to the oral enzyme therapy market’s growth. Furthermore, various regulatory bodies like U.S FDA continuously implementing various regulations that have to fulfill by manufacturers of digestive enzyme and this may, dampens the growth of the oral enzyme therapy market to some extent.
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The global Oral Enzyme Therapy Market is segmented based on the product type, source, dosage form, application and distribution channel.
By product type, the global Oral Enzyme Therapy Market is segmented as:
By Source, the global Oral Enzyme Therapy Market is segmented as:
By dosage form, the global Oral Enzyme Therapy Market is segmented as:
By Application, the global Oral Enzyme Therapy Market is segmented as:
- Infant nutrition
- Medical nutrition
- Sport nutrition
By distribution channel, the global Oral Enzyme Therapy Market is segmented as:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
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Oral enzyme therapy market is highly competitive. Various key players involved in oral enzyme therapy market are investing their larger financials on their R&D facilities to come up with better products to lure and retain their consumers. Additionally, they are trying to develop various new forms of existing drugs to increase patient compliance as well as efficacy of a drug which may further expected to increase the demand of oral enzyme therapy among individuals. Various products that are under product pipeline of major key players is anticipated to increase the competition among the key players and projected to push the growth of oral enzyme therapy market near future. Some key players are also adapting various distribution strategies like partnerships with retail chain companies to improve their global sales and also trying to acquire more shares in global oral enzyme therapy market.
By region, global oral enzyme therapy market is segmented into Latin America, North America, Russia, Europe, Asia-Pacific, Japan and Africa (MEA). North America is expected to be dominant in global oral enzyme therapy market due to higher incidence of pancreatic disorders. Europe is expected to be the second most lucrative region in the global Oral Enzyme Therapy Market due to advanced infrastructure facilities, acceptance of newer therapies. Increased investment in healthcare sector, the oral enzyme therapy market in Latin America is also projected to grow steadily during forecast period. Due to large population living in developing countries like China and India, Asia-Pacific is anticipated to be the fastest growing Oral Enzyme Therapy Market during forecast period.
The key participants operating in the global Oral Enzyme Therapy Market are:
Metagenics, Inc., Allena pharmaceuticals, Twinlab Corporation, Biotics Research Corporation, Garden Of Life Inc., Matsun Nutrition, Country Life LLC., Food State Inc., Rainbow Light Nutritional Systems Inc., Abbott Nutrition, National Enzyme Company, and others.
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