Coherent Market Insights

Vitamin B12 Drops Market to Surpass US$ 221.4 Mn by 2030

Vitamin B12 Drops Market to Surpass US$ 221.4 Mn by 2030 - Coherent Market Insights

Publish In: Dec 21, 2022

Global Vitamin B12 Drops Market, by Patient Type (Adult, Pediatric), by Indication (Nervous system, Heart Health, Immune Support, Others (Anemia)), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, And Africa), is estimated to be valued at US$ 124.1 million in 2022, and is expected to exhibit a CAGR of 7.5% during the forecast period (2022-2030).

Increasing number of product launches by market players is expected to drive growth of the Global Vitamin B12 Drops Market   over the forecast period. For instance, in March 2022, KTD Biolabs, U.S. based manufacturer of health supplements, launched vitamin B12 with an advanced liquid formula. KTD Biolabs’s vitamin B12 liquid formula is 100% vegan-friendly.

Moreover, rising number research and development activities related to vitamin B12 are expected to propel growth of the Global Vitamin B12 Drops Market   during the forecast period. For instance, according to an article published in Via Medica Journal, in December 2020, the study on vitamin B12 supplementation in diabetic patients taking metformin generated growing focus in the vitamin's role in the management of diabetes and its complication.

Global Vitamin B12 Drops Market - Impact of Coronavirus (COVID – 19) Pandemic

The COVID-19 pandemic has affected several markets across the globe and is also expected to hamper the Global Vitamin B12 Drops Market   growth. The COVID-19 pandemic has affected demand and supply of healthcare products in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and due to its financial impact on firms and financial markets. However, Coronavirus (COVID-19) pandemic is expected to positively impact growth of the Global Vitamin B12 Drops Market   during the forecast period owing increase in research and development activities regarding vitamin B12 in treatment of COVID-19. For instance, according to an article published in The Journal of Clinical Nutrition and Metabolism (RNCM), official publication of the Colombian Association of Clinical Nutrition, in July 2020, Vitamin B12 and transcobalamins' anti-inflammatory and antioxidant properties can regulate systemic inflammation, contributing to the cytokine cascade that leads to ARDS (Acute respiratory distress syndrome). Clinical trials are required to develop an optimal regimen for giving vitamin B12 as a pharmaconutrient to critically ill Patients with COVID-19.

Browse 35 Market Data Tables and 28 Figures spread through 170 Pages and in-depth TOC on Global Vitamin B12 Drops Market, by Patient Type (Adult, Pediatric), by Indication(Nervous system, Heart Health, Immune Support, Others (Anemia)), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, And Africa)

To know the latest trends and insights prevalent in the Global Vitamin B12 Drops Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/vitamin-b12-drops-market-5432

Key Takeaways of the Global Vitamin B12 Drops Market:

  • Global Vitamin B12 Drops Market is expected to exhibit a CAGR of 7.5% over the forecast period (2022-2030). North America is expected to account for major market share over the forecast period (2022-2030), owing to increasing prevalence of vitamin B12 deficiency in pregnant women. For instance, according to Nutrition, a Peer-reviewed journal, in May 2022, early pregnancy in Canada revealed a 35% incidence of vitamin B12 deficiency; as the pregnancy progressed, the prevalence of vitamin B12 deficiency increased significantly to 42.9%.
  • Some of the major players operating in the Global Vitamin B12 Drops Market include Livewise Naturals, East India Pharmaceutical Works Limited, Go Nutrients, PipingRock, Bluebonnet Nutrition Corporation, Klaire Labs, BioCare Ltd., Ultra6 Nutrition, Pure Encapsulations, Triquetra, Carlyle Nutritionals, and VITBOOST.

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