LACTOSE INTOLERANCE TREATMENT MARKET SIZE, SHARE, TRENDS, ANALYSIS REPORT AND FUTURE PREDICTIONS

Kenneth Research has recently added a report titled Lactose Intolerance Treatment Market  in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The Lactose Intolerance Treatment Market is thriving on account of the rising awareness amongst individuals for the benefits of maintaining a good health and the increasing need for high quality healthcare services amongst individuals. With the increasing prevalence of diseases worldwide, people are opting for products that help them to stay fit and are also investing more on healthcare services. Alternatively, pharmaceutical manufacturers, along with other healthcare companies that manufactures devices and equipment, are increasingly focusing on the research and development of advanced treatment, drugs and equipment for the diagnosis and treatment of the diseases and for developing healthcare products. Organizations are raising their R&D expenses year-on-year so as to deliver quality healthcare products in the years to come. The advancements in the healthcare sector are also supported by the governments of nations worldwide with numerous financial aids. According to a statistical report titled “Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017,

Market analysis

Generally, Lactose Intolerance treatment is a medical situation identified by lactase (lactose digesting enzyme) deficiency within the patient’s body. As a result, lactose lingers unharmed and unabsorbed producing various ill-consequences such as flatulence, inflating, intestinal pains, and others. There are four types of lactose prejudice, namely, primary lactase deficiency, secondary lactase deficiency, frequent lactase deficiency, and liberal lactase deficiency. The Global Lactose Intolerance Treatment Market is anticipated to reach a CAGR of 7.10% and reach USD 41,054.4 Million by 2025.

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Lactose Intolerance treatment is a digestive problem with an impaired ability to digest lactose. Factors such as soaring cases of gastrointestinal disorders, increasing awareness about Lactose Intolerance treatment and related impediments, and enhanced occurrence of Lactose Intolerance treatment are the driving forces for the market. However, side-effects combined with supplements is projected to restraint the market during the forecast period (2019-2025). Secondary lactase insufficiency mainly occurs due to irritable bowel syndrome (IBS), gastroenteritis, Crohn disease, ulcerative colitis, celiac disease, chemotherapy, and antibiotics.

In April-2017, Abbott introduced science-based nutrition drinks to help patients have a better recovery from surgery. New Ensure Surgery Immunonutrition Shake and Ensure Pre-Surgery Clear Nutrition Drink is designed for hospitals implementing surgical guidelines for enhancing patient recovery. These drinks are also lactose-free. As per the study suggested by the Journal of Health, Population, and Nutrition in 2017, the prevalence of Lactose Intolerance treatment was significantly higher in IBS-D patients than in healthy individuals. In this study, some eligible IBS-D patients and healthy individuals were enrolled.

Market segmentation

The global Lactose Intolerance treatment market has been segmented by type of lactose intolerance, treatment, form, and end user. In March-2018, Nestlé completed its acquisition of Atrium Innovations Inc., a global chief in nutritious health goods. This acquisition supports Nestlé’s hunt of growth occasions in consumer healthcare to complement the company’s focus on its high-growth food and beverage classes The market, based on type, has been bifurcated into primary lactose intolerance, secondary lactose intolerance, and hereditary/evolving lactose intolerance. In May,2016- Dean Foods launched a new DairyPure brand, lactose free milk to its line of dairy products.

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DairyPure lactose-free milk delivers real dairy nutrition and delectable taste. Also, it is 100% lactose-free, making it easy to digest for those with lactose understandings. Based on form, the Lactose Intolerance treatment market has been separated into food supplements, enzyme lactase supplements, probiotics, and others (combination products and prebiotics). By form, the global Lactose Intolerance treatment market has been divided into tablets/capsule, powder, and liquid. Based on end-user, the market has been apportioned into home care and hospitals & clinics.

Regional analysis

Geographically the Global Lactose Intolerance Treatment Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. Consumers in this region are looking for more accessible ways to shop. They seek to acquire products from a single location or store, and it is one of the main handlers of hypermarkets and hypermarkets in Latin America. Asia-Pacific is the third-leading region and held the market share of 20.0% in 2018.

In terms of value, it has the largest dairy consumption, but it has the lowest per capita income spent on dairy foods as it is still cultivating better foundation for the distribution of chilled dairy products. The Middle East and Africa is highly obsolescence with per capita splurge on dairy at just USD 25 per head, the lowest in the world. Also, Europe held the main market share of 42.0% in 2018. The dairy consumption in Western Europe is good in comparison to other regions of Europe and has a high per-capita utilization rate during the region. The Americas conducted the second major market share of 28% in 2018. It is more segmented into North and Latin America. The expenditure of dairy goods is also noticeable and changeable in the Americas. Latin America, for example, is one of the fastest-growing dairy markets in the world.

Major players

The proposed spectators in the Global Lactose Intolerance Treatment Market are Detonator manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Lactose Intolerance Treatment Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Lactose Intolerance Treatment Market are companies like Cargill, Incorporated (US), Abbott Laboratories, Inc. (US), Dean Foods (US), Johnson & Johnson, Inc. (US), Novozyme, (Denmark) and Nestle (Switzerland).

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