Market Analysis: Global Lactose Intolerance Treatment Market
Lactose intolerance treatment market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. Growing incidence of lactose intolerance’s population and development of advanced therapies and treatment are the key factors for market growth.
Market Definition: Global Lactose Intolerance Treatment Market
Lactose intolerance is also known as milk intolerance is a condition in which person is not able to break down natural sugar called lactose. Lactose is disaccharides found in the milk and milk products. The patients with lactose intolerance have digestive symptoms such as bloating, diarrhea, and acidity after eating or drinking milk or milk products. Lactase deficiency and lactose malabsorption may lead to lactose intolerance.
According to the article published in the U.S. Department of Health & Human Services, an estimated lactose intolerance population is approximately 65 percent of world’s population. It is most prevalent in people of East Asian descent followed by West African, Arab, Greek, and Italian descent. These growing incidences of lactose intolerance worldwide and high demand of disease specific treatment are the key factors which drive the market growth.
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Widespread prevalence of lactose intolerance worldwide is driving the market
Accelerates demand of novel therapies and newer development is driving the growth of this market
Family history of lactose intolerance can also act as a market driver
Huge financial support to the researchers for developing novel intervention is enhancing the market growth
Effective treatment is either unavailable or unaffordable is hamper the market growth
Patent expiry from many companies and introduction of generic drugs of branded version is expected to restrain the growth of the market.
Inadequate knowledge about lactose intolerance in some developing countries is also acting as a challenging factor for the growth of this market
Segmentation: Global Lactose Intolerance Treatment Market
Primary Lactose Intolerance
Secondary Lactose Intolerance
Enzymatic Lactase Supplements
By Route of Administration
By End Users
Rest of South America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East & Africa
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Key Developments in the Market:
In March 2019, Ritter Pharmaceuticals has completed the enrolment in pivotal phase III clinical trial for RP-G28, a lactose-metabolizing bacterium being developed for the treatment of lactose intolerance. If trial successful, RP-G28 could become the first FDA approved treatment for patients suffering from lactose intolerance.
Global lactose intolerance treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global lactose intolerance treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players:
Few of the major competitors currently working in the global lactose intolerance treatment market are Macleods Pharmaceuticals Ltd, Walter Bushnell, Nature's Way Products, LLC, Ritter Pharmaceuticals, profarma, Amgen Inc, Recordati S.p.A, Novo Nordisk A/S, Johnson & Johnson Services, Inc, National Enzyme Company, ScimeraMD, Ganeden, Gelda Scientific & Industrial Development, Deerland Enzymes, Inc. and others.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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