Published on: February 25, 2021
The vitamin B12 market will register steady growth during 2021-2025.
The market is categorized under the pharmaceuticals industry, which was worth almost $1,495.51 billion in 2020.
Sanofi, Endo International, Jamieson, Mylan, and Bayer HealthCare are some of the key companies operating in the vitamin B12 market.
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The market is highly competitive. To expand their presence in this already competitive market and make the most of new growth opportunities, vendors are engaging in several growth strategies including strategic partnerships, M&As, and new product launches. Moreover, with the growing demand from the regional and global markets, market players are also focusing on increasing production.
Vitamin B12 market trends like the increased awareness of lifestyle diseases will fuel the demand for vitamin B12 market. The increasing prevalance of pernicious anemia will also have a significant influence on market growth.
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The global market for vitamin B12 has been segmented by Product and geography. Based on product, the market has been further segmented into Injection, Oral, and Spray.
Based on geography, the market has been further segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). North America will be a key market for vitamin B12 and the region will offer several growth opportunities to market players.
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The report also provides a country-level analysis of the growth opportunities and challenges in key markets including – US, Canada, Germany, France, the UK, China, India, Saudi Arabia, UAE, and Brazil.
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Scope of the Report | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Parent Market | Pharmaceuticals |
Parent Market Size | $1,495.51 billion |
By Product | Injection | Oral | Spray |
Regional analysis | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) |
Companies profiled | Sanofi, Endo International, Jamieson, Mylan and Bayer HealthCare |
Top Market Trend | Increasing prevalance of pernicious anemia | Increased Awareness of Lifestyle Diseases |
Report Benefits | Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges, |