Dysphagia Diet Thickening Agents Market Size, Demand, Growth, Opportunities, Segmentation Analysis of Top Key Players and Forecast to 2025
Pune, India -- (SBWIRE) -- 01/28/2020 -- Dysphagia Diet Thickening Agents Market is valued at USD 965 Million in 2018 and expected to reach USD 1,686 Million by 2025 with a CAGR of 8.3 % over the forecast period. – Increasing R&D Activities in the Medical Field with Growing Patient Pool with Dysphagia are the Major Driving Factors for the Growth of Dysphagia Diet Thickening Agents Market
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A medical condition in which an individual has difficulty in swallowing any form of solid or liquid foods is known as dysphagia. A person can suffer from dysphagia at any age and it can happen to any age group of people. The condition is majorly observed in the aging population. Globally, with the rising aging population, the risk of dysphagia condition also increases, which act as a factor that boosting the dysphagia diet thickening agents market. Based on the recent statistics by Eurostat, in 2015, over 65 years of people accounts nearly 1/5th of the European population. A dysphagia diet thickening agents basically is a thick nutrient in the form of puree or powder or liquid or gelatin for an individual who has difficulty in swallowing.
Dieticians, therapists, and pathologists have suggested thickened liquids to reduce the dysphagia disorders among the affected population. Dysphagia diet thickening agents reduce the aspiration risk in individuals with dysphagia. In most of the developing countries, dysphagia remains untreated due to its asymptomatic nature and negligence of its symptoms at first. This rising patient pool with dysphagia disorder is expected to create a huge market opportunity for the manufacturer to target the audience and expand the distribution of its products. However, the lack of standardized diagnostic tests and unawareness regarding severeness of the disease among the affected population is expected to hamper the growth of the dysphagia diet thickening agents market. The diagnosis rate and treatment-seeking rate for dysphagia are very low as patients are unable to detect the symptoms at an early stage. Thus, very few patients are able to seek for suitable medical attention; hence, this factor is expected to restrict the growth of the dysphagia diet thickening agents market in the future.
Key Players -
The major players operating in the dysphagia diet thickening agents market are Abbott Laboratories, Nutri Co., Ltd., Kissei Pharmaceutical Co., Ltd., Kent Precision Foods Group, Inc., Danone S.A., Nestlé, Healthy Food Co., Ltd., Kewpie Corporation, Saraya Co., Ltd., and others.
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Rising Adoption Rate for Dysphagia Diet Thickening Agents Products Boosting the Growth of the Market-
The dysphagia diet thickening agents' market growth is driven by the increasing spending by the consumer, especially by the geriatric population coupled with changing lifestyles. With the rising spending and initiative by the government to support the physicians who are encouraged to prescribe thickening diet agents is expected to boost the market growth. This factor has increased the awareness among the affected population and has raised the adoption rate for the dysphagia diet thickening agents. Moreover, initiation to allow the entry of foreign doctors and larger players into the market, especially in developing regions due to availability of low cost and labor are the few key trends driving the growth of dysphagia diet thickening agents market. With the advancement of technology in the medical field is expected to boost the growth of the dysphagia diet thickening agents market in the forecast years. Moreover, increasing prevalence rate of swallowing disorder, awareness programs regarding dysphagia, rising spending on research and development activities boosting and adoption rate and indirectly propelling the growth of dysphagia diet thickening agents market.
Market Segmentation: -
By Product Type (Powder Thickener, Gel Type Thickener, Thickened Beverages)
By Distribution Channel (Hospitals Pharmacies, Drug Stores, Retail Stores, Supermarkets, Online Pharmacies)
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