Vitamin B12 Market

The global Vitamin B12 (Cobalamin, Cyanocobalamin) market was valued at 29.36 Million USD in 2021 and will grow with a CAGR of 3.36% from 2021 to 2027, based on Research newly published report.

The prime objective of Vitamin B12 Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Vitamin B12 Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Vitamin B12 Market studies the Cyanocobalamin market, Cyanocobalamin is a man-made form of vitamin B12. Vitamin B12 is important for growth, cell reproduction, blood formation, and protein and tissue synthesis. Cyanocobalamin is used to treat vitamin B12 deficiency in people with pernicious anemia and other conditions. The classification of Drugs for Cyanocobalamin includes Injection, Oral and Spray . The proportion of Injection in 2017 is about 68%, and the proportion of Oral in 2017 is about 32%. The drugs for Cyanocobalamin is used to treat and prevent a lack of vitamin B12 that may be caused by any of the following: pernicious anemia (lack of a natural substance needed to absorb vitamin B12 from the intestine); certain diseases, infections, or medications that decrease the amount of vitamin B12 absorbed from food; or a vegan diet (strict vegetarian diet that does not allow any animal products, including dairy products and eggs). Drugs for Cyanocobalamin is application in Hospital & Clinic and Pharmacy. The most of Oral is used in Pharmacy.

By Market Verdors:

Luitpold Pharmaceuticals

Luitpold Pharmaceuticals (Daiichi Sankyo)

Endo International

Bristol-Myers Squibb

Sanofi-Aventis

Jamieson

Teva (Actavis)

Merck

Mylan

Bayer HealthCare

Pfizer

ANGELINI

Biological E

CCEPCD

Huaxin Pharmaceutical

By Types:

Cyanocobalamin Injection

Cyanocobalamin Oral

Cyanocobalamin Spray

By Applications:

Hospitals

Clinics

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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