The global Nitric Oxide Supplements Market is estimated to be valued at US$ 810 Mn or Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Nitric oxide supplements are dietary supplements containing inorganic nitrites and nitrates that can be reduced to nitric oxide in the body. They help support cardiovascular health, exercise performance and support immune function.
Market key trends:
One of the key trends in the nitric oxide supplements market is the increasing demand for natural and plant-based nitric oxide supplements. Consumers are preferring supplements derived from natural sources such as beetroot and green leafy vegetables over synthetic nitrates and nitrites, owing to growing health consciousness. Beetroot in particular has gained popularity as a rich source of inorganic nitrates that can boost nitric oxide levels. Also, clinical studies demonstrating the cardiovascular and exercise performance benefits of beetroot-derived nitrates have augmented the growth of natural nitric oxide supplements made from beetroot extracts.
Market key trends:
One of the key trends in the Nitric Oxide Supplements Market Size is the increasing application of nitric oxide supplements in treating various cardiovascular diseases. Nitric oxide helps in improving the blood flow in the body and dilation of blood vessels, thereby reducing blood pressure. It also helps in preventing the formation of blood clots. Owing to these benefits, nitric oxide supplements are widely used for treating conditions like angina, heart failure, peripheral arterial disease, erectile dysfunction etc.
SWOT Analysis
Strengths: Easy availability of raw materials for manufacturing nitric oxide supplements. Growing healthcare expenditure is also driving the adoption.
Weaknesses: Stringent regulatory approvals and standards for dietary supplements. High costs associated with R&D activities.
Opportunities: Rising geriatric population coupled with increasing prevalence of chronic diseases presents significant growth opportunities.
Threats: Availability of alternative treatment therapies such as drugs and lifestyle changes may hamper the market growth to some extent.
Key Takeaways
The global nitric oxide supplements market is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing prevalence of cardiovascular diseases. North America is expected to dominate the nitric oxide supplements market during the forecast period owing to growing healthcare expenditures and increasing adoption of nitric oxide supplements in the region. Key players operating in the nitric oxide supplements market are Thermo Fisher Scientific, Merck KGaA, GENERAL ELECTRIC, Horiba, Teledyne Analytical Instruments, Yokogawa Electric Corporation, Spectris, Emerson Electric Co., ABB, Honeywell International Inc, Siemens AG, AMETEK.Inc, DKK-TOA CORPORATION, Drägerwerk AG & Co. KGaA, Analytical Systems Keco, ECD, Nova Analytical Systems, Shimadzu Corporation, Servomex, Adev.
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