Urology Supplements Market Estimated At USD 3.04 Billion By 2030


 San Francisco, 27 May 2024: The Report Urology Supplements Market Size, Share & Trends Analysis Report By Type (Multi-ingredient, Single Ingredient), By Application (Urinary Tract Infections, Kidney Health, Prostate Health), By Formulation, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

The global urology supplements market size is anticipated to reach USD 3.04 billion by 2030, expanding at a CAGR of 8.14% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the rising geriatric population and awareness regarding health and fitness.

The COVID-19 pandemic has had a slight negative impact on the urology supplements industry. This is mainly because of the closure of healthcare facilities and postponement of non-emergency procedures, which has contributed to the decline in demand for urology supplements. Moreover, disruption in the supply chain has limited the scope of the market for supplements due to the lesser availability and lockdown in many regions.

The aging population is the primary contributor to the growing prevalence of overactive bladder (OAB), as the risk of developing this condition increases with age. Additionally, certain medical conditions including diabetes and urinary tract infections (UTIs) are further expected to increase the risk of developing overactive bladder in an individual. According to an article published by NCBI in May 2023, a study by North American epidemiological indicated that the prevalence of OAB in women has been reported nearly 16% which increases to approximated 30% in women with over 65 years age. Thus, the rising prevalence of overactive bladder is projected to fuel the demand for urology supplements during the forecast period.

However, limited scientific evidence is anticipated to hamper the market growth. Although there are some studies that support the benefits of certain urology supplement ingredients, robust clinical trials are needed to solidify their efficacy for specific conditions.

Access Research Report of Urology Supplements Market @ https://www.grandviewresearch.com/industry-analysis/urology-supplements-market-report

Urology Supplements Market Report Highlights

  • The multi-ingredient dominated the type segment with a high revenue share in 2023 and it is expected to grow at a rapid CAGR over the forecast period. This is attributed to the growing interest among consumers in urology supplements products with availability of variety of products.
  • Based on application, the urinary tract infections (UTIs) segment held the largest revenue share of 37.31% in 2023 and it is expected to grow at the fastest CAGR from 2024 to 2030. Poor hygienic practices and certain lifestyle practices are contributing to the increasing number of UTIs. Thus, the rising UTI cases are propelling the demand for urology supplements.
  • Based on formulation, the capsules segment held the dominant revenue share in 2023 as capsules are a more convenient option for several consumers. On the other hand, the softgels segment is anticipated to grow at the highest CAGR from 2024 to 2030 owing to the faster absorption capability by human body.
  • Based on distribution channel, the brick & mortar segment dominated the market in 2023. On the other hand, the e-commerce segment is expected to witness the fastest growth over the forecast period.
  • Asia Pacific dominated the market with the highest revenue share in 2023 and it is expected to grow at the fastest CAGR over the forecast period, due to rising awareness regarding healthy lifestyle and growing consumer base.

Urology Supplements Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 1.90 billion

Revenue forecast in 2030

USD 3.04 billion

Growth rate

CAGR of 8.14% from 2024 to 2030

Actual data

2018 - 2023

Forecast period

2024 - 2030

List of Key Players in the Urology Supplements Market

  • Theralogix
  • Nature's Bounty
  • Solaray
  • Puritan's Pride
  • Schiff Nutrition
  • ZAHLER
  • Natrol, LLC.
  • Biotexlife
  • Himalaya Wellness.
  • Himalayan Organics

Access Press Release of Urology Supplements Market @ https://www.grandviewresearch.com/press-release/global-urology-supplements-market

 

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