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 that involve ingesting nitrate or nitrite precursors to support the endogenous production of nitric oxide in the human body. Nitric oxide aids in healthy blood flow and supports cardiovascular function. It helps relax smooth muscles in blood vessels to allow more oxygenated blood to circulate effectively. Nitric oxide supplements are sold as capsules, tablets, powders and liquids and are used by bodybuilders, athletes and individuals aiming to boost workouts and endurance.
Market key trends:
One of the key trends in the Nitric Oxide Supplements Market Size is the growing popularity of vegan and plant-based supplements. As concerns regarding animal welfare and environmental sustainability increase, many consumers prefer supplements sourced from plants over those involving animal products. Several manufacturers have launched nitric oxide boosters containing beetroot and other plant-based nitrate sources to cater to this health-conscious demographic. These supplements are gaining traction as they provide comparable cardiovascular and performance benefits as animal-derived options in a more eco-friendly format.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as starting a business in the nitric oxide supplements market requires high capital investment for manufacturing, R&D and complying with regulations. However, the market is expected grow rapidly which can attract new players.
Bargaining power of buyers: The bargaining power of buyers is high as the nitric oxide supplements market has numerous buyers and products from various manufacturers are close substitutes. Buyers can easily switch between brands.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material suppliers have established relationships with manufacturers and switching costs are high for manufacturers. However, new suppliers are easy to find.
Threat of new substitutes: The threat of substitutes is low as nitric oxide supplements have limited substitutes and buyers will not switch easily owing to perceived health benefits of nitric oxide.
Competitive rivalry: The competitive rivalry is high owing to presence of numerous global and regional players offering a variety of nitric oxide supplements. Manufacturers compete based on product quality, price and brand image.
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 geriatric population and rising awareness about benefits of nitric oxide.
Regional analysis
North America dominates the global nitric oxide supplements market and is expected to maintain its lead over the forecast period. This is attributed to growing health awareness, higher disposable incomes, developed healthcare infrastructure and active lifestyle of people in the US and Canada. Asia Pacific is projected to grow at a highest CAGR during the forecast period due to rapidly aging population, increasing urbanization and healthcare expenditure in countries like China and India.
Key players
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.
Read More: https://www.trendingwebwire.com/nitric-oxide-supplements-market-analysis/
The new research report titled "Inhaled Nitric Oxide Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Inhaled Nitric Oxide Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/inhaled-nitric-oxide-market/download-sampleMarket DynamicsThe major drivers strengthening the Inhaled Nitric Oxide Market includes growing respiratory disease such as acute respiratory distress syndrome (ARDS) across the globe.
Also, increase in research and development investment in improving inhaled nitric oxide application in the healthcare sector will surely help in driving the demand of inhaled nitric oxide.
Moreover, the high demand in the treatment for hypoxemic respiratory failure in newly born infants is positively impacting the market.
