Nestlé, GlaxoSmithKline plc and Bayer AG are Dominating in the Global Secondary Hyperoxaluria Drug Market in 2020

Global Secondary Hyperoxaluria Drug Market is expected to grow with the CAGR of 67.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global secondary hyperoxaluria drug market is a highly consolidated market which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.    

The major players dealing in global secondary hyperoxaluria drug market are introducing strong range of products provider along with pipelines products and adopting strategic initiatives such as acquisition and agreement into the market. This helped companies to maximize the sales with enhanced product portfolio. For instance, in August 2020, Nestlé Heath Science which is known for its nutritional supplements announced to acquire the business of IM Health Science along with its brand such as FDgard, REMfresh, FiberChoice among others. The products offer trusted and proven solutions of dietary supplements. This will increase the brand portfolio of Nestlé and will contribute to the company’s revenue in near future.

Nestlé is the dominating player in global secondary hyperoxaluria drug market. The other key players existing in the secondary hyperoxaluria drug market includes GlaxoSmithKline plc, Bayer AG, Pharmavite, Solgar Inc., Mission Pharmacal Company, Oystershell, Allena Pharmaceuticals, Inc., Celebrate Vitamins, Entring, LLC, OxThera, Renew Life Formulas, Inc., Synlogic, TIENS, Amway Corp., Infinitus (China), Now Foods, Nature's Bounty among others.

Secondary Hyperoxaluria Drug MarketNestlé:  

Nestlé is headquartered in Vevey, Switzerland and was founded in 1866. The company is focused on providing high quality microalgae products for health and human nutrition in a sustainable, reliable and environmentally sensitive operation. The company has multiple business segments including powdered & liquid beverages, water, milk products & ice-cream, nutrition & health science, prepared dishes & cooking aids, confectionery and pet care out of which nutrition & health science is the market focused segment. The company has wide range of products under categories such as baking, beverages, chilled and frozen, coffee, food services, gerber, health science, international, pet care and water among which health science is the market focused category.

For instance,

  • In June 2020, Nestlé Health Science which has focused on nutrition science had decided to expand the market by acquiring majority of stakes in vital proteins which offer supplements, food product and beverages. This acquisition is subjected to regulatory approval challenges and is an opportunity for Nestlé Health Science to make a way to expand more in nutrition business.

The company has wide presence across Middle East and Africa, Americas, Asia-Pacific, Europe and Oceania. The company also has various subsidiary companies such as Nestlé Waters North America, Inc. (Wilmington), Osem USA Inc. (New York), Pure Encapsulations, LLC (Wilmington), Red Maple Insurance Company (Williston), Nestlé Ireland Ltd. (Dublin) among others. 

GlaxoSmithKline plc:

GlaxoSmithKline plc is headquartered in Brentford, U.K. and was founded in 1715. The company is focused to become one of the best companies in the field of innovation, development of drugs and vaccines that will be beneficial to both patients and consumers. The company has multiple business segments such as pharmaceuticals, vaccines and consumer healthcare out of which pharmaceuticals is the market focused segment. The company provides various products under categories such as prescription medicines, vaccines, consumer healthcare products, ViiV healthcare and stiefel dermatology among which prescription medicines is the market focused category.

The company has wide presence in Asia-Pacific, Middle East and Africa, Europe, Americas and Australia and has various subsidiaries such as GlaxoSmithKline Pharmaceuticals Ltd (India), Tesaro (U.S.), GlaxoSmithKline Pakistan (Pakistan), Stiefel Laboratories (U.S.), Allen & Hanburys (U.K.) among others.

Bayer AG:

Bayer AG is headquartered in Leverkusen, Germany and was founded in 1863. The company is focused towards creating value for their customers, stockholders and employees while strengthening the company's earning power. The company has multiple business segments such as crop science, pharmaceuticals and consumer health out of which consumer health is the market focused segment. The company provides various products under categories such as pharmaceuticals, consumer health and crop science among which consumer health is the market focused category. 

For instance,

  • In November 2020, Bayer AG announced that they have acquired Care/of, a company which makes high quality of vitamins and supplements for daily need and is founded only four years back. This acquisition will enhance the strategic business objective by moving forward in making personalized nutrition and will increase the company revenue, product portfolio and global presence in personalized nutrition.

The company has wide presence in Asia-Pacific, Australia, Europe, Latin America, Middle East and Africa and North America. The company has several owned subsidiaries involving Bayer Algerie S.P.A. (Algeria), Bayer S.A. (Argentina), Monsanto Argentina SRL (Argentina), Bayer CropScience Holdings Pty Ltd (Australia), Cotton Growers Services Pty. Limited (Australia), Bayer CropScience Ltd. (Bangladesh), Bayer NV (Belgium), Bayer S.A. (Brazil) and many more.