U.S. Secondary Hyperoxaluria Drug Market is expected to grow with the CAGR of 64.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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U.S. 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 U.S. secondary hyperoxaluria drug market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance:
- In August 2020, Nestle 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. This product offers trusted and proven solutions of dietary supplements. This will increase the brand portfolio of Nestle and will contribute to the company’s revenue in near future.
Nestlé is the dominating player in U.S. secondary hyperoxaluria drug market. The other key players existing in the market includes GlaxoSmithKline plc, Bayer AG, Pharmavite, Solgar Inc., Pharmavite, Mission Pharmacal Company, Oystershell, Allena Pharmaceuticals, Inc., Celebrate Vitamins, Entring, LLC, OxThera, Renew Life Formulas, Inc. and Synlogic among others.
Nestlé
Nestlé is headquartered in Vevey, Switzerland and was founded in 1866 and mainly focuses on delivering high quality microalgae product for health and human nutrition in 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, pet care. In this nutrition & health science is the market focussed segment. The company has wide product portfolio such as baking, beverages, chilled and frozen, coffee, food services, gerber, health science, international, pet care, water. In this health science is the market focused category.
- In June 2020, Nestle health science which have focus on nutrition science had decided to expand the market by the acquiring majority stakes in Vital Proteins which offer supplements, food product and beverages. This acquisition is subjected to regulatory approval challenges and is an opportunity for Nestle 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, Oceania. The company also has various subsidiary companies such as Nestle Waters North America, Inc. (Wilmington), Osem USA Inc. (New York), Pure Encapsulations, LLC (Wilmington), Red Maple Insurance Company (Williston), and Nestle Ireland Ltd. (Dublin) among others
GlaxoSmithKline plc
GlaxoSmithKline plc is headquartered in Brentford, U.K. was founded in 1715. The company focuses on become one of the best company in the field of innovation, development of drugs and vaccines that will be beneficial to both patients and consumers. The company has business segment such as pharmaceuticals, vaccines and consumer healthcare and among them pharmaceuticals is the market focused category the company provide product for prescription medince in secondary hyperoxaluria drug market.
The company has presence in Asia-Pacific, Middle East and Africa, Europe, Americas, Australia and have 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 was founded in 1863. The company focuses on The Company is focused towards creating value for their customers, stockholders and employees while strengthening the company's earning power. The company is engaged in providing wide range of product categories such as pharmaceuticals, consumer health, crop science in which consumer health is the market focused product category.
- 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’s and will increase the company revenue, product portfolio and global presence in Personalized nutrition’s.
The company is present in Asia-Pacific, Australia, Europe, Latin America, Middle East and Africa, 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.
