Emergence of Covid-19 and Increasing Sales of Cold, Flu and Immunity Supplements to Augment Growth of Immune Health Supplements Market
Countries like India, Pakistan, Brazil, Mexico, and Indonesia are seeing major increases in their annual consumption of immune health supplements. It is also common to find these products available at local pharmacies and even at many of the supermarket chains in developed nations like the U.S., U.K., and Australia. Market Dynamics The immune health supplements market is growing faster than any other sector in pharmaceuticals. This is largely attributed to the emergence of Covid-19. For instance, globally, as of 9:39am CET, 22 December 2020, there have been 76,023,488 confirmed cases of COVID-19, including 1,694,128 deaths, reported to the World Health Organization. Increasing prevalence of cancer is also expected to aid in growth of the immune health supplements market. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S. Among regions, North America is expected to w...