The global cyanocobalamin injection market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Cyanocobalamin is defined as a vitamin found in foods of animal origin such as liver, fish, and eggs, a deficiency of which can cause pernicious anemia. It contains a cyanide group bonded to the central cobalt atom of a cobalamin molecule. The market growth is majorly attributed to the increasing prevalence of paranoia, depression and bipolarity, and memory loss which are a result of deficiency of cyanocobalamin. As per the Institute for Health Metrics and Evaluation (IHME), Global Burden of Diseases, the typical age of onset of bipolar disorder is the late teens or the early 20s, and a history of depression is common in people diagnosed with bipolarity. Thus, in order to avoid the prevalence of such medical conditions among people, the demand for cyanocobalamin injections is likely to grow, thereby boosting the global cyanocobalamin injection market.
Get Free Sample link @ https://www.omrglobal.com/request-sample/cyanocobalamin-injection-market
Another key trend observed in the market includes the growing adoption of a vegan diet. Although veganism and the trend of vegetarian food have vastly affected the socioeconomics, it has also led to the lack of specific nutrients, for instance, nutrient B12 among the affected population. cyanocobalamin is the manufactured type of nutrient B12, whose deficiency may cause anemia (as nutrient B12 supports in the development of red platelets in the bone marrow). To supplement this lack, cyanocobalamin injections are adopted as effective sources to meet the insufficiency of vitamin B12.
Full report of Cyanocobalamin Injection Market available @ https://www.omrglobal.com/industry-reports/cyanocobalamin-injection-market
Market Coverage
Segment Covered-
- By Product Type
- By Application
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Merck & Co., Inc., and Mylan NV, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cyanocobalamin Injection Market Report by Segment
By Product Type
- 10 ML
- 30 ML
- Others
By Application
- Hospitals
- Clinics
- Others
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/cyanocobalamin-injection-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
