New York, December 02, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Chondroitin Sulfate Market – Growth, Trends and Forecasts (2020 – 2025)” – https://www.reportlinker. com / p05993765 /? utm_source = GNW
Population aging and rising obesity seen in all age groups are the leading causes of osteoarthritis in the country.
Furthermore, increasing applications of chondroitin sulfate in various treatments are boosting the overall growth of the market for Chondroitin Sulfate globally. Not only in the treatment of osteoarthritis, but Chondroitin sulfate is also used in eye drops to treat dry eyes. In addition, it is also used in the solution to protect a cornea during transplant during the cataract surgery.
In April 2015, Santen Pharmaceutical Co., Ltd. launched New Sante de U ?, an OTC eye drop with sodium Chondroitin sulphate as an active ingredient for relieving eye fatigue and preventing eye disease.
Key Market Trends
Pharmaceutical Segment is expected to hold a Significant Market Share
Chondroitin sulfate is mainly used for the treatment of osteoarthritis. Often used in combination with other ingredients such as glucosamine sulfate, manganese ascorbate, N-acetyl glucosamine or glucosamine hydrochloride. Chondroitin sulfate is also taken orally for heart attacks, HIV / AIDS, heart disease, osteoporosis, joint pains due to the drugs used to treat breast cancer, high cholesterol, muscle soreness after exercise. body, acid reflux, interstitial cystitis, Kashin-Beck disease, and psoriasis.
Chondroitin sulfate is approved by the FDA as a fall eye to treat dry eyes and also used as a remedy for preserving cornea during cataract surgery. In 2017, Imprimis Pharmaceuticals Inc., a pharmaceutical company focusing on ophthalmology, announced that it has entered into a licensing agreement for the exclusive global rights to Klarity, a topical ophthalmic solution, and gel technology for patients with dry eye disease (DED).
Chondroitin sulfate cream can be used in combination with glucosamine sulfate, shark cartilage, and camphor for osteoarthritis pain. Some patients inject chondroitin sulfate in the muscles for osteoarthritis and some insert chondroitin sulfate into the bladder for urinary tract infections, bladder conditions, or loss of bladder control. So there are a wide range of medicinal applications of chondroitin sulfate, the appropriate segment is expected to grow significantly.
North America Holds Major Share in Global Chondroitin Sulfate Market
The well-established pharmaceutical industry in the North American region and the growing USFDA approvals for chondroitin sulfate can be credited to the growth of the Chondroitin Sulfate Market in the region.
High prevalence of osteoarthritis and increased use of cholesterol in cataract surgery and formulations for eye fall are also a few factors that enhance growth in North America. In November 2017, Gnosis launched the first dietary supplements with Mythocondro, the unique 100% vegan chondroitin sulphate similar to human synovial fluid into the U.S. market.
Asia Pacific is estimated to be the fastest growing region during the forecast period due to the prevalence of osteoarthritis and a growing awareness of the applications of chondroitin sulfate in personal care and nutritional supplements.
The market is relatively competitive due to the presence of many manufacturers. Competition in the market is moderate due to the increased investments in R&D for product innovation and increased product efficiency by launching new products into the market. With the increasing prevalence of osteoarthritis and other signs of use of Chondroitin Sulfate, it is thought that few small to medium sized companies will enter the market in the future.
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