- Increasing chondroitin sulfate demand for osteoarthritis treatment is boosting growth in API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market
- North America emerged as the dominant region in global market in 2019 owing to increasing chondroitin sulfate demand for patient treatment in the U.S. and Canada
WILMINGTON, Del., Oct. 26 2022 /PRNewswire/ -- The last few years have witnessed steady rise in prevalence of different diseases worldwide in organs such as the heart, which has also led to increase in number of hospitalizations.
As the result, need for improved medication has risen, which has boosted the demand for products such as chondroitin sulfate and hyaluronic acid and contributed to growth in API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market.
As per TMR study, the global API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market is expected to advance at compound annual growth rate of 6.5% during the forecast period, starting in 2020 and ending in 2030.
New product launches are helping leading API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market players in generating new revenue streams and in gaining an edge over other market players.
Get Exclusive PDF Sample Copy of API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78276
In a bid to expand their presence in global market and increase their revenue shares, prominent API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market players are adopting strategies such as collaborating with smaller players.
Furthermore, leading manufacturers are also looking to adopt sustainable methods to produce chondroitin sulfate, which could fuel product demand, in future.
Key Findings of API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) Market Study
Rising Demand for Chondroitin Sulfate in Osteoarthritis Treatment Propelling Overall Market: The global API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market has witnessed significant growth in the last few decades owing to steady rise in demand of chondroitin sulfate and glucosamine to treat patients suffering from osteoarthritis, especially in developed economies worldwide. Clinical research activities have shown that administration of chondroitin sulfate by mouth can help in recovery of patients suffering from osteoarthritis. Furthermore, rising demand for pharmaceutical products with chondroitin sulfate is expected to trigger the growth in global market for API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin)
API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) Market-Key Drivers
- Increasing prevalence of different pancreatic and skin disorders is one of the key growth drivers of global API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market
- The demand for chondroitin demand remained unaffected during the COVID-19 pandemic phase, which ensured steady growth in API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market
Ask for References -https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=78276
API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) Market-Regional Market Insights
Globally, North America emerged as the dominant region in global API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market, in 2019 and is expected to remain as the most lucrative market, during the forecast period. Increasing demand for chondroitin sulfate in combination with other ingredients to help reduce pain in patients in countries such as the U.S. and Canada has emerged as key growth driver of the market in the region
API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) Market- Key Players
The global API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market is competitive, with the presence of several leading players. Entry of new players could intensify the competition in global market, during the forecast period.
Well-established market players are investing in R&D undertakings to develop improved products that would meet requirements of different customers in various end-use industries.
Some prominent players in global market include Shandong Runxin Biotechnology Co., Ltd., TSI Group Ltd., Summit Nutritionals International, Inc., Pacific Rainbow International, Inc., and Bioiberica S.A.U.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78276
The global API (Chondroitin Sulfate, Hyaluronic Acid and Pancreatin) market is segmented as follows:
- Product
- Chondroitin Sulfate
- Hyaluronic Acid
- Pancreatin
- Type
- Pellets
- Powder
- Others
- End-Use
- Pharmaceutical Companies
- Biotechnology Companies
- Others
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:
Mice Model Generation Market: The global mice model generation market is anticipated to reach more than US$ 918.4 Mn by 2031 at a CAGR of 8.1% from 2022 to 2031.
Cancer Biomarkers Market: The global cancer biomarkers market is anticipated to reach more than US$ 31.4 Bn by 2031 at a CAGR of 9.9% from 2022 to 2031.
Analytical Standards Market: The global analytical standards market is anticipated to reach more than US$ 2.29 Bn by the end of 2031 at a CAGR of 6.7% from 2022 to 2031.
Mice Model Technologies Market: The global mice model technologies market is anticipated to reach US$ 3.2 Bn by 2031 at a CAGR of 7.4% from 2022 to 2031.
Soft Tissue Allografts Market: The global soft tissue allografts market is anticipated to reach more than US$ 6.3 Bn by the end of 2031 at a CAGR of 5.5% from 2022 to 2031.
Animal Genetics Market: The global animal genetics market is anticipated to reach more than US$ 9.1 Bn by the end of 2031 at a CAGR of 6.7% from 2022 to 2031.
Transplant Drug Monitoring Assay Market: The global transplant drug monitoring assay market is anticipated to reach more than US$ 542 Mn by the end of 2031 at a CAGR of 11.0% from 2022 to 2031.
PRP and PRF in Cosmetics Market: The global PRP and PRF in cosmetics market is anticipated to exceed US$ 483 Mn by 2031 at a CAGR of 12.6% from 2022 to 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/api-chondroitin-sulfate-hyaluronic-acid-and-pancreatin-market-expected-to-reach-usd-4-7-billion-by-2030--tmr-study-301658639.html
