Published: Jul, 2018

The global chondroitin sulfate market is anticipated to witness a sluggish growth in the coming years, as reported by Transparency Market Research (TMR). The vendors in the market are adopting the use of clinical trials for new products, which could give them a strategic advantage over their competitors. The industry is somewhat crippled with the recent identification of over-sulfated chondroitin sulfate as a heparin contaminant. Yet, vendors are being innovative in their approach. In 2017, Gnosis obtained a no objection certificate for non-animal chondroitin from the FDA. Such deliberate attempts toward innovations by vendors is predicted to play a substantial role in the providing an impetus to market growth, and opportunities for vendors in the global chondroitin sulfate.

Some of the key vendors operating in the global chondroitin sulfate market are Sioux Pharm, Inc., Qingdao WanTuMing Biological Products Co., Ltd., Shandong Runxin Biotechnology Co., Ltd., and TSI Group Ltd.

global chondroitin sulfate marketTMR predicts that the the global chondroitin sulfate market is likely to exhibit a CAGR of 3.3% between 2017 and 2025. At this pace, the global chondroitin market will reach US$457.7 mn by the end of 2025, from US$343.9 mn in 2016.

Among the application segments, dietary supplements is expected to emerge dominant with the highest market share in the coming years. Geographically, North America is prognosticated to be the leading region in the global chondroitin sulfate market over the forecast period.

Rising Incidence of Osteoarthritis to Propel Market

Salves, skin creams and infusions containing chondroitin sulfate likewise utilized by individuals enduring osteoarthritis, which is a key driver for the development of the global Chondroitin Sulfate market as osteoarthritis is a standout amongst the most widely recognized types of joint inflammation influencing 20 million individuals in USA alone.

Generally utilized together with glucosamine it is additionally utilized as a part of veterinary prescription. Likewise taken by mouth for HIV/AIDS, coronary illness, heart assault, muscle soreness after exercise and flaky skin (psoriasis). Notwithstanding being utilized as an eye drop for sore eyes, it is utilized in medical procedures, and as an answer for safeguarding corneas utilized for transplants. Infusing an answer that contains chondroitin sulfate and sodium hyaluronate into the eye secures the eye during waterfall medical procedure additionally expanding the convenience of this item and further driving the demand in the global chondroitin sulfate market.

Reactions of Product May Hamper Growth

Despite the fact that any clinical symptoms or overdoses of chondroitin sulfate have not been distinguished in clinical examinations, there is some worry about the health of chondroitin sulfate since it originates from animal sources. Some chondroitin tablets may contain abnormal amounts of manganese, which could be dangerous with long haul utilize. Opposite reactions which may fluctuate from individual to individual incorporate loose bowels, blockage and stomach torment, swelling, the runs, clogging, cerebral pain, swollen eyelids, leg swelling, male pattern baldness, skin rash, and unpredictable pulse. These variables are probably going to limit market development of the global Chondroitin Sulfate market. Also, social and religious restraints over sure immature countries could posture danger to the global chondroitin sulfate market.

In any case, factors, for example, the expanding occurrence of osteoarthritis around the world, the rising mindfulness with respect to joint health, and the dispatch of new chondroitin sulfate mixes will have positive effect on the general market.

This review is based    TMR’s report titled, “Global Chondroitin Sulfate Market - (Application – Pharmaceuticals, Dietary Supplements, Cosmetics, and Veterinary Use; Source – Bovine, Porcine, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”Top of Form

The market is segmented along the following lines:

Global Chondroitin sulfate Market, by Application

  • Pharmaceutical
  • Dietary Supplements
  • Cosmetics
  • Veterinary Use

Global Chondroitin sulfate Market, by Source

  • Bovine
  • Porcine
  • Others

Global Interventional Radiology Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to industry leaders, consultants, and strategy professionals.

Our reports are single-point solutions for industries to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These demands are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for client-specific problems with right methodology of research is the key to help enterprises reach right decision.

U.S. Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

.