Coherent Market Insights published a business research report on Horse Chestnut Seed Extract Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022–2028. Horse Chestnut Seed Extract Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Horse chestnut seed extract is a plant based medicine and its effective ingredient is extracted from the seed of horse chestnut. The benefits of horse chestnut seed extract have been documented for centuries. Moreover, it is an excellent remedy for a wide range of venous diseases, including varicose veins. But the downside is that it is often prohibitively expensive and does not qualify as a ‘prescribed’ medication. The most common side effects associated with horse chestnut seed extract are weakness, depression, dilated pupils, a decreased libido, difficulty urinating, and muscle twitching. It is available in capsules and tablets, and can be taken internally or externally. Horse chestnut seed extract may be helpful for treating venous insufficiency. It can be applied externally or taken orally. In a study, it reduced the production of enzymes responsible for varicose veins. Furthermore, it can be used as a topical cream. The symptoms are, swelling in the lower legs and ankles, aching or tiredness in the legs, new varicose veins, leathery-looking skin on the legs, flaking or itching skin on the legs or feet, Stasis ulcers.
Global Horse chestnut seed extract Market Drivers
Key manufacturers provide the products for the treatment of chronic venous insufficiency in the patients. For instance, Cesra Arzneimittel GmbH & Co. KG is one of the producer of horse chestnut seed extract tablets which has been found effective against chronic venous insufficiency, varicose veins etc.
Rise in the prevalence of the chronic venous insufficiency is projected to fuel the global horse chestnut seed extract market over the forecast period. For instance, according to the journal, Science Direct, 2016, chronic venous insufficiency is 2 times more prevalent than coronary disease and 5 times more prevalent than peripheral arterial disease. The reported rate of CVD ranges from 20% to 60%, and is more common among adults. According to the same source, early stages of venous reflux may occur in as many as 25% of women and 15% of men while later stages of venous reflux, such as venous ulceration, may occur in 5% of the population. According to NCBI, 2018, during the onset of periods and pregnancy, most of the women are prone to venous insufficiency. Other reasons are standing and sitting for long periods of time, sitting cross legged, obesity, and others. All these factors are projected to augment the global horse chestnut seed extract market over the forecast period.
Global Horse chestnut seed extract Market Restraints
Availability of alternative treatments for the chronic venous insufficiency is projected to hinder the global horse chestnut seed extract market. For instance, microsclerotherapy is one of the alternative technique which scars the affected vein by injecting sclerosants. Endovenous thermal ablation is another technique which uses high frequency radio waves or laser to heat and permanently close the affected vein. Surgery is another option but very few people opt for surgery for the treatment of venous insufficiency.
Moreover, side effects associated with the horse chestnut seed extract tablets intake in the population such as anaphylactic reactions, dizziness, headache, itching, gastrointestinal problems, acute renal failure is expected to hinder the global horse chestnut seed extract market growth over the forecast period.
Global Horse chestnut seed extract Market Regional Analysis
North America is expected to hold the dominant position in the global horse chestnut seed extract market due to the growing prevalence of chronic venous insufficiency in the population. For instance, According to the Wiley online Library, 2017, approximately 1 in 4 adults in the United States have varicose veins in one form or another. Over the age of 50, the prevalence rises to approximately 1 in 2. According to National Center for Biotechnology Information (NCBI), 2018, 1% to 17% of men and 1% to 40% of women may experience chronic venous insufficiency worldwide. According to the same source, there have been low overall prevalence observed in the Asia- Pacific regions.
There is a high prevalence of varicose veins in the geriatric population world-wide. For instance, according to NCBI, 2018, when the population was divided into three age groups of 40, 50, and 60 year olds, the prevalence of varicose veins world-wide was 22%, 35%, and 41% respectively. According to the data provided by United Nations.Org (world population prospects: 2019 revision), currently, in 2019, one in 11 people are over the age of 65 (9%). By the year 2050, one in six people in the world will be over age 65 (16%), and one in four persons living in Europe and Northern America could be aged 65 or over and the number of persons aged 80 years or over is projected to triple the current number i.e. from 143 million in 2019 to 426 million in 2050. The percentage of aging population in North America is projected to rise in future. Thus rise in the prevalence of venous insufficiency in population is projected to augment the global horse chestnut seed extract market over the forecast period.
Global Horse chestnut seed extract Market Key Players
Cesra Arzneimittel GmbH & Co. KG, Plamed Green Science Group and et-chem.com.
- Chronic Venous insufficiency
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Latin America
- Middle East
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Horse Chestnut Seed Extract Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Horse Chestnut Seed Extract Industry Impact
Chapter 2 Global Horse Chestnut Seed Extract Competition by Types, Applications, and Top Regions and Countries
2.1 Global Horse Chestnut Seed Extract (Volume and Value) by Type
2.3 Global Horse Chestnut Seed Extract (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Horse Chestnut Seed Extract Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Horse Chestnut Seed Extract Market Analysis
Chapter 6 East Asia Horse Chestnut Seed Extract Market Analysis
Chapter 7 Europe Horse Chestnut Seed Extract Market Analysis
Chapter 8 South Asia Horse Chestnut Seed Extract Market Analysis
Chapter 9 Southeast Asia Horse Chestnut Seed Extract Market Analysis
Chapter 10 Middle East Horse Chestnut Seed Extract Market Analysis
Chapter 11 Africa Horse Chestnut Seed Extract Market Analysis
Chapter 12 Oceania Horse Chestnut Seed Extract Market Analysis
Chapter 13 South America Horse Chestnut Seed Extract Market Analysis
Chapter 14 Company Profiles and Key Figures in Horse Chestnut Seed Extract Business
Chapter 15 Global Horse Chestnut Seed Extract Market Forecast (2021-2027)
Chapter 16 Conclusions
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