HORSE CHESTNUT SEED EXTRACT MARKET (2020-2027)

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CHESTNUT SEED EXTRACT MARKET ANALYSIS (2020-2027)

• Horse Chestnut Seed Extract Market, By
  Application (Chronic Venous Insufficiency,
  Cosmetics), By Distribution Channel (Hospital
  Pharmacies, Retail Pharmacies, Online
  Pharmacies), By Region (North America, Latin
  America, Europe, Asia-Pacific, Middle East,
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

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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. It is
  used for the treatment of chronic venous
  insufficiency (CVI), which is a condition that
  occurs when the venous wall and/or valves in the
  leg veins are not able to transfer the blood from
  the lower limbs, towards the heart. This results
  in the blood to collect in these veins, making it
  difficult for blood to return to the heart from
  the legs. When the veins and valves are weakened
  to the point where it is difficult for the blood
  to flow up to the heart, blood pressure in the
  veins stays elevated for long periods of time,
  leading to CVI.  CVI occurs due to aging,
  extended sitting or standing or a combination of
  aging and reduced mobility.  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.

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• Global Horse chestnut seed extract Market Drivers
• Leading manufacturers offer the products for the
  treatment of chronic venous insufficiency in the
  patients. For instance, Cesra Arzneimittel GmbH
  Co. KG is one of the manufacturer of horse
  chestnut seed extract tablets which has been
  found effective against chronic venous
  insufficiency, varicose veins etc.
• Increased prevalence of the chronic venous
  insufficiency is expected to increase 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. The above factors
  are expected to boost the global horse chestnut
  seed extract market over the forecast period.

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• Global Horse chestnut seed extract Market
  Restraints
• Presence of alternative treatments for the
  chronic venous insufficiency is expected to
  restrain the global horse chestnut seed extract
  market over the forecast period. 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. Some side effects have also been
  reported with the horse chestnut seed extract
  tablets intake in the population such as
  anaphylactic reactions, dizziness, headache,
  itching, gastrointestinal problems, acute renal
  failure. These factors are expected to decline
  the global horse chestnut seed extract market
  growth over the forecast period.

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• 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 over the forecast period owing to
  the increasing 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.

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• Prevalence of varicose veins has been reported in
  the aged 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. Therefore the percentage of geriatric
  population in North America is expected to rise
  in future. Thus increase in the prevalence of
  venous insufficiency in population is expected to
  boost the global horse chestnut seed extract
  market over the forecast period.

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• Global Horse chestnut seed extract Market Key
  Players
• Some of the key players operating in the global
  horse chestnut seed extract market are Cesra
  Arzneimittel GmbH Co. KG, Plamed Green Science
  Group and et-chem.com.

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• Market taxonomy

• By Application
• Chronic Venous insufficiency
• Cosmetics
• By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

• By Region
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East
• Africa

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