Market Challenges And Opportunities

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.

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.