Regional Analysis

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.

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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