Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

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.

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.

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 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.

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.

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
N/A

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.