Global pentosan polysulfate sodium market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Pentosan polysulfate sodium is a semi-synthetically formed heparin-like macromolecular carbohydrate derivative that structurally and chemically resembles glycosaminoglycans. The odorless white powder is soluble in water and is slightly hygroscopic in nature. Its molecular weight ranges from 4000 to 6000 Dalton.
The factors that are playing a major role in the growth of pentosan polysulfate sodium market are the rising use for treating interstitial cystitis, the rising demand from end users, and the growing occurrence of interstitial cystitis. However, the side effects of pentosan polysulfate sodium and decreasing its usage may restrain overall market growth in the years to come. The market is segmented based on type, application, and region.
Purity <99% and purity >99% are the types that could be explored in pentosan polysulfate sodium market in the forecast period. Capsules, tablets, and other product types could be explored in pentosan polysulfate sodium industry in the forecast period. The market may be categorized based on applications like transmissible spongiform encephalopathies, anticoagulant, osteoarthritis, interstitial cystitis, and others could be explored in pentosan polysulfate sodium in the forecast period.
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Globally, North America accounted for the substantial market share of pentosan polysulfate sodium and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the high demand from the consumers. The United States is a major consumer of pentosan polysulfate sodium in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of pentosan polysulfate sodium in this region.
The key players of pentosan polysulfate sodium market are Reva Pharmachem (P) Ltd., Ogene Systems (I) Pvt., GVK BIO, and CF Pharma. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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