Global Palmitoylethanolamide Market Size By Type, By Application, By Geographic Scope And Forecast

Palmitoylethanolamide Market Size And Forecast

Palmitoylethanolamide Market is growing at moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027

The rising popularity of technology-driven platforms for self-growth amongst millennials is also expected to positively impact market growth during the forecast period. The Global Palmitoylethanolamide Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Palmitoylethanolamide Market Definition

So, Palmitoylethanolamide (PEA) – it's basically a natural fatty acid amide our bodies make, and it falls under the category of nuclear factor agonists. PEA has been investigated in labs and in living organisms using added or dosed PEA. The cool thing is, there's evidence it hooks up with a nuclear receptor, which then triggers a bunch of biological responses, some of which have to do with chronic inflammation and pain. Palmitoylethanolamide (PEA), you might also see it called palmitoylethanolamine or N-2 hydroxyethyl palmitamide, is part of the N-acylethanolamines (NAEs) family. These NAEs are naturally occurring and biologically active lipids that go to work on cannabinoid receptor (CR2) and chat with inflammatory cells in the nervous system. Now, when it comes to chronic pain and neuropathic pain, there's definitely a big need for better treatments. That's where PEA comes in – it's been put through its paces in various animal models dealing with both chronic and neuropathic pain.

The analgesic and antihyperalgesic effects of PEA in two models of acute and persistent pain seemed to be explained at least partly via the de novo neurosteroid synthesis. In chronic granulomatous pain and inflammation model, PEA could prevent nerve formation and sprouting, mechanical allodynia, and PEA inhibited dorsal root ganglia activation, which is a hallmark for winding up in neuropathic pain. The mechanism of action of PEA as an analgesic and anti-inflammatory molecule is probably based on different aspects.

Global Palmitoylethanolamide Market Overview

The market is expected to see a considerable amount of growth during the forecast period. The major factors that drive the growth of the market include increase in the incidence of neuropathic pain, fibromyalgia, multiple sclerosis (MS), carpal tunnel syndrome, rise in the number of disease awareness programs especially in the developing countries, and development of effective combination drug to treat neuropathic pain, multiple sclerosis and carpal tunnel syndrome.

Moreover, increase in government initiatives and rise in health awareness are the factors expected to augment the global market. Increase in demand for personalized medicines, and better diagnostic facilities are likely to propel the global palmitoylethanolamide market.

The new product launches by pharmaceutical manufacturers such as over-the-counter drugs are expected to witness substantial growth during the forecast period. Furthermore, the growing health awareness among consumers and rising medical knowledge with the help of the internet are driving the sales of over-the-counter drugs.

However, strict rules and health concerns arising from the harmful effects of chemicals on human well-being are the major factors that are expected to hamper palmitoylethanolamide market growth.

Global Palmitoylethanolamide MarketSegmentation Analysis

The Global Palmitoylethanolamide Market is segmented based on Type, Application and Geography.

 Palmitoylethanolamide Market By Type

• Purity>99%
• Purity>98%

 Palmitoylethanolamide Market By Application

• Biology
• Pharmaceutical

 Palmitoylethanolamide Market By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

North America is taking up the largest share in the Palmitoylethanolamide market and it is estimated that the region will continue dominating the market until next couple of years. Asia Pacific and Europe are also displaying a robust growth due to emergence of huge market growth opportunities in these regions.

Key Players In Palmitoylethanolamide Market

The “Global Palmitoylethanolamide Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Gihi Chemicals, Cayman Chemical, Synhwa Pharmachem, PeaCURE, TCI Chemicals, STA, and Wuxi Cima Science. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Palmitoylethanolamide Market Report Scope

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