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

Palmitoylethanolamide (PEA) is an endogenous fatty acid amide, belonging to the class of nuclear factor agonists PEA has been studied in in vitro and in vivo systems using exogenously added or dosed compound; there is evidence that it binds to a nuclear receptor, through which it exerts a variety of biological effects, some related to chronic inflammation and pain. Palmitoylethanolamide (PEA), also called palmitoylethanolamine or N-2 hydroxyethyl palmitamide), belongs to the family of N-acylethanolamines (NAEs), naturally occurring, biologically active lipids that act on cannabinoid receptor (CR2) and interact with inflammatory cells in the nervous system. Chronic pain and neuropathic pain are indications for which there is high unmet need in the clinic. PEA has been tested in a variety of animal models for 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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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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