Catharanthine Market by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2026

Catharanthine Market Overview

Medicinal plants today form a major portion of rich biodiversity globally and are still not explored to its potential. The need for the new medicinal products out from the plant has received a great interest in the present research world due to high cost and the higher side effects that are associated with the chemically manufactured drug

. Catharanthine is defined as an alkaloid which is isolated from catharanthus roseus, which is a potent medicinal plant for many of the pharmacological reactions such as antimicrobial, antioxidant and antidiabetic effect amongst others. The essential chemical, can be used as a starting material for the synthesis of the anti-tumour drugs vinblastine and vincristine.

It stimulates the release of amylase from pancreatic fragments and causes extensive degranulation of pancreatic acinar cells. Catharanthine finds a number of application in the healthcare and pharmaceutical industry. It is highly utilized in the treatment of childhood cancer.

Catharanthine is less known in the market and hence is at the initial stage of advancement showcasing high potential over the forecast period. Catharanthine is relatively new to the market and hence, the global catharanthine market is very niche. Moreover, with the increasing awareness among market players about the benefits of catharanthine, the market is anticipated to witness a high growth over the forecast period

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Global Catharanthine Market: Drivers & Restraints

The global catharanthine market is mainly driven by the growth in the medical and pharmaceutical industry. Currently, the global healthcare expenditure represents 10.6% of the overall GDP and is anticipated to register a steady CAGR of 5% in the next five years. Catharanthine finds major application in healthcare industry.

The rise in chronic diseases has led to the increase in the demand for pharmaceutical products, which in turn is projected to boost the global catharanthine market by the end of forecast period. Moreover, some of the other macro-economic factors affecting the global catharanthine market are aging population, changing lifestyle of people and the increase in disposable income of people.

The global catharanthine market is anticipated to grow with the technological advancements undertaken by most of the global manufacturers. More and more players are expected to invest in the catharanthine production in the coming years.