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Global Citicoline Market Expected to Secure Notable Revenue Share during 2018-2028 // Double Wood Supplements, NeurAxon Inc., Somazina by Grupo Ferrer Internacional in South Africa, Wellona Pharma Private Limited
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The product type including tablets, capsules, syrups and injections are extensively utilized as a brain supplement. With relatively about no side effects and plethora of health benefits the demand of citicoline is continuously increasing with evident expansion in global citicoline market. Citicoline is extensively prescribed throughout the world and has won the title of novel food ingredient in 2014 which is approved by European Union. It is recommended to use 250mg-500mg per day and even more intense in medical treatment.
Global citicoline market: Drivers and Restraints
Use of citicoline as a dietary supplement or food and beverage ingredient as well as a tablet is propelling the demand for global citicoline market. Citicoline shows an even promising future for cure in depression, cocaine addiction, glaucoma, memory and vision related disorders. The oral tablets are extensively used in the treatment of Alzheimer’s disease and cerebrovascular diseases such as memory loss and stroke. Treatment of cerebrovascular diseases, cerebral malaria and stroke recovery are too utilizing the benefits of citicoline elevate the popularity of global citicoline market.
Global citicoline market: Overview
Citicoline generates a large market because of no prescription requirement, easy access through retail and online shops and health perks fueling to expansion of global citicoline market. The wide probable use of citicoline in treating number of disease is luring the drug manufacturers, narrowing their focus on the possible treatments and extensive research on the citicoline. The undiscovered pharmacological actions of the citicoline requires an extensive research backing to offer new growth opportunities for global citicoline market.
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The rapid growth of the ecommerce and availability of these drugs on various portal is anticipated to fuel growth of the global citicoline market. The increasing awareness about the mental health is anticipated to offer lucrative growth opportunities for citicoline market. The demand for citicoline as a dietary supplement is exponentially increasing. Many preparations and combinations of citicoline have been introduced in the global citicoline market by the key players, citicoline combination Clinaxon P tablet by Abbott Healthcare for the treatment for rapid recovery in head trauma and cerebrovascular diseases is covering major share of the citicoline market.
Global citicoline market: Regional Outlook
The global citicoline market can be classified into the following region: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, led by the U.S., is expected to account for the largest share in the citicoline market, owing to the medical uses, large healthcare expenditure on dietary supplements and large per capita income in the region. The Asia Pacific citicoline market excluding Japan is projected to expand and dominate the scene in the near future, owing to the growing healthcare and pharmaceutical base. Global citicoline market is dominated by Japan owing to presence of research and pharmaceutical companies. For instance, citicoline is produced in Japan by Kyowa Hakko Bio Co. Ltd. under the brand name of Cognizin, produces citicoline by natural formation process rather than synthetic procedures. Germany, France and the U.K., are projected to be the largest drivers of the European citicoline market and expected to provide offerings by the key players and domestic players of the region due to quality healthcare facilities and public awareness throughout the forecast period. The alternate of citicoline, citicoline sodium is available on prescription medication in some European countries and throughout Asia.
Global citicoline market: Key Players
Some of the major vendors operating in the global citicoline market are Hakko Bio Co. Ltd., Jarrow formulas, Rx Pharma Pvt Inc., CerAxon by Ferrer Therapeutics, the U.S. subsidiary of the international pharmaceutical group, Ferrer Grupo., Double Wood Supplements, NeurAxon Inc., Somazina by Grupo Ferrer Internacional in South Africa, Wellona Pharma Private Limited, Intas Biopharmaceuticals Ltd in India.
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