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Chondroitin Sulfate Market is Thriving Worldwide By Size, Revenue, Emerging Trends and Top Growing Companies 2025
The global chondroitin sulfate market is anticipated to witness a sluggish growth in the coming years, as reported by Transparency Market Research (TMR). The vendors in the market are adopting the use of clinical trials for new products, which could give them a strategic advantage over their competitors. The industry is somewhat crippled with the recent identification of over-sulfated chondroitin sulfate as a heparin contaminant. Yet, vendors are being innovative in their approach. In 2017, Gnosis obtained a no objection certificate for non-animal chondroitin from the FDA. Such deliberate attempts toward innovations by vendors is predicted to play a substantial role in the providing an impetus to market growth, and opportunities for vendors in the global chondroitin sulfate.Some of the key vendors operating in the global chondroitin sulfate market are Sioux Pharm, Inc., Qingdao WanTuMing Biological Products Co., Ltd., Shandong Runxin Biotechnology Co., Ltd., and TSI Group Ltd.
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global chondroitin sulfate marketTMR predicts that the the global chondroitin sulfate market is likely to exhibit a CAGR of 3.3% between 2017 and 2025. At this pace, the global chondroitin market will reach US$457.7 mn by the end of 2025, from US$343.9 mn in 2016.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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