Vinpocetine Market Scope
Vinpocetine has been extensively sold in the country as a dietary supplement for about two decades and booming the market demands for vinpocetine. Vinpocetine is a compound derived from the periwinkle plant – has been observer increasing demand for use as a supplement to improve biological aspects of memory and prevent cognitive impairment. The use of it offers benefits for improving memory and thinking skills, increasing energy, and weight loss, and many more conditions. According to research Stroke is the third leading cause of death in the United States. Of the more than 700,000 people affected every year, about 500,000 of these are first attacks and 200,000 are recurrent. About 25 percent of people who recover from their first stroke will have another stroke within five years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Gedeon Richter (Hungary), Pharma Trade (UAE), Pharma Micro Labs (India), Life Extension (United States), Life Extension (United States), Sun Pharma (India), Covex (Spain) and Puritan’s Pride (United States) |
CAGR | % |
Global Vinpocetine production is highly fragmented and the market key players major manufacturers have used various strategies such as product launches, acquisitions, agreements, expansions, partnerships, joint ventures, and others to boost their domination over this market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Vinpocetine market throughout the predicted period.
Gedeon Richter (Hungary), Pharma Trade (UAE), Pharma Micro Labs (India), Life Extension (United States), Life Extension (United States), Sun Pharma (India), Covex (Spain) and Puritan’s Pride (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Swanson Superior Herbs (United States) and Pure Encapsulations (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Vinpocetine market by Type , by Application (Household and Hospital) and Region with country level break-up.
On the basis of geography, the market of Vinpocetine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In October 2021, One of our partners in Bosnia (AMSAL) launched a new SKU Memoxa 5mg (Vinpocetine) successfully, after more than a year of fruitful sales and good marketing results with Memoxa 10mg.
"On September 6, 2016, the FDA announced its tentative conclusion that vinpocetine (1) does not meet the definition of a dietary ingredient, and (2) is excluded from the definition of a dietary supplement in the Federal Food, Drug, and Cosmetic Act (FD&C Act)."
Influencing Trend:
Emerging demand for Vinpocetine as a Dietary supplement and Emerging demand for vinpocetine for treating stroke, senile dementia and memory disturbances
Market Growth Drivers:
Increasing adoption of Dietary supplements, Growing awareness of calorie reduction and weight loss and Global healthcare and malnutrition problems are increasing, creating a demand for dietary supplements
Challenges:
Adverse effects of Vinpocetine Supplements on Woman and Lack of knowledge about the consumption of dosage of the supplements
Restraints:
FDA issues warning for vinpocetine
Opportunities:
Growing claims from companies marketing dietary supplements containing vinpocetine as an active ingredient that the item for consumption to help and improve athletic performance, boost memory loss, and in weight management has lead to the speedy development of the global vinpocetine market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Vinpocetine Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry