Dextran Sulfate Sodium Market: Snapshot
The global dextran sulfate sodium market may record substantial growth during the forecast period of 2020-2030 on the grounds of large-scale utilization across a variety of applications such as hospitals, research institutes, and pharmaceutical companies. Research institutes use the dextran sulfate sodium (DSS) model for experimental colitis, thus leading in the discovery of early histopathologic changes leading to colitis.
The function of dextran sulfate sodium powder as a nonsurfactant, suspending agent with gel-forming and viscosity controlling properties makes it an ideal match for use in moisturizers and gels. This aspect may bring immense growth prospects for the dextran sulfate sodium market through the forecast period of 2020-2030. On the basis of the product, the global dextran sulfate sodium market can be segmented into chemical-grade and pharmaceutical grade.
This dextran sulfate sodium market report has detailed information on diverse factors associated with bringing growth. Prominent factors such as emerging trends, mergers and acquisitions, and the geographical prospects of the dextran sulfate sodium market have been studied in the report. The stakeholders can benefit greatly from this report. This report also includes information on the COVID-19 impact on the dextran sulfate sodium market.
Dextran Sulfate Sodium Market: Competitive Scenario
The dextran sulfate sodium market is a hybrid market with a plethora of domestic and international players. Manufacturers in the dextran sulfate sodium market compete with each other to gain a prominent position. The players invest heavily in the research and development activities to discover novel insights that lead to providing solutions that enhance the efficiency of the product.
Activities like mergers, acquisitions, joint ventures, partnerships, and collaborations are frequent across the dextran sulfate sodium market as it helps manufacturers to cement their foothold. This factor eventually helps the dextran sulfate sodium market to add extra stars of growth. Some well-established players in the dextran sulfate sodium market are AMRESCO, Watson International Ltd., MP Biomedicals, Sisco Research Laboratories, BOC Sciences, Polysciences, and Nacalai Tesque, Inc.
Dextran Sulfate Sodium Market: COVID-19 Impact
The COVID-19 outbreak is wreaking havoc across the globe with high transmission rates and a considerable number of fatalities. To control this outbreak, governments of various countries imposed strict lockdown measures. This led to the shutting down of manufacturing units and production facilities. This aspect has caused tremendous loss to various businesses and sectors worldwide.
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The dextran sulfate sodium market has not been left out from this loss. As the production units were shut, the manufacturers and vendors in the dextran sulfate sodium market were unable to cater to the demand of end-users. Disruptions in transport and logistics also led to a considerable decline in the growth rate. Nevertheless, numerous countries are getting used to the new normal and various lockdown restrictions are being lifted across various countries to revive the failing economy.
Manufacturing units are now allowed to operate on the condition of following certain COVID-19 guidelines. This aspect is a good opportunity for the dextran sulfate sodium market to recover from the loss incurred during the lockdown period. Therefore, the post-lockdown era may serve as a testing ground for the dextran sulfate sodium market.
Dextran Sulfate Sodium Market: Regional Prospects
The dextran sulfate sodium market can be geographically segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. North America may acquire good growth for the dextran sulfate sodium market due to the rising research activities across the healthcare sector. In addition, the presence of a plethora of manufacturing units also invites good growth opportunities for the dextran sulfate sodium market. Asia Pacific may also garner significant growth due to the rising demand across various countries in the region.