Opoponax Extract Resinoids Market: Rising Healthcare Spending Expected to Drive Growth 2028 | Miracle Botanicals, M&U International LLC, Penta International Corporation
Opoponax Resinoid Extract is a popular essential oil also known as Sweet Myrrh essential oil. This extract finds a wide range of applications in the food and spice industry, the cosmetics industry and the health industry.
Miracle Botanicals, M&U International LLC, Penta International Corporation, William Bernstein Company, Botany Essentials Pty Ltd and Star Child Glastonbury.
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Key Market Drivers:
There is an incidence and prevalence of muscle cramps and muscle spasms which is the major driver for the growth of the global opoponax extract resinoids market. According to the US National Library of Medicine report published in September 2020, in 2018, approximately 46% of people over the age of 50 suffered from muscle cramps worldwide. Moreover, according to the same source, 26% of pregnant women in China suffered from calf muscle cramps during pregnancy in 2018.
Additionally, rising prevalence of bacterial and viral diseases associated with infections is again propelling the growth of opoponax resinoids market. Increasing expenditure of pharmaceutical companies by key players to develop the new drug to meet the growing demand across the globe is again driving the growth of the market.
Covid-19 impact analysis
The opoponax extract resinoid market witnessed negative growth during the Covid-19 pandemic due to the implementation of strict travel restrictions. This created a mismatch between supply and demand.
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Key points to remember:
- North America is expected to experience the fastest growth in the near future, which is attributed to the high prevalence of anxiety issues in the region. According to the Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the United States, affecting 40 million adults in the United States aged 18 and older, or 18.1% of the population. every year.
Reasons to buy this report
• Current and Future Prospects of the Opoponax Extract Resins Market in Developed and Emerging Markets
• The segment that is expected to dominate the market as well as the segment that holds the highest CAGR during the forecast period.
• Regions/countries expected to experience the fastest growth rates during the forecast period
• The latest developments, market shares and strategies employed by major market players
Chapter 1 Industry overview
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 Opoponax Extract Resinoid Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Impact on Opoponax Extract Resins Industry
Chapter 2 Global Opoponax Extract Resins Competition by Types, Applications, and Top Regions and Countries
2.1 Global Opoponax Extract Resinoid (Volume & Value) by Type
2.3 Global Opoponax Extract Resinoid (Volume and Value) by Regions
chapter 3 Generation market analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Opoponax Extract Resin Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Opoponax Extract Resins Market Analysis
Chapter 6 Analysis of the Opoponax Extract Resins Market in East Asia
Chapter 7 Europe Opoponax Extract Resins Market To analyse
Chapter 8 South Asia Opoponax Extract Resins Market Analysis
Chapter 9 Southeast Asia Opoponax Extract Resins Market Analysis
Chapter 10 Market analysis of Opoponax extract resins in the Middle East
Chapter 11 Market Analysis of Opoponax Extract Resins in Africa
Chapter 12 Market Analysis of Opoponax Extract Resins in Oceania
Chapter 13 South America Opoponax Extract Resins Market Analysis
Chapter 14 Company Profiles and Key Figures of Opoponax Extract Resinoid Business
Chapter 15 Global Opoponax Extract Resins Market Forecast (2021-2027)
Chapter 16 conclusion
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