Dextran Market Size, Share, Growth, and Global Industry Analysis by Type (Dextran 20, Dextran 40, Dextran 60, Dextran 70, and Other) By Application (Solutions for Injection and Infusion, Dextran Derivative, and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

DEXTRAN MARKET REPORT OVERVIEW

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The global dextran market size was USD 203.9 million in 2021 and is expected to reach USD 328.4 million in 2031, exhibiting a CAGR of 4.9% during the forecast period.

Dextran is an “intricate split glucan polysaccharide prepared of numerous glucose particles collected of cables from variable intervals,” which is recycled medically to decrease blood viscosity and to enlarge the capacity. Dextran with changing configurations and wide-ranging molecular loads is created by numerous bacteria. It is established in sauerkraut juice, maple syrup, honey, and refined crystalline sugar. It was initially exposed by Louis Pasteur in wine as a bacterial product, but its use was commercialized after further improvements by Allene Jeanes. It is commercially manufactured in production by fermentation of a sucrose-rich medium. It is used as an anti-platelet to decrease blood viscosity and to treat hypovolemia, which can result from severe burns, shock or hurt, operation, or some other causes of bleeding. The product production depends on features, such as pH, temperature, and nitrogen source.

COVID-19 Impact: Halt on Electronics Industry to Impede Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with dextran experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the dextran market growth and demand returning to pre-pandemic levels once the pandemic is over.

COVID-19 is an unparalleled global public health crisis that has exaggerated almost every business, and the long-term effects are anticipated to influence manufacturing progress during the forecast period. The pandemic is causing disaster across the globe with high broadcast charges and a significant number of wounded. To control this outburst, the managements of many nations forced strict lockdown measures. This directed to the shutting down of engineering units and production abilities. This feature has produced terrific losses to several businesses and sectors globally.

LATEST TRENDS

"Incorporation in Pharmaceuticals to Accelerate Market Growth "

Major factors backing the market development of dextran contain increasing demand in the medicines sector and food and beverages. Pharmaceutical businesses are projected to increase the global dextran market, with the upsurge in the demand for industrial and manufacture combined to give medical conditions related to blood viscosity, volume enlargement and anti-thrombotic movements. In the foods and beverages sector, it is extensively used as a preservative, thickener, and blending agent, since it is an obviously rising bacterial invention and harmonious with the food industry. 

DEXTRAN MARKET SEGMENTATION

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• By Type Analysis

As per type, the market is classified into Dextran 20, Dextran 40, Dextran 60, Dextran 70, and Other.

• By Application Analysis

Based on application, the market is categorized into Solutions for Injection and Infusion, Dextran Derivative, and Others.

DRIVING FACTORS

"High Demand for Sugar Polymers Products to Support Industry Expansion"

Sugar polymers are reliant on sugar-producing businesses, these businesses have to use cane sugar to generate sugar goods. The sugar polymers industry will continuously be raised by agricultural activities which ultimately control the selling price of sugar-grounded polymers. Sugar products are used on a normal basis, baking, cooking, or preserving, these sugar products will constantly be in demand. These types of sugar polymers have diverse applications in dairy products, modernized products, and convenience food. Naturally arising polysaccharides or sugar polymers like Xanthan gum is a microbial polysaccharides created technically on a huge scale.

"Introduction of New Innovative Technologies to Stimulate Industry Growth"

The increasing demand in numerous businesses such as pharmaceuticals, food and beverages is projected to enhance global dextran market growth in the coming years. Profits from the global dextran market are expected to record a considerably high growth rate during the forecast period. It is used as a thickener, preservative, and emulsifier in these productions. Its use in foods has been promoted in latest years as it is a naturally rising microbial creation and is nontoxic to use in foods and beverages. The rising of medicine for hypovolemia cure is anticipated to fuel the market growth during the forecast period.

RESTRAINING FACTORS

"Side Effects to Hamper the Product Demand "

High-molecular mass dextran is a plasma capacity expander prepared from natural bases of sugar (glucose). The mechanism works by reinstating blood plasma lost over severe hemorrhage.

DEXTRAN MARKET REGIONAL INSIGHTS

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"Presence of Prominent Players to Propel Market Progress in Europe"

Europe held the largest dextran market share. The presence of prominent players such as Pharmacosmos grips the major market share. The market is projected to hold the largest profit share of the global market during the forecast period, due to the presence of corporations such as Pharmacosmos and PK Chemicals in the region. 

Asia Pacific is anticipated to have a sizable market share. Profits from the market is anticipated to record a considerably high growth rate owing to the increasing demand for dextran in the region during the forecast period.

KEY INDUSTRY PLAYERS

"Incorporation of Research and Development Strategies to Improve their Brand Image"

The dextran market is a fusion market with a surplus of domestic and international companies. Producers in the dextran market play with each other to advance a projecting location. The companies capitalize deeply on the R&D activities to determine innovative visions that lead to providing answers that improve the competence of the product. Events like mergers, joint ventures, acquisitions, collaborations, and partnerships are recurrent across the dextran market as it gives assistance to manufacturers to reinforce their position.

List of Market Players Profiled

• Pharmacosmos (Denmark)
• PK Chemicals (Ireland)
• Meito Sangyo (Japan)
• Polydex Pharm (Canada)
• Jinyang Biological Pharmaceutical (South Korea)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.