The global
Colchicine market is expected to witness significant demand over the
forecast period. Colchicine is a medicine used in treating gout and pseudo
gout arthritis. Such type of arthritis is caused due to several crystals in the
joints. Blood cells then travel to inflammatory areas that cause pain and
swelling. Colchicine prevents white blood cells from travelling to these areas
and hence helps in reducing pain and swelling. The key driving factors
responsible for the growth of colchicine market includes growing geriatric
population suffering from gout or pseudo gout infection and rising prevalence
of chronic and acute illness.
Benefits in using colchicine
include treatment against acute attacks when nonsteroidal anti-inflammatory
drugs such as naproxen or ibuprofen prove ineffective due to safety reasons. In
terms of agriculture, colchicine concentrations and treatment durations are
dependent upon crop species.
Colchicine is to be administered
orally and should be taken after food to control stomachache. Plenty of water
must be consumed to gain its effectiveness. Clinically, the usual dose to prevent
the attacks is to have a tablet once or twice a day. It can be used with other
medications or may be used with reducing dose of corticosteroids. Colchicine
treatment can be used for long-term treatment in pseudo gout.
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With advantages, colchicine
possesses certain side effects that are mild in some patients. In case of side
effects, a reduction in dose may help in minimizing the side effects. The most
common side effects include vomiting, nausea, stomach pain, and diarrhea. Such
effects may be reduced if colchicine is consumed with food. In some case, less
common side effects such as skin rash, fever, hair loss, severe diarrhea,
difficulty in passing urine or blood in urine.
Precautions such as blood tests,
gastrointestinal conditions, kidney and liver functions are need to be taken
care of. Further, storage of colchicine tablets needs storing at room
temperature away from heat, moisture and light. On a commercial scale,
Colchicine is extensively used in-vitro experiments that require cytoskeleton
disruption.
Overall, in the recent years,
colchicine has gained a positive traction in cardiovascular medicine and is
being tested in a variety of medical domain. Colchicine is a unique drug and no
other medication is clinically proven to be its alternative. Thus, considering
the potential benefits of colchicine medication on patients, the global market
is set to witness a higher CAGR growth during the forecast period.
On the basis of geographic
segmentation, the global colchicine market spans North America, Latin America,
Europe, Asia-Pacific, Middle-East, and Africa. North America dominates the
global market owing to technological developments in medical sector and
constant R&D, followed by Europe. APAC market is anticipated to grow at a
higher CAGR owing to presence of large market and growing geriatric population.
The key players in the global colchicine market include Sanmar Group, Indena,
Alkaloids, Sarv Biolabs, and KPC.
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