The physiological saline global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Physiological Saline Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The physiological saline market size has grown strongly in recent years. It
will grow from $5.99 billion in 2023 to $6.52 billion in 2024 at a compound
annual growth rate (CAGR) of 8.8%. The growth in the historic period can be
attributed to the adoption of saline solutions in emergency medical services,
rising demand for saline in surgical procedures, growing emphasis on infection
control, regulatory standards mandating the use of sterile saline solutions,
and increased awareness of the importance of hydration.
The physiological saline market size is expected to see strong growth in the
next few years. It will grow to $9.16 billion in 2028 at a compound annual
growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed
to the integration of saline solutions in diagnostic procedures, expansion of
the geriatric population, expansion of home healthcare services, consumer
preference for natural and non-toxic products, and global efforts to improve
access to essential healthcare supplies. Major trends in the forecast period
include the development of specialized formulations of physiological saline,
integration of physiological saline into telemedicine platforms, development of
novel formulations, adoption of advanced packaging solutions, and technological
innovations improving the safety and efficacy of saline solutions.
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Scope Of Physiological Saline Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Physiological Saline Market Overview
Market Drivers -
The rise in surgical procedures is expected to propel the growth of the
physiological saline market going forward. Surgical procedures refer to medical
interventions performed by trained healthcare professionals to diagnose, treat,
or cure diseases, injuries, or abnormalities in the body through invasive
techniques involving incisions, excisions, sutures, or other manipulations. The
rise in surgical procedures can be attributed to factors such as advancements
in surgical techniques, increased access to healthcare services, and an aging
population with higher medical needs, driving the demand for surgical
interventions. Physiological saline is used in surgical procedures to clean
wounds, hydrate tissues, and serve as a medium for irrigation. For instance, in
September 2023, according to the International Society of Aesthetic Plastic
Surgery, a US-based professional body for board-certified aesthetic plastic
surgeons, there was an approximately 11.2% overall increase in procedures
performed by plastic surgeons in 2022, with more than 14.9 million surgical and
18.8 million non-surgical procedures performed worldwide, a 41.3% increase over
the last four years. Therefore, the rise in surgical procedures is driving the
growth of the physiological saline market.
Market Trends -
Major companies operating in the physiological saline market are developing
innovative products, such as heparin sodium in sodium chloride injection, to
gain a competitive edge in the market. Heparin sodium in sodium chloride
injection is a sterile solution combining heparin sodium, an anticoagulant,
with sodium chloride, used for intravenous administration to prevent blood
clotting during medical procedures or in patients at risk of thrombosis. For
instance, in April 2021, Fresenius Kabi, a Germany-based healthcare company,
launched two new versions of Heparin Sodium in Sodium Chloride Injection in the
United States. These single-dose infusion products come in two strengths
Heparin Sodium 1,000 USP units in a 0.9% sodium chloride 500-mL infusion bag
and Heparin Sodium 2,000 USP units in a 0.9% sodium chloride 1,000-mL infusion
bag. They are used as anticoagulants to keep catheters open and are designed to
reduce medication errors and ensure patient safety.
The physiological saline market covered in this report is segmented –
1) By Type: Normal Saline, Hypertonic Saline, Hypotonic Saline
2) By Application: Acute Health Conditions, Chronic Diseases, Skin Abrasions
And Burns, Other Applications
3) By End Users: Hospitals, Clinics, Recovery Centers, Other End Users
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Regional Insights -
North America was the largest region in the physiological saline market in
2023. The regions covered in the physiological saline market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the physiological saline market are
<b>Cardinal Health Inc., Pfizer Inc., Fresenius Kabi AG, Merck KGaA,
Baxter International Inc., Otsuka Pharmaceutical Co. Ltd, Grifols S.A., VWR
International LLC., B Braun Medical Inc, Spectrum Chemical, Enzo Life Sciences
Inc, The Stevens Company Limited, Boreal Science, HiMedia Laboratories,
AdipoGen Life Sciences Inc, Thistle Scientific., G-Biosciences, Enzymes
Pharmaceuticals, Labogens, Hamdan Healthcare</b>
Table of Contents
1. Executive Summary
2. Physiological Saline Market Report Structure
3. Physiological Saline Market Trends And Strategies
4. Physiological Saline Market – Macro Economic Scenario
5. Physiological Saline Market Size And Growth
…..
27. Physiological Saline Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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