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Physiological Saline Market Size, Share & Global Insights 2022-2030

07-03-2024 04:35 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Physiological Saline Market is expected to grow from US$ 5,522.17 million in 2022 to US$ 9,057.04 million by 2030; it is expected to grow at a CAGR of 6.4% from 2022 to 2030.

The rising prevalence of serious illnesses and fluid electrolyte disorders and the surging demand for fluid electrolytes in the elderly population are a few factors driving the growth of the physiological saline market.

A physiological saline solution is composed of isotonic salt solutions with the same pH. An example of a physiological saline solution is Ringer's solution, composed of a mixture of sodium chloride (NaCl), sodium bicarbonate, and potassium chloride solution. A physician recommends administering a physiological solution to treat cases of dehydration, fluid imbalance, and other similar clinical abnormalities.

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Analysis of the Top Market Players:

1. Fresenius Kabi AG
2. Merck KGaA
3. AdipoGen Life Sciences Inc
4. Enzo Life Sciences Inc
5. ICU Medical Inc ??
6. Grifols SA
7. Geno Technology Inc
8. B Braun Medical Inc
9. Pfizer Inc
10. Ward's Science

In this report, the market has been segmented on the basis of:
Type
• Normal Saline
• Hypertonic Saline
• Hypotonic Saline
• Balanced Saline

Packaging Type
• Flexible Bags
• Plastic Bottles
• Glass Bottles

Application
• Intravenous
• Ophthalmology
• Wound Care
• Endoscopy
• Skin Abrasion

Route Of Administration
• Intravenous
• Topical

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Rising Prevalence of Serious Illnesses and Fluid Electrolyte Disorders Propels Physiological Saline Market

People with serious illnesses often experience a profound loss of independence, time, and capabilities. The emotional, physical, and financial toll can be life-altering for people suffering from distress in addition to physical symptoms with specific mental conditions. According to statistics revealed by the Commonwealth Fund report, 62% of people with serious illness experience anxiousness, confusion, or helplessness. 48% have emotional or psychological problems caused by the condition, and 32% report feeling left out, lacking companionship, and isolated from others.

A report by the National Health Council reveals that incurable and ongoing chronic diseases affect nearly 133 million Americans, which represents more than 40% of the total population of the country. Among these, almost 50% of all adults and 8% of children aged 5-17 have a chronic condition. The National Health Council's report also mentions that the increasing cases of incurable chronic diseases among Americans result in ~75% of the healthcare costs.

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