About Physiological Saline
Physiological Saline refers to essentially a mixture of salts and water. It is World Health Organization’s essential medication list. Physiological saline is also known by the name normal saline and it has 9gm of salt per liter of water. Physiological Saline has a number of uses in medicine. It can be used for fluid and electrolyte replenishment. Generally, it is used along with other medications. The use of Physiological Saline began in the 19th century. Physiological Saline has many uses like clearing the sinuses, cleaning the wounds, skin abrasions, and even Rinsing contact lenses and piercings.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Physiological Saline market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baxter (United States), Hospira (United States), Fresenius Kabi (Germany), B. Braun (Germany), Otsuka (Japan), Kelun Group (China), SSY Group (Hong Kong), Cisen (India), Denis Chem Lab Limited (India) and Schwitz Biotech (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Rezicure Pharmaceuticals (India), Hargun Biotech (India) and Orley Laboratories Pvt Ltd (India).
Segmentation Overview
AMA Research has segmented the market of Global Physiological Saline market by , Application (Dehydration, Hypovolemia, Hemorrhage, Sepsis, Metabolic Alkalosis and Other) and Region.
On the basis of geography, the market of Physiological Saline has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging, the sub-segment i.e. PP Bottle will boost the Physiological Saline market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Physiological Saline market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Size, the sub-segment i.e. 100 ML will boost the Physiological Saline market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Physiological Saline for IV Therapy
Market Growth Drivers:
Need of Electrolyte Replenishment and The demand for Saline for Nasal Washes
Challenges:
Rarely Physiological Saline Can Have Side Effects Like Increased Heartbeat and Criticisms by Many Experts for Use of Saline in Trauma
Restraints:
Physiological Saline Can Cause Fever in Some Individuals
Opportunities:
Growth of Hospitals and Healthcare Sector Is Responsible for Increased Demand of Physiological Saline and Promotion of Physiological Saline by WHO Will Boost Its Demand
Market Leaders and their expansionary development strategies
In August 2020, ICU Medical, Inc. entered into a long-term agreement with Grifols to distribute a full line of non-PVC/non-DEHP IV containers for 0.9% Sodium Chloride Injection, USP to customers in the U.S.
On June 5, 2017, Grifols announced that its physiological saline solution produced in its Murcia facility received U.S. FDA approval, allowing them to market their product in 500-millimeter polypropylene bags in the U.S. hospital sector.
According to the Indian Government’s guidelines for I.V. fluids distribution, storage, and administration, “The distributor should accept the truck against the checklist provided by the manufacturer covering the safety of corrugated boxes, the identity of the product. If the truck does not meet the given checklist criteria, the distributor should make a necessary investigation and should inform the manufacturer immediately.”
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Physiological Saline Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.