Physiological Seawater Nasal Spray Market Size, Share, Growth & Forecast to 2026 | Key Players Sterimar, Gifrer, LABORATOIRE DE LA MER, Gerolymatos International S.A., Humer

Physiological Seawater Nasal Spray Market is expected to reach USD 411.3 million by the end of 2026.

Bizlytik analysts forecast the global Physiological Seawater Nasal Spray market to grow at a CAGR of 8.5% during the forecast period, according to their latest market research report.

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In terms of volume, the Physiological Seawater Nasal Spray was valued at XX K Units in 2019 and is expected to garner 80,735.2 K Units by 2026; witnessing a CAGR of 8.8% from 2020 to 2026.

Saline nasal spray is a purified salt solution used for wetting the nasal passages. Saline nasal sprays help to ease in breathing when congestion arises due to colds or allergies. It helps to moisturize the nose and dissolve and loosen thick mucus associated with the common cold. It is mostly used for clearing stuffy nasal passages in children. It should be stored at room temperature between 15 C to 30 C.

Seawater nasal spray is one of the medication recommended for influenza flu. The rising prevalence of influenza flu has increased the demand for seawater nasal spray. According to Centers for Disease Control and Prevention (CDC), 9.3 million to 49 million people suffer from flu each year in the United States since 2010, on average 20% of the United States population gets flu. According to Centers for Disease Control and Prevention (CDC) estimates that there have been at least 15 million flu illnesses for the 2019-2020 season, and 140,000 were hospitalized in the U.S.

Around 58% of adults age 65 years and older are hospitalized due to flu. In 2019, common flu caused up to 5 million cases of severe illness worldwide.

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Isotonic Physiological Sea Water Nasal Spray, and Hypertonic Physiological Sea Water Nasal Spray are covered in the Type segment of the market scope, while the Application segment is categorized into For Infants, and For Children and Adults. The report covers value and volume of the global market by Type and Application, with the volume expressed in K Units.

The market value of Isotonic Physiological Sea Water Nasal Spray was USD XX Million in 2019, and it is expected to reach USD XX Million by 2026, growing at a CAGR of 8.6% during 2020-2026.

Increasing the launch of new and advanced seawater nasal spray, and partnership & collaboration between companies to develop and distribute its product in the market would propel the growth of the segment.

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North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global Physiological Seawater Nasal Spray Volume and Value figures. While North America is further categorized into enhancing United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Europe Physiological Seawater Nasal Spray market was USD XX Million in 2019, and it is predicted to reach USD XX Million by 2026, growing at a CAGR of 8.8% during the forecast period. The increasing launch of new and advanced seawater nasal spray, partnership & collaboration between companies to develop and distribute product in the market and the introduction of natural seawater in bulk to produce nasal sprays and other medical products would improve the growth prospects of the market.

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Major players operating in the Physiological Seawater Nasal Spray industry include Sterimar, Gifrer, LABORATOIRE DE LA MER, Gerolymatos International S.A., Humer, Sandoz International GmbH, Nacur Healthcare Ltd, LABORATOIRES GILBERT SA, Shanghai Berry Electronic Tech, Borne.

Sterimar is one of the top companies of global Physiological Seawater Nasal Spray Market in terms of production volume and value. Formation of strategic collaborations and commercialization products are the few business strategies adopted by the key companies, with a focus on maintaining a competitive advantage over others. The companies are focused on the expansion of business activities on a global scale.

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This release was published on openPR.