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Injectable Potassium Phosphate Market Perspective, Comprehensive Analysis, Growth and Forecast 2021-2031

12-06-2021 09:46 PM CET | Health & Medicine

Press release from: Future Market Insights

According to the latest research by Future Market Insights, the injectable potassium phosphate market is set to experience ~8.6% (CAGR) growth during the year 2021-2031.

The injectable potassium phosphate is a phosphorus replacement product indicated as a source of phosphorus.

The growth of the injectable potassium phosphate market is attributed due to the increasing number of patients who cannot receive a phosphate supplement by mouth and the rising prevalence of hyperphosphatemia, hypercalcemia, hyperkalaemia, or significant hypercalcemia and severe renal impairment or end-stage renal disease in patients.

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What is Driving Demand for Injectable Potassium Phosphate Market

In patients with restricted oral intake, potassium phosphates injection is chosen as a source of phosphorus in addition to high volume venous fluids to prevent hypophosphatemia.

In addition to the rising need for potassium phosphate in renal diseases, the global market is expanding rapidly.

The need for potassium phosphate has been boosted by an increase in the number of uric acid and calcium kidney stone illnesses, as well as urinary problems.

The U.S. and Canada Outlook for Injectable Potassium Phosphate Market

The U.S. is expected to have the highest share and therefore will dominate the injectable potassium phosphate market. In the U.S. the large population's dietary intake is poor and have a deficiency of potassium phosphate.

The U.S market is growing at a substantial pace due to the growing demand for potassium phosphate injectable in kidney ailments and prevents hypophosphatemia low phosphorus content in the blood.

There is an escalation in the number of uric acid & calcium kidney stone diseases and urination disorders in the patients has actively uplifted the demand for potassium phosphate.

Growing research and development activities in the presence of key market players to increase the demand-supply for injectable potassium phosphate are expected to boost the growth of the Market in the U.S during the forecast period.

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Europe Demand Outlook for Injectable Potassium Phosphate Market

In its use to treat potassium and phosphorus deficiencies, potassium phosphates injection is often administered in conjunction with parenteral nutrition treatments.

In Europe large population is aged or ≥12 years and suffering from hypophosphatemia with restricted or no oral intake of potassium phosphate.

Additionally, the rising prevalence renal impairment, urination disorders and end-stage renal disease, has fuelled the demand outlook for injectable potassium phosphate market in Europe.

In recent decades, the European healthcare industry has welcomed advances and new technology with open arms.

Technological developments, the introduction of new materials, the discovery of biosimilars, and research and development efforts, as well as many clinical studies, are some of the key reasons that have enhanced the injectable potassium phosphate market development patterns in Europe.

Who are the Key Manufacturers and Suppliers of Injectable Potassium Phosphate Market
Some of the key players operating in the injectable potassium phosphate market are

- Fresenius Kabi
- Pfizer
- Alanza
- PharMEDium Services LLC
- Merck
- Baxter
- Hospira
- CMP Pharma
- American Regent.

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About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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