Physiological Saline Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast

"The Business Research Company recently released a comprehensive report on the Global Physiological Saline Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Physiological Saline Market 2024 Key Insights:

• 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%.
• Surgical Procedures Boosting Physiological Saline Market Growth
• Innovative Product Development in the Physiological Saline Market
• North America was the largest region in the physiological saline market in 2023

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This release was published on openPR.