Global Normal Saline for Parenteral Use Market Size To Worth USD 6.55 Billion By 2033 | CAGR of 6.84%
Category: HealthcareGlobal Normal Saline for Parenteral Use Market Size To Worth USD 6.55 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Normal Saline for Parenteral Use Market Size is Expected to Grow from USD 3.38 Billion in 2023 to USD 6.55 Billion by 2033, at a CAGR of 6.84% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 105 Market data tables and figures & charts from the report on the "Global Normal Saline for Parenteral Use Market Size, Share, and COVID-19 Impact Analysis, By Type (Glass Bottles and Plastic Bottles), By Application (Intravenous Injection and Intramuscular Injection), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." et Detailed Report Description Here: https://www.sphericalinsights.com/reports/normal-saline-for-parenteral-use-market
The normal saline for parenteral use market is a growing global market for 0.9% sodium chloride solution, essential for intravenous and intramuscular injections, medication dilution, and patient vascular access. It helps maintain electrolyte levels, nerve function, muscle contraction, and cellular homeostasis. The market is expanding due to increased demand during surgeries, fluid management, postoperative recovery, and chronic diseases. Collaborations between healthcare providers, pharmaceutical companies, and medical device manufacturers enhance product innovation and patient care outcomes. The rise in chronic diseases, surgical procedures, and the aging population has increased demand for normal saline for hydration, electrolyte balance, medication administration, and managing conditions like dehydration, vomiting, diarrhea, and critical conditions, particularly in neonates. However, stringent regulatory guidelines may impede the growth of the market.
The plastic bottles held the largest share in 2023 and is predicted to grow at a substantial CAGR during the predicted timeframe.
Based on the type, the global normal saline for parenteral use market is categorized as glass bottles and plastic bottles. Among these, the plastic bottles held the largest share in 2023 and is predicted to grow at a substantial CAGR during the predicted timeframe. The segmental expansion is fueled by lightweight, easy-to-handle, durable, commercially acceptable IV fluids, reduced contamination, no accident risk, corrosion resistance, availability, and cost-effectiveness.
The intravenous injection segment dominated the global normal saline for parenteral use market in 2023 and is anticipated to grow at a substantial CAGR throughout the projected timeframe.
Based on the application, the global normal saline for parenteral use market is categorized as intravenous injection and intramuscular injection. Among these, the intravenous injection segment dominated the global normal saline for parenteral use market in 2023 and is anticipated to grow at a substantial CAGR throughout the projected timeframe. The segment's growth is driven by its electrolyte balance activity, stability, 100% bioavailability, widespread use in hospitals, and reduced risk of vomiting, diarrhea, and food poisoning.
North America is expected to hold the greatest share of the global normal saline for parenteral use market over the forecast period.
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North America is expected to hold the greatest share of the global normal saline for parenteral use market over the forecast period. The aging population, chronic diseases, and surgical procedures in North America are driving demand for medical supplies, resulting in regional growth and stocking up on essential supplies.
Asia Pacific is predicted to hold the fastest-growing region of the global normal saline for parenteral use market throughout the estimated period. Population growth, aging, and a shift towards non-communicable diseases are driving the demand for normal saline for parenteral use in APAC countries, accelerating market expansion.
Major key players in the global normal saline for parenteral use market are Double Crane Pharmaceutical, Otsuka Pharmaceutical Co. Ltd, Cisen Pharmaceutical Co. Ltd., Baxter International Inc., Nirma Limited, Advacrae LLC, Pfizer, Kelun Group, Fresenius Kabi AG, SSY Group Limited, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2024, Amneal Pharmaceuticals Inc., obtained New Drug Application (NDA) approval from the U.S Food and Drug Administration (FDA) for its new formulation of potassium phosphates in 0.9% Sodium Chloride Injection intravenous (IV) ready-to-use (RTU) bags. It minimizes the compounding steps usually needed by clinicians when administering the products.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global normal saline for parenteral use market based on the below-mentioned segments:
Global Normal Saline for Parenteral Use Market, By Type
- Plastic Bottles
- Glass Bottles
Global Normal Saline for Parenteral Use Market, By Application
- Intramuscular Injection
- Intravenous Injection
Global Normal Saline for Parenteral Use Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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