Overview and Scope
The physiological saline market consists of sales of sterile saline solution, saline nasal spray, and saline eye drops. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
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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Segmentation & Regional Insights
The physiological saline market covered in this report is segmented –
1) By Type: Normal Saline, Hypertonic Saline, Hypotonic Saline
2) By Application: Acute Health Conditions, Chronic Diseases, Skin Abrasions And Burns, Other Applications
3) By End Users: Hospitals, Clinics, Recovery Centers, Other End Users
North America was the largest region in the physiological saline market in 2023. The regions covered in the physiological saline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the physiological saline market are 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
The physiological saline market report table of contents includes:
1. Executive Summary
2. Physiological Saline Market Characteristics
3. Physiological Saline Market Trends And Strategies
4. Physiological Saline Market – Macro Economic Scenario
5. Global Physiological Saline Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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