VALLEY COTTAGE, N.Y. – With
growing number of diseases worldwide, demand for proper medication has become
immanent, thereby resulting in positive growth of pharmaceutical sector. Globally,
about 200 million individuals are diagnosed with chronic kidney disease (CKD). Studies
opine that the prevalence of the disease is climbing, and by next two decades,
CKD is estimated to emerge as the fifth leading cause of mortality across the
Pharmaceutical grade sodium chloride is garnering huge traction as a constituent of treatments, such as hemodialysis, in addressing chronic kidney disease. In addition, pharmaceutical grade sodium chloride is gaining wide acceptance as a starting substance in multitude of pharmaceutical purposes – ORS formulations, and contact lenses solutions. Influenced by the trend, FMI computes that the global pharmaceutical grade sodium chloride is anticipated to grow at a CAGR of ~6% over the forecast period (2019-2029), surpassing US$ 450 Mn by 2029 end.
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Surging Adoption in Hemodialysis
the wake of rapid lifestyle and consumption pattern across the globe have
amplified the risk of lifestyle disorders, including chronic kidney disease
(CKD). Individuals in developed countries, including the US, are highly
susceptible to CKD, resulting in inflated medical budget. End-stage renal
disease (ESRD) is cured either via kidney transplantation or dialysis. On the
contrary, kidney transplant incidents are declining due to deficiency of kidney
donors. As such, majority of ESRD patients are addressed via dialysis,
Due to sedentary lifestyle in tandem with rising inclination towards junk items, consumers, particularly among millennial, are inching towards the vicinity of diseases, such as cardiovascular diseases (CVD), chronic or late stage CKD, and diarrhea, finds FMI. Such demand situation echoes rising incidents of hemodialysis, thereby fueling the need for pharmaceutical grade sodium chloride.
2019 Analysis and Review of Pharmaceutical Grade Sodium Chloride Market by Type – API-NaCl and HD-NCl for 2019 – 2029:https://www.futuremarketinsights.com/reports/pharmaceutical-grade-sodium-chloride-market
Europe and East Asia at Forefront
suggests that the market of pharmaceutical grade sodium chloride remains
lucrative in Europe and East Asia. Around 10% of individuals in Europe are
suffering from partial kidney dysfunction, thereby resonating to increased
incidents of renal replacement therapies, such as hemodialysis. In a bid to improve
outcome transparency within healthcare settings, the European Renal Association
– European Dialysis and Tx Association (ERA-EDTA) registry are offering
information regarding service providers on the basis of clinical and patient experience
for particular diseases.
Similarly, prevalence of CKD is on a rise due to various socio-economic factors. In China, around 120 million individuals are affected by CKD. Despite occurrence of CKD is regardless of age, it is more prominent among geriatrics. India houses an estimated count of 100,000 patients a year diagnosed with end stage kidney disease (ESKD) are reported, which further turn to hemodialysis. Realizing the facts and figures, market players in pharmaceutical grade sodium chloride are eyeing the target regions for enhanced footprint.
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“As the prevalence of chronic diseases taking charge, particularly in under-developed in developing countries, need for proper treatment becomes quintessential. Further, manufacturers are seeking Good Manufacturing Practice (GMP), and FDA certifications to comply with directions of hygienic production as well as deployment of pharmaceutical grade sodium chloride.”
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