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Physiological Saline Market Size

Report ID: GMI4322
Published Date: Aug 2023
Report Format: PDF

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Physiological Saline Market Size

Physiological Saline Market size accounted for USD 5.3 billion in 2022 and is estimated to grow at 6.2% to reach USD 9.6 billion by 2032. The increasing prevalence of chronic diseases requiring intravenous therapies, such as cancer, diabetes, and cardiovascular conditions, fuels the demand for saline solutions.

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The aging population and a rise in surgical procedures contribute to the need for sterile saline for wound irrigation and hydration. Also, advancements in medical technology and the expanding healthcare infrastructure promote the usage of saline in various medical settings. Furthermore, the ongoing focus on patient safety and infection control drives the demand for sterile solutions like saline, in turn propelling the adoption across all geographies.

Physiological Saline Market Report Attributes
Report Attribute	Details
Base Year:	2022
Physiological Saline Market Size in 2022:	USD 5.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 9.6 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	213
Segments covered:	Type, Packaging Type, Application, End-user, and Region
Growth Drivers:	Rising prevalence of chronic diseases Increasing number of medical and surgical procedures High medical and healthcare applications High adoption due to product safety and availability
Pitfalls & Challenges:	Cost constraint for physiological saline Increasing availability of alternative solutions Sterility and contamination issues

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Physiological saline is a sterile solution that closely resembles the composition of bodily fluids, particularly extracellular fluid. It is composed of 0.9% sodium chloride (NaCl) dissolved in water, making it isotonic and compatible with the body's physiological conditions. Physiological saline is commonly used in medical and healthcare settings for various purposes, including intravenous fluid replacement, hydration therapy, medication administration, and wound irrigation. It serves as a source of electrolytes and helps maintain fluid balance in the body.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for physiological saline was USD 5.3 billion in 2022 and will record USD 9.6 billion by end of 2032 due to the higher prevalence of chronic diseases requiring intravenous therapies, such as cancer, diabetes, and cardiovascular conditions

The plastic bottles packaging type segment is expected to observe 6.2% CAGR from 2023-2032 driven by benefits, such as lower shipping costs and reduced risk of breakage during transportation

The hospitals segment is expected to record 6.5% CAGR from 2023-2032 owing to the extensive range of medical procedures performed

U.S. physiological saline industry size was USD 2.3 billion in 2022 and is anticipated to witness considerable growth rate through 2032 owing to the surging demand for healthcare services across the country