Utility as API to Drive the Global Pharma Sodium Bicarbonate Market
As per a report available on XploreMR, the global pharma grade sodium bicarbonate market is expected to get on to the transient mode from 2020 onwards.
Pharma grade sodium bicarbonate is being used in the form of pH buffering agent for replenishing the electrolyte, in the topical cleansing solutions, and as a systemic alkalizer. The other applications include as an excipient for treating hemodialysis, extracorporeal circulation of blood, severe diabetes, metabolic acidosis, cardiac arrests, severe primary lactic acidosis, and as an API (Active Pharmaceutical Ingredient).
The ever-increasing geriatric population with the above-mentioned ailments is fuelling the pharma grade sodium bicarbonate market in the years to come.
Dominance of API?
Amongst the applications in the form of APIs, in tablet coating, toothpaste, antacids, hemodialysis, and excipients, API is expected to witness the highest growth rate. The players are using APIs to make effervescent tablets and also as intermediate to produce several pharmaceutical drugs. APIs are also used for enhancing drug abilities.
The oncologists are encouraging use of sodium bicarbonate-based APIs as in integration to prescription drugs as “secondary care” small molecules. Therefore, the dominance of APIs is expected to drive the pharma grade sodium bicarbonate market between 2020 and 2030.
The outbreak of covid-19 has diverted the funds towards measures to fight that pandemic. As such, research on this count has slowed down, but the year 2021 is bound to bring the normalcy back. A more extensive research is expected to be conducted herein and wider applications of pharma grade sodium bicarbonate are expected to surface going forward.
North America does lead the global pharma grade sodium bicarbonate market. It is, in fact, expected to hold more than a quarter of the market share between 2020 and 2030. This could be attributed to the consistency shown by pharmaceuticals industry along with increasing adoption of APIs.
Moreover, the number of patients infected with renal diseases is increasing at an alarming rate. Research states that close to 10% of the global population suffers from chronic kidney ailments. Glancing through the number of people receiving dialysis considering the above-mentioned percentage, the pharma grade sodium bicarbonate market is expected to explode in the near future.
It has been reported that there is a dearth of kidney donors. Also, inappropriate matching of the donor’s kidneys results in an abysmal rate of kidney transplantation. So, dialysis is the only way out. Majority of ESRD (End Stage Renal Diseases) get treated via dialysis.
Research further states that out of the kinds of dialysis, close to 90% of patients prefer going for hemodialysis, wherein sodium bicarbonate fills the bill.
The key players in the pharma grade sodium bicarbonate market include Tosoh Corporation, Tata Chemicals, GHCL Ltd., Solvay, Novacarb, CIECH, Jost Chemical Company, Tronox Alkali Corporation, Natural Soda, and Church and Dwilight.
Solvay’s Bicarpharma is used as an API. It is produced under GMP-conditions with CEP documentation supported for ascertaining service of high level and security of supply. Tata Chemicals’ Medikarb comes across as a pharmaceutical grade sodium bicarbonate that, apart from API, is also used as one of the buffering agents in dialysis solutions, antacids, and effervescent tablets. Likewise, the players adhere to safety standards and are known for their branded products.
Important Questions Answered
- What is the growth potential of the Pharma Grade Sodium Bicarbonate Market?
- Which company is currently leading the Pharma Grade Sodium Bicarbonate Market? Will the company continue with the winning streak during the forecast period?
- What are the top strategies that players are expected to adopt in the years to come?
- Which regional market is anticipated to secure the highest market share?
- How will the competitive landscape change in future?
- What do players need to do to adapt to future competitive changes?
- What will be the total production and consumption with regards to Pharma Grade Sodium Bicarbonate by 2030?
- Which are the key upcoming technologies? How will they impact the Pharma Grade Sodium Bicarbonate Market?
- Which product segment is expected to show the highest CAGR?
- Which application is forecast to gain the biggest market share?
Highlights of TOC:
Overview: Along with a broad overview of the Pharma Grade Sodium Bicarbonate Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the Pharma Grade Sodium Bicarbonate Market.
Product Segments: This part of the report throws light on the market growth of several types of products sold by leading companies.
Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the Pharma Grade Sodium Bicarbonate Market.
Geographical Segments: Each regional market is carefully looked into for understanding its current and future growth scenarios.
Company Profiles: Top players of the Pharma Grade Sodium Bicarbonate Market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.
The report on the global pharma grade sodium bicarbonate market offers detailed insights and in-depth research for a 10 year forecast period 2018–2028. The report covers the important factors driving the growth of the global pharma grade sodium bicarbonate market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global pharma grade sodium bicarbonate market and other insights across various key segments.
The report identifies the drivers and restraints impacting the growth of the global pharma grade sodium bicarbonate market. Changing trends that directly and indirectly affect the market are also analysed and incorporated in the report to provide exhaustive information about the market resulting in better decision making.
Global Pharma Grade Sodium Bicarbonate Market: Segmentation
To understand and assess opportunities in the global pharma grade sodium bicarbonate market, the report has been divided into the below sections:
A section of the report highlights country-wise demand for pharma grade sodium bicarbonate and provides a market outlook for 2018–2028. The report also analyses the new technological developments as well as offerings for niche applications in the global pharma grade sodium bicarbonate market.
In the final section of the report, a competitive landscape has been included to provide audiences with a dashboard view. The report provides detailed market share analysis of the pharma grade sodium bicarbonate market on the basis of key manufacturers. Detailed profiles of manufacturers are also included within the scope of the report to evaluate their business and growth strategies, key offerings and recent developments in the global pharma grade sodium bicarbonate market.
Our Research Methodology
Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of global pharma grade sodium bicarbonate is calculated across all the seven assessed regions and the weighted average price is taken into consideration. The market value of the global pharma grade sodium bicarbonate market is thus calculated from the data deduced from the average selling price and market volume.
For the 10 year forecast of the global pharma grade sodium bicarbonate market, various macroeconomic factors and changing trends have been observed, based on which the future of the market is anticipated. Other important factors considered to arrive at market forecast include the size of the current market, inputs from the supply side and the demand side and other dynamics shaping the scenario of the market. In the compilation of the report, the forecasts are conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated giving crystal clear insights and future opportunities.
Pharma grade sodium bicarbonate is increasingly being used for the manufacture of haemodialysis and hemofiltration solutions. Over the past decade there has been substantial increase in renal diseases owing to the changing lifestyle of people. Pharma grade sodium bicarbonate is also used as an important API (Active Pharmaceutical Ingredient) for the manufacture of medicinal drugs and other healthcare chemicals, creating significant traction in the global market. The growth in gastrointestinal diseases and disorders is leading to increased consumption of antacids, in turn paving the way for growth in utilisation of sodium bicarbonate.
Pharma Grade Sodium Bicarbonate Market: Maximum Applications Prevail in Active Pharmaceutical Ingredients: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018–2028)Buy Now
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