U.S. Sodium Lactate Market is Growing with a CAGR of 12.2% by the end of 20
The U.S. Sodium lactate market for pharmaceutical industries is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.2% in the forecast period of 2021 to 2028 and expected to reach USD 48.57 million by 2028.
Sodium lactate is sodium salt of lactic acid. It is also called monosodium salt and lactic acid sodium salt. In pharmaceutical industry, sodium lactate is given intravenously as a source of bicarbonate for regulating or preventing mild to moderate metabolic acidosis in patients with limited oral ingestion whose oxidative processes are not seriously impaired. Sodium lactate is also used to treat arrhythmia caused by overdosing of class I antiarrhythmic, as well as sympathomimetic which can cause hypertension.
Increasing trend of using sodium lactate by Pharma Company and rising CAPD procedures in the U.S, Use of sodium lactate in topical dermatological products, and use of metal sequestration in pharma products are the major drivers which propelled the demand of the market in the forecast period. However, presence of substitute in the market, high cost of application using sodium lactate, and product recall of lactated products may hinder the market growth. Sodium lactate market is growing rapidly but it may face challenges due to lack of skilled workforce in pharma industry, sustainability
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Sodium Lactate Market for Pharmaceutical industries Scope and Market Size
Sodium lactate market for pharmaceutical industries is segmented on the basis of dosage form, population type, application, end user and distribution channel. The growth among segments helps you to analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of dosage forms, the sodium lactate market for pharmaceutical industries is segmented into injection, solution, and concentrate. In 2021, solution segment is expected to dominate the market growth due to large use of solution in the hospitals, and in ambulatory surgicals centres, leading to increased demand for these products in the forecasted period.
Sodium Lactate Market for Pharmaceutical Industries Country Level Analysis
The sodium lactate market for pharmaceutical industries is analysed and market size information is provided by dosage form, population type, application, end user, and distribution channel.
The country covered in sodium lactate market for pharmaceutical industries report is U.S.
The U.S. sodium lactate market for pharmaceutical industries is growing primarily due to increasing trend of using sodium lactate by Pharma Company, rising CAPD procedures in the US, increasing demand of chiral intermediates, and use of metal sequestration in pharma products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as sales, FDA approvals, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global branded and generic drug manufacturers and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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