Pharma Grade Sodium Bicarbonate Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2028

Sodium based medicines are being increasingly consumed across the globe, elevating demand in the pharmaceutical sector. Factors such as product innovation vis-à-vis demographic changes and expansion of health government programmes have triggered the demand for pharma grade sodium bicarbonate. The global pharma grade sodium bicarbonate market was valued at US$ 256.0 Mn in 2022 and is expected to reach US$ 315.4 Mn by the end of 2028, expanding at a CAGR of 3.5% over the forecast period.

Being a large volume commodity, utilisation of sodium bicarbonate in the pharmaceutical industry is relatively niche, wherein high purity product grade is utilised. However, when deciding whether or not to use a medicine, researchers in the pharmaceutical market weigh the risks and ramifications of new drug innovations and formulations. And the will to use this medicine by caregivers and patients is a subject of constant study. Studies have revealed that using sodium bicarbonate is not harmful for human health; in fact, using it as a drug can be helpful in the treatment and relief of some diseases.

Developing Pharmaceutical Sector in Certain Countries Anticipated to Attract Huge Global Investments

Low cost treatments using pharma grade sodium bicarbonate have the potential to improve mortality rates in developing nations with a thriving pharmaceutical sector. This is projected to create traction in the global market for pharma grade sodium bicarbonate therapeutics. Additionally, favourable government policies including those pertaining to foreign direct investments, healthcare facilities and infrastructure development programmes such as cluster development in the pharmaceuticals sector are likely to trigger revenue growth of the global pharma grade sodium bicarbonate market.

The demand for pharmaceutical grade sodium bicarbonate is largely driven by increasing healthcare expenditure and rising demand for pharmaceutical products utilising sodium bicarbonate.

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