MarkNtel Advisors recently published a detailed industry analysis of the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market (2023-2028)
The Middle East & Africa Pharmaceutical Grade Sodium Chloride Market size exceeded 20,000 tons in 2022 & is estimated to grow at a CAGR of around 5.2% during the forecast period, i.e., 2023-28.
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What is driving the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market?
Surging Investments in the Healthcare Sector of the Region – Many Middle Eastern and African governments have been encouraging the expansion of the pharmaceutical sector which has been in line with fostering economic progress and enhancing public health. For instance, in 2021, the UAE announced its plans to increase investments in the pharmaceutical industry by 20% and to expand its export reach in the region. Moreover, governments across countries like the UAE, Saudi Arabia, etc., have been offering financial incentives, and creating regulatory frameworks, to attract several pharmaceutical manufacturers across their countries.
Further, with the surging expansion of new healthcare facilities, including hospitals and surgical clinics, the demand for Pharmaceutical Grade Sodium Chloride would continue to boom for intravenous therapies, pre & post-operative care, etc. For instance:
- In 2023, the Saudi Ministry of Health (MOH) and the National Centre for Privatisation (NCP) initiated a process to attract private medical investors for the development of four new medical facilities. These projects include a 200-bed long-term care facility, a 100-bed skilled nursing home project, and a 150-bed rehabilitation hospital capable of conducting 120,000 outpatient sessions annually. `
- In 2023, Oman’s Sohar Hospital is set to open an expansion project, the hospital’s bed capacity has surged from 270 to 636, catering to the rising demand for specialized healthcare services.
What segments define the Middle East & Africa Pharmaceutical Grade Sodium Chloride market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type
(Active Pharmaceutical Ingredient-NaCl, Highly Diluted-NaCl),
By Application
(Channeling Agents, Mechanical Cleansing Agents, Injections, Hemodialysis, Hemofiltration System, Peritoneal Dialysis, Oral Rehydration Salts, Others (Dietary Formulations, Infant Formulations, etc.)),
By Region
(The UAE, Saudi Arabia, Qatar, Israel, Turkey, South Africa, Rest of the Middle East & Africa)
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Who are the leading key players shaping the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market landscape?
AkzoNobel (Nouryon), Hebei Huachen, Sudsalz Gmbh, Domino Salt Ltd., Cargill Incorporated, Tata Chemicals, K+S AG, Cheetham Salt, Swiss Saltworks, US Salts, Others
Questions Addressed in this Study
1.What factors are driving the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market growth?
2.How is the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market?
4.What is the current size of the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market, and how is it projected to change in the future?
6.What is the future outlook for the Middle East & Africa Pharmaceutical Grade Sodium Chloride Market in terms of technological advancements and market expansion?
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