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 ...