Global Oral Rehydration Salts Market Size By Type, By Application, By Distribution Channel, By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Oral Rehydration Salts Market Size By Type, By Application, By Distribution Channel, By Geographic Scope And Forecast
Oral Rehydration Salts Market Size And Forecast
Oral Rehydration Salts Market size was valued at USD 742.97 Million in 2023 and is projected to reach USD 1411.35 Million by 2030, growing at a CAGR of 11.28% during the forecast period 2024-2030.
Global Oral Rehydration Salts Market Drivers
The market drivers for the Oral Rehydration Salts Market can be influenced by various factors. These may include
- The frequency of diseases linked to dehydration The prevalence of dehydration-causing illnesses such gastroenteritis, cholera, and diarrhea is a major factor driving the ORS industry. There is typically a greater demand for ORS goods in areas where these diseases are more common.
- Increasing Accessibility and Awareness Market expansion is influenced by initiatives taken by governments, non-profits, and healthcare institutions to increase public knowledge of the value of oral rehydration treatment (ORT) and to improve accessibility to ORS products in underserved or distant areas.
- Growing Global Population To fulfill the healthcare needs of a bigger population, there is a growing market for ORS products as the world’s population continues to rise. This is especially true in developing countries where dehydration-related disorders are increasingly widespread.
- Urbanization and Changing Lives These two factors, which frequently result in dietary modifications and heightened vulnerability to gastrointestinal disorders, are what fuel the market for ORS products, particularly in metropolitan regions with denser populations.
- Government Policies and InitiativesGovernment policies that work to lessen the prevalence of diseases linked to dehydration, like immunization campaigns, better sanitation practices, and financial assistance for the distribution of ORS, can have a major impact on market expansion.
- Technological Advancements Product acceptance and market expansion can be boosted by innovations in ORS formulations, such as flavored variations, ready-to-use packages, and better packaging for simpler storage and transportation.
- Medical Tourism and Travel As a preventive or therapeutic measure, the growing trend of medical tourism and foreign travel exposes people to a variety of surroundings and possible gastrointestinal concerns, which drives up demand for ORS products.
- Aging Population Chronic disease prevalence and medicine use are on the rise globally as the population ages, both of which increase the risk of dehydration. As a result, the senior population is becoming more and more in need of ORS goods.
- Humanitarian Aid and Natural Disasters Natural disasters, conflicts, and humanitarian crises frequently cause disruptions to the availability of clean water and sanitary facilities, which raises the risk of dehydration-related illnesses and increases the need for ORS products in emergency relief operations.
Global Oral Rehydration Salts Market Restraints
Several factors can act as restraints or challenges for the Oral Rehydration Salts Market. These may include
- Restricted KnowledgeIn some places, especially in rural or less developed areas, there may be little knowledge of the value of oral rehydration treatment (ORS) and ORS products in treating dehydration.
- Distribution Challenges Because of poor infrastructure, distribution networks, and logistical problems, it might be difficult to guarantee that ORS goods are widely available, particularly in rural or underserved areas.
- Competitive Landscape Alternative dehydration treatment methods, like intravenous treatments, sports drinks, or DIY therapies, may compete with the ORS product market, limiting its penetration.
- Regulatory Obstacles Adhering to legal norms and specifications for the production, labeling, and promotion of ORS products can be difficult, especially when figuring out how different laws apply in various nations and areas.
- Price Sensitivity If less expensive options are available, price sensitivity among consumers—especially in low-income or resource-constrained environments—may impede the uptake of ORS products.
- Perception and Acceptance The acceptance and usage of ORS products may be impacted by cultural beliefs, attitudes, and preferences surrounding healthcare procedures and treatments. This could have an impact on market demand.
- Healthcare InfrastructureThe expansion of the market may be hampered by inadequate healthcare infrastructure, which includes a shortage of qualified medical personnel to encourage the use of ORS and educate consumers about its advantages.
- Seasonal Variations There may be seasonal variations in the demand for ORS goods, with higher demand during hot weather or infectious illness outbreaks and lower demand during colder months or times when disease frequency is low. Risks associated with the supply chain include shortages of raw materials, difficulties with transportation, and geopolitical issues. These disruptions can have an effect on market dynamics and the availability of ORS goods.
- Product Innovation If rival products have more enticing features or improved efficacy, market expansion may be hampered by ORS formulations’ or packaging designs’ lack of innovation.
Global Oral Rehydration Salts Market Segmentation Analysis
The Global Oral Rehydration Salts Market is Segmented on the basis of Type, Application, Distribution Channel and Geography.
Oral Rehydration Salts Market, By Type
- Glucose-based ORS These solutions typically contain glucose and electrolytes such as sodium and potassium. They are commonly used for rehydration in cases of diarrhea and dehydration.
- Rice-based ORS ORS formulations containing rice-based ingredients, often used in cases where glucose-based solutions are not well tolerated, such as in cases of cholera.
- Citrus-based ORS ORS solutions infused with citrus flavors, offering a palatable option for individuals who may find the taste of traditional ORS unappealing.
- Custom formulations for specific medical conditions Tailored ORS formulations designed to meet the specific needs of patients with particular medical conditions, such as diabetes or kidney disease.
Oral Rehydration Salts Market, By Application
- Treatment of dehydration due to diarrhea ORS is primarily used to replace fluids and electrolytes lost during episodes of diarrhea, a common symptom of gastrointestinal illnesses.
- Treatment of dehydration due to vomiting Vomiting can lead to significant fluid and electrolyte loss, and ORS can help replenish these vital nutrients.
- Sports hydration ORS products are used by athletes to replenish fluids and electrolytes lost during intense physical activity, helping to maintain hydration and performance.
- Rehydration after strenuous physical activity ORS can be beneficial for individuals engaged in heavy labor or other strenuous activities to prevent dehydration and electrolyte imbalances.
Oral Rehydration Salts Market, By Distribution Channel
- Pharmacies ORS products are commonly available in pharmacies, where they may be recommended by healthcare professionals or purchased over the counter.
- Hospitals and clinics Healthcare facilities often stock ORS for use in treating patients with dehydration resulting from various medical conditions.
- Online retail platforms ORS products are increasingly available for purchase through online retailers, providing convenience and accessibility to consumers.
- Supermarkets and convenience stores ORS may be found in the health and wellness sections of supermarkets and convenience stores for easy access by consumers.
Oral Rehydration Salts Market, By Geography
- North America Market dynamics, regulations, and consumer preferences specific to North America influence the availability and demand for ORS products in this region.
- Europe Similar to North America, European market factors shape the consumption and distribution of ORS solutions within this region.
- Asia Pacific Unique healthcare challenges and cultural factors in the Asia Pacific region impact the usage and market growth of ORS products.
- Latin America Market trends and economic factors in Latin American countries contribute to the demand for ORS formulations tailored to the needs of the local population.
- Middle East & Africa Health infrastructure, disease prevalence, and consumer preferences in the Middle East and Africa play a role in shaping the ORS market in this region.
Key Players
The major players in the Oral Rehydration Salts Market are
- Otsuka Pharmaceutical Co. Ltd.
- Monico Spa
- Gebro Pharma AG
- Primmed B.V.
- KBI Pharmaceuticals GmbH & Co. KG
- Nutriset
- Clinova Ltd.
- FDC Limited
- Watson Pharma (part of AbbVie)
- Sanofi S.A.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Otsuka Pharmaceutical Co. Ltd., Monico Spa, Gebro Pharma AG, Primmed B.V., KBI Pharmaceuticals GmbH & Co. KG, Nutriset, Clinova Ltd., FDC Limited, Watson Pharma (part of AbbVie), Sanofi S.A. |
SEGMENTS COVERED | By Type, By Application, By Distribution Channel, By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.