Demographic Changes and Pharmaceuticals Industry Growth
Increasing growth in industrial sector and population and demographic changes are the prime factors responsible for the positive growth of the sodium bicarbonate market across the globe. The extension of government health programs in developing countries is also expected to have a positive impact on the growth of the sodium bicarbonate market during the forecast period.
In terms of industrial growth, the flue gas desulphurization industry is experiencing positive growth and is expected to continue to experience the same in the coming years as well.
Growing Demand from Hemodialysis Segment
In the recent past, changing lifestyle and food habits in developing as well as developed regions have resulted in several life style diseases, such as cardiovascular dieses, chronic kidney diseases and diarrhoea, among others. In developed countries, such as U.S. and EU-5, exposure to these diseases is high, which, in turn, is leading to increase in healthcare expenditure.
In case of chronic kidney diseases, kidney functions improperly and its ability to filter blood decreases significantly, which over the period of time leads to end-stage renal diseases (ESRD).
According to the Global Burden of Disease Study/National Kidney Foundation, kidney diseases ranked 18th in 2010 in the list of causes of death worldwide and rose to the 12th position in 2015 and accounted for around 1.1 million deaths in 2015.
According to the National Kidney Foundation, ~10-12 % of the population suffers from chronic kidney diseases and only 2 Mn are being treated at the moment. This number is projected to increase significantly over the coming years
Treatment of ESRD patients can be done either through kidney transplantation or dialysis. However, across the globe, due to shortage of kidney donors and medicinal constraints, i.e. proper matching of donor and patient’s medicinal aspects, the rate of kidney transplantation is very less as compared to dialysis. Thus, most of ESRD patients are treated through dialysis. Among dialysis types, around 90% of the patients prefer Hemodialysis, while the rest of the share goes for peritoneal dialysis
In 2014, over 1 lac ESRD patients registered for transplantation, among which only 17,105 kidneys donor were available in the U.S.
In Hemodialysis, sodium bicarbonate is an important raw material. This will lead to increased utilization of pharmaceutical grade sodium bicarbonate over the coming years.
