Global Dextrose Injection Market Size, By Segmentations, Growth, Market Drivers, Key Players, Trends & Forecast 2023-2032
Global Dextrose Injection Market
The global
Dextrose Injection market was valued at US$ million in 2022 and is anticipated
to reach US$ million by 2032, witnessing a CAGR of % during the forecast period
2023-2032.
Dextrose is also called as
glucose as they are chemically identical. It plays a vital role in providing
energy to body cells. Dextrose Injection is a non-pyrogenic and sterile
solution for caloric supply and fluid replenishment by a single dose. Route of
administration of dextrose injection is intravenous i.e. into the vein. Dosage
of dextrose injection depends upon weight, age, and clinical condition of the
patient. Dextrose 5% in water is injected into the vein to replace lost fluids
and also provide carbohydrates to the body. Dextrose 5% in water is also used
to treat hypoglycemia (low blood sugar), insulin shock and dehydration (fluid
loss). Dextrose is a carbohydrate which is a part of nutrition. Dextrose
solution along with amino acids and fats provide nutrition the body. This is
called as total parental nutrition. Hyperkalemia is a condition in which
potassium levels are high. Dextrose solution (50%) is administered to person
suffering from hyperkalemia.
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The influence of COVID-19 and the Russia-Ukraine
War were considered while estimating market sizes.
Increasing number of launches pertaining to
novel dextrose injection products by key players in the market is expected to
drive market growth. For instance, in 2018, Steria Inc., engaged in production,
development, marketing and distribution of essential hospital and retail
pharmacy products, launched new drug Bupivacaine Hydrochloride in 8.25%
dextrose injection indicated for spinal anaesthesia. It is a subarachnoid
injection (spinal block).
This report aims to provide
a comprehensive presentation of the global market for Dextrose Injection, with
both quantitative and qualitative analysis, to help readers develop
business/growth strategies, assess the market competitive situation, analyze their
position in the current marketplace, and make informed business decisions
regarding Dextrose Injection.
COVID Impact
The COVID-19 pandemic has
had a significant impact on the global healthcare industry, including the
dextrose injection market. Dextrose injection is a type of intravenous solution
used to treat dehydration and low blood sugar levels in patients. During the
pandemic, the demand for dextrose injection increased due to the need for
intravenous fluids in the treatment of COVID-19 patients.
One of the main impacts of
COVID-19 on the dextrose injection market was the disruption of supply chains
and logistics. The pandemic led to the closure of borders and restrictions on
movement, which affected the transportation of goods and raw materials needed
for the production of dextrose injection. This resulted in shortages of the
product in some regions, leading to price increases and limited access to
healthcare for some patients.
In addition, the pandemic
also led to a surge in demand for dextrose injection in the healthcare
industry. COVID-19 patients required intravenous fluids to manage dehydration
and maintain electrolyte balance, which led to an increase in demand for
dextrose injection. As a result, some manufacturers ramped up their production
to meet the demand, while others faced challenges in sourcing raw materials and
maintaining production levels.
Furthermore, the COVID-19
pandemic also led to changes in healthcare policies and practices that affected
the use of dextrose injection. With the focus on managing the pandemic, some
healthcare facilities postponed non-essential procedures and treatments, which
reduced the demand for dextrose injection in certain regions. On the other
hand, some healthcare facilities had to rapidly scale up their operations to
accommodate the surge in demand for COVID-19 treatments, which led to increased
use of dextrose injection.
Overall, the COVID-19
pandemic had a mixed impact on the dextrose injection market, with both
positive and negative effects.
Market
Segmentation:
1. Type: Dextrose injection is
available in various types, including 5% dextrose injection, 10% dextrose
injection, and 50% dextrose injection.
2. Application: Dextrose injection is
used for various applications, including fluid and electrolyte replenishment,
as an energy source, and as a diluent for other medications.
3. End User: Dextrose injection is
used in various settings, including hospitals, clinics, ambulatory surgical centres,
and homecare settings.
4. Region: The dextrose injection
market can be segmented based on geographic regions such as North America,
Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
5. Distribution Channel: The dextrose injection
market can be segmented based on the distribution channel, including hospital
pharmacies, retail pharmacies, and online pharmacies.
These are some of the
common ways to segment the Dextrose Injection market, but there may be other
ways depending on the specific needs and requirements of the market.
Key
Player:
·
Archer
Daniels Midland Company (ADM)
·
Ingredion
Incorporated
·
AGRANA
Beteiligungs-AG
·
Tate
& Lyle PLC
·
Cargill,
Incorporated
·
Roquette
Frères
·
Grain
Processing Corporation
·
Tereos
S.A.
·
Fooding
Group Limited
·
Global
Sweeteners Holdings Limited
Regional
Analysis:
Asia Pacific
dominated the glucose (Dextrose) market and accounted for the maximum revenue
share of 38.7% in 2020. The region is also projected to continue with its
dominance throughout the forecast period from 2020 to 2028. The presence of a
huge customer base is the major factor contributing to the maximum regional
market value. The major economies of the region including India and China are
major revenue contributors. The boosting demand for food and beverages products
across these countries owing to their large customer base as well as rapid
economic development is driving the market in the region.
The increasing demand for F&B products
and cosmetics and personal care due to increased discretionary income coupled
with the rising urban population is expected to support fast growth of the
market in the region. In addition, the increasing expansion of major players in
the region owing to the presence of growth opportunities like rising purchasing
power of residents and changing eating habits are further accelerating the
regional market value.
In 2020, Asia Pacific is followed by Middle
East & Africa in terms of revenue share (%), and the region is also
estimated to maintain its position during the forecast timeframe. The
flourishing tourism industry in countries such as the UAE and Saudi Arabia is
bolstering demand for food and beverages products, which, in turn, is
contributing to the regional market value. The continuously rising demand for
natural food ingredients and products in countries such as South Africa, Saudi
Arabia, and the UAE are further supporting the regional market value.
Europe is
gaining pace on account of its major economies including the U.K., Germany, and
Italy. Organic, clean label, and natural products are the current significant
factors that are driving the demand across the European market. Consumers in
Europe are looking for healthier alternatives such as organic, fresh,
artisanal, and ethnic food products owing to the noticeable presence of the
aging population with their focus on health. The region has a dominance
of glucose syrup over its solid form, as it is in manufacturing for more than a
century in the region.
In North America,
the U.S. dominated the market in 2020 in terms of revenue share and is
anticipated to lead the regional market throughout the estimated period. The
high consumption of sugar products by Americans is the primary factor driving
the growth. The high demand for sugar confectionaries including candies and
chocolates due to their emotional benefits and being part of occasional gifts
are supporting market growth.
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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 the 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
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
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Key Points:
• The analysis provides an overview of the factors driving and limiting
the growth of the market including trends, structure and others.
• Market estimation for type and geographic
segments is derived from the current market scenario and expected market
trends.
• Porter’s Five Force Model and SWOT analysis
are used to study the global Dextrose Injection market and would help
stakeholders make strategic decisions.
• The analysis assists in understanding the
strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Dextrose
Injection would help in identifying future applications in this market.
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