The most common electrolyte condition in both hospitalized patients and community subjects is hyponatremia. Hyponatremia is caused by low blood sodium levels. Sodium functions as an electrolyte and controls the volume of water in the body's cells and around them. The disease is caused by too much water consumption, which results in the sodium present in the body being diluted.
In hyponatremia, the level of water in the body increases and the cells begin to swell, leading to numerous health issues that can be mild to extreme conditions that are life-threatening. Elderly patients are a high-risk hyponatremia category because age is a significant independent risk factor for hyponatremia. There are two forms of hyponatremia such as acute hyponatremia and chronic hyponatremia.
In older patients, symptoms of acute hyponatremia such as headache, vomiting, nausea, coma, stupor and seizures, as well as symptoms (even mild) associated with chronic hyponatremia such as gait deficits, cognitive decline, weakness, drops, bone quality adverse effects (e.g., osteoporosis) and fractures are more common and severe.
The global market for hyponatremia treatment is driven mainly by an increase in the geriatric population, an increase in the number of hyponatremia patients and a high demand for new treatment options for the disease.
Besides, in elderly patients, multiple factors such as the frequent exposure to medications and diseases associated with hyponatremia and the aging-related impaired water-excretory capacity are the factors that are usually implicated in the development of hyponatremia. Thus, in turn, is expected to increase the demand for hyponatremia treatment market.
Moreover, lack of awareness about hyponatremia treatment and high cost of the current treatment methods restrain the growth of hyponatremia treatment Market.
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Hyponatremia Treatment Market: Segmentation
The global hyponatremia treatment Market is segmented on the basis of Treatment Type, Application and End User.
On the basis of Treatment Type, Hyponatremia Treatment Market Segmentation into:
- Pseudohyponatremia Hyponatremia
- Hypervolemicor Euvolemic Hyponatremia
- Hypovolemic Hyponatremia
On the basis of Application, Hyponatremia Treatment Market Segmentation into:
- Sodium Acetate
- Intravenous Fluid (IVF) Therapy
On the basis of End User, Hyponatremia Treatment Market Segmentation into:
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Hyponatremia Treatment Market: Impact of COVID-19
The global hyponatremia treatment is dominated by the hypovolemic hyponatremia among treatment type segment. This is due to increasing demand for hypovolemic hyponatremia drugs and emphasis on the implementation of the new protocols for hyponatremia management. Based on the application, intravenous fluid (IVF) therapy is expected to boost the growth of hyponatremia treatment market. This is due to increased understanding of the various forms of intravenous fluid available for the treatment of hyponatremia and increased availability of hyponatremia management therapies.
Hospitals will generate largest revenue share in hyponatremia treatment market as the hospitals use advanced treatment methods for patient care and also instant care will be available with the use of various medications.
COVID-19 which, originated in the city of Wuhan, Mainland China, has spread aggressively to evolve into a global pandemic involving more than 170 countries. This pandemic has affected lives across the economic, social and political sphere. According to a study, the heart patients are more sensitive to COVID 19 infection.
A breakthrough at this moment can decrease the stock prices of hyponatremia treatment manufacturers including hyponatremia treatment Market.
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Hyponatremia Treatment Market: Regional - Wise Outlook
Geographically, the global hyponatremia treatment Market is segmented into regions such as North America, Europe, Latin America, South Asia, East Asia Middle East & Africa and Oceania. North America is likely to emerge as prominent market in the global hyponatremia treatment market due to the increase in the economic burden of hyponatremia, increase in the number of hospitals providing patients with hyponatremia with quality health care facilities, and the increase in the number of patients seeking medical assistance for the condition.
Moreover, rising geriatric population in developed nations and unhealthy lifestyle also drives the growth of hyponatremia treatment Market. Europe is expected to hold prominent share in the global hyponatremia treatment market throughout the study period, owning to increased awareness about hyponatremia treatments.
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Hyponatremia Treatment Market: Key Players
Some of the major key players competing in the global hyponatremia treatment market are
- Biokindle Lifesciences Pvt. Ltd.
- Glenmark Pharmaceuticals Ltd.
- Centaur Pharmaceuticals Pvt. Ltd
- Rene Pharmaceuticals Pvt. Ltd.
- Steadfast Medishield Pvt. Ltd.
- Sun Pharmaceutical Industries Ltd.
- Alkem Laboratories Ltd.
The report covers exhaustive analysis on:
- Hyponatremia Treatment Market Segments
- Hyponatremia Treatment Market Dynamics
- Historical Actual Market Size, 2015 - 2019
- Hyponatremia Treatment Market Size & Forecast 2020 to 2030
- Hyponatremia Treatment Current Trends/Issues/Challenges
- Competition & Companies involved
- Hyponatremia Treatment Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies for key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.