Lactated Ringer's solution, commonly referred to as lactated ringers, is an isotonic crystalloid solution and electrolyte replacement fluid used for intravenous fluid replacement and supplementation as well as irrigation of various body cavities and tissues. It contains sodium, potassium, calcium and lactate ions that help replace essential electrolytes lost due to dehydration, blood loss or other causes. Lactated Ringer's solution has a pH and electrolyte composition similar to human plasma which helps maintain the delicate acid-base balance in the body. The global lactated ringers market is primarily driven by the high prevalence of dehydration among infants, young children and the elderly population. Dehydration can be caused due to acute gastrointestinal infections, excessive sweating, blood loss or inadequate fluid intake.

The market is estimated to be valued at US$ 750 million in 2024 and is expected to exhibit a CAGR of 5% over the forecast period 2024-2028.

Key Takeaways

Key players operating in the Lactated Ringers market are Baxter International Inc., B. Braun Melsungen AG, ICU Medical, Inc., Fresenius Kabi AG, Hospira, Inc., Otsuka Pharmaceutical Co., Ltd., Dechra Pharmaceuticals PLC, Vedco, Inc., Grifols S.A., Pfizer Inc., Amgen Inc., Eton Pharmaceuticals, Inc., Sagent Pharmaceuticals, Inc., and Aurobindo Pharma Limited.

The intravenous therapy among the geriatric population suffering from chronic diseases such as cancer, diabetes and cardiovascular disorders is expected to propel the growth of the global lactated ringers market over the forecast period. Lactated ringer's solution is widely used during surgeries involving substantial blood loss to replace the lost fluids and electrolytes. According to WHO, the global population aged over 60 years is estimated to reach 2 billion by 2050 from 900 million in 2015 thereby inducing high demand.

The increasing focus of Lactated Ringers Injection Market Growth on geographic expansion through strategic partnerships and collaborations with regional hospitals and healthcare facilities across emerging countries is anticipated to boost the global footprint of the lactated ringers market in the coming years. North America currently dominates the market however Asia Pacific is expected to witness highest growth owing to growing healthcare infrastructure and spending.

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