#Sodium Thiosulphate Market Analysis 2022

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Sodium Thiosulphate Market Scope, Growth, Insight

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global sodium thiosulphate market size at USD 104.75 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global sodium thiosulphate market size to grow at a significant CAGR of 6.1% reaching a value of USD 158.02 million by 2029. Major growth factors for global sodium thiosulphate market include increasing product demand in the healthcare and medical industries, growing healthcare and medical sector and advancements in these sectors. Similarly, the rising prevalence of chronic kidney failure illnesses, particularly calciphylaxis, is expected to drive demand for sodium thiosulphate. According to reputable estimates, calciphylaxis affects 1% to 4.5% of dialysis patients, with the majority of patients being diabetic, obese, or suffering from chronic liver disease. For the treatment of calciphylaxis, sodium thiosulphate serves as an antioxidant and calcium chelating agent. Also, developing mining operations in various regions, such as North America and Asia Pacific are paving the way for the sodium thiosulphate market in the coming years. According to Gold.org, global gold mining contributes around 2,500 to 3,000 tons of gold to the total above-ground supply of gold each year. Therefore, these factors are expected to boost the expansion of global sodium thiosulphate market during the period in analysis. However, increasing cost of the raw materials is anticipated to restrain the market growth.

Global Sodium Thiosulphate Market – Overview

Sodium thiosulphate is a colorless inorganic sodium salt that dissolves readily in water. It is made up of sodium and thiosulfate ions in a 2:1 ratio. It is used in the treatment of photographic paper and films. Prior to discharge into the environment, sodium thiosulphate liquid is employed to de-chlorinate ballast waters. The increasing use of sodium thiosulphate for heavy metal removal from industrial wastewater is estimated to drive the global sodium thiosulphate market size during the forecast period. Rising demand for sodium thiosulphate from the healthcare sector for the creation of antidotes used to treat cyanide poisoning contributes to market expansion. Sodium thiosulphate is widely used in gold extraction. This compound is also employed as a cyanide replacement lixiviant. In iodometry, sodium thiosulphate is employed as a measurement agent for oxygen in water for approximating substances such as hydrogen peroxide. This is expected to boost the sodium thiosulphate market overall throughout the forecast period. Consumers' growing worry about their health is expected to benefit the whole market during the next seven years. Another key end-use business is water treatment. It is used to reduce chlorine levels and to treat settled backwash water in swimming pools, spas, and aquarium.

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Global Sodium Thiosulphate Market – By Application

Based on application, global sodium thiosulphate market is divided into Medical, Photographic Processing, Iodometry, Gold Extraction, and Water Treatment segments. The water treatment segment held the highest market share. Sodium thiosulphate neutralizes chlorine, avoiding additional bactericidal effects on organisms in transit water. It also forms soluble complexes with heavy metals like lead, mercury, arsenic, and cadmium, making it easier to remove them from industrial waste effluents. Heavy metals are carcinogens, which can destroy the lungs, liver, kidneys, and other important organs. As a result, rising health concerns and demand for freshwater drive the sodium thiosulphate industry forward. According to the Organization for Economic Cooperation and Development (OECD), worldwide freshwater consumption is expected to rise by 55% between 2000 and 2050. It, in turn, is expected to boost the growth of the water treatment segment.

Competitive Landscape

Major players operating in global sodium thiosulphate market include Esseco SRL, Galactic, Allan Chemical Corporation, Samirian Chemicals Inc., Noah Chemicals, Dastech, INEOS, DBWINC, Southern Ionics Incorporated, Skyhawk Chemicals, Inc., Liyang Qingfeng Fine chemical Co. Ltd, Changsha weichuang chemical Co. Ltd, and Haimen Wuyang Chemical Industry Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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Sodium Thiosulphate Market

According to this latest study, the growth in the Sodium Thiosulfate Pentahydrate market will change significantly from the previous year. Over the next five years, Sodium Thiosulfate Pentahydrate will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

Sodium thiosulfate pentahydrate is a hydrate consisting of sodium thiosulfate with 5 mol eq. of water. It has a role as an antidote to cyanide poisoning, a nephroprotective agent and an antifungal drug. It contains a sodium thiosulfate. Inhalation: May cause upper respiratory tract and mucous membrane irritation. Ingestion: Sodium Thiosulfate is an agent with a low order of toxicity. Ingestion of large doses may cause gastrointestinal irritation disturbances with nausea, vomiting, addominal cramping, diarrhea, metabolic acidosis, and hypernatremia. Sodium thiosulfate, also spelled sodium thiosulphate, is used as a medication to treat cyanide poisoning, pityriasis versicolor, and to decrease side effects from cisplatin. For cyanide poisoning it is often used after the medication sodium nitrite and typically only recommended for severe cases. It is either given by injection into a vein or applied to the skin.

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Calciphylaxis Treatment Market Key Companies Profile, Size, Share Till 2023

Calciphylaxis Market Information: By Diagnosis (Deep Skin Biopsies, Blood Tests and Imaging), Treatment, (Intensive Wound Care, Medication, Therapy, and Clot-Dissolving), End User (Hospitals, Clinics, Medical Research Centers) - Global Forecast till 2023

Market Highlights

The Global Calciphylaxis Market is expected to grow at a CAGR of 10.70% during the forecast period 2017-2023. Warfarin is an oral anticoagulant which inhibits the synthesis of vitamin K- dependent clotting factors.

These include bisphosphonates, newer non-calcium/non-aluminum-containing phosphate binders and case reports of use of cinacalcet. Other treatments for calcific uremic arteriolopathy (CUA) that are not targeted directly at calcium/phosphate homeostasis include HBOT and the sodium thiosulphate.  The healthcare professionals have stated that randomized controlled trials for treatments in CUA are still lacking, which has restrained the growth of the market.

Warfarin is most commonly prescribed cardiovascular agent. However, excess use of anticoagulant increases the risk of calciphylaxis in treatment seeking population. According to the national pharmaceutical regulatory agency (2015), cases of calciphylaxis have been reported in patients on warfarin therapy. Although many of the cases reported for pre-existing renal disease.

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A number options are available in the market for the treatment of calciphylaxis, which is associated with hypophosphatemia, and secondary hyperparathyroidism with chronic kidney disease.  European Medicine Agency review concluded that there is reasonable possibility between calciphylaxis and use of warfarin. Taste the market data and market information presented through more than 144 market data tables and 34 figures spread over 152 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “calciphylaxis market research report–Global forecast till 2023.”

Segmentation

The global calciphylaxis market is segmented on the basis of diagnosis, treatment, and end user. On the basis of the diagnosis, the calciphylaxis market is further segmented into deep skin biopsies, blood tests, imaging, and others. The deep skin biopsies are further segmented into shave biopsy, punch biopsy, and excisional biopsy. The blood tests is further segmented into serum parathormone levels, blood glucose levels, BUN (blood urea nitrogen), calcium levels, and others. Imaging is further segmented into magnetic resonance imaging (MRI), CT scan, ultrasound, and others. On the basis of the applications, the market is segmented into intensive wound care, medication, therapy, clot-dissolving, and others. Intensive wound care unit is further segmented into debridement, wet dressings, and others. The medication is further segmented into cinacalcet, sodium thiosulfate, steroids, and bisphosphonates. On the basis of end user, it is segmented into hospitals, clinics, medical research centers, academic institutes, and others.

Major Players in the Calciphylaxis Market

Some of the key players in this market are Amgen Inc., Smith & Nephew plc, Medtronics, 3M, BSN Medical, ConvaTec Inc, Sanifit, and others.

The global calciphylaxis market consists of four regions the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas account for a major share of the market owing to the presence of patient population, well-developed technology, high healthcare expenditure and the presence of the leading players. Moreover, due to the high prevalence of end stage renal diseases (ESRD) on of the major cause of calciphylaxis in U.S. As per The Regents of the University of California, the rate of ESRD is increasing in the U.S. by 5% per year. The American calciphylaxis market is expected to reach USD 1,257 million by 2023 from USD 581.9 million in 2016.

Europe consists of two regions namely Western Europe and Eastern Europe. Western Europe consists of countries namely Germany, the U.K., France, Italy, Spain, and Rest of Western Europe. Increasing prevalence of cardiovascular calcification in ESRD patients is a key driver for the growth of this market in Europe. Moreover, increasing healthcare expenditure, rising research & development activities, awareness among patients about the treatment options supporting the market growth for calciphylaxis.

Asia Pacific consists of Japan, China, India, Australia, Republic of Korea, and rest of Asia Pacific. Increasing incidence of chronic kidney failure across Asia Pacific. Moreover, the growth of this segment is attributed to high population growth, increasing environmental pollution, and urbanization. Increasing incidence of calciphylaxis, improving healthcare infrastructure and rising awareness about the treatment process have spurred the growth of Asia Pacific region.  

On the other hand, the Middle East & Africa owns the minimum market share of the calciphylaxis market due to less development in the healthcare services such as new and advanced diagnosis & treatment methods in healthcare domain.

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Sodium Thiosulphate Market Outlook, Analysis, Report 2023-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global sodium thiosulphate market size at USD 104.75 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global sodium thiosulphate market size to grow at a significant CAGR of 6.1% reaching a value of USD 158.02 million by 2029. Major growth factors for global sodium thiosulphate market include increasing product demand in the healthcare and medical industries, growing healthcare and medical sector and advancements in these sectors. Similarly, the rising prevalence of chronic kidney failure illnesses, particularly calciphylaxis, is expected to drive demand for sodium thiosulphate. According to reputable estimates, calciphylaxis affects 1% to 4.5% of dialysis patients, with the majority of patients being diabetic, obese, or suffering from chronic liver disease. For the treatment of calciphylaxis, sodium thiosulphate serves as an antioxidant and calcium chelating agent. Also, developing mining operations in various regions, such as North America and Asia Pacific are paving the way for the sodium thiosulphate market in the coming years. According to Gold.org, global gold mining contributes around 2,500 to 3,000 tons of gold to the total above-ground supply of gold each year. Therefore, these factors are expected to boost the expansion of global sodium thiosulphate market during the period in analysis. However, increasing cost of the raw materials is anticipated to restrain the market growth.

Global Sodium Thiosulphate Market – Overview

Sodium thiosulphate is a colorless inorganic sodium salt that dissolves readily in water. It is made up of sodium and thiosulfate ions in a 2:1 ratio. It is used in the treatment of photographic paper and films. Prior to discharge into the environment, sodium thiosulphate liquid is employed to de-chlorinate ballast waters. The increasing use of sodium thiosulphate for heavy metal removal from industrial wastewater is estimated to drive the global sodium thiosulphate market size during the forecast period. Rising demand for sodium thiosulphate from the healthcare sector for the creation of antidotes used to treat cyanide poisoning contributes to market expansion. Sodium thiosulphate is widely used in gold extraction. This compound is also employed as a cyanide replacement lixiviant. In iodometry, sodium thiosulphate is employed as a measurement agent for oxygen in water for approximating substances such as hydrogen peroxide. This is expected to boost the sodium thiosulphate market overall throughout the forecast period. Consumers' growing worry about their health is expected to benefit the whole market during the next seven years. Another key end-use business is water treatment. It is used to reduce chlorine levels and to treat settled backwash water in swimming pools, spas, and aquarium.

Sample Request @ https://www.blueweaveconsulting.com/report/sodium-thiosulphate-market/report-sample

Global Sodium Thiosulphate Market – By Application

Based on application, global sodium thiosulphate market is divided into Medical, Photographic Processing, Iodometry, Gold Extraction, and Water Treatment segments. The water treatment segment held the highest market share. Sodium thiosulphate neutralizes chlorine, avoiding additional bactericidal effects on organisms in transit water. It also forms soluble complexes with heavy metals like lead, mercury, arsenic, and cadmium, making it easier to remove them from industrial waste effluents. Heavy metals are carcinogens, which can destroy the lungs, liver, kidneys, and other important organs. As a result, rising health concerns and demand for freshwater drive the sodium thiosulphate industry forward. According to the Organization for Economic Cooperation and Development (OECD), worldwide freshwater consumption is expected to rise by 55% between 2000 and 2050. It, in turn, is expected to boost the growth of the water treatment segment.

Competitive Landscape

Major players operating in global sodium thiosulphate market include Esseco SRL, Galactic, Allan Chemical Corporation, Samirian Chemicals Inc., Noah Chemicals, Dastech, INEOS, DBWINC, Southern Ionics Incorporated, Skyhawk Chemicals, Inc., Liyang Qingfeng Fine chemical Co. Ltd, Changsha weichuang chemical Co. Ltd, and Haimen Wuyang Chemical Industry Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Contact Us:

BlueWeave Research Blog

Phone No: +1 866 658 6826

Email: info@blueweaveconsulting.com

Sodium Thiosulphate Market

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