This “Sodium Thiosulphate Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Sodium Thiosulphate market can use for expanding their business in untapped market to increase their customer base.
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Sodium Thiosulphate Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Medical Application to Dominate the Market
– One of the major medical applications of sodium thiosulphate is to treat lead, mercury, arsenic and bismuth poisoning. The treatment is done through intravenous injections of STS owing to the lack of toxicity during administration.
– One of the more recent medical applications of STS is in treating Calciphylaxis which is observed in patients suffering from kidney failure. STS is also used in preventing the toxicity of a cancer treating agent called cisplatin.
– Increasing cases of chronic kidney diseases in the United States is expected to drive the medical application of STS during the forecast period. The key factors that are driving the rise in chronic kidney diseases are population growth, increased risk exposure and aging.
– There are several epidemiological studies done in the recent years which suggest the possibility of using STS as an anti-inflammatory agent and as a neuroprotective agent.
– Hence, Medical application is likely to remain the most dominant application and occupy the largest market share during the forecast period.
Asia-Pacific Region to Dominate the Market
Asia-Pacific region dominated the global market share in 2018. The demand for STS is high from medical, photograph processing and water treatment industries of Asia-pacific region. Investment on water treatment chemicals in China is likely to increase owing to the increased focus on water treatment in the 13th five year plan. This increase in demand for water treatment chemicals is likely to boost the demand for STS. Apart from these, factors like growing investments in healthcare and growing disposable income in countries like India are also expected to boost the demand for STS in Asia-pacific. The increasing number of patients suffering from renal diseases in countries like India and China is also expected to boost the demand for sodium thiosulphate in the Asia-Pacific region. These factors are likely to propel the demand for STS in the region.
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Target Audience of Sodium Thiosulphate Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Sodium Thiosulphate Market Report:
- Analyzing various perspectives of the Sodium Thiosulphate market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Sodium Thiosulphate market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Sodium Thiosulphate market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Sodium Thiosulphate market studied, during the forecast period
- The segments that are expected to dominate the Sodium Thiosulphate market studied.
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