Antibiotics Market Overview:
According to the latest report by IMARC Group, titled “Antibiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global antibiotics market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global antibiotics market to grow at a CAGR of 4.5% during 2021-2026.
Antibiotics refer to antimicrobial medicines that combat bacterial infections and often protozoan infections. They work by either killing the bacteria or preventing them from reproducing or copying themselves. Among the most prescribed courses worldwide in fighting bacterial infections, primarily in outpatient settings, antibiotics are extensively used across medical facilities and over-the-counter purchases. They can be broadly divided into two categories: broad-spectrum, which works on many different kinds of bacteria, and narrow-spectrum, which only targets a specific bacteria. Antibiotics can cure several diseases, such as urinary tract infections (UTI), sinus infections, strep throat, pneumonia, skin infections, and ear infections.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The market is primarily driven by the rise in therising prevalence of bacterial infectious diseases across the globe. The population group mainly affected by these infectious diseases are thegrowing geriatric population , and thus the growing geriatric population is also propelling the market growth significantly.
Furthermore, growing increasing investments in research and development (R&D) activities, the expanding drug supply chain using digital technologies, the emergence of anti-MRSA/VRE drugs, and multiple government initiatives promoting awareness regarding antibiotics and rapid urbanization are creating a positive outlook for the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Allergan Plc (AbbVie Inc.)
- Basilea Pharmaceutica AG
- GlaxoSmithKline Plc
- Johnson & Johnson
- Melinta Therapeutics
- Merck & Co. Inc.
- Nabriva Therapeutics Plc
- Paratek Pharmaceuticals Inc.
- Pfizer Inc.
- Sanofi SA
- Spero Therapeutics
- Tetraphase Pharmaceuticals
Key Market Segmentation Breakup by:
Action Mechanism:
- Cell Wall Synthesis Inhibitors
- Protein Synthesis Inhibitors
- DNA Synthesis Inhibitors
- RNA Synthesis Inhibitors
- Mycolic Acid Inhibitors
- Others
Drug Class:
- Cephalosporin
- Penicillin
- Fluoroquinolone
- Macrolide
- Carbapenem
- Aminoglycoside
- Others
Spectrum of Activity:
- Broad-Spectrum Antibiotics
- Narrow-Spectrum Antibiotics
Route of Administration:
- Oral
- Parenteral
- Topical
- Others
End User:
- Hospitals
- Specialty Clinics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Also Read: Animal Health Market Research Report 2022-2027: https://advisorwell.com/global-animal-health-market-key-players-share-report-22-27/
