New York, USA, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Antibiotics Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR) “Antibiotics Market Information By Drug Class, Spectrum Of Activity, Drug Origin, End-User, And Region - Forecast till 2030", the market will reach USD 31,250.91 Million by 2030 at an 8.85% CAGR.
Market Synopsis
An antibiotic is a chemical with antimicrobial properties that fights bacterial illnesses and, on rare occasions, protozoan infections. They also treat various illnesses, including strep throat, ear infections, skin infections, sinus infections, pneumonia, and others. Antibiotics can be categorized in various ways, but the most popular classification is founded on their chemical compositions, range of activity, and mode of action. The need for antibiotics of the beta lactam and beta lactamase inhibitor classes is now great among healthcare professionals. Due to the rise in infectious disease cases, there is a noticeable increase in the demand for antibiotics. Another factor driving the market's expansion is the higher incidence of infectious disorders like pneumonia, lower respiratory infections, malaria, and tuberculosis. Government and non-government organizations are forced to invest in R&D programs and advance the creation of novel antibiotics and helpful regulatory rules to speed up the approval procedure and research financing. Biopharmaceutical companies are concentrating on developing cutting-edge combination medicines due to growing awareness of infections that are resistant to antibiotics.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 31250.91 Million |
| CAGR | 8.85% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Drug class, Spectrum of Activity, Drug Origin and End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | The rise in the incidence of chronic and infectious diseases |
| Growing investment opportunities by biotech companies in research & development |
Antibiotics Market Competitive Landscape:
The prominent companies in the antibiotics market are:
- Sanofi (France)
- Novartis AG (Switzerland)
- Bayer AG (Germany)
- Pfizer Inc. (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Abbott Laboratories (U.S.)
- GlaxoSmithKline PLC (UK)
- Bristol-Myers Squibb Company (U.S.)
- Eli Lilly and Company (U.S.)
- Astellas Pharma Inc. (Japan)
- Merck & Co., Inc. (U.S.)
- F. Hoffmann-La Roche Ltd (Switzerland)
Antibiotics Market Dynamics:
Market Drivers:
The primary drivers of the market are the increased prevalence of infectious diseases and favorable governmental regulations. Additionally, a rise in infections with antibiotic resistance brought on by improper or excessive use of antibiotics is anticipated to change prescription trends for innovative medicines to treat bacterial infections. Due to the rise in infectious disease cases, there is a noticeable increase in the demand for antibiotics. Another factor driving the market's expansion is the high prevalence of infectious disorders like lower respiratory infections, influenza, malaria, and tuberculosis. Government and non-government organizations are forced to invest in R&D programs and advance the creation of novel antibiotics and helpful regulatory rules to speed up the approval procedure and research financing.
Due to rising antibiotic usage in low- and middle-income nations, significant pharmaceutical company investments in research and development, and an increase in infectious diseases, the global antibiotic market is expanding. However, it is anticipated that the rise in medication approval costs and the development of antibiotic resistance will restrain market expansion. Due to rising consumption in low- and middle-income nations and the frequency of infectious diseases, the worldwide antibiotics market is anticipated to experience considerable expansion over the forecast period. Additionally, expanding clinical studies and creating new, creative methods for developing antibiotics to treat bacterial illnesses support market expansion.
Market Restraints:
Antimicrobial resistance (AMR) in patients has increased due to using various antibacterial treatments, such as broad-spectrum antibiotics, for extended periods. The abuse and overuse of antibiotics mostly fuel drug-resistant pathogen growth.
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COVID 19 Analysis
Patients avoided going to healthcare facilities for non-urgent medical requirements during the COVID-19 epidemic. Additionally, the decreased overall bacterial infection rates brought on by closed schools and social isolation significantly hampered market expansion in 2020. Important players have also disclosed a drop in their antibacterial medicine sales revenue during the COVID-19 epidemic. One of the main drivers of the market's expansion is the rising incidence of various bacterial illnesses in different parts of the world. UTIs, lung infections, T.B., skin infections, and other bacterial illnesses are examples of bacterial infections.
Antibiotics Market Segmentation
The market includes cephalosporins, penicillin, macrolides, carbapenem, aminoglycosides, and sulfonamides by drug class.
By end-user, the market includes hospitals & clinics and research organizations.
By spectrum of activity, the market includes broad-spectrum antibiotics and narrow-spectrum antibiotics.
By drug origin, the market includes natural, semi-synthetic, and synthetic.
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Antibiotics Market Regional Insights
The region with the biggest share is anticipated to grow significantly during the projected period. The increased usage of antibiotics, rise in infectious diseases, and rise in government initiatives to create novel medicines to treat infections with drug resistance can all be attributable to this. Additionally, the existence of generic competitors helps the regional market expand. The largest markets in the region for antibiotics are India and China. These countries' main drivers of market expansion are unrestricted sales and excessive antibiotic use. These markets have a strong regulatory framework and an advanced healthcare infrastructure. One of the main reasons propelling the North American market is the increase in infectious diseases and rising government healthcare spending.
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The U.S. government is adopting several actions, such as boosting R&D activities for novel medicines to manage infectious diseases and undertaking antibiotic stewardship initiatives. But the use of these medications has sharply increased in developing nations like China, India, the Middle East, and Africa. The increasing usage of these drugs in these nations results from the rising occurrence of infectious diseases and the increasing preference of healthcare professionals for oral medications. The demand for these medications is driven by a combination of factors, including increased hospital admissions and a growing focus on reducing hospital-acquired infections by healthcare organizations in these nations.
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