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Antibiotics Market to Reach USD 39.06 Billion by 2027 at 2.1% CAGR; Surging Cases of Bacterial Infections to Incite Development, states Fortune Business Insights™

Fortune Business Insights
·7-min read

Key Prominent Players Covered in the Antibiotics Market Research Report Are Pfizer Inc., GlaxoSmithKline plc, Merck & Co., Inc., Sandoz, Daiichi Sankyo Company, Limited, Taisho Pharmaceutical Holdings, Melinta Therapeutics and other key market players.

Pune, India, Jan. 14, 2021 (GLOBE NEWSWIRE) -- The global antibiotics market size is expected to reach USD 39.06 billion in 2027 at a CAGR of 2.1% during the forecast period. The increasing R&D for the development of antimicrobials in multidrug-resistant bacteria is expected to have a tremendous impact on the global market, states Fortune Business Insights, in a report. The market size stood at USD 43.30 billion in 2019.

Increasing Cases of Bacterial Infections to Boost Market

The increasing cases of bacterial infections will spur demand for antimicrobials, which, in turn, will augur well for the market. The rising incidence of tuberculosis, malaria, pneumonia, bacterial skin infections, urinary tract infections (UTI), and others will bolster the market's healthy growth during the forecast period. As per the estimates of WHO, the worldwide prevalence of tuberculosis was 10 million in 2019.

According to the Centers for Disease Control and Prevention, 1.7 million HAIs occur every year in the U.S., 32% of which are hospital-acquired UTIs. The increasing government efforts to prevent hospital-acquired infections (HAI), catheter, and ventilator-associated infections will create lucrative opportunities for the market in the forthcoming years.


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Adoption of Digital Health Technologies to Promote Growth Amid Coronavirus

The declined patient volume in standalone clinics and hospitals has forced doctors to adopt digital health technologies to sustain their business. Pharmaceuticals and medical devices companies have incurred huge losses due to the economic crisis caused by the pandemic. Moreover, dopped sales observed by key manufacturers can simultaneously dampen the growth of the market. For instance, nine months of Pfizer’s Zithromax sales decreased by 14.2% in 2020 compared to 2019. Similarly, Cubicin, manufactured by Merck & Co., Inc., witnessed a decline of 44.0% in sale during nine months of 2020 as compared to the previous year

Substantial R&D Investments by Major Companies to Consolidate Business

Prominent companies such as Merck & Co., Inc, Sandoz, Taisho Pharmaceutical Holdings, Daiichi Sankyo Company, Limited are investing in R&D to strengthen their position in the industry. Moreover, the increasing approvals for innovative therapies by the FDA can spur lucrative opportunities for the market. For instance, in August 2019, TB Alliance, a non-profit organization, received FDA approval for Pretomanid, as part of combination therapy with linezolid and bedaquiline to treat TB.


Click here to get the short-term and long-term impact of COVID-19 on this Market.
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Heavy Demand for Antibiotics to Contribute Growth in Asia Pacific

The market in Asia Pacific is expected to hold the largest share during the forecast period due to the high consumption of antibiotics. According to an article published in the journal Proceedings of the National Academy of Sciences of the United States of America (PNAS), China, India, and Pakistan witnessed a rise of 103%, 79%, and 69%, respectively, in antibiotic consumption during 2000-2015. The growing prevalence of bacterial infections coupled with the high use of antibiotics will spur lucrative opportunities for the Asia Pacific market.


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Key Development:

January 2020: Wockhardt announced that it had received approval from The Drug Controller General of India (DCGI) for Emrok (injectable) and Emrok O (oral) in acute bacterial skin and skin structure infections, including diabetic foot infections.


The Report Lists the Key Players in the Antibiotics Market:

  • Pfizer Inc. (New York, U.S.)

  • GlaxoSmithKline plc (Brentford, U.K.)

  • Merck & Co., Inc. (New Jersey, U.S.)

  • Sandoz (Novartis AG) (Holzkirchen, Germany)

  • Daiichi Sankyo Company, Limited (Tokyo, Japan)

  • Taisho Pharmaceutical Holdings (Tokyo, Japan)

  • Melinta Therapeutics (New Jersey, U.S.)

  • Other Prominent Players


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Table of Contents:

  • Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  • Executive Summary

  • Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  • Key Insights

    • Prevalence of Key Bacterial Infections– For Key Countries/ Regions

    • Antimicrobial Resistance Statistics – For Key Countries/ Regions

    • Pipeline Snapshot

    • New Product Launches

    • Key Industry Developments – Partnerships, Mergers, & Acquisitions

    • Impact of COVID-19 Pandemic on Antibiotics Market

  • Global Antibiotics Market Analysis, Insights and Forecast, 2016-2027

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – By Drug Class

      • Cephalosporin

      • Penicillins

      • Fluoroquinolones

      • Macrolides

      • Others

    • Market Analysis, Insights and Forecast – By Route of Administration

      • Oral

      • Parenteral

    • Market Analysis, Insights and Forecast – By Distribution Channel

      • Hospital Pharmacy

      • Retail Pharmacy

      • Online Pharmacy

    • Market Analysis, Insights and Forecast – By Region

      • North America

      • Europe

      • Asia Pacific

      • Latin America

      • Middle East & Africa


TOC Continued….!


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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

  • Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies

  • Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.

  • Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility

  • Number of procedures and average price of procedures

  • Replacement rate and pricing of capital equipment

  • Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities

  • Market & technological trends, new product developments, product pipeline.


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Press Release: https://www.fortunebusinessinsights.com/press-release/global-antibiotics-market-10421