Antibiotics Market to reach $54.4 trillion by 2028 at a CAGR of 3.3%

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BANGALORE, India, March 30, 2022 /PRNewswire/ — The Antibiotics market is segmented by Type (Cephalosporins, Penicillins, Fluoroquinolones, Macrolides, Carbapenems, Aminoglycosides, Sulfonamides), by Application (Hospitals, Clinics): Opportunity Analysis and Industry Forecast, 2022-2028. It is published in Appreciate the reports under the Health Category.

The global antibiotics market size is estimated to be worth $44,770 million in 2022 and should have a readjusted size of $54,400 million by 2028 with a CAGR of 3.3% over the reporting period.

Key drivers for the Antibiotics Market are:

The antibiotic market is stimulated by the increasing prevalence of infectious diseases, the increasing number of surgical procedures and favorable government legislation. Additionally, due to the misuse or overuse of antibiotics, an increase in antibiotic resistant infections will lead to the discovery of advanced prospective molecules and the introduction of novel combination therapies to treat antibiotic resistant microbial infections, offering lucrative opportunities to market players. .

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TRENDS INFLUENCING THE GLOBAL ANTIBIOTIC MARKET:

One of the major drivers for the growth of the Antibiotics market is the rising prevalence of several bacterial infections across the globe. Urinary tract infections (UTI), respiratory infections, tuberculosis, skin infections, and other bacterial infections are examples of bacterial infections.

The growing disease burden is pushing government and non-governmental organizations to invest in R&D initiatives and accelerate the development of new antibiotics along with supportive regulatory policies to speed up the approval process and research funding. This factor is expected to fuel the expansion of the antibiotics market. Antibiotic development collaborations are expected to result in the development of a large number of antibiotics in the near future. Pharmaceutical companies collaborate in the development of new therapies to reduce the cost of drug development.

Additionally, people’s increasing use of antibiotics puts them at risk of developing antimicrobial resistance, which will render current antibiotics ineffective against pathogenic bacteria. As a result, the world is being forced to focus more on improving clinical research on new antibiotics. Antibiotics will be increasingly in demand as the global population and geriatric population increases, pushing the global antibiotics market even higher.

As the number of surgeries increases, the sales of antibiotics to prevent incision infection will increase, propelling the antibiotics market forward. They can also be used to treat conjunctivitis and acute ear infections in the form of drops. Antibiotics are also widely used in animal husbandry to protect animal health and welfare while ensuring food safety. Apart from this, scientists are working on the development of acellular vaccines composed of purified components, inactivated toxins and less reactogenic proteins. Several health organizations are also forming strategic alliances with private companies to provide new treatments and improve existing drugs.

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ANALYSIS OF ANTIBIOTIC MARKET SHARES:

Depending on the type, cephalosporins and fluoroquinolones are expected to grow in popularity. The commercialization of new drugs during the forecast period is responsible for the growth of these segments. Three cephalosporin drugs are currently in third phase clinical trials and are expected to hit the market within the next three to four years.

the Asia Pacific should be the most lucrative segment. The largest antibiotic markets in the region are India and China. The major market growth drivers in these countries are unregulated sales and excessive consumption of antibiotics.

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Key players:

  • Pfizer
  • Janssen Pharmaceuticals
  • Abbott
  • GlaxoSmithKline
  • Sanofi
  • Novartis
  • Bayer
  • Bristol Myers Squibb Company
  • Eli Lilly and company
  • Stellas Pharma.

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SIMILAR REPORTS:

– The Global antimicrobial susceptibility testing marketyou were assessed at $3,040.00 million in 2020, and should reach $4,736.03 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.

– The Global VRE and MRSA Antibiotics Market was rated at $3886.2 million in 2020 and is expected to reach $5369 million by the end of 2027, growing at a CAGR of 4.7% over the period 2021-2027.

– The Global Cephalosporins market was rated at $3914.3 million in 2020 and is expected to reach $4465.6 million by the end of 2027, growing at a CAGR of 1.9% over the period 2021-2027.

– Due to the COVID-19 pandemic, the Antibacterial Drugs Market the size is estimated at the value $47,650 million in 2022 and is expected to reach a readjusted size of $52,350 million by 2028 with a CAGR of 1.6% over the reporting period.

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