31-Jul-2020 | Zion Market Research
As per Zion Market Research, the global market for antibiotics was capitalized at USD 47 billion in 2019 and is predicted to grow with a CAGR of 4.2% from 2020 to 2026. Increase in the prevalence of infectious diseases together with imbalance of supply-demand of antibiotics is the major reason powering the growth global antibiotics market. Rising efforts undertaken by key players for the growth of enhanced goods will also power the growth of the market. As per Pew Charitable Trust, almost 37 promising molecules in March 2016 were being probed inside the US market. A bulk of these are in stage II clinical tests and are expected to hit the market from 2018 to 2020.
Some of the major players in the global market are Janssen Pharmaceuticals; Pfizer, Inc.; GlaxoSmithKline plc; Abbott Laboratories; Novartis AG; Sanofi S.A.; Bristol Myers Squibb Company; Bayer AG; Astellas Pharma, Inc; and Eli Lilly and Company.
Supportive Legislations By Government Are Predicted To Speed Up The Process Of Approval, Thereby Powering The Global Market
Supportive legislations by government are predicted to speed up the process of approval, thereby powering the global market. GAIN Act has terms, which facilitate the growth of treatments against pathogens resistant to antibiotic. Diarrhea stays the major cause of death amongst kids all over the world and it needs antibiotic interference to stop the morbidity. Other transferable diseases detected to pose huge burden are pneumonia, AIDS/HIV, tuberculosis, and malaria. In addition to this, the appearance of new infections, such as the Ebola and Zika virus, are also powering the uptake and development of antibiotics. Tactical plans of mutual development to split the expenditure are now being normally used by the market players. This is predicted lead to the growth of extra number of molecules. Moreover, private-public partnerships, where innovative R&D approaches and fund are enhanced by public agencies to antibiotics makers, will further power the creation of new pipeline goods.
Asia Pacific To Power The Global Market Growth Due To High Occurrence Of Infectious Diseases
North America had a considerable share of the market in 2019. The North American healthcare system facilitates the employment of branded goods. On the other hand, with the loss of individuality of specific molecules, sales in this area dropped considerably in the last few years. Asia Pacific had a noteworthy share earlier due to high occurrence of infectious diseases, huge population base, greater employment of generic medicines, and regulation reforms. Latin America, particularly Brazil, with its solid development in the pharmaceuticals industry is also predicted to show remunerative development. Outbreak of specific viruses in the Africa added to the development of the global market in this region.
Browse the full “Antibiotics Market -By Drug Class (Cephalosporins, Penicillin, and Fluoroquinolones), By Action Mechanism (DNA, Protein, Cell Wall Synthesis Inhibitors, and RNA) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/antibiotics-market
The global antibiotics market is segmented as follows:
By Action Mechanism
By Drug Class
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