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Penicillin Market : New Technology, Application, Type, Customer Segments, and Top Key Players Takeda Pharmaceutical Company Ltd., Eli Lilly , Celgine Corporation, Biogen IDEC Bayer HealthCare AG ,Amgen, Bristol Myers Squibb Co and Abbot Laboratories
Increase in prevalence of contagious diseases and rise in investments for R&D are the key factors that drive the growth of the global penicillin market. In addition, upsurge in demand for generic drugs is anticipated to fuel the market growth. However, stringent government regulations to limit the use of antibiotics and patent expiry for these antibiotic manufacturing are major factors that restrain the market growth.
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Key Benefits :
• This report offers a detailed quantitative analysis of the current market trends from 2017 to 2023 to identify the prevailing opportunities.
• The market estimations provided in this report are based on comprehensive analysis of the key developments in the industry.
• In-depth analysis based on geography facilitates in analyzing the regional market to assist in strategic business planning.
• The development strategies adopted by key manufacturers are enlisted in the report to understand the competitive scenario of the market.
Rise in antimicrobial resistance of microbes and introduction of novel antibiotics with lesser side effects hamper the growth of the market. Conversely, new product development and usage of penicillin in cell cultures as a potent antibacterial agent are expected to provide potential opportunities for market expansion.
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Key Players
• Merck & Co., Inc.
• Novartis AG
• F. Hoffmann-La Roche Ltd.
• Astellas Pharma Inc.
• GlaxoSmithKline plc.
• Gilead Sciences Inc.
• Toyama Chemical Co., Ltd
• MiddleBrook Pharmaceuticals, Inc.
• Sanofi Aventis SA
• Pfizer
he global penicillin market is segmented on the basis of product, type, manufacturing process, mode of delivery, and end user. By product, the market is bifurcated into bulk and dosage. Based on type, it is categorized into aminopenicillin, antipseudomonal penicillin, beta-lactamase inhibitor, natural penicillin, and penicillinase-resistant penicillin. According to manufacturing process, it is divided into synthetic process, natural process, and semisynthetic process. Depending on mode of delivery, it is classified into oral, intramuscular, intravenous. As per end user, it is fragmented into hospitals, clinics, research institutes, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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