Cephalosporin Market - Buisness Overview, Strategies & Lucrative Opportunities Analysis 2023 | Global Players Lupin, Merck & Allergan
In addition, an increase in R&D activities to develop highly efficient & safe drugs and an upsurge in the use of combination therapies further boost market growth. However, side effects associated with cephalosporin and development of drug-resistant bacterial strains restrain the market growth.
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The global cephalosporin market was valued at $3,136 million in 2016 and is projected to reach $4,980 million by 2023, growing at a CAGR of 6.8%.
Cephalosporin Market Key Findings:
• Branded cephalosporin segment is expected to register the highest CAGR of 14.4% during the analysis period.
• Injectable cephalosporin is accounted for more than two-fifths share of the global cephalosporin market in 2016.
• Fifth-generation cephalosporin is projected to grow at a CAGR of 15.6% during the forecast period.
• France and Germany collectively contributed to around one-third share of the European cephalosporin market in 2016.
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Third-generation cephalosporin segment is expected to dominate the market throughout the analysis period, as these have a broader spectrum of activity. Fifth-generation cephalosporin is expected to register the highest CAGR of 7.6% during the forecast period.
Asia-Pacific is projected to register the highest CAGR of 16.1% during the forecast period, owing to increase in incidence of infectious diseases. In addition, rise in healthcare expenditure is anticipated to offer a lucrative opportunity for the market growth.
Cephalosporin Market Players:
• Lupin Limited
• Merck & Co.
• Allergan Plc
• Bristol-Myers Squibb Company
• Eli Lilly and Company
• F. Hoffmann-La Roche Ltd.
• GlaxoSmithKline Plc
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