Cephalosporin Market Predicted to Show Remarkable Growth Till 2023 | Allergan, GlaxoSmithKline, Lupin & Pfizer
In addition, an increase in R&D activities to develop highly efficient & safe drugs and the 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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According to Allied Market Research, 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%.
KEY FINDINGS OF THE STUDY
• Fifth-generation cephalosporin is projected to grow at a CAGR of 15.6% during the forecast period.
• 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.
• France and Germany collectively contributed for around one-third share of the European cephalosporin market in 2016.
• Japan is the major shareholder, accounting for more than one-third share of the Asia-Pacific cephalosporin market in 2016.
• Allergan Plc
• Bristol-Myers Squibb Company
• Eli Lilly and Company
• F. Hoffmann-La Roche Ltd.
• GlaxoSmithKline Plc
• Lupin Limited
• Merck & Co.Inc.
• Pfizer Inc.
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