Beta-lactam and Beta-lactamase Inhibitors Market Competitive Insights and Precise Outlook 2021-2030

At an estimated value of over 27.49 billion USD in 2019, the global Beta-lactam and Beta-lactamase market is predicted to thrive at a CAGR of 1.9% and valued at over USD 34.20 billion over the forecast year 2020-2030.

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Competitive Landscape

Lucrative growth opportunities makes the Beta-lactam and Beta-lactamase inhibitors market extremely competitive. Some of the major players in the market include Abbott Laboratories, Allergan plc. F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc., Merck & Co. Inc. Mylan N.V., Novartis International AG, Pfizer Inc., Sanofi, Teva Pharmaceutical Industries and more. A number of developmental strategies have been adopted by companies in the recent years to further promote the growth of the market. For instance, in 2019 Cipla gained rights to novel and patented its anti-infective called Elores. Also, In July 2019, imipenem-cilastatin-relebactam was also approved by the FDA for treating cUTIs and cIAIs.

Market Dynamics and Trends

The widespread presence of infectious diseases along with the growth in consumption of identical drugs in developing countries indicate the growth of beta-lactam and beta-lactamase inhibitors market. Recent improvements in the healthcare sector and advancement of medical technology have further contributed to this market growth. The surge in number of clinical trials of such drugs have further augmented the growth of the market. However, evolution of antibiotic resistance and misuse due to over the counter availability are expected to impede the growth of beta-lactam and beta-lactamase Inhibitors market. Contradictorily, discovery of advanced prospect molecules and novel combination therapies are anticipated to offer significant opportunities to the market players and hence increase their beta-lactam and beta-lactamase inhibitors market share.

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Geographical Analysis

The North America region is anticipated to hold the major market share as a result of advanced health care facilities and infrastructure in conjunction with rise in acceptance of beta-lactam and beta-lactamase inhibitors. The Asia Pacific region is predicted to show rapid and consistent growth in market share within the forecast period. This region also indicates increased prevalence of infectious diseases in addition to rise in consumption of such drugs, which also serves as favorable factor for the beta-lactam and beta-lactamase inhibitor market.

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