Antibacterial Drugs Market Size to Rise at a Moderate CAGR of 1.5% during the forecast period from 2019 to 2027

Antibacterial Drugs Market:Overview

Bacterial drugs are the substances that may destroy or constrain the microorganism growth such as bacteria. The antibiotic is an antimicrobial substance that is active against bacteria. It is considered a very important antibacterial used to fight against bacterial infections. The antibacterial drugs are also termed antibiotics, and they are widely applied to prevent and treat infectious diseases.

Antibacterial drugs prevent infection in two different ways. Firstly, by preventing bacteria through dividing and increasing in quantity. Secondly, they are also used to kill bacteria. The antibacterial drugs market is growing with the increasing prevalence of infectious diseases, rising government initiatives in the healthcare industry, and rise in geriatric population cumulatively. In 2018, the antibacterial drugs market has been valued at US$ 46.37 Bn globally, and is anticipated to expand at a compound annual growth rate (CAGR) of 1.5% during the forecast period from 2019 to 2027.

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Increasing Antibiotic Resistant Bacterial Strains Push Antibacterial Drugs Market

Owing to the prevalence of infectious diseases worldwide, there is a rapid increase in the patient population, and it is further responsible for increased demand in the antibacterial drugs market. Infectious diseases are one of the leading causes of death across the world. And this death ratio is even higher in countries with low income and is commonly noticed in young children.

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Since hospitalization due to infectious diseases requires prolonged stay at healthcare facilities, it leads to high. This increases the risk of exposure to drug-resistant pathogens. In America, a lot of patients who visited emergency department were further admitted in hospital. Majority of them were diagnosis of parasitic and infectious diseases. Further, it enhances the risk of nosocomial infection. All this leads to increased demand in the antibacterial drugs market.

Furthermore, the patients with infections are at increased danger of losing life, and it makes disease contagious. So, the solutions provided by the antibacterial drugs market may help to reduce this threat to some extent. It leads to the fear of bacterial infection due to reduced immunity in this age group. Therefore, rising geriatric population, as well as growing spectrum of antibiotic-resistance bacterial strains, are helping to boost the antibacterial drugs market.

Some of the key industry players from the antibacterial drugs market are putting efforts for the regulatory approvals, new product launches, development of new drugs, and also acquisition and collaboration agreements. These market strategies are expected to fuel growth in the antibacterial drugs market.

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With the presence of various regional and international players, the competitive dynamics in the antibacterial drugs market is fragmented. Pfizer Inc., AstraZeneca, Novartis AG, Bayer AG, Sanofi, Allergan, Merck & Co., Inc., and GlaxoSmithKline plc. Are some of the key market players that are leading in the antibacterial drugs market. Different market strategies have been adopted by industry players for the expansion of the antibacterial drugs market. GSK has initiated phase III clinical program. The program is for gepotidacin, a potential first-in-class antibiotic for patients.

Growth in Generic Medicine Market and Patent Expiration Hamper Antibacterial Drugs Market

In 2012, the U.S. Congress has passed GDUFA (Generic Drug User Fee Amendments). The aim of this amendment was to increase the speed of U.S, Food and Drug Administration approvalsor fresh generic drugs. But it has created a hugely competitive market for the antibacterial drugs market. Further, this initiative has reduced the prices of drugs for consumers and created a hurdle for the expansion in the antibacterial drugs market. The wide availability of generic medicines and OTC (over-the-counter) drugs are causing trouble for the growth in the antibacterial drugs market. Further, antibacterial drugs getting off-patents will boost the market generic drugs. This is a key factor that has hampered the antibacterial drugs market to an extent.

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