Press release
North America Carbapenem-Based Antibiotics Market Size and Growth Opportunities with COVID19 Impact Analysis | Gland Pharma Limited, Merck & Co., Inc.
The North America carbapenem-based antibiotics market is expected to reach US$ 1,713.21 million by 2028 from US$ 1,244.59 million in 2021; it is estimated to grow at a CAGR of 4.7% from 2021-2028.The market's growth is attributed to driving factors such as rising prevalence of bacterial infections and increasing development of generic drugs. However, the tedious and expensive process of the development of antibiotics is expected to restrain the market's growth during the forecast period.
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Gram-negative bacterial infections, such as urinary tract infection (UTI), pneumonia, bloodstream infections, wound or surgical site infections, and meningitis, are commonly acquired by patients during their hospital stays. These infections are generally known as hospital-acquired infections (HAI). Infections such as UTIs and pneumonia are common in patients admitted to intensive care units. According to the US National Healthcare Safety Network, 30% of HAIs are caused by gram-negative bacteria, ~45% are due to UTIs, and ~47% are by ventilator-associated pneumonia (VAP). The prevalence of infectious diseases caused by gram-negative bacteria is rapidly increasing.
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Major Key players covered in this report:
• ACS Dobfar S.p.A
• Iterum Therapeutics plc
• DAEWOONG PHARMACEUTICAL CO., LTD
• Aurobindo Pharma Ltd
• Gland Pharma Limited
• Merck & Co., Inc.
• Sumitomo Dainippon Pharma Co., Ltd.
• Savior Lifetec
• Pfizer Inc.
• Spero Therapeutics
NORTH AMERICA CARBAPENEM-BASED ANTIBIOTICS MARKET SEGMENTATION
North America Carbapenem-Based Antibiotics Market, by Type
• Meropenem
• Imipenem
• Doripenem
• Tebipenem
• Others
North America Carbapenem-Based Antibiotics Market, by Indication
• Bacterial Meningitis
• Acute Pelvic Infections
• Respiratory Tract Infections
• Intra-Abdominal Infections
• Urinary Tract Infections
• Others
North America Carbapenem-Based Antibiotics Market, by Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
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According to the Centers for Disease Control and Prevention (CDC), the COVID-19 pandemic led to the rise in HAI cases in 2020. Hospital admissions have grown globally, which has increased the risk of VAP as a secondary infection for COVID-19 patients. This has resulted in fueled demand for carbapenem-based antibiotics, which is aiding the market significantly.
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