The Antibiotic Resistance Market to see digitized data collection at a CAGR of 4.0%

Antibiotic resistance is one of the biggest public health concerns today. In the U.S., over 2 million people suffer from an antibiotic-resistant infection annually. Growing mortality rate due to these infections has generated a gateway for pharmaceutical manufacturers to develop novel antibiotics. Fighting this threat is a national and public health priority that needs a collaborative approach among healthcare providers and governments. Human overuse of antibiotics leads to the development of antibiotic resistance, which, in turn, demands newer antibiotics.

Escherichia coli and Klebsiella pneumonia are highly resistant to the class of antibiotics called Carbapenem. Carbapenem-resistant Enterobacteriaceae (CRE) infection is a dangerous condition, because these microbes can cause infections in almost all parts of the body. Some of the very severe and common infections include urinary tract infections, ventilator-associated pneumonia bloodstream infections, and intra-abdominal abscesses. These infections are more dangerous as they are resistant to Carbapenem antibiotic drugs, which are considered to be the last resort of defence to treat multidrug-resistant bacterial infections.

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Companies covered in Antibiotic Resistance Market Report

Pfizer Inc
GlaxoSmithKline plc
Merck & Co., Inc.
Johnsons & Johnson
Baxter Healthcare Corporation
Zydus Cadila
Teva Pharmaceutical Industries Ltd.
Novartis AG
Dr. Reddy's Laboratories Ltd.
Mayne Pharma Group Limited.
Sun Pharmaceutical Industries Ltd.
Cipla Inc.
Shanghai Pharmaceutical Group Co., Ltd.
Yuhan Corporation
Abbott Laboratories

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Among all the regions, Asia Pacific countries are regarded as high CRE-prevalent regions, where the rate of CRE detection has been continuously increasing.

According to a latest report published by Persistence Market Research, the global antibiotic resistance market is projected to be valued at US$ 12.6 Bn by the end of 2031, witnessing a steady CAGR of over 4% during the forecast period (2021 - 2031).

Key Takeaways from Antibiotic Resistance Market Study

Beta lactam antibiotics are expected to contribute more than 25% of the revenue share to the market by 2031. These antibiotics target a broad range of microbes, leading to their higher adoption.
By distribution channel, hospitals pharmacies will lead by acquiring more than half of the market share. Most antibiotic-resistant infections are hospital-acquired, and hence, hospitals are major treatment providers.

By indication, complicated urinary tract infections (CUTIs) are expected to dominate the market, owning to their higher prevalence, especially in the female population. These infections are common in developing regions with poor hygiene practices.
North America represents the largest regional market for antibiotic resistance, with one-fourth global market share.

Key players are focused on strengthening their clinical pipelines with new discoveries of antibiotics and combination therapies.
The COVID-19 outbreak moderately affected the market. Demand for antibiotics during lockdowns was low as the sole focus was attending COVID-19 patients.

Demand for antibiotics in Asia Pacific countries, especially India and China, is unmatched. Antibiotic usage in overwhelming in these countries, leading to increased rates of antibiotic resistance, expected to expand at CAGRs above 5% through 2031.

The U.S. market holds a major share accounting more than 90% of the total North America market.
"Emergence of multi-drug-resistant bacteria due to excess consumption of antibiotics is anticipated to accelerate antibiotic resistance market growth," says an analyst of Persistence Market Research.

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This release was published on openPR.