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Global Quinolones Market 2023 Opportunity Assessment, Business Outlook, Growth Rate And Forecast To 2032 | Major Players Are Bayer AG, Novartis AG, Sanofi SA, Johnson & Johnson, Merck & Co Inc., LG Life Sciences
Quinolones Market
The Business Research Company's Template Global Market Report 2023 identifies The rise in the incidence of infectious diseases as the major driver for the Quinolones Market's growth in the forecast period. Infectious diseases refer to illnesses brought on by microbes such as parasites, fungi, bacteria, and viruses. Quinolones are widely used for treating a variety of infectious diseases caused by bacteria such as tuberculosis and urinary tract infections.
The global quinolones market size is expected to grow from $46.02 billion in 2022 to $48.09 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global quinolones market size is expected to grow to $56.42 billion in 2027 at a CAGR of 4.1%.
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Major competitors in the quinolones market are Bayer AG, Novartis AG, Sanofi SA, Johnson & Johnson, Merck & Co Inc., LG Life Sciences, Allergan Inc., Pfizer Inc., Viatris Inc., Lupin Limited, Hikma Pharmaceuticals PLC., Zydus Group, Bausch Health Companies Inc., KYORIN Holdings Inc., MerLion Pharmaceuticals GmbH, and Teva Pharmaceutical Industries Ltd.
A key trend in the Quinolones Market includes Product innovation. Major companies operating in the quinolones market are focusing on developing innovative products to sustain their market position. For instance, in January 2023, the South Korean branch of Viatris, a US-based pharmaceutical company launched Dovprela, a new drug-resistant tuberculosis treatment. Dovprela is a three-drug regimen of bedaquiline, pretomanid, and linezolid (BPaL) for treating adult patients with extensively drug-resistant TB and treatment-resistant or non-responsive multidrug-resistant TB. Dovprela reduces the treatment period from 18-20 months to 5-6 months due to its rapid anti-tuberculosis effect.
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The Quinolones Market is segmented -
By Type: Norfloxacin, Ofloxacin, Ciprofloxacin, Gemifloxacin, Other Types
By Pathogen Type: Gram-Positive Pathogen, Gram-Negative Pathogen
By Application: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Quinolones Market.
The Business Research Company's "Global Quinolones Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Quinolones Market Include:
1. Executive Summary
2. Quinolones Market Characteristics
3. Quinolones Market Trends And Strategies
4. Quinolones Market - Macro Economic Scenario
5. Quinolones Market Size And Growth
……
26. Africa Quinolones Market
27. Quinolones Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Quinolones Market
29. Quinolones Market Future Outlook and Potential Analysis
30. Appendix
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