Press release
Aminoglycosides Market Outlook 2024: Exclusive Report By The Business Research Company
Aminoglycosides Market
The Business Research Company offers in-depth market insights through Aminoglycosides Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The aminoglycosides market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to antibiotic discovery and development, advancements in medicinal chemistry, clinical effectiveness in treating gram-negative infections, broad-spectrum antibacterial activity, hospital-acquired infection control, global population growth, post-surgery infection prevention, research and development investments..
The aminoglycosides market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to advancements in antibiotic stewardship, personalized medicine approaches, innovations in drug delivery, global spread of antibiotic-resistant strains, increasing focus on rare diseases, expanding applications in dermatology, patient education on antibiotic use.. Major trends in the forecast period include biotechnological innovations, combination therapies, technological advancements in production, price competition..
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Market Segmentation:
The aminoglycosides market covered in this report is segmented -
1) By Product: Neomycin, Tobramycin, Gentamicin, Amikacin, Paromomycin, Streptomycin, Kanamycin, Other Products
2) By Route Of Administration: Injectables (Parenteral), Feed, Intra-Mammary, Topical, Oral
3) By Application: Veterinary, Skin Infection, Respiratory Diseases, UTI And Pelvic Diseases, Other Diseases
Major Driver - Aminoglycosides Market Surges Amidst Escalating Animal Disease Outbreaks
The rising incidences of animal disease outbreak is a major driver expected to propel the growth of the aminoglycosides market going forward. Animal disease is an impairment of the normal state of an animal that interrupts or modifies its vital functions. Aminoglycosides such as amikacin and gentamicin are the most commonly used in veterinary medicine. For instance, in July 2022, an anthrax outbreak, a disease of humans and other mammals is reported and monitored in the remote areas of the largest national park in Canada- Wood Buffalo National Park. Therefore, the rising incidences of animal disease outbreaks will continue to drive the aminoglycosides market.
Competitive Landscape:
Major companies operating in the aminoglycosides market report are Kremoint Pharma Pvt. Ltd., Vega Pharma Ltd., Jiangxi Bolai Pharmacy Co. Ltd., Xian Wison Biological Technology Co. Ltd., Hangzhou Uniwise International Co. Ltd., HuvePharma Inc., Yi Chang Veterinary Medicine Factory, Medson Pharmaceuticals, Medico Remedies Pvt. Ltd., Cipla Limited, Pfizer Inc., Allergan Plc, Teva Pharmaceutical Industries Ltd., Zoetis Inc., Taiwan Fructose Sdn. Bhd., Novartis AG, Johnson & Johnson Inc., Bristol Myers Squibb Company, Sandoz International GmbH, Sun Pharmaceutical Industries Ltd., Zydus Lifescience limited, Lupin Limited, Aurobindo Pharma Limited, Fresenius Kabi AG, Aspen Pharmacare Holdings Limited, Mylan N.V., Sanofi SA, Wyeth Pharmaceuticals Inc., Zhejiang Hisun Pharmaceutical Co. Ltd., GlaxoSmithKline plc
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Top Trend - Process Innovation Emerges As A Pivotal Trend In The Aminoglycosides Market
Process innovation is a key trend in the aminoglycosides market. Major companies operating in the aminoglycosides market are focused on developing new process solutions to strengthen their position in the market. For instance, in September 2021, CPC Biotech, the specialist supplier of enzymes to the pharmaceutical and biotech industries, launched Aminosniper as its unique solution for the inactivation of aminoglycosidic antibiotics. Aminosniper is an enzyme-based product that can be used as a lab reagent belonging to the aminoglycosides class for verifying the sterility of products or surfaces contaminated by antibiotics belonging to the aminoglycosides class.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aminoglycosides Market Characteristics
3. Aminoglycosides Market Trends And Strategies
4. Aminoglycosides Market - Macro Economic Scenario
5. Aminoglycosides Market Size And Growth
…..
27. Aminoglycosides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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