Press release
Antimicrobial Resistance Market: Growth, Challenges, and Key Players in Focus
The global antimicrobial resistance market was valued at $4.6 billion in 2022, and is projected to reach $9.5 billion by 2032, registering a CAGR of 7.6% from 2023 to 2032.
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Antimicrobial Resistance (AMR) Overview
Antimicrobial resistance (AMR) refers to microorganisms' ability to resist the effects of antimicrobial substances. Over time, microbes like bacteria, fungi, and viruses can develop this resistance. When they resist multiple drugs, it's termed multi-drug resistance or "superbug." If they resist almost all available antibiotics, it's known as pan-resistant bacteria.
Market Growth Determinants
The global AMR market is growing due to antibiotic overuse/misuse, increasing prevalence of AMR bacterial infections, and the rising burden of AMR. However, the shortage of innovative antibiotics hampers growth. Initiatives to address AMR globally offer growth opportunities.
Impact of 2023 Recession
The global recession impacted industries, including pharmaceuticals and biotechnology. Reduced funding led to fluctuations in novel antibiotic development and affected purchasing decisions for expensive medications, potentially slowing novel antibiotic adoption.
Market Segmentation:
Drug Class
Combination Therapies: Leading segment in 2022, driven by demand for combination antibiotics for AMR bacterial infections.
Others: Expected fastest CAGR of 8.3%, driven by pharmaceutical and biotech players introducing novel antibiotics.
Pathogen
Escherichia coli: Largest share in 2022, driven by multidrug resistance concerns.
Klebsiella pneumoniae: Anticipated fastest CAGR of 8.4%, responsible for various infections.
Indication
cUTI: Largest share in 2022, driven by increasing prevalence.
HABP and VABP: Expected highest CAGR of 8.7%, significant healthcare-associated infections with collaborative efforts for reduction.
Mechanism of Action
Cell Wall Synthesis Inhibitors: Dominated in 2022 and fastest-growing segment, focusing on inhibiting cell wall synthesis.
Regional Insights:
North America: Highest revenue share in 2022, due to a well-developed healthcare industry.
Asia-Pacific: Fastest growing, with an expected CAGR of 8.4% from 2023 to 2032, driven by population, rising healthcare expenditure, infectious disease burden, and developing healthcare infrastructure.
Key Market Players
Alkem Laboratories Ltd.
Pfizer Inc.
Acurx Pharmaceuticals, Inc.
Basilea Pharmaceutica Ltd
Cumberland Pharmaceuticals
Wockhardt Limited
Paratek Pharmaceuticals Inc
Nabriva Therapeutics Plc
Innoviva, Inc
Merck And Co., Inc.
These players use strategies like acquisitions, collaborations, product launches, and upgrades to increase market share and maintain dominance.
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Comprehensive Healthcare Industry Research Studies:
Dental Mirror Handles Market https://www.alliedmarketresearch.com/dental-mirror-handles-market-A294521
Implantable Insulin Pump Market https://www.alliedmarketresearch.com/implantable-insulin-pump-market
Immune Checkpoint Inhibitor Market https://www.alliedmarketresearch.com/immune-check-point-inhibitors-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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