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Cephalosporin Market Overview, Growth And Forecast 2024-2033
Cephalosporin Market Overview
As per the report, the cephalosporin market size has grown steadily in recent years. It will grow from $17.04 billion in 2023 to $17.69 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The cephalosporin market size is expected to see steady growth in the next few years. It will grow to $20.29 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%.
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Rising Prevalence of Infectious Diseases Fuels Cephalosporin Market Growth
The growing prevalence of infectious diseases is expected to propel the growth of the cephalosporin market going forward. Infectious diseases refer to illnesses caused by the invasion and multiplication of pathogenic microorganisms, including bacteria, viruses, fungi, and parasites, which can be transmitted from one individual to another through various means that cause diseases such as tuberculosis, malaria, and flu. Infectious diseases drive the demand for cephalosporin antibiotics, which are commonly used to treat infectious diseases caused by bacterial pathogens and can be prescribed for various types of infections due to their crucial role in managing and combating bacterial infections. For instance, in March 2023, according to the Centers for Disease Control and Prevention, a US-based national public health organization, in the United States, 8,300 tuberculosis (TB) cases were reported in 2022, a rise from 7,874 cases in 2021. Therefore, the growing prevalence of infectious diseases will drive the growth of the cephalosporin market.
Advanced-Generation Therapies To Tackle Antibiotic Resistance
Major companies operating in the cephalosporin market are focused on developing new products and therapies, such as advanced-generation cephalosporins, to combat antibiotic resistance and enhance their portfolio's effectiveness in treating a wider spectrum of bacterial infections. Ceftobiprole is a broad-spectrum cephalosporin antibiotic used to treat various bacterial infections, including skin and soft tissue infections and pneumonia. For instance, in July 2022, Mast Group Ltd., a UK-based manufacturer and supplier of clinical and industrial diagnostic products, launched Ceftobiprole 5µg in the MASTDISCS Antimicrobial Susceptibility Test range. Ceftobiprole (Zevtera or Mabelio) is a broad-spectrum 5th-generation cephalosporin that is approved for the treatment of community-acquired pneumonia (CAP) and hospital-acquired pneumonia (HAP) in several European countries. Ceftobiprole is a good alternative for targeted empirical therapy due to its broad range of activity, strong effectiveness against methicillin-resistant Staphylococcus aureus (MRSA), and favorable safety profile.
The cephalosporin market covered in this report is segmented -
1) By Type: Branded, Generic
2) By Route Of Administration: Injection, Oral
3) By Application: Respiratory Tract Infection, Skin Infection, Ear Infection, Urinary Tract Infection, Sexually Transmitted Infection, Other Applications
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Major companies operating in the cephalosporin market report are Pfizer Inc., Roche Holding AG, Merck & Co. Inc., Novartis AG, AbbVie Inc., AstraZeneca PLC, Sanofi SA, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Allergan PLC, Baxter International Inc., Eisai Co. Ltd., Macleods Pharmaceuticals Ltd, Sun Pharmaceutical Industries Ltd., Shionogi & Co Ltd, Cipla Inc.., Hikma Pharmaceuticals PLC, Lupin Ltd., Zydus Lifesciences Ltd., Alkem Labs Ltd., Aurobindo Pharma Ltd., Fresenius Kabi, Aristo Pharmaceuticals Ltd, Accord Healthcare Ltd., Mankind Pharma Ltd., Qilu Anti Pharmaceutical Co. Ltd., Shandong Ruiying Pioneer Pharmaceutical Co. Ltd, Vansen Pharma Inc.
Contents of the report:
1. Executive Summary
2. Cephalosporin Market Report Structure
3. Cephalosporin Market Trends And Strategies
4. Cephalosporin Market - Macro Economic Scenario
5. Cephalosporin Market Size And Growth
…..
27. Cephalosporin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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