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Amoxicillin Global Market Top Companies, Trends and Future Prospects Details for Business Development 2033 | Pfizer Inc., Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline Plc
Amoxicillin Global Market
As per the report, the amoxicillin market size has grown steadily in recent years. It will grow from $4.58 billion in 2023 to $4.74 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The amoxicillin market size is expected to see steady growth in the next few years. It will grow to $5.44 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%.
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Rising Infectious Disease Prevalence Fuels Growth In Amoxicillin Market
The increasing prevalence of infectious diseases is expected to propel the growth of the amoxicillin market going forward. Infectious diseases are illnesses caused by pathogenic microorganisms such as bacteria, viruses, fungi, or parasites. Cases of infectious diseases are rising due to factors such as global travel, antimicrobial resistance, climate change affecting disease vectors, and population density. Amoxicillin helps treat infectious diseases by targeting bacterial cell wall synthesis, leading to bacterial cell death. Its broad-spectrum activity, rapid absorption, and ability to work synergistically with other antibiotics make it a versatile and effective treatment for various bacterial infections. For instance, in January 2023, according to the National Institute of Health, a US-based public health research agency, urinary tract infections ranked seventh among the leading reasons for emergency department visits in the US, accounting for over 1 million visits annually. Of these, 22% (220,000) were classified as complicated UTIs, with approximately 100,000 cases resulting in hospital admissions each year. Therefore, the increasing prevalence of infectious diseases is driving the growth of the amoxicillin market.
Rising Healthcare Expenditure Drives Growth In Amoxicillin Market
The increase in healthcare expenditure is expected to propel the growth of the amoxicillin market going forward. Healthcare expenditure refers to the total amount of money spent on healthcare goods and services, including medical treatments, medications, hospitalizations, and preventive care, within a specified period, reflecting the overall cost of healthcare provision within a population. Healthcare expenditures are rising due to the increasing cost of advanced medical technologies, aging populations, and the prevalence of chronic diseases. Healthcare expenditures can benefit amoxicillin by ensuring wider accessibility and availability, which leads to higher prescription rates and improved patient outcomes. Enhanced funding also supports research and development, potentially leading to better formulations and broader usage of the antibiotic. For instance, in January 2024, according to the National Institutes of Health, a US-based government agency, healthcare expenditure in the US rose by 4.1% in 2022 to reach $4.5 trillion, representing a faster growth rate compared to the 3.2% increase observed in 2021. Therefore, the increase in healthcare expenditure is driving the growth of the amoxicillin market.
Innovative Treatment Approaches In The Amoxicillin Market
Major companies operating in the amoxicillin market are developing innovative drugs, such as reformulated versions of vonoprazan tablets, to enhance the treatment of Helicobacter pylori infections and improve patient outcomes. Vonoprazan is a novel potassium-competitive acid blocker (PCAB), which is a new class of acid suppressant medication that is reformulated. For instance, in May 2022, Phathom Pharmaceuticals, a US-based pharmaceutical company, received the U.S. Food and Drug Administration (FDA) approval of VOQUEZNA TRIPLE PAK (vonoprazan, amoxicillin, clarithromycin) and VOQUEZNA DUAL PAK (vonoprazan, amoxicillin) for the treatment of Helicobacter pylori (H. pylori) infection in adults. These treatment regimens contain antibiotics conveniently packaged with vonoprazan, a novel potassium-competitive acid blocker (PCAB) and the first innovative acid suppressant from a new drug class approved in the U.S. in over 30 years.
The amoxicillin market covered in this report is segmented -
1) By Drug Class: Penicillin, Cephalosporin, Tetracycline, Macrolides, Sulfonamides
2) By Therapy Type: Monotherapy, Combinational Therapy
3) By Form: Tablets, Capsule, Suspensions, Syrup, Powder
4) By Infection Type: Skin Infections, Ear, Nose And Throat Infections, Stomach Infections, Lungs Infections, Urinary tract infections (UTI), Pneumonia, Bronchitis, Gonorrhea
5) By End User: Hospitals , Homecare, Specialty Clinics, Other End Users
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Major companies operating in the amoxicillin market are Pfizer Inc., Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline Plc, Merck KGaA , Teva Pharmaceutical Industries Ltd. , Alkem Laboratories Ltd., Sun Pharmaceutical Industries Ltd., CSPC Pharmaceutical Group Limited, Torrent Pharmaceuticals GmbH, Aurobindo Pharma Limited, Hikma Pharmaceuticals PLC, Intas Pharmaceuticals Ltd., Lupin Limited, Daewoong Pharmaceutical Co. Ltd., Centrient Pharmaceuticals, Wockhardt Limited, Ranbaxy Laboratories Ltd., Atman Pharmaceuticals, Sinopharm Weiqida Pharmaceutical Co. Ltd., Cipla Inc., Zydus Cadila
Contents of the report:
1. Executive Summary
2. Amoxicillin Market Report Structure
3. Amoxicillin Market Trends And Strategies
4. Amoxicillin Market - Macro Economic Scenario
5. Amoxicillin Market Size And Growth
…..
27. Amoxicillin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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