Press release
Antibiotics Market on the Rise: Key Drivers and Trends Shaping the Future
Antibiotics Market
According to the Centers for Disease Control and Prevention (CDC), there were approximately 7,174 new cases of Tuberculosis (TB) reported in the U.S. in 2020, underscoring the ongoing need for effective antibiotic treatments. Furthermore, the common cold continues to affect millions each year, further driving demand for these vital medications.
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Key Drivers of Market Growth
The growth of the antibiotics market is largely fueled by the increasing number of pharmaceutical and biopharmaceutical companies focusing on developing combination medicines to combat antibiotic-resistant infections. For example, Venatorx Pharmaceutical recently announced positive clinical phase III results for cefepime-taniborbactam, a combination therapy for severe urinary tract infections. Additionally, a report by the Pew Charitable Trust in December 2020 revealed that 43 promising antibiotic compounds were under investigation for treating serious bacterial infections.
Challenges Facing the Market
Despite the growth prospects, the antibiotics market faces significant challenges, particularly rising antibiotic resistance. This public health crisis occurs when bacteria evolve to resist the effects of medications designed to eliminate them, leading to longer hospital stays, higher medical costs, and increased mortality rates. Additionally, the cost of clinical trials and stringent approval processes can hinder market progress. For instance, the U.S. Food and Drug Administration (FDA) has increased the cost of Abbreviated New Drug Approval (ANDA) by approximately $100,000 to $170,000.
Market Segmentation Insights
The global antibiotics market is categorized by product types, routes of administration, applications, and end-users.
Product Types:
The market includes several product segments: penicillin, cephalosporin, carbapenems, monobactams, quinolones, macrolides, and others. The penicillin segment holds the largest revenue share due to heightened awareness among healthcare providers about the importance of effective antibiotic use. Improvements in healthcare infrastructure, especially in developing regions, have enhanced the identification and treatment of bacterial infections, further driving this segment's growth.
Routes of Administration:
The market is also divided by administration routes, including oral and parenteral methods. The parenteral segment is expected to capture a significant share of the market, driven by the increasing number of hospital admissions for infections. Conversely, the oral segment is anticipated to grow the fastest, as oral antibiotics offer convenience, lower costs, and reduced risks of complications associated with intravenous therapy.
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Applications:
In terms of applications, the antibiotics market is segmented into skin infections, urinary infections, respiratory infections, and others. The respiratory infections segment is projected to generate the largest revenue share, attributed to the high prevalence of chronic respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD). Notably, nearly 25 million Americans suffer from asthma and COPD, highlighting the need for effective treatments.
End-Use Segments:
Lastly, the market is categorized by end-use, including hospital pharmacies and retail pharmacies. The hospital pharmacies segment is expected to dominate due to the increasing availability of broad-spectrum antibiotics and the growing number of patients with infectious diseases.
Antibiotics Top Companies and Competitive Landscape
The global antibiotics market is fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing testing, and introducing more effective antibiotics solutions in the market.
Some major players included in the global antibiotics market report are:
Bristol-Myers Squibb Company
AstraZeneca
The Menarini Group
Otsuka America Pharmaceutical, Inc.
GSK plc
Bayer AG
Lilly
Merck KGaA
Johnson & Johnson Services, Inc.
Novartis AG
Pfizer Inc.
Abbott
Sanofi
Hoffmann-La Roche Ltd.
AbbVie Inc.
Teva Pharmaceutical Industries Ltd.
Cipla Inc.
Lupin
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Antibiotics Latest Industry Updates
These three innovative formulations aim to facilitate the growth of SIRIO's partners, particularly pharmaceutical and Over-The-Counter (OTC) brands looking to establish a presence in the active health sector. The products are tailored to support customers in trending consumer health areas such as 'cough and cold', 'oral care', and 'Urinary Tract Infections' (UTI).
On April 15, 2023, GSK unveiled favorable outcomes from the significant EAGLE-2 and EAGLE-3 phase III trials concerning gepotidacin, a pioneering oral antibiotic with a unique mode of action designed for treating uncomplicated UTI in female adults and adolescents. These findings were presented today in an oral session at the European Congress of Clinical Microbiology and Infectious Diseases (ECCMID) held in Copenhagen, Denmark.
Antibiotics Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global antibiotics market on the basis of product, route of administration, drug origin, and spectrum of activity component, delivery mode, end-use, and region
Product Outlook (Revenue, USD Billion; 2019-2032)
Penicillin
Cephalosporin
Carbapenems
Monobactams
Quinolones
Macrolides
Others
Route of Administration (Revenue, USD Billion; 2019-2032)
Oral
Parenteral
Drug Origin Outlook (Revenue, USD Billion; 2019-2032)
Natural
Semisynthetic
Synthetic
Spectrum of Activity Outlook (Revenue, USD Billion; 2019-2032)
Broad-Spectrum Antibiotic
Narrow-Spectrum Antibiotic
Application Outlook (Revenue, USD Billion; 2019-2032)
Skin Infections
Ear Infections
Urinary Infections
Respiratory Infections
Others
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Hospital Pharmacies
Retail Pharmacies
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Antibiotics Market Size @ https://www.emergenresearch.com/industry-report/antibiotics-market/market-size
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