Clarithromycin Tablets Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | AbbVie Inc., Bayer AG, Abbott Laboratories, Mylan N.V., Apotex Inc.

"The Business Research Company recently released a comprehensive report on the Global Clarithromycin Tablets Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The clarithromycin tablets market size has grown strongly in recent years. It will grow from $1.91 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rising global burden of infections, rise in helicobacter pylori infections, rising production of generics, rising caseload of respiratory diseases, and growth of skin and bacterial infections.

The clarithromycin tablets market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing gastrointestinal infections, rising use of clarithromycin in combination therapies, growing access to healthcare in emerging economies, rise in antibiotic resistance, and rise in adoption of pulmonary medicines. Major trends in the forecast period include new clarithromycin formulations and combinations, generic versions of clarithromycin, research into new clarithromycin-based therapies, technological advancements in manufacturing processes, and innovations in drug formulations.

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Market Drivers and Trends:

The rising prevalence of respiratory infections is expected to propel the growth of the clarithromycin tablet market going forward. Respiratory infections are infections that affect the respiratory system, which includes the airways, lungs, and other structures involved in breathing. Viruses, bacteria, or fungi can cause these infections and can range from mild to severe. The rising prevalence of respiratory infections is due to increasing air pollution, climate change, and the spread of pathogens in densely populated areas. Clarithromycin tablets offer an effective treatment option for respiratory infections, targeting a broad spectrum of bacteria and providing relief through their potent antibiotic properties. For instance, in September 2022, according to the National Health Service, a UK-based government department, hospital admissions for children with asthma in England and Wales surged by 149% between 2021 and 2022. Additionally, in December 2023, according to the Australian Bureau Of Statistics, an Australia-based government agency, under 2.8 million (10.8%) people had asthma in 2022. Therefore, the rising prevalence of respiratory infections drives the clarithromycin tablet market.

Major companies operating in the clarithromycin tablets market are focusing on developing innovative tables such as Vonoprazan Tablets for the treatment of Helicobacter pylori (H. pylori) infection to enhance eradication rates, improve patient compliance, and address the growing challenge of antibiotic resistance. Vonoprazan tablets are a type of medication used to reduce stomach acid and treat acid-related disorders, such as gastroesophageal reflux disease (GERD) and peptic ulcers. For instance, in October 2023, Phathom Pharmaceuticals, a US-based pharmaceutical company, announced that the U.S. Food and Drug Administration (FDA) approved the Prior Approval Supplement (PAS) for the reformulation of vonoprazan tablets that include VOQUEZNA TRIPLE PAK and VOQUEZNA DUAL PAK. This approval pertains to two treatment regimens such as VOQUEZNA TRIPLE PAK (which provides for vonoprazan tablets, amoxicillin capsules, and clarithromycin tablets) and VOQUEZNA DUAL PAK (which includes vonoprazan tablets and amoxicillin capsules). These formulations are designed for the treatment of Helicobacter pylori (H. pylori) infection in adults. The reformulation of vonoprazan tablets is particularly noteworthy because vonoprazan is a potassium-competitive acid blocker (PCAB), representing a new class of acid suppressants.

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Major Key Players of the Market:

AbbVie Inc., Bayer AG, Abbott Laboratories, Teva Pharmaceutical Industries Ltd., Mylan N.V., Sandoz International GmbH, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Ltd., Dr. Reddy's Laboratories Ltd., Apotex Inc., Cipla Ltd., Alkem Laboratories Ltd., Torrent Pharmaceuticals Ltd., Medochemie Ltd., Takeda Pharmaceutical Company Ltd., Strides Pharma Science Ltd., LGM Pharma LLC, Envee Drugs Pvt. Ltd., SM Biomed Sdn Bhd, Wockhardt Ltd.

Clarithromycin Tablets Market 2024 Key Insights:

• The clarithromycin tablets market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Impact Of Rising Respiratory Infections On The Growth Of The Clarithromycin Tablet
• Advancements In Helicobacter pylori Treatment In Combating Antibiotic Resistance And Enhancing Patient Outcomes
• North America was the largest region in the clarithromycin tablets market in 2023

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