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Global Aminoglycosides Market to Reach $2.5 Billion by 2029, Growing at 6% CAGR
Aminoglycosides Market
An increase in the prevalence of animal diseases is a key factor expected to boost the growth of the aminoglycosides market. Animal diseases disrupt or alter the regular activities of an animal. Aminoglycosides, such as amikacin and gentamicin, are frequently used in veterinary medicine. For example, an anthrax outbreak - a disease that affects humans and other mammals - was reported and observed in July 2022 in the remote regions of Canada's largest national park, Wood Buffalo National Park. As a result, the escalation in animal disease outbreaks will persistently fuel the aminoglycosides market.
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What is the projected compound annual growth rate (CAGR) of the aminoglycosides market from 2025 to 2034, and what factors influence it?
Over the past years, the aminoglycosides market has experienced consistent expansion. It's anticipated to increase from $1.84 billion in 2024 to $1.93 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.9%. This market expansion during the historic timeframe has been affected by various factors, including the discovery and refinement of antibiotics, breakthroughs in medicinal chemistry, clinical effectiveness against gram-negative infections, broad-spectrum antibacterial activity, control of hospital-acquired infections, global population increase, prevention of post-operative infections, and investments in research and development.
Expectations for the aminoglycosides market size project robust expansion in the coming years, with a predicted valuation of $2.46 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.3%. The predicted growth within this period can be traced back to various factors such as progress in antibiotic stewardship, the rise of personalized medicine, revolutionary developments in drug delivery systems, the worldwide proliferation of antibiotic-resistant strains, a heightened focus on rare diseases, and broadening dermatology applications. Patient education on antibiotic use also contributes to this growth. Projection trends within this period are hinged on biotechnological advancements, the advent of combination therapies, and technological strides in production, alongside price competition.
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How are the latest trends influencing the growth of the aminoglycosides market?
A pivotal trend within the aminoglycosides market is process innovation. Many large-scale companies in the aminoglycosides market are concentrating on the evolution of new process solutions to fortify their market standing. For example, in February 2024, Cipla Limited, a pharmaceutical corporation based in India, obtained approval from the Central Drugs Standard Control Organization (CDSCO) for the introduction of ZEMDRI (plazomicin), an intravenous aminoglycoside antibiotic, in India. This antibiotic is primarily used in treating complicated urinary tract infections (cUTIs), including pyelonephritis.
What are the major segments of the aminoglycosides market and their role in driving growth?
The aminoglycosides market size has grown steadily in recent years. It will grow from $1.84 billion in 2024 to $1.93 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to antibiotic discovery and development, advancements in medicinal chemistry, clinical effectiveness in treating gram-negative infections, broad-spectrum antibacterial activity, hospital-acquired infection control, global population growth, post-surgery infection prevention, research and development investments.
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Which regions are key players in the growth of the aminoglycosides market?
Asia-Pacific was the largest region in the aminoglycosides market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aminoglycosides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the aminoglycosides market?
Major companies operating in the aminoglycosides market are Kremoint Pharma Pvt. Ltd., Vega Pharma Ltd., Jiangxi Bolai Pharmacy Co. Ltd., Xian Wison Biological Technology Co. Ltd., Hangzhou Uniwise International Co. Ltd., HuvePharma Inc., Yi Chang Veterinary Medicine Factory, Medson Pharmaceuticals, Medico Remedies Pvt. Ltd., Cipla Limited, Pfizer Inc., Allergan PLC, Teva Pharmaceutical Industries Ltd., Zoetis Inc., Novartis AG, Johnson & Johnson Inc., Bristol Myers Squibb Company, Sandoz International GmbH, Sun Pharmaceutical Industries Ltd., Zydus Lifescience limited, Lupin Limited, Aurobindo Pharma Limited, Fresenius Kabi AG, Aspen Pharmacare Holdings Limited, Mylan N.V., Sanofi SA, Wyeth Pharmaceuticals Inc., Zhejiang Hisun Pharmaceutical Co. Ltd., GlaxoSmithKline plc
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What Is Covered In The Aminoglycosides Global Market Report?
• Market Size Forecast: Examine the aminoglycosides market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aminoglycosides market for a structured understanding.
• Key Players Overview: Analyze major players in the aminoglycosides market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aminoglycosides market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aminoglycosides market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aminoglycosides market.
• Industry Challenges: Identify potential risks and obstacles affecting the aminoglycosides market.
• Competitive Landscape: Review strategic developments in the aminoglycosides market, including expansions, agreements, and new product launches.
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