Rising Relevance of the Cephalosporin Market: Insights by Allied Market Research

Allied Market Research recently said Cephalosporins are a group of antibiotics that have been widely used in the medical industry for over 50 years. They were first discovered in 1945 by Dr. Giuseppe Brotzu, an Italian scientist, and were initially used to treat staphylococcal infections. Today, cephalosporins are used to treat a wide range of bacterial infections and are considered one of the most important classes of antibiotics.

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COVID-19 Impact Analysis (Pre & Post) -

• In vitro and In vivo studies are going on to assess the potential of cephalosporin for COVID-19, thereby boosting the market growth to a significant extent.
• Also, increase in demand for drugs that prevent infections has impacted the global market for cephalosporin positively.

The cephalosporin industry has grown rapidly in recent years, with increasing demand for these antibiotics in both human and veterinary medicine. The global cephalosporin market size was valued at $13.69 billion in 2019, and is estimated to reach $16.87 Billion by 2027, growing at a CAGR of 2.6% from 2019 to 2027. This growth can be attributed to several factors, including the increasing prevalence of bacterial infections, rising healthcare expenditures, and the development of new and more effective cephalosporin drugs.

One of the main drivers of the growth of the cephalosporin industry is the increasing incidence of bacterial infections. Bacterial infections can be caused by a variety of pathogens and can lead to serious health problems if left untreated. Cephalosporins are effective against a wide range of bacterial pathogens and are therefore an important tool in the fight against these infections.

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Important Key Market Players Are -

• Bristol-Myers Squibb Company
• GlaxoSmithKline Plc.
• Sanofi
• Allergan Plc.
• Merck & Co. Inc.
• Novartis International AG
• F.Hoffmann-La Roche Ltd.
• Lupin Limited (Lupin Pharmaceuticals, Inc.)
• Pfizer Inc.
• Teva Pharmaceutical Industries Ltd.

Another factor contributing to the growth of the cephalosporin industry is the rising healthcare expenditures. As healthcare systems around the world continue to expand, the demand for antibiotics, including cephalosporins, is also increasing. This trend is expected to continue in the coming years, as healthcare spending is projected to rise due to factors such as aging populations, increasing incidence of chronic diseases, and the need for better healthcare infrastructure.

Key Findings of The Study -

• Generic cephalosporin segment is expected to register the highest CAGR of 3.1% during the analysis period.
• India and China collectively contributed for more than 40% share of the Asia-Pacific cephalosporin market in 2019.
• U.S. was the major shareholder that accounted for more than 90% of the North America cephalosporin market in 2019.

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Geographic Segments Covered in the Report -

The Cephalosporin Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

Frequently Asked Questions?

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Q5. What is the market value of Cephalosporin Market in 2020?

Q6. Which market holds the maximum market share of the Global Cephalosporin market?

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