Press release
Strong Growth Ahead: Cephalosporin Market Size To Grow At Arecord 3.5% Cagr By 2029
The Cephalosporin Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Cephalosporin Market Size Expected to Be by 2034?
There has been a gradual increase in the size of the cephalosporin market in the past few years. The market, which is projected to be $17.69 billion in 2024, is expected to expand to $18.33 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. This growth during the historic period is due to the increased occurrence of bacterial infections, the growth of antibiotic resistance, an increase in surgical procedures and hospital stays, greater awareness amongst healthcare professionals, and regulatory approval for the development of antibiotics.
Anticipated steady expansion in the cephalosporin market size is projected over the following years. A compound annual growth rate (CAGR) of 3.5% is projected to elevate the market to $21.05 billion by 2029. The forecasted growth can be credited to the rising worldwide incidence of infectious diseases, emerging bacterial resistance, persistent increase in surgical procedures and healthcare-related infections, and the growing need for broad-spectrum antibiotics. Changes in reimbursement policies are also influencing market dynamics. Noteworthy trends for the forecast period encompass technological progress, changes in regulatory landscapes, market growth via advanced solutions, along with collaborations and partnerships.
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What Are the Emerging Segments Within the Cephalosporin Market?
The cephalosporin market covered in this report is segmented -
1) By Type: Branded, Generic
2) By Route Of Administration: Injection, Oral
3) By Application: Respiratory Tract Infection, Skin Infection, Ear Infection, Urinary Tract Infection, Sexually Transmitted Infection, Other Applications
Subsegments:
1) By Flat Panel Detector: Active Matrix Flat Panel Detectors, Thin-Film Transistor (TFT) Flat Panel Detectors
2) By Image Intensifier: Single-Field Image Intensifiers, Dual-Field Image Intensifiers
3) By Other Product Type: Charge-Coupled Device (CCD), Complementary Metal-Oxide-Semiconductor (CMOS)
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What Long-Term Drivers Are Shaping Cephalosporin Market Trends?
The escalating occurrence of infectious diseases is anticipated to fuel the cephalosporin market's growth. These diseases are typically caused by the intrusion and propagation of harmful microorganisms like bacteria, viruses, fungi, and parasites. They can be transferred from one person to another, potentially causing diseases like tuberculosis, malaria, and flu. The demand for cephalosporin antibiotics, essentially used to combat infectious diseases triggered by bacterial pathogens, is spearheaded by this rampant spread of infectious diseases. These antibiotics can be recommended for multiple types of infections owing to their crucial involvement in managing and fighting bacterial infections. To illustrate, the Centers for Disease Control and Prevention, a health organization based in the US, reported 8,300 tuberculosis cases in the United States in March 2023 which is an increase from 7,874 cases in 2021. Consequently, the proliferating prevalence of infectious diseases is anticipated to reinforce the growth of the cephalosporin market. An upswing in healthcare expenditures anticipates driving the cephalosporin market's growth. Healthcare expenditures englobe all the expenses involved in providing health services, family planning activities, nutrition programs, and emergency health assistance. By enhancing accessibility and affordability and stimulating research, development, and innovation in antibiotic treatments, healthcare expenditure indirectly supports the cephalosporin market. For instance, according to the Centers for Medicare & Medicaid Services, a federal agency based in the US, the healthcare spending in the US surged by 4.1% to $4.5 trillion, or $13,493 per person in 2022, in December 2023. This spending constituted 17.3% of the nation's gross domestic product. Hence, the upsurge in healthcare expenditures is steering the growth of the cephalosporin market.
Who Are the Top Competitors in Key Cephalosporin Market Segments?
Major companies operating in the cephalosporin market report are Pfizer Inc., Roche Holding AG, Merck & Co. Inc., Novartis AG, AbbVie Inc., AstraZeneca PLC, Sanofi SA, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Allergan PLC, Baxter International Inc., Eisai Co. Ltd., Macleods Pharmaceuticals Ltd., Sun Pharmaceutical Industries Ltd., Shionogi & Co Ltd., Cipla Inc., Hikma Pharmaceuticals PLC, Lupin Ltd., Zydus Lifesciences Ltd., Alkem Labs Ltd., Aurobindo Pharma Ltd., Fresenius Kabi, Aristo Pharmaceuticals Ltd., Accord Healthcare Ltd., Mankind Pharma Ltd., Qilu Anti Pharmaceutical Co. Ltd., Shandong Ruiying Pioneer Pharmaceutical Co. Ltd., Vansen Pharma Inc.
What Are the Major Trends Shaping the Cephalosporin Market?
Prominent enterprises functioning in the cephalosporin market are concentrating on the inception of new products and therapies like advanced-generation cephalosporins. This is in efforts to fight against antibiotic resistance and to improve the effectiveness of their portfolios in addressing a wide range of bacterial infections. Among these is Ceftobiprole, an antibiotic of broad-spectrum cephalosporin used widely in the treatment of diverse bacterial infections such as skin and soft tissue infections and pneumonia. To illustrate, in July 2022, Mast Group Ltd., a UK-based clinical and industrial diagnostic product manufacturer and supplier, introduced Ceftobiprole 5μg to the MASTDISCS Antimicrobial Susceptibility Test range. Ceftobiprole, also known as Zevtera or Mabelio, is a 5th-generation, broad-spectrum cephalosporin authorized for treating community-acquired pneumonia (CAP) and hospital-acquired pneumonia (HAP) in multiple European countries. Owing to its extensive range of activity, high efficacy against methicillin-resistant Staphylococcus aureus (MRSA), and a commendable safety profile, Ceftobiprole serves as a favorable option for targeted empirical therapy.
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Which Regions Are Becoming Hubs for Cephalosporin Market Innovation?
Asia-Pacific was the largest region in the cephalosporin market in 2024. The regions covered in the cephalosporin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cephalosporin Market?
2. What is the CAGR expected in the Cephalosporin Market?
3. What Are the Key Innovations Transforming the Cephalosporin Industry?
4. Which Region Is Leading the Cephalosporin Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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