Market Research Report
Antibiotics - Global Market Outlook (2020-2028)
|Published by||Stratistics Market Research Consulting||Product code||1004554|
|Published||Content info||150+ Pages
Delivery time: 2-3 business days
|Antibiotics - Global Market Outlook (2020-2028)|
|Published: April 1, 2021||Content info: 150+ Pages||
According to Stratistics MRC, the Global Antibiotics Market is accounted for $40.70 billion in 2020 and is expected to reach $67.36 billion by 2028 growing at a CAGR of 6.5% during the forecast period. The rising prevalence of infectious diseases, supportive government legislation and the expanding vulnerable aging population are driving the market growth. However, some issues associated with antibiotics, such as antibiotic resistance and lengthy and tedious regulatory procedures is hampering the growth of the market.
Antibiotic is a medication used to either inhibit or prevent bacterial infections referred as bactericidal and bacteriostatic antibiotics, respectively. Various types of antibiotics such as penicillin, cephalosporin, carbapenem, and monobactam are available in pharmacies and hospitals that are used to treat infectious diseases.
Based on the drug class, the penicillin segment is going to have lucrative growth during the forecast period due to maximum prescription and the largest number of generic manufacturers in the space. By geography, Asia Pacific is going to have high growth during the forecast period owing to the high consumption of antibiotics, increase in the prevalence of infectious diseases, and rising government initiatives to develop novel therapies to treat drug-resistant infections in the region.
Some of the key players profiled in the Antibiotics Market include Abbott Laboratories, AbbVie Inc., Astellas Pharma, AstraZeneca Plc, Bayer AG, Daiichi Sankyo, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Mayne Pharma Group Ltd., Melinta Therapeutics Inc., Merck KGaA, Pfizer Inc. and Sanofi.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.