Global Antibiotic Resistance Market is Estimated to Witness High Growth Owing to Advancements in Drug Development
The Global Antibiotic Resistance Market is estimated to be valued at US$ 8.83 Bn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 To 2031 driven by increased R&D investments and fast-track approvals by regulatory bodies for new drugs to combat antibiotic resistance.
Key Takeaways
Key players operating in the Global Antibiotic Resistance are Melinta Therapeutics, Merck & Co., Inc., Allergan, Pfizer Inc., Tetraphase Pharmaceutical, Inc., Theravance Biopharma, WOCKHARDT, Entasis Threapeutics, Paratek Pharmaceuticals, Inc., Seres Therapeutics, Achaogen Inc., Basilea Pharmaceutical Ltd., Nabriva Threapeutics plc, and NEMESIS BIOSCIENCE LTD. These key players are focusing on developing innovative drugs through clinical trials for effective treatment of antibiotic-resistant bacterial infections.
Increased government funding for R&D initiatives and clinical trials provide huge opportunities for players in this Global Antibiotic Resistance Market Size . Advancements in rapid point-of-care diagnostic tests will also aid early detection and treatment of antibiotic resistant infections.
Adoption of combination therapy and fast-track approval procedures by regulatory bodies encourage development of novel drugs classes like monoclonal antibodies and antiviral peptides to effectively combat antibiotic resistance.
Market Drivers
Increased R&D investments in novel classes of antibiotics by pharmaceutical companies is one of the major drivers of this market. According to a report, more than 30 global pharmaceutical companies have increased their R&D funding for developing effective antibiotics over 2019-2021.
Secondly, rapid emergence of multidrug-resistant pathogens particularly for TB, gonorrhea, and salmonellosis infections is fueling the antibiotic resistance market growth. These superbugs spread quickly in healthcare facilities where patients receive long-term treatments.
Thirdly, implementation of stringent guidelines regarding antimicrobial use in clinical practice and livestock animals also promotes rational use of existing antibiotics.
Current Challenges in Global Antibiotic Resistance Market
The emergence and spread of antibiotic resistant bacteria is one of the biggest threats to global public health. Overuse and misuse of antibiotics has increased the evolution and selection of resistant strains. Growing antibiotic resistance reduces the effectiveness of drugs used to treat various infections like pneumonia, tuberculosis, HIV/AIDS and malaria. Some common multidrug-resistant bacteria are MRSA (Methicillin-Resistant Staphylococcus Aureus), VRE (Vancomycin-Resistant Enterococci) and drug-resistant tuberculosis. Development of new antibiotics has also not kept pace with emerging resistance. This diminishes available treatment options, increases risk of spread and complicates disease management. Shorter duration of treatment and abandoning courses prematurely when symptoms disappear also propels resistance. Addressing these challenges through coordinated action is important to preserve the effectiveness of existing antibiotics and discover new life-saving treatments.
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