Antibiotics Market Growth | Trends, Size & Global Forecast 2024-2031
Antibiotics Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Global Antibiotics Market reached USD 40.9 billion in 2022 and is projected to witness lucrative growth by reaching USD 52.2 billion by 2031. The Global Antibiotics Market is expected to exhibit a CAGR of 3.1% during the forecast period 2024-2031.
The Antibiotics Market focuses on drugs that combat bacterial infections by inhibiting growth or killing bacteria. Driven by rising infectious diseases, antibiotic resistance concerns, and ongoing R&D in novel therapies, the market continues to evolve. Increasing healthcare access, government initiatives, and innovations in next-generation antibiotics further shape market dynamics, ensuring effective treatments for global health challenges.
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List of the Key Players in the Antibiotics Market:
GlaxoSmithKline PLC, Johnson & Johnson Inc., Merck & Co. Inc., Pfizer Inc., Bayer Healthcare AG, Novartis AG, Sanofi SA, Abbott Laboratories, F. Hoffmann-La Roche AG, and Otsuka Pharmaceutical Co. Ltd among others.
Industry Development:
In June 2023, SANTERO raised €8 million in a Series A funding round led by Newton Biocapital to advance the development of novel antibiotics aimed at combating antimicrobial resistance.
In October 2021, Otsuka, a global healthcare company, received European authorization for an additional pediatric indication for DELTYBA. The company has been actively working to expand global access to the treatment, reinforcing its commitment to tackling tuberculosis.
Growth Forecast Projected:
The Global Antibiotics Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Antibiotics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Antibiotics Market:
By Drug Class: Penicillin, Cephalosporin, Fluoroquinolones, Carbapenem, Macrolides, Sulfonamides, Aminoglycosides, and Others.
By Spectrum: Narrow-spectrum Antibiotics, Broad-spectrum Antibiotics.
By Distribution Channels: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy.
Regional Analysis for Antibiotics Market:
The regional analysis of the Antibiotics Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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