The Aminoglycosides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aminoglycosides Global Market Report 2024, The aminoglycosides market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to antibiotic discovery and development, advancements in medicinal chemistry, clinical effectiveness in treating gram-negative infections, broad-spectrum antibacterial activity, hospital-acquired infection control, global population growth, post-surgery infection prevention, research and development investments.
The aminoglycosides market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to advancements in antibiotic stewardship, personalized medicine approaches, innovations in drug delivery, global spread of antibiotic-resistant strains, increasing focus on rare diseases, expanding applications in dermatology, patient education on antibiotic use.. Major trends in the forecast period include biotechnological innovations, combination therapies, technological advancements in production, price competition.
The rising incidences of animal disease outbreak is a major driver expected to propel the growth of the aminoglycosides market going forward. Animal disease is an impairment of the normal state of an animal that interrupts or modifies its vital functions. Aminoglycosides such as amikacin and gentamicin are the most commonly used in veterinary medicine. For instance, in July 2022, an anthrax outbreak, a disease of humans and other mammals is reported and monitored in the remote areas of the largest national park in Canada– Wood Buffalo National Park. Therefore, the rising incidences of animal disease outbreaks will continue to drive the aminoglycosides market.
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The aminoglycosides market covered in this report is segmented –
1) By Product: Neomycin, Tobramycin, Gentamicin, Amikacin, Paromomycin, Streptomycin, Kanamycin, Other Products
2) By Route Of Administration: Injectables (Parenteral), Feed, Intra-Mammary, Topical, Oral
3) By Application: Veterinary, Skin Infection, Respiratory Diseases, UTI And Pelvic Diseases, Other Diseases
Process innovation is a key trend in the aminoglycosides market. Major companies operating in the aminoglycosides market are focused on developing new process solutions to strengthen their position in the market. For instance, in September 2021, CPC Biotech, the specialist supplier of enzymes to the pharmaceutical and biotech industries, launched Aminosniper as its unique solution for the inactivation of aminoglycosidic antibiotics. Aminosniper is an enzyme-based product that can be used as a lab reagent belonging to the aminoglycosides class for verifying the sterility of products or surfaces contaminated by antibiotics belonging to the aminoglycosides class.
The aminoglycosides market report table of contents includes:
1. Executive Summary
2. Aminoglycosides Market Characteristics
3. Aminoglycosides Market Trends And Strategies
4. Aminoglycosides Market – Macro Economic Scenario
5. Global Aminoglycosides Market Size and Growth
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26. South America Aminoglycosides Market
27. Brazil Aminoglycosides Market
28. Middle East Aminoglycosides Market
29. Africa Aminoglycosides Market
30. Aminoglycosides Market Competitive Landscape And Company Profiles
Top Major Players:
- Kremoint Pharma Pvt. Ltd
- Vega Pharma Ltd
- Jiangxi Bolai Pharmacy Co. Ltd
- Xian Wison Biological Technology Co. Ltd
- Hangzhou Uniwise International Co. Ltd
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