Antibiotic Market was worth US$ 42.53 Bn. in 2021 and total revenue is expected to grow at a rate of 4.5 % CAGR from 2022 to 2029, the Antibiotic Market is reaching almost US$ 60.48 Bn. in 2029.
Antibiotic Market Overview:
The research “Antibiotic Market” seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the Antibiotic Market by Product Type, Application, Key Manufacturers, and Several Key Regions.
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Market Scope:
The research focuses on the Antibiotic market’s growth prospects, constraints, and market analyses. The research employs Porter’s five forces analysis of the Antibiotic industry to assess the impact of several variables on Antibiotic market trends, including supplier bargaining power etc
Segmentation:
Based on Drug class, the market is sub-segmented into Cephalosporin, Penicillins, Fluoroquinolones, Macrolides, and others. Penicillin had the largest market share of 23.9 % in 2021, and it is expected to continue to do so during the forecast period due to the highest number of prescriptions and the largest number of generic manufacturers. Infections such as pharyngitis, skin infections, bronchitis, gonorrhea, and ear infections are treated with these medications initially. After Penicillin, Cephalosporin became the second-largest medication class segment, and it is predicted to increase at a high rate throughout the forecast period.
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Key Players: The key players are
• Merck & Co., Inc.
• Allergan plc (AbbVie)
• GlaxoSmithKline plc.
• Pfizer Inc.
• Melinta Therapeutics
• Basilea Pharmaceutica Ltd.
• Tetraphase Pharmaceuticals
• Paratek Pharmaceuticals, Inc.
• Nabriva Therapeutics plc
• Spero Therapeutics
• Abbott Laboratories
• F.Hoffmann-La Roche Ltd.
• Mylan N.V.
• Novartis International AG (Sandoz)
• Sanofi
• Teva Pharmaceutical Industries Ltd.
Regional Analysis:
The report has assessed the Antibiotic market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Antibiotic Market:
The global repercussions of the coronavirus disease 2019 (COVID-19) are already being seen, and they will have a significant impact on the Antibiotic market in 2021. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; the declaration of a state of emergency in over thirty countries; a massive slowdown in the supply chain; the stock market; falling businesses, growing panic among the people, and uncertainty about the future.
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Key Questions answered in the Antibiotic Market Report are:
- Which key trends are likely to emerge in the Antibiotic market in the forecast period?
- What will be the Antibiotic market size by 2027?
- Which company had the biggest share in the Antibiotic market in 2020?
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