Overview and Scope
Levofloxacin is a fluoroquinolone-class bactericidal antibiotic that directly prevents bacterial DNA (deoxyribonucleic acid) synthesis. It works by inhibiting the growth and replication of bacteria, thereby used to treat a variety of bacterial infections.
Sizing and Forecast
The levofloxacin market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to antibiotic demand, increased respiratory tract infections, increased skin and soft tissue infections, emergence of multidrug-resistant strains..
The levofloxacin market size is expected to see strong growth in the next few years. It will grow to $2.17 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to aging population dynamics, increased incidence of respiratory infections, rising cases of urinary tract infections, globalization of antibiotic resistance, expanding surgical procedures.. Major trends in the forecast period include adoption in urinary tract infections (utis) treatment, exploration of combination therapies, continuous monitoring for safety profile, shift towards outpatient prescriptions, global health preparedness for infectious diseases..
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Segmentation & Regional Insights
The levofloxacin market covered in this report is segmented –
1) By Type: 250 Mg Tablets, 500 Mg Tablets, 750 Mg Tablets
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By Application: Pneumonia, Skin Infection, Kidney Infection, Bladder Infection, Other Applications
North America was the largest region in the global levofloxacin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the levofloxacin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising number of bacterial infections is expected to propel the growth of the levofloxacin market going forward. Bacterial infection refers to a disease caused by bacteria, which are single-celled, microscopic organisms that enter the body. Levofloxacin alleviates bacterial infections such as strep throat, tuberculosis (TB), whooping cough (pertussis), and associated symptoms by inhibiting DNA topoisomerases, thereby DNA synthesis. For instance, in October 2022, according to the Global Tuberculosis Report 2022, published by the World Health Organization, a Switzerland-based global health agency, the global incidence of tuberculosis (TB) was estimated at 10.6 million cases, with a rate of 134 cases per 100,000 population in 2021. Therefore, the rising number of bacterial infections is driving the growth of the levofloxacin market.
Key Industry Players
Major companies operating in the levofloxacin market report are Zydus Lifesciences Limited, Dr. Reddy’s Laboratories Limited, Lupin Limited, Pax Healthcare, Aden Healthcare, Allenge India Pharmaceuticals Private Limited, Alna Biotech Private Limited, Bestochem Formulations Limited, Divine Savior Healthcare Private Limited, Glenmark Pharmaceuticals Limited, Cipla Limited, Alkem Laboratories Ltd., Sanofi S.A., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Unichem Laboratories, Macleods Pharmaceuticals Ltd., Aurobindo Pharma Ltd., Torrent Pharmaceuticals Ltd., Alembic Pharmaceuticals, Jubilant Pharmova Limited, Wockhardt, Hetero Drugs, Sandoz Group AG, Mankind Pharma, Intas Pharmaceuticals Ltd., Strides Pharma Science Ltd., Divis Laboratories Ltd., Ajanta Pharma Ltd., Panacea Biotec Limited
The levofloxacin market report table of contents includes:
1. Executive Summary
2. Levofloxacin Market Characteristics
3. Levofloxacin Market Trends And Strategies
4. Levofloxacin Market – Macro Economic Scenario
5. Global Levofloxacin Market Size and Growth
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31. Global Levofloxacin Market Competitive Benchmarking
32. Global Levofloxacin Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Levofloxacin Market
34. Levofloxacin Market Future Outlook and Potential Analysis
35. Appendix
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