The Levofloxacin 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 Levofloxacin Global Market Report 2024, 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
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.
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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
Advanced and targeted therapies have emerged as a key trend gaining popularity in the levofloxacin market. Major companies involved in the levofloxacin market are focused on innovating new products to improve their observation power and sustain their position in the market. For instance, in February 2022, Santen Pharmaceutical, a Japan-based pharmaceutical and medical device company, launched Ducressa, a fixed-dose combination (FDC) of levofloxacin and dexamethasone eye drops designed for the prevention and treatment of inflammation and infection associated with cataract surgery in adults. This new prophylactic treatment combines the efficacy of levofloxacin, a broad-spectrum antibiotic that reduces antibiotic exposure by 50%, aligning with global efforts to combat antibiotic resistance.
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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26. South America Levofloxacin Market
27. Brazil Levofloxacin Market
28. Middle East Levofloxacin Market
29. Africa Levofloxacin Market
30. Levofloxacin Market Competitive Landscape And Company Profiles
Top Major Players:
- Zydus Lifesciences Limited
- Dr. Reddy’s Laboratories Limited
- Lupin Limited
- Pax Healthcar
- Aden Healthcare
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