Global antibiotics market is expected to reach to USD 67.25 Billion by 2026 at a CAGR of 4.7% during the forecast period 2019-2026. Rising incidences of infectious diseases and increasing collaborative development efforts are the two factors affecting the demand of the market.
Antibiotics, also known as antibacterial or antimicrobials, are defined as a group of medicines used in the treatment of infections caused by germs-bacteria and certain parasites by inhibiting the growth of microorganisms or killing them. After the discovery of the antibiotic penicillin in 1920, various antibiotic compounds have been used to treat several bacterial infections. It combats bacterial infections and occasionally protozoan infections. In addition, they are used to cure several diseases such as strep throat, urinary tract infections, sinus infections, pneumonia, skin infections, ear infections, and others.
Global Antibiotics Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The antibiotics market is segmented on the basis of action, drug class, spectrum of activity and route of administration.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global antibiotics market with USD 19.24 Billion in 2018 where as the Asia Pacific region is growing rapidly in the market.
Global Antibiotics Market Competitive Analysis:
Key players in the antibiotics market are Pfizer, Inc; Janssen Pharmaceuticals; Abbott laboratories; GlaxoSmithKline plc; Sanofi S.A.; Novartis AG; Bayer AG; Bristol Myers Squibb Company; Eli Lilly & Company, and Astellas Pharma, Inc, Allergan Plc, F.Hoffmann-La Roche Ltd, Merck & Co. Inc., Mylan N.V., Sanofi, Teva Pharmaceutical Industries Ltd, Aurobindo Pharma, Lupin Pharmaceuticals, Sun Pharmaceutical, Shionogi, among many others. For instance, In August 2016, Pfizer entered into an agreement with AstraZeneca to acquire the development and commercialization rights to its late-stage small molecule anti-infective business, mainly outside U.S.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global antibiotics market on the basis of below mentioned segments:
Global Antibiotics Market, By Action:
Global Antibiotics Market, By Drug Class:
Global Antibiotics Market, By Spectrum of Activity:
Global Antibiotics Market, By Route of Administration:
Global Antibiotics Market, By Regions:
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