Antibiotics market to reach $54.4 billion by 2028 with a CAGR of 3.3%

BANGALORE, India, March 30, 2022 /PRNewswire/ — The Antibiotics market It is segmented by type (cephalosporins, penicillins, fluoroquinolones, macrolides, carbapenems, aminoglycosides, sulfonamides), by application (hospitals, clinics): opportunity analysis and industry forecast, 2022–2028. is published in Securities Reports under the Health Category.

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The size of the global Antibiotics market is estimated to be worth USD 44770 Million in 2022 and is forecast to have a readjusted size of $54.4 Billion by 2028 with a CAGR of 3.3% during the review period.

The main factors driving the growth of the antibiotics market are:

The antibiotics market is being driven by the increasing prevalence of infectious diseases, the increasing number of surgical procedures, and supporting government legislation. Furthermore, as a result of the misuse or overuse of antibiotics, an increase in antibiotic-resistant infections will lead to the discovery of prospective advanced molecules and the introduction of new combination therapies to treat antibiotic-resistant microbial infections, providing lucrative opportunities. to market players. .

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TRENDS INFLUENCING THE GLOBAL ANTIBIOTICS MARKET:

One of the main factors driving the growth of the antibiotics market is the increasing prevalence of various bacterial infections around the world. Urinary tract infection (UTI), respiratory infections, tuberculosis, skin infections, and other bacterial infections are examples of bacterial infections.

The growing burden of disease is putting pressure on governmental and non-governmental organizations to invest in R&D initiatives and accelerate the development of new antibiotics, as well as supportive regulatory policies to speed up the approval process and research funding. This factor is expected to drive the expansion of the antibiotics market. Antibiotic development collaborations are expected to result in the development of a large number of antibiotic drugs in the near future. Pharmaceutical companies are collaborating on the development of new therapies to reduce the cost of drug development.

In addition, people’s increasing use of antibiotics puts them at risk of developing antimicrobial resistance, which will render current antibiotics ineffective against disease-causing bacteria. As a result, the world is being forced to focus more on improving clinical research on new antibiotics. Antibiotics will be in higher demand as the world population and geriatric population grows, further driving the global antibiotic market.

As the number of surgical procedures increases, sales of antibiotics to prevent incisional infections will increase, driving the antibiotic market. They can also be used to treat conjunctivitis and acute ear infections in the form of drops. Antibiotics are also widely used in livestock farming to protect the health and welfare of animals while ensuring food safety. Other than that, scientists are working on developing cell-free vaccines made up of purified components, inactivated toxins, and proteins that are less reactogenic. Various health organizations are also forming strategic alliances with private companies to offer new treatments and improve existing drugs.

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ANTIBIOTICS MARKET SHARE ANALYSIS:

Depending on the type, cephalosporins and fluoroquinolones are expected to grow in popularity. The commercialization of new drugs during the forecast period is responsible for the growth of these segments. Three cephalosporin drugs are currently in phase three of clinical trials and are expected to hit the market in the next three to four years.

the Pacific Asia it is expected to be the most lucrative segment. The largest markets for antibiotics in the region are India and China. The key factors driving the growth of the market in these countries are unregulated sales and overconsumption of antibiotics.

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SIMILAR REPORTS:

– global antimicrobial susceptibility testing marketwas valued at USD 3,040.00 Million in 2020, and is expected to reach USD 4,736.03 Million by 2030, registering a CAGR of 5.8% from 2021 to 2030.

– global VRE and MRSA Antibiotics Market was valued at $3,886.2 million in 2020 and is expected to reach $5,369 million by the end of 2027, growing at a CAGR of 4.7% during 2021-2027.

– global Cephalosporin market was valued at $3,914.3 million in 2020 and is expected to reach $4,465.6 million by the end of 2027, growing at a CAGR of 1.9% during 2021-2027.

– Due to the COVID-19 pandemic, the world Antibacterial drug market it is estimated that the size is worth USD 47650 Million in 2022 and a readjusted size of $52.35 billion by 2028 with a CAGR of 1.6% during the review period.

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