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Antibiotics Market Size 2021 Growing Rapidly, Industry Share, Trends, Demand, Revenue, Key Findings, Latest Technology, Industry Expansion Strategies till 2028

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Swapnil GVR
Antibiotics Market Size 2021 Growing Rapidly, Industry Share, Trends, Demand, Revenue, Key Findings, Latest Technology, Industry Expansion Strategies till 2028

The global antibiotics market size was valued at USD 40.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2021 to 2028. The rising prevalence of infectious diseases and supportive government legislation are the major drivers of the market. Moreover, an increase in antibiotic resistance infections due to misuse or overuse of antibiotics is expected to shift the prescription patterns to novel therapies to treat bacterial infection.

 

The demand for antibiotics is significantly increasing owing to the increasing incidence of infectious diseases. The high prevalence of infectious diseases, such as lower respiratory infections, pneumonia, malaria, and tuberculosis, is also fueling the market growth. Increasing disease burden is compelling government and non-government bodies to invest in R&D initiatives and boost the development of novel antibiotics and supportive regulatory policies to expedite the approval process and research funding. For instance, BARDA in alliance with the government has extended its support to several companies to aid the development process of new therapies for infectious diseases.

 

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Key Player Mentioned:

 

·       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

Product Segment Analysis:

 

·        Cell Wall Synthesis Inhibitors

·        Protein Synthesis Inhibitors

·        DNA Synthesis Inhibitors

·        RNA Synthesis Inhibitors

The collaborations for the development of antibiotics are expected to lead to the development of a high number of antibiotic drugs in the foreseeable future. Pharmaceutical companies are collaborating for the development of new therapies to reduce the cost burden of the drug development process. For instance, in July 2019, Nosopharm announced the partnership with Evotec AG for the development of NOSO-502. It is a first-in-class novel antibiotic against Enterobacteriaceae infections. Furthermore, in April 2019, Forge Therapeutics, Inc. and Basilea Pharmaceutica Ltd. announced a research collaboration and license agreement to develop novel antibiotics.

Regional Segment Analysis:

 

North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.

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Small and medium-sized biotech manufacturers are largely involved in the development of novel therapies and these companies market the products that are specifically targeting bacterial resistance mechanisms, while others include companies holding clinical-stage assets that are expected to enter in the near term. 

 

The study objectives of this report are:

·        To research global status, future forecasts, growth opportunities, key markets and key players.

·        To present the market development in us, Europe and China.

·        To strategically profile the key players and comprehensively analyze their development plan and methods.

Key aspects covered in the report include:

1.The market size and industry growth rate of the global and regional market across various segments

2. The region or the sub-segment that is expected to drive the Antibiotics market in the forecast period 2021-2028

3. Key companies operating in the global Antibiotics market and their market share

4. The Factors that are estimated to drive the Antibiotics Market growth

5. Key opportunities in the Antibiotics market

6. Key technological advancements and market trends that shape the market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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