Technological advancements in pharmaceutical sector are driving the growth of the Saudi Arabia Antibiotics Market, in the forecast period, 2023-2027F.
According to TechSci Research report on, “Saudi Arabia Antibiotics Market - By Region, Competition Forecast & Opportunities, 2027”, Saudi Arabia antibiotics market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of increasing investment in the pharmaceutical industry. Rapidly growing pharmaceutical industry in the country and the consistently increasing healthcare funding and expansion of the healthcare infrastructure are actively driving the growth of the Saudi Arabia antibiotics market in the upcoming five years.
The government of the Saudi Arabia is investing their resources along with the finances to promote pharmaceutical sector of the industry. Increasing conjugations with the global players that have established research institutes and drug development units that have further aided the growth of the Saudi Arabia antibiotics market in the next five years.
Increasing research and technological advancement to develop the innovative antibiotics to overcome increasing cases of infectious diseases also play a vital role in driving the market growth. Increasing instances of bacterial and protozoan infections like skin infection, urinary tract infection, respiratory and lung infections, gastrointestinal infection along with other infections, are responsible for the esteemed growth of the Saudi Arabia antibiotic market in the future five years.
Surge in the demand for the effective treatment for the infectious diseases and rising concerns among the population regarding advanced medicines for the quick recovery and complete relief is further substantiating the growth of the Saudi Arabia antibiotics market in the forecast years. Although, approvals from the authorities are stringent and follow strict protocols, rapid authentication of the drugs and effective clinical trials for the same are anticipated to further support the growth of the Saudi Arabia antibiotics market in the forecast period, through 2027.
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The Saudi Arabia antibiotics market is segmented by drug class, spectrum, source, route of administration, distribution channel, competitional landscape, and regional distribution. Based on drug class, the market is bifurcated into Cephalosporin, Penicillin, Amoxicillin, Azithromycin, Clindamycin, Tetracycline, and others.
Penicillin is anticipated to hold the largest revenue shares of the market and dominate the market in the upcoming five years on account of increasing instances of bacterial functions and the advantages of Penicillin over bacterial infections. Also, it is the most common drug prescribed to overcome bacterial infections in various countries including Saudi Arabia thus aids the growth of the market too.
Azithromycin is antibacterial drug that is actively prescribed for middle ear infections, strep throat, pneumonia, Traveler's diarrhea, and certain other intestinal infections. The drug is also used in combination with other drugs to combat malarial infection.
By spectrum, the market is differentiated between broad spectrum antibiotics and narrow spectrum antibiotics. Broad spectrum antibiotics are anticipated to dominate the segment due to their ability to affect wider range of bacterial infection. Narrow spectrum antibiotics are specific antibiotics that target only certain classes of bacteria.
Based on source, the market is bifurcated into natural, semisynthetic, and synthetic. Natural antibiotics are anticipated to hold the largest revenue shares of the market in the upcoming five years on the grounds of increasing demand for the side-effect’s free drugs. Synthetic drugs are expected to register significant growth due to growing pharmaceutical industry.
Increasing research and technological development is also responsible for the growth of the Saudi Arabia antibodies market in the forecast years. Market is divided between oral and intravenous on the basis of route of administration. Oral administration of the drugs is expected to dominate the market segment and register largest revenue shares of the market in the upcoming five years on the account of the feasibility of the method.
The oral administration is rather simpler and usually do not require assistance from another individual or care takers. Timely delivery of the drugs can easily be monitored and thus aiding the growth of the sub segment along with growth of the Saudi Arabia antibiotics market in the next five years.
A partial list of major market players of the Saudi Arabia antibiotics market includes:
· Novartis Saudi Arabia
· Pfizer Saudi Limited
· Glenmark Pharmaceuticals Saudi Arabia
· GlaxoSmithKline Saudi Arabia Limited
· AstraZeneca Saudi Arabia
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“Retail pharmacy is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to increasing demand for the antibiotics. The population well aware of the bacterial infection, and rapidly increasing private practitioners of medicine in the country is further aiding the growth of the retail pharmacies that provide drugs and medicines on prescription thus aiding the growth of the Saudi Arabia antibiotics market in the upcoming five years. Also, hospital pharmacies are expected to hold significant shares of the market and grow substantially due to increasing patient count in the hospital. Patients admitted in the hospitals for a longer duration, tend to purchase the pharmaceuticals from the hospital pharmacies, itself,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Antibiotics Market By Drug Class (Cephalosporin, Penicillin, Amoxicillin, Azithromycin, Clindamycin, Tetracycline, Others), By Spectrum (Broad Spectrum Antibiotics v/s Narrow Spectrum Antibiotics), By Source (Natural, Semisynthetic, Synthetic), By Route of Administration (Oral v/s Intravenous), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Saudi Arabia antibiotics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia antibiotics market.
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