NEW YORK, May 14, 2021 /PRNewswire/ -- The global antibiotics market by product (broad-spectrum antibiotics and narrow-spectrum antibiotics), drug origin (natural, semisynthetic, and synthetic), action mechanism (bacteriostatic and bactericidal), application (antibiotics for human use and antibiotics for veterinary use), and geography (Asia, North America, Europe, and ROW) has been added to Technavio's offering. The global antibiotics market is expected to grow by USD 13.72 billion, at a CAGR of over 5% during 2021-2025.
The imposition of lockdowns due to the spread of COVID-19 forced many manufacturing units to halt their operations temporarily. However, pharmaceutical manufacturers, including antibiotics manufacturers were allowed to operate with limited capacity under the safety guidelines laid down by the governments. This impacted the market growth to a certain extent in 2020. But the market is expected to recover and register healthy growth over the forecast period due to the rising prevalence of infectious diseases.
The market is expected to be driven by factors such as the rising prevalence of infectious diseases, growing awareness of various diseases and their treatments, and special regulatory designations.
Antibiotics Market: Opportunities The misuse or overuse of antibiotics by people is leading to the emergence of microorganisms with new resistant strains that are difficult to treat using antibiotics. This is creating the need for the development of new antibiotic drugs. Besides, the market has been witnessing strong growth in the geriatric population across the world. For instance, in 2018, 18% of the total population accounted for people aged 65 and above in the UK and 21% of the total population in Germany was aged 65 and above. Many such factors are creating significant growth opportunities for antibiotic manufacturers.
Antibiotics Market: Segmentation by Type Based on the segmentation by type, the market generated maximum revenue in the broad-spectrum antibiotics segment in 2020. The segment is driven by the effectiveness of broad-spectrum antibiotics against a wide range of microorganisms, including Gram-positive and Gram-negative agents. Also, the rising prevalence of bacterial infections in the sub-economical parts of the underdeveloped and developing regions is contributing to the growth of the segment.
Antibiotics Market: Segmentation by Geography Asia held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in Asia can be attributed to the increasing demand for improved healthcare infrastructure. In addition, an increase in the aging population is expected to contribute to the growth of the antibiotics market in Asia during the forecast period.
One of the fortune 500 companies had used the detailed research report on the antibiotics market and had decided to increase their market share in the Asia region which offers the highest market opportunities during the forecast period.
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Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Broad-spectrum antibiotics - Market size and forecast 2020-2025
Narrow-spectrum antibiotics - Market size and forecast 2020-2025
Market opportunity by Product
Asia - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
ROW - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
F. Hoffmann-La Roche Ltd.
Johnson & Johnson
Mayne Pharma Group Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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