Sarasota, FL -- (SBWIRE) -- 04/26/2019 -- Global Antibiotics Market: Overview
Antibiotics are the antimicrobial substances that fight bacterial contaminations and sometimes protozoan toxicities. Furthermore, they are used for curing myriad ailments such as sore throat, infections pertaining to urinary tract, sinus, pneumonia, skin itching, ear infections, and others.
Global Antibiotics Market: Growth Factors
The global antibiotics market expansion is driven by massive intake of antibiotics in less developed nations, major funding for R&D activities by pharmaceutical firms, and increase in occurrence of contagious ailments. Nonetheless, resistance or immunity to antibiotic and time-consuming drug approval process as well as rise in its costs is projected to diminish the market expansion. On the other hand, invention of new drugs and introduction of new combined drug therapies for treating antibiotic-immune microbial ailments are expected to offer new growth avenues for the industry participants. The market is likely to gain traction over the years ahead, subject to coining of new approaches for treatment of bacterially-injected diseases. Furthermore, rise in the occurrence of contagious diseases such as HIV, malaria, pneumonia, and tuberculosis will further impel the scope of the business.
Substantial funding for R&D activities by biotech firms is projected to catapult the global antibiotics market trends. Furthermore, favorable government regulations such as the Generating Antibiotics Incentives Now Act will provide a boost to R&D activities, thereby generating lucrative growth avenues for industry participants.
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Global Antibiotics Market: Segmentation
The global antibiotics market can be classified based on drug class, distribution channel, and route of administration. Based on the drug class, the market is sectored into phenicols, aminoglycosides, sulfonamides, macrolides, beta-lactams, quinolones, tetracycline, and others. On the basis of route of administration, the antibiotics market can be classified into oral, sublingual, inhalation, topical, and intravenous. On the basis of distribution channel, the antibiotics market can be segmented into online pharmacies, hospital pharmacies, and retail pharmacies.
Global Antibiotics Market: Regional Analysis
Based on regions, the global antibiotics market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is likely to contribute notably towards the overall market share, subject to thriving healthcare sector in the region. Moreover, Asia Pacific is likely to dominate the global market and remain a preferred business destination for the industry participants, owing to massive intake of antibiotics, increase in its sales, and easy availability of these products in the region. In addition, large population base, high prevalence of infectious diseases, reforms in legislations, and greater usage of generic medicines will further impel the market growth across the region.
Latin America will contribute remarkably towards the antibiotics market size in the years ahead, subject to robust growth witnessed across the pharmaceuticals sector in the countries such as Brazil. The Middle East and Africa and the North America markets are anticipated to contribute notably towards the regional market growth in the years ahead.
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Global Antibiotics Market: Competitive Players
Some of key players in antibiotics market are Bayer AG, GlaxoSmithKline plc, Pfizer, Inc., Janssen Pharmaceuticals, Eli Lilly and Company, Abbott Laboratories, Sanofi S.A., Novartis AG, Bristol Myers Squibb Company, and Astellas Pharma, Inc.
Global Antibiotics Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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