The North America region is the leading contributor to the global antibacterial drugs market and will grow by a significant rate during the forecast period, due to the high infections rate, high diagnosis and treatment rate.
Albany, NY -- (SBWIRE) -- 01/15/2018 -- Market Research Hub (MRH) has broadcasted a new study to its wide repository, which is titled as "Antibacterial Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025". This 189-pages study covers useful information and evaluations linked to the current and future market status prospects, along with a prime focus on major regions and key players operating within the antibacterial drugs market. Moreover, the report provides qualitative and quantitative analysis of the market, in which market dynamics, trends, product overview, and country-level market information are covered. Quantitative analysis includes market share held by companies, market size, and forecast for the global antibacterial drugs market in major countries globally.
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Antibacterial drugs are mainly used for the treatment of various types of bacterial infections in humans, animals and plants. In the present time, the global antibacterial drugs market is driven by the rapidly growing antibacterial resistance and demand for new broad spectrum agents. Analyst predicts that the global antibacterial drugs market to gain significantly from the increasing incidence of infectious diseases. The rising population of aged people, escalating number of bacterial strains, which are multidrug resistant, and the rising demand for effective yet affordable antibacterial drugs will give the market considerable boost over the forecast period.
Key Highlights from the Study
As per the study key findings, the global market is likely to exhibit a CAGR of 1.5% between 2017 and 2025. Rising at this pace, the market is expected to reach US$51,447.6 mn by the end of 2025, from US$45,325.0 mn in 2016.
The insightful report has been segmented into various categories which are drug class, route of administration, distribution channel and region for in-depth analysis. In terms of geography, the antibacterial drugs market has been segmented into five regions: North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2017 and 2025. Presently, the North America region is the leading contributor to the global antibacterial drugs market and will grow by a significant rate during the forecast period, due to the high infections rate, high diagnosis and treatment rate.
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The report further also adds that Europe will grow by much faster rate during the forecast period, owing to the continuous inventions of antibacterial drugs in Europe. On the basis of drug class, the study covers B – lactams, Sulfonamide, Macrolides, Quinolones, Phenicols, Tetracycline and Aminoglycoside. Of these, the B-lactam segment led the market in 2016. In terms of routes of administration, the global antibacterial drugs market has been segmented into enteral, parenteral and others. The enteral segment is expected to witness the largest market share in 2016 and is expected to grow by a remarkable rate in the comin years as well.
Further, the research has profiled some of the prime players functioning in the market, such as Bayer AG, Pfizer Inc., Sanofi, GlaxoSmithKline Plc. (GSK), Merck & Co., Inc., AstraZeneca, Johnson and Johnson, Bristol Myers Squibb Company, Novartis AG, and Allergen plc.
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