Global Antibiotics Market (2021-2026) by Product Type, Spectrum, Action Mechanism, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Antibiotics Market (2021-2026) by Product Type, Spectrum, Action Mechanism, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Antibiotics Market is estimated to be USD 39.2 Bn in 2021 and is expected to reach USD 56.15 Bn by 2026, growing at a CAGR of 7.45 %.

Market Dynamics

The increased incidence of infectious illnesses such as lower respiratory infections, pneumonia, malaria, and TB, among others, are some significant factors driving the growth of the global antibiotics market. Furthermore, the growing illness burden of different infections is pressuring the government and non-government organizations to engage in R&D projects, accelerate the discovery of new antibiotics, and support regulatory policies to speed up the approval process. Research financing is driving market growth. For instance, BARDA has partnered with the government to provide funding to several firms to develop novel infectious disease treatments. In addition, advancements in antibiotics medicines and innovation and collaboration of the key players are expected to create new opportunities for the global antibiotic market.
However, the factors such as antibiotic overuse and side effects like bad rash, sore throat, respiratory problems, nausea, vomiting, etc, as well as the time it takes for regulatory clearance, are limiting the market growth. Furthermore, lack of public knowledge regarding the use of antibiotics is the factor that may create challenges for the growth of the global antibiotic market.

Market Segmentation

The Global Antibiotics Market is segmented further based on Product Type, Spectrum, Action Mechanism, and Geography.
By Product Type, the market is classified as Cephalosporins, Penicillins, Fluoroquinolones, Macrolides, Carbapenems, Aminoglycosides, Sulfonamides, and others. Amongst all, the penicillins segment is estimated to hold the highest market share during the forecast period.
By Spectrum, the market is classified as broad-spectrum antibiotics and narrow-spectrum antibiotics. Amongst the two, the broad-spectrum antibiotics segment is estimated to hold the highest market share during the forecast period.
By Action Mechanism, the market is classified as DNA synthesis inhibitors, protein synthesis inhibitors, cell wall synthesis inhibitors, mycolic acid inhibitors, RNA synthesis inhibitors, and others. Amongst all, the protein synthesis inhibitors segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.

Recent Developments

1. Melinta Therapeutics Announces FDA Approval of KIMYRSA (oritavancin). – 15th March 2021
2. Amneal Pharmaceuticals, Inc has completed its previously announced acquisition of a 98% interest in Kashiv specialty pharmaceuticals. – 5th April 2021

Company Profiles

Some of the companies covered in this report are Abbott Laboratories, Akron Incorporated, Amneal Pharmaceuticals LLC, Astellas Pharma, Inc, Bausch Health Companies, Inc, Bayer AG, etc.

IGR Competitive Quadrant


The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Antibiotics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.

Report Highlights:


A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market