Ultra Market Research | Antibiotics Market
Global Antibiotics Market Analysis and Trends

Antibiotics Market

  • Report ID : 589

  • Category : Pharmaceuticals

  • No Of Pages : 140

  • Published on: July 2024

  • Status: Published

  • Format : Power Point PDF Excel Word

Key Question Answer

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Global Market Outlook

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In-depth analysis of global and regional trends

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Analyze and identify the major players in the market, their market share, key developments, etc.

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To understand the capability of the major players based on products offered, financials, and strategies.

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Identify disrupting products, companies, and trends.

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To identify opportunities in the market.

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Analyze the regional penetration of players, products, and services in the market.

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Comparison of major players financial performance.

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Evaluate strategies adopted by major players.

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Recommendations

Antibiotics Market


Antibiotics are predicted to reach a global market valuation of US$ XX billion by 2033, with a compound annual growth rate (CAGR) of XX% from 2024 to 2033. The market for antibiotics is expanding rapidly due to a number of variables, such as the variety of antibiotics that are available and how effective they are against particular bacterial or parasite illnesses. Antibiotics are classified according to how they work, which makes it possible to treat certain infections like meningitis or pneumonia, where they can be life-saving. Antibiotic demand is also supported by the necessity of treating urinary tract infections, which, if ignored, can lead to renal issues. Antibiotic prescriptions for ailments such as acne contribute to market growth, and the availability of oral or topical forms of administration increases accessibility and propels market penetration. The market for antibiotics is driven by the combination of consumer demand and medical necessity, which encourages innovation and growth prospects for this crucial area of healthcare.


Market Overview
Market for antibiotics is expanding quickly due to the rising need for medications that treat bacterial infections in veterinary and human healthcare settings. These drugs work by either eliminating germs or preventing them from growing; they are intended to treat particular bacterial illnesses like strep throat, UTIs, and E. Coli. Antibiotics are generally prescribed for severe bacterial infections. They come in a variety of forms to meet the needs of different patients, such as liquids, pills, capsules, injections, creams, and lotions. Using antibiotics wisely is essential to reducing antibiotic resistance, a developing issue where bacteria become resistant to certain medications over time, reducing their efficacy. 
 


Key Insights

•    By drug class, penicillin hit highest market share.
•    By action mechanism, cell wall synthesis inhibitors segment has garnered revenue share.
•    Asia Pacific accounted highest market share.
•    North America and Europe region held largest market share.


Regional Stance
Geographically speaking, North America is the leading region in the global antibiotics market, mostly because of its sophisticated healthcare system and the backing of national policies. With almost 6,120 hospitals in the US alone, the area is fortunate to have a strong healthcare infrastructure made possible by groups like the American Hospital Association, which promotes the country's hospitals and healthcare systems. The United States healthcare system includes a heterogeneous mix of public and private organisations, including insurers and healthcare providers who are for-profit and nonprofit. Government funding is essential, especially for programs like Medicare for the elderly and people with disabilities, as well as for programs that serve veterans and low-income groups like Medicaid and the Children's Health Insurance Program. Moreover, localised coverage and safety net protections are made possible by state-level funding and management, highlighting the complex relationship between the public and commercial sectors that has shaped North America's healthcare system and, in turn, its leadership in the global antibiotics market.
•    In May 2024, Dr. Reddy’s Laboratories launched broad-spectrum antibiotics in the United States. 
Europe is the second-largest region in the antibiotics market, mostly due to its sizable elderly population. Europe's large senior population makes a strong healthcare system necessary for all of its countries. A system of strictly regulated private health insurance companies operating in the market, frequently augmented by government subsidies to guarantee coverage for all residents, characterises the operations of several European nations. The European Health Insurance Card, which is accepted in the majority of EU member states, enables persons to travel within member states with reciprocal emergency medical treatment insurance, enhancing regional healthcare accessibility and mobility. These elements highlight Europe's importance as a major antibiotic market, driven by a confluence of favourable healthcare policies and population dynamics.
•    In July 2023, the NHS initiated plans to expand pioneering subscription-style drug contracts to develop lifesaving antibiotics of the future. 
 

Report Highlights     
By Drug Class
Because of its widespread availability and high sales, the penicillin medicine class has experienced spectacular growth in the antibiotic market, currently holding the greatest share. The antibiotic class known as penicillins is derived from the Penicillium fungi and is well-known for its effectiveness against bacterial infections. Among the most well-known members of this class is Penicillin V, which is used to treat a wide range of bacterial infections, such as skin, ear, and throat infections, in addition to preventing rheumatic fever. The penicillin-type medications' strong performance highlights their importance in the antibiotics market, as it reflects their therapeutic efficacy and broad use in a variety of healthcare sectors.
Source: https://www.drugs.com/penicillin.html#:~:text=Penicillins%20are%20a%20group%20of,infections%20and%20preventing%20rheumatic%20fever.
Apart from penicillins, the market for antibiotics include various other crucial medication families such as aminoglycosides, tetracyclines, cephalosporins, macrolides, sulfonamides, and fluoroquinolones. These varied groups of antibiotics offer more therapeutic alternatives for a wider range of bacterial illnesses, hence greatly expanding the spectrum of clinical treatment. Their unique modes of action quicken the removal of microorganisms and enhance the control of antibiotic resistance, especially when paired with β-lactam antibiotics and their synergistic effects. Through constant innovation, with an emphasis on improving treatment effectiveness and preventing antibiotic resistance.

By Application
Antibiotics market is divided into a number of application-specific groups, such as skin infections, respiratory infections, gastrointestinal infections, ear infections, septicaemia, and urinary tract infections. Among these, respiratory illnesses have grown at the fastest rate due to the large number of patients that fall into this category. In family physician offices, upper respiratory tract infections (URIs) are especially common and often treated. In the United States alone, URIs account for around 25 million visits yearly, and associated absences from work or school total 20 to 22 million days annually. Due to the viral nature of most of these illnesses, a sizable percentage are treated with antibiotics. This is demonstrated by a study that found that 65 percent of over 52,000 URI cases in an outpatient ambulatory network had an antibiotic prescription written for them. 
Due to a sizable population suffering from these ailments, the skin infection market has grown significantly in terms of applications. Topical antibiotics are essential for treating superficial pyodermas such as impetigo and for preventing infections resulting from small burns, abrasions, cuts, and surgical wounds. The increasing prevalence of skin infections emphasises the need for topical antibiotics that work, providing a window of opportunity for market growth in this application area.


By Route of Administration
Because of increased demand, the parenteral method of administration gains the highest share in the antibiotics market and is the fastest-growing sector. A large share of this market is made up of intravenous (IV) antibiotics, which are especially useful for serious infections that do not respond to oral treatment. Because they are safe, effective, and simple to use—especially in outpatient parenteral antibiotic treatment (OPAT) settings—intravenous antibiotics have become very popular. Home-care IV nurses provide patients who choose to receive IV antibiotics at home with complete support, which includes start-of-care visits, weekly education sessions, IV line maintenance, lab draws, and continuing help. IV antibiotics enable healthcare professionals the flexibility to deliver the best treatment regimens catered to the specific needs of each patient by offering a variety of administration modalities, such as IV push, intermittent infusion, and continuous infusion. Parenteral administration is being emphasised since there is a growing desire for effective and efficient ways to provide antibiotics, which is fuelling expansion in this market sector.

By Distribution Channel
Because so many patients choose hospital-based treatment for infections over alternative healthcare settings, the hospital industry is by far the largest in the world of distribution channels. Hospitals are important centres for the delivery of antibiotics because they can accommodate a broad range of patient needs. Many hospitalised patients benefit greatly from the use of antibiotics; yet, improper prescribing methods can increase the risk of antibiotic-resistant illnesses and Clostridium difficile infection (CDI). Data on the prevalence of inappropriate antibiotic prescription in hospital settings and the possible advantages of better prescribing procedures for patient outcomes are thus desperately needed. 
Increasing trend of patients conducting their own web research is the reason behind the rise in the use of over-the-counter (OTC) drugs. This has increased the need for over-the-counter topical antibiotics, especially for topical applications on the skin meant to stop infections from small cuts, burns, and scrapes. Examples of noteworthy formulations are bacitracin/polymyxin/pramoxine (e.g., Neosporin Plus), bacitracin/polymyxin (e.g., Polysporin and generics), and bacitracin/polymyxin B (e.g., Neosporin and generics). The latter formulation contains pramoxine for minor numbing effects. The trend towards independent internet research has become a prominent means of distributing over-the-counter (OTC) pharmaceuticals, highlighting the significance of easily available data and customer empowerment in propelling the expansion of this product category.

Market Dynamics
Driver
Economic Growth and Antibiotic Consumption
Consistent growth in GDP, which is especially noticeable in many emerging nations, is the primary cause of the notable increase in antibiotic use worldwide. Economic growth has significantly improved the standard of living for people living in low- and middle-income countries (LMICs), and it has a positive correlation with higher rates of antibiotic use. The use of antibiotics left over from prior prescriptions as well as increased accessibility and affordability of antibiotics without a prescription are major factors driving this trend. The overuse of antibiotics is also exacerbated by other issues, such as insufficient training during early clinical practice, illogical prescriptions driven by pharmaceutical companies, and inadequate diagnostic techniques. These factors work together to promote the antibiotics market's expansion, illustrating the intricate interactions that exist between worldwide patterns of pharmaceutical consumption, healthcare practices, and economic development.
•    In January 2023, the AMR Action Fund, the world's largest public-private partnership for investments in biotechnology companies, aimed to facilitate the market launch of two to four antimicrobials by 2030. The fund placed its faith in BioVersys and participated in a significantly oversubscribed Series C financing round carried out by the Basel-based firm. 
 

Restraints
Challenges in Discovering and Developing New Antibiotics

Identifying and creating new antibiotics presents big problems for the pharmaceutical sector. Extensive and costly research and development phases combined with the rigorous scientific method can lead to high failure rates. A new antibiotic usually takes 10 to 15 years to reach the market and costs more than $1 billion in capital. Pharmaceutical firms find it difficult to turn a profit or recover their costs despite significant investments because there are few market opportunities. Furthermore, novel antibiotics must only be used sparingly in order to prevent resistance development because they are only used as a "last resort" against harmful bacteria. As a result, antibiotics typically fetch lower pricing when compared to more profitable therapies, which further restrains market expansion. Together, these elements highlight the significant obstacles impeding the growth of the antibiotics industry and highlight the necessity of creative approaches to combat antimicrobial resistance while guaranteeing long-term funding for antibiotic research and development.
 

Opportunities
Academic Research for Antibiotic Innovation
In order to treat infectious diseases caused by resistant bacteria, new antibiotics are being discovered and developed using creative ways led by academic research, especially within academic institutions. Recognising the diversity of microbes on a worldwide scale as a rich source of possible anti-infectives with unrealised chemical potential that has to be explored is a crucial component of these efforts. Thanks to developments in high-throughput sequencing methods, sequencing individual cell genomes, whether taken from skin swabs or soil samples, is now both efficient and reasonably priced. As a result, scientists all over the world are in the lead in creating innovative heterologous host strains that overexpress unique biosynthetic gene clusters (BGCs), greatly increasing the possibility of finding novel natural compounds having antibiotic qualities. This coordinated effort offers a great chance to stimulate the antibiotics market and encourage the development of novel therapies to fight antibiotic-resistant infections and tackle important global healthcare issues.
Source: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9827545/
•    In March 2024, Pfizer received a positive CHMP opinion for its novel antibiotic combination for treating patients with multidrug-resistant infections and limited treatment options. 
 


Recent Developments

•    In January 2024, Novo Nordisk Foundation collaborated with CARB-X to combat drug-resistant infections. Source: 
•    In October 2023, Venatorx Pharmaceuticals was awarded a third antibiotic BARDA contract.
•    In June 2023, Sysmex launched the world's first point-of-care testing system in Europe to detect antimicrobial susceptibility in just 30 minutes. 

Key Players in the Antibiotics Market
Abbott Laboratories (US)
Pfizer Inc. (US)
Johnson & Johnson Services
GlaxoSmithKline PLC (UK)
Sanofi (France)
Bristol-Myers Squibb Company (US)
Eli Lilly and Company (US)
Novartis AG (Switzerland)
Bayer AG (Germany)
Astellas Pharma Inc. (Japan)


Market Segmentation
By Drug Class
Cephalosporin
Penicillin
Fluoroquinolone
Macrolide
Carbapenem
Aminoglycoside
Sulfonamide
7-ACA
Others

By Application
Skin infections
Urinary tract infection
Ear infection
Septicemia
Respiratory infections
Gastrointestinal infections

By Action Mechanism
Cell Wall Synthesis Inhibitors
Protein Synthesis Inhibitors
DNA Synthesis Inhibitors
RNA Synthesis Inhibitors
Mycolic Acid Inhibitors
Others

By Drug Origin
Natural
Synthetic
By Spectrum Of Activity
Broad-spectrum Antibiotic
Narrow-spectrum Antibiotic

By Route of Administration
Oral
 Parenteral

 By Distribution Channel
Retail pharmacies
Online pharmacies
Hospitals
Clinics



By Geography
North America
U.S.
Canada
Europe
Germany
France
United Kingdom
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC
North Africa
South Africa
Rest of Middle East & Africa

 

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