Antibiotic Market – Global Industry Analysis and Forecast (2023-2029)

The Antibiotic Market was worth US$ 44.44 Bn. in 2022 and total revenue is expected to grow at a rate of 4.5% CAGR from 2023 to 2029, the Antibiotic Market is reaching almost US$ 60.48 Bn. in 2029.
Antibiotic Market Overview:
The market of antibiotics is being driven by the increased occurrence of infectious diseases and supportive government laws. An increase in antibiotic resistance infections as a result of antibiotic abuse or overuse is likely to change prescription trends toward innovative antibacterial therapy. Antibiotic-resistant diseases affect more than 2.8 million people in the United States, according to the CDC. In developed countries, infections such as Enterobacteriaceae, Pseudomonas aeruginosa, and K. pneumonia have a high resistance rate of 40 % on average.To know about the Research Methodology :- Request Free Sample Report
Antibiotic Market Dynamics:
Over the forecast period, the market is expected to be driven by pharmaceutical firms' increased efforts to discover novel medicines to treat infectious disorders. According to the Pew Charitable Trust, roughly 41 promising compounds for the treatment of serious bacterial infections were being researched in December 2021. 17 of the 41 investigational medications are in the third phase of clinical trials or have filed a New Drug Application (NDA) for approval, and are projected to be commercialized within the projection period. Four new antibiotic medications were approved by the US Food and Drug Administration in the second half of 2021.

With the rising prevalence of infectious diseases, the need for antibiotics is skyrocketing. Infectious disorders such as lower respiratory infections, pneumonia, malaria, and tuberculosis are also supporting market expansion. The rising disease burden is pressuring the government and non-government organizations to invest in R&D activities and accelerate the development of novel antibiotics as well as supportive regulatory policies to speed up the approval process and research financing. For example, BARDA, in collaboration with the government, has provided support to several firms in the development of new infectious disease medicines.

Collaborations for antibiotic development are likely to result in the creation of a large number of antibiotic medications shortly. Pharmaceutical companies are working on the development of new therapeutics to lower the cost of drug development. For example, in July 2021, Nosopharm announced a collaboration with Evotec AG to develop NOSO-502. It's a first-in-class new antibiotic for infections caused by Enterobacteriaceae. Additionally, Forge Therapeutics, Inc. and Basilea Pharmaceutical Ltd. signed research cooperation and license agreement to develop new antibiotics in April 2021.
Antibiotic Market Segment Analysis:
Based on Drug class, the market is sub-segmented into Cephalosporin, Penicillins, Fluoroquinolones, Macrolides, and others. Penicillin had the largest market share of 23.9 % in 2022, and it is expected to continue to do so during the forecast period due to the highest number of prescriptions and the largest number of generic manufacturers. Infections such as pharyngitis, skin infections, bronchitis, gonorrhea, and ear infections are treated with these medications initially. After Penicillin, Cephalosporin became the second-largest medication class segment, and it is predicted to increase at a high rate throughout the forecast period.

Based on the Action mechanism, the market is sub-segmented into Mycolic Acid Inhibitors, RNA Synthesis Inhibitors, DNA Synthesis Inhibitors, Protein Synthesis Inhibitors, and Cell wall Synthesis Inhibitors. With a market share of 52.1 % in 2022, cell wall synthesis inhibitors are expected to maintain their dominance throughout the forecast period. The segment is driven by high consumption based on prescription patterns and strong government investment.

Antibiotics that impede cell wall synthesis are the most extensively utilized because they have a broad spectrum of activity against both gram-positive and gram-negative bacteria. Due to an increase in research activity and government support, cell wall synthesis inhibitors are predicted to develop significantly throughout the projection period. Due to an increase in the number of product launches and R&D initiatives, the RNA synthesis inhibitors segment is expected to develop significantly over the forecast period. For example, Cosmo Pharmaceuticals N.V. launched Aemcolo as extended-release tablets for the treatment of Travelers' Diarrhea in the United States in November 2022. The FDA also granted the product Fast Track designations, Qualified Infectious Disease Product (QIDP) designation, and marketing exclusivity until 2028.
Antibiotic Market Regional Insights:
In 2021, Asia Pacific had the highest market share of 45.2 %, and it is predicted to increase at a substantial rate over the forecast period. This is due to an increase in the use of antibiotics, an increase in the prevalence of infectious diseases, and a rise in government initiatives to research novel treatments for drug-resistant infections. Furthermore, the presence of generic players contributes to the regional market's growth. Antibiotics' largest markets in the region are India and China. The primary elements driving market expansion in these countries are unregulated sales and excessive antibiotic consumption.

In 2022, North America overtook Europe as the second-largest regional market for antibiotics. In 2022, North America and Europe had a combined market share of more than 48.0 percent. These marketplaces are heavily regulated, and the healthcare infrastructure is well-developed. The rising prevalence of infectious diseases and the government's increasing healthcare spending are two significant reasons driving the North American industry. Antibiotic stewardship initiatives and boosting R&D activities of novel medicines to control infectious illnesses are among the actions taken by the US government.

The objective of the report is to present a comprehensive analysis of the global Antibiotic market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Antibiotic market dynamics, structure by analyzing the market segments and projecting the global Antibiotic market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Antibiotic market make the report investor’s guide.
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Antibiotic Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 44.44 Bn.


Forecast Period 2023 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 60.48 Bn.


 Segments Covered:
by Drug Class
Cephalosporin
Penicillin
Fluroquinilones
Macrolides
Others


by Spectrum
Broad-spectrum antibiotics
Narrow spectrum antibiotics


by Action mechanism
Mycolic Acid Inhibitors
RNA Synthesis Inhibitors
DNA Synthesis Inhibitor
Protein Synthesis Inhibitors
Cell-wall Synthesis Inhibitors


by Distribution channel
Hospital Pharmacies
Online pharmacies
Retail pharmacies



Antibiotic Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Antibiotic Market, Key Players:
1. Merck & Co., Inc.
2. Allergan plc (AbbVie)
3. GlaxoSmithKline plc.
4. Pfizer Inc.
5. Melinta Therapeutics
6. Basilea Pharmaceutica Ltd.
7. Tetraphase Pharmaceuticals
8. Paratek Pharmaceuticals, Inc.
9. Nabriva Therapeutics plc
10.Spero Therapeutics
11.Abbott Laboratories
12.F.Hoffmann-La Roche Ltd.
13.Mylan N.V.
14.Novartis International AG (Sandoz)
15.Sanofi
16.Teva Pharmaceutical Industries Ltd.
Frequently Asked Questions:
1) What was the market size of Global Antibiotic Market markets in 2022?
Ans - Global Global Antibiotic Market was worth US$ 44.44 Bn in 2022.

2) What is the market segment of the Antibiotic Market?
Ans -The market segments are based on Mobility, Interface, Mode, and End-use.

3) What is the forecast period considered for Global Antibiotic Market?
Ans -The forecast period for Global Antibiotic Market is 2023 to 2029.

4) What is the market size of Global Antibiotic Market markets in 2029?
Ans – Global Antibiotic Market is estimated as worth US$ 60.48 Bn in 2029.

5) Which region is dominated in Global Antibiotic Market?
Ans -In 2022, the North American region dominated the Global Antibiotic Market.