Antibiotics are widely used as medicine to treat bacterial infections and work by either killing or inhibiting the growth of bacteria. The rising prevalence of infectious diseases across the globe has boosted the demand for effective antibiotics. Growing cases of pneumonia, tuberculosis and urinary tract infections are some of the major factors fueling the antibiotics market growth.
The global antibiotics market is estimated to be valued at US$ 61981.35 bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the antibiotics market growth is the rising prevalence of infectious diseases. Infectious diseases remain one of the leading causes of mortality and morbidity across both developed and developing nations. According to the World Health Organization, infectious diseases account for approximately 17 million deaths globally every year. Factors such as increasing pollution levels, rising population, growing immigration and continuous mutation of pathogens have contributed to the surge in infectious diseases. The prevalence of infectious ailments like pneumonia, sepsis, tuberculosis and HIV/AIDS is particularly high in emerging economies like India, China and nations in Africa. The increasing incidence of microbial infections has bolstered the demand for effective antibiotics for treatment, thereby fuelling market growth over the forecast period.
Segment Analysis
The global antibiotics market is dominated by the cephalosporin segment which holds around 35% share of the overall market. Cephalosporins are a class of antibiotics that are used as a treatment option for a wide variety of bacterial infections. This segment is dominating due to their broader antibacterial spectrum and fewer side effects compared to other drug classes. The penicillin segment holds the second largest share and is expected to witness significant growth during the forecast period due to increasing demand for affordable antibiotics.
Key Takeaways
The Global Antibiotics Market Size is expected to witness high growth.
Regional analysis shows North America holds the largest share of around 35% of the overall antibiotics market. This can be attributed to increasing prevalence of bacterial infections and strong presence of key players in the region. Europe is the second largest regional market and is expected to grow at a CAGR of 11% during 2024-2031 driven by rising R&D investments for antibiotics development.
The key players operating in the antibiotics market are Odoo, Salesforce, HubSpot, Pipedrive, Insightly, VTiger, Zoho, Base, Apptivo, Nutshell, Really Simple Systems, Teamgate, Bitrix24, Creatio, vTiger, SugarCRM, Zurmo, FatFree CRM, EspoCRM. Key players like Salesforce and HubSpot are focusing on expanding their product portfolios for antibiotics manufacturers through strategic collaborations.
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