Global Antibiotics Market

Antibiotics Market Size, Share, Growth Analysis, By Drug Class(Cephalosporin, Penicillin, Fluoroquinolone, Macrolides), By Action Mechanism(Cell Wall Synthesis Inhibitors, Protein Synthesis Inhibitors, DNA Synthesis Inhibitors, RNA Synthesis Inhibitors), By Type(Branded Antibiotics, Generic Antibiotics), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35B2164 | Region: Global | Published Date: September, 2024
Pages: 165 | Tables: 72 | Figures: 75

Antibiotics Market Dynamics

Antibiotics Market Driver

Rising Incidence of Infectious Diseases 

  • Increasing incidence of infectious diseases across the globe is one of the major drivers of the antibiotics market. Respiratory infections, TB, urinary tract infections, sexually transmitted diseases infections (STDs) are some of the major antibiotic-treated diseases increased in addition to multidrug resistant. With the emergence of strains, health care providers are seeking new, more potent antibiotics to overcome these challenges. 

Advances in Antibiotic Development 

  • Technological advances in drug discovery and microbiological research have led to the development of new antibiotics. Industries are seeking new antibiotics and supplying existing ones have been effective in combating resistance and extending the efficacy of treatments. Precision therapies that support the development of antibodies targeted to specific pathogens are gaining momentum. This growth is driven by increasing investments by pharmaceutical companies and government policies aimed at developing resistant antibiotics. These innovations have the potential to market significant growth in the coming years. 

Restraints 

Growing Problem of Antibiotic Resistance  

  • One of the biggest challenges the antibiotics market faces is the growing problem of antibiotic resistance. Overuse and misuse of antibiotics in both humans and livestock have contributed to bacteria becoming resistant to many existing drugs. The World Health Organization (WHO) has classified antimicrobial resistance as one of the top public health threats. As more bacteria become resistant, fewer antibiotics remain effective, making the development of new ones an urgent but difficult task. This resistance limits the use of certain antibiotics, slowing down the overall market expansion and creating a need for significant investment in research. 

Stringent Regulations Navigating FDA and EMA Guidelines for Antibiotic Approval 

  • Developing new antibiotics is not only costly but also involves lengthy regulatory processes. Regulatory bodies like the Food and Drug Administration (FDA) and European Medicines Agency (EMA) have stringent guidelines to ensure the safety and efficacy of antibiotics before they are approved for public use. Meeting these regulatory requirements adds to the time and cost of bringing new antibiotics to market. 
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FAQs

Global Antibiotics Market size was valued at USD 50.60 billion in 2022 and is poised to grow from USD 52.67 billion in 2023 to USD 72.65 billion by 2031, growing at a CAGR of 4.10% during the forecast period (2024-2031).

The antibiotics market is a highly competitive and growing environment, with numerous global and regional manufacturers to research, manufacture and sell antibiotics. The key players in the market are large pharmaceutical and small biotech companies focused on meeting the growing demand for effective antibiotics. The competitive landscape is determined by factors such as product innovation, mergers and acquisitions, partnerships and government policies aimed at promoting antibiotic research. 'Pfizer Inc. (US) ', 'GlaxoSmithKline plc. (GSK) (UK) ', 'Sanofi S.A. (France) ', 'Merck & Co., Inc. (US) ', 'Novartis AG (Switzerland) ', 'Johnson & Johnson (US) ', 'F. Hoffmann-La Roche AG (Switzerland) ', 'AstraZeneca PLC (UK) ', 'Bayer AG (Germany) ', 'Abbott Laboratories (US) ', 'Eli Lilly and Company (US) ', 'Bristol-Myers Squibb Company (US) ', 'Teva Pharmaceutical Industries Ltd. (Israel) ', 'Astellas Pharma Inc. (Japan) ', 'Cipla Ltd (India) ', 'AbbVie, Inc. (US) ', 'Lupin Pharmaceuticals, Inc. (US) ', 'Viatris, Inc. (US) ', 'Melinta Therapeutics LLC (US) ', 'Cipla, Inc. (US) ', 'Shionogi & Co., Ltd. (Japan) ', 'KYORIN Pharmaceutical Co., Ltd. (Japan) ', 'Nabriva Therapeutics PLC (Ireland)'

Increasing incidence of infectious diseases across the globe is one of the major drivers of the antibiotics market. Respiratory infections, TB, urinary tract infections, sexually transmitted diseases infections (STDs) are some of the major antibiotic-treated diseases increased in addition to multidrug resistant. With the emergence of strains, health care providers are seeking new, more potent antibiotics to overcome these challenges. 

Increased Focus on Narrow-spectrum Antibiotics: A growing trend in the antibiotics market is the shift from broad-spectrum antibodies to narrow-spectrum drugs broad-spectrum antibiotics affect a wide range of bacteria and can cause side effects and lead to resistance. However, narrow-spectrum antibiotics target specific bacterial species, reduce the risk of the resistance, and maintain the balance of healthy bacteria in the body. 

Asia Pacific dominated the market and accounted for 43.8% of the revenue in the region owing to rise in infectious diseases, rise in dispensing of non-prescription drugs, presence of well-established hospitals & clinics. According to a University of Oslo article published in May 2023, the main suppliers of antibiotics are India and China. Antibiotics and antimicrobial products from both countries are of great importance to the world. China is the world’s leading producer and manufacturer of antibiotics. Similarly, according to a BBC news article published in September 2023, national data shows that out of 29.1% of the 125 million people aged 65 or over, Japan has the lowest fertility rate in the world. Older people are more susceptible to infectious diseases. In addition, the incidence of drug-resistant infectious diseases is increasing, increasing the demand for alternative treatment options. 

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Global Antibiotics Market

Report ID: SQMIG35B2164

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