USD 5.6 billion
Report ID:
SQMIG35I2327 |
Region:
Global |
Published Date: April, 2024
Pages:
218
|Tables:
89
|Figures:
71
Macrolide Antibiotics Market size was valued at USD 5.73 Billion in 2023 and is poised to grow from USD 5.86 Billion in 2024 to USD 6.87 Billion by 2032, growing at a CAGR of 2.3% during the forecast period (2025-2032).
Antibiotics belonging to the macrolide class have a macrocyclic lactone structure with one or more deoxy sugars attached. The macrolides bind irreversibly to a region on the 50S subunit of the bacterial ribosome to impede the translocation phases of protein synthesis. Even though they are usually thought of as bacteriostatic medications, larger dosages may have bactericidal effects. These macrolide antibiotics are used to treat sexually transmitted infections including gonorrhea and chlamydia and respiratory tract infections like pneumonia, bronchitis, sinusitis, and pharyngitis.
Globally rising infectious illness rates are the main factor fueling the market's expansion. The National Centre for Biotechnology Information (NCBI) estimates that between 1.5 and 14 instances of community-acquired pneumonia per 1000 people occur worldwide each year. Furthermore, there are 24.8 cases per 10,000 people in the United States each year, and the prevalence rises with age. The need for macrolide antibiotics as a treatment for community-acquired pneumonia is rising in the United States and other nations. This increases the market share of macrolide antibiotics. The market is growing as generic antibiotics are now more widely available. The goal of many market participants is to create generic equivalents of name-brand macrolide antibiotics.
Global Market Size
USD 5.6 billion
Largest Segment
Azithromycin
Fastest Growth
Erythromycin
Growth Rate
2.3% CAGR
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The global macrolide antibiotics market is segmented based on drug type, route, distribution channel and regional type. In terms of drug type, the market is segmented into azithromycin, erythromycin and others. Based on route of administration, the market is bifurcated into oral, parenteral and others. Based on distribution channel, the market is bifurcated into hospital pharmacies, drug stores & retail pharmacies and online providers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The product segment's potential to improve patient outcomes and lessen the cost of healthcare is what will drive its future growth.
Analysis by Drug Type
As per categorization by drug type, the market is classified into azithromycin, erythromycin and others. Among these, azithromycin earned the largest share and continues to dominate the market. As azithromycin works against a wide range of bacterial infections, including respiratory and STDs, the worldwide macrolide antibiotics industry is still seeing innovation and rising azithromycin usage. Due in part to azithromycin's efficiency, easy to follow dosage instructions, and comparatively low rate of side effects, it is widely used. Furthermore, continuing research and development initiatives seek to investigate novel formulations and indications, thereby strengthening azithromycin's standing in the international market.
Erythromycin is leading the charge in the rapidly expanding worldwide macrolide antibiotic market. Its extensive application in treating a variety of diseases, such as skin and respiratory conditions, together with its potency against a wide range of bacteria, establish it as a mainstay drug. Its potential for market expansion is also increased by the growing incidence of bacterial illnesses around the globe as well as the creation of innovative formulations and delivery systems. Erythromycin is the fastest-growing competitor in the worldwide macrolide antibiotics market due to its proven effectiveness and flexibility to meet changing medical needs.
Analysis by Distribution Channel
Leading the way in innovation and consumption patterns within the global market for macrolide antibiotics are hospital pharmacies. The role of hospital pharmacy in encouraging rational antibiotic usage and implementing recommendations for safe prescribing is vital, especially with the growing emphasis on antimicrobial stewardship programmes within healthcare facilities. They also act as centers of research and development, encouraging the creation of new macrolide antibiotic formulations and delivery systems that improve their effectiveness and address new patterns of resistance.
Due to their accessibility and convenience, drug shops, retail pharmacies, and internet suppliers are expected to develop at the fastest rate in the global market for macrolide antibiotics. Customers are turning more to telemedicine and self-care in healthcare to get fast access to antibiotics, especially macrolides, for common diseases. In addition, the growing market penetration of internet pharmacies allows them to serve a worldwide clientele. Sales of macrolide antibiotics have significantly increased because of this move towards retail and internet channels, which highlights how the healthcare delivery system is changing.
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In 2022, the Macrolide Antibiotics Market in North America held a 45.80% market share. The region's high demand for and use of antibiotics, especially macrolides, is one of the causes of this. In addition, the Macrolide Antibiotics market in the United States had the biggest market share, while the Armour Materials market in Canada had the quickest rate of growth in the North American area. The market share of macrolide antibiotics in Europe is the second greatest. This is because as infectious diseases become more common, there is an increasing need for antibiotics. Additionally, the Macrolide Antibiotics market in Germany had the most market share, while the Macrolide Antibiotics market in the UK had the highest rate of growth in the European Union.
From 2023 to 2032, the Macrolide Antibiotics Market in Asia-Pacific is predicted to develop at the quickest compound annual growth rate (CAGR). the expansion of healthcare spending and the dissemination of information about these therapies' accessibility. Furthermore, it is anticipated that the favorable reimbursement policies in Japan will boost the country's macrolide antibiotic sales. Furthermore, the Macrolide Antibiotics market in China commanded the most market share, while the Macrolide Antibiotics market in India grew at the fastest rate in the Asia-Pacific area. Despite its potential for expansion, Latin America continues to lag due to its economic conditions. The Middle East and Africa have a reduced market share, mostly as poorer healthcare access and scarce resources for the distribution and acquisition of antibiotics. Asia Pacific is showing a lot of growth prospects, North America and Europe are still the leading participants overall.
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Drivers
Emerging Trends for Macrolide Antibiotics Market
Therapeutic Developments
Restraints
Macrolide Antibiotic Resistance
General Safety and Side effects Conce
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Prominent industry participants are making significant investments in R&D to broaden their product offerings, hence contributing to the Macrolide Antibiotics market's continued expansion. To increase their worldwide presence, market players are also engaging in a range of strategic initiatives. Notable changes in the industry include the introduction of new products, contracts, mergers and acquisitions, increased investment, and cooperation with other businesses. This enormous healthcare facility provides state-of-the-art medical care. Outside of North America and Canada, Merck Sharp & Dohme Corp. is also known as MSD. This is one of the largest pharmaceutical companies in the world. Merck Sharp & Dohme Corp. is a business that discovers, manufactures, and distributes medications, vaccines, and medical supplies for both people and animals.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, due to their sizable populations and rising healthcare demands, developing countries like China, India, and Brazil present the macrolide antibiotics market with substantial growth potential. By responding to the expanding need for effective treatment alternatives in the face of an increase in bacterial infections, producers can increase their market share in these areas. The market for macrolide antibiotics is facing a major challenge from the emergence of bacteria that are resistant to these medications due to their overuse and misuse. The development of new drugs and treatment strategies is required since this resistance jeopardizes their long-term efficacy in treating bacterial infections. Healthcare professionals and manufacturers are nevertheless faced with the constant struggle of addressing these safety problems.
Leading players in the market are putting a lot of money into research and development to diversify their product lines, which is propelling the Macrolide Antibiotics market's steady expansion. They are also utilizing several strategic measures to fortify their position globally, such as new product launches, agreements, mergers and acquisitions, higher investment levels, and joint ventures with other businesses, all of which highlight Merck Sharp & Dohme Corp.'s important position as one of the biggest pharmaceutical companies in the world, offering state-of-the-art medical solutions. Major trends in the macrolide antibiotics market are driven by the pharmaceutical industry's focus on innovation and efficacy in treating bacterial infections. One such trend is the rising demand for new derivatives and formulations to improve pharmacokinetics, broaden activity, and fight resistance, demonstrating a dedication to adapting to changing microbial threats.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.6 billion |
Market size value in 2031 | USD 6.72 billion |
Growth Rate | 2.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Macrolide Antibiotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Macrolide Antibiotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Macrolide Antibiotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35I2327
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