PUBLISHER: Visiongain | PRODUCT CODE: 1413735
PUBLISHER: Visiongain | PRODUCT CODE: 1413735
The global Antibacterial Drug Market is projected to grow at a CAGR of 3.6% by 2034.
“The Antibacterial drugs Market Report 2024-2034”: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Antibacterial drug research and development has been impacted due to limited attractiveness of the market. Major factors that restrict entry of companies are low profit margins for short-course antibacterial treatment as compared to chronic disease drugs, limited marketing lifespan due to emerging resistance, availability of cheap generic drugs, necessary healthcare stewardship to limit antibacterial drug use. Hence, many public-private partnerships have been implemented with government, academia, and the pharmaceutical industry to provide financial and technical support for developing antibacterial drugs. According to WHO, there were only 27 new antibiotics in clinical development against priority pathogens in 2021 as compared 31 in 2017. In the preclinical stage, the number of products has remained constant over the last 3 years. Of the 27 antibiotics in clinical trial stage, only 6 fulfil at least one of WHO's criteria for innovation. The lack of innovation weakens the effectiveness of the limited number of new antibiotics.
According to the US Pharmacopeia Medicine Supply Map Analysis, there is an increased shortage risk for antibiotics, supply chain risks that can lead to antimicrobial resistance. Antibiotics shortage is 42% more likely compared to all other drugs. The analysis is derived from 40 external datasets and proprietary information about the use of USP quality standards, covering 92% of generic medicines approved in the US. Antimicrobial shortage affects addressing the issue of AMR. As per the study, of all types of antibacterial drugs, cephalosporin are at elevated risk for shortage, driven by price. Additionally, 40% of active pharmaceutical ingredients (APIs) used for cephalosporin are currently in shortage. Furthermore, poor-quality medicines drive antimicrobial resistance (AMR) by exposing microorganisms in the body to sub-therapeutic doses of medicines. This leads to patient not receiving enough of the medication's active pharmaceutical ingredient (API), helping the pathogen to evolve and form more resistant strains can emerge.
Likewise, the European Commission, the Heads of Medicines Agencies (HMA), and the European Medicines Agency (EMA) issued recommendations in July 2023 to prevent shortages of antibiotics (e.g., amoxicillin, amoxicillin/clavulanic acid, penicillin, azithromycin, clarithromycin, ceftriaxone, cefotaxime and piperacillin-tazobactam) crucial in the treatment of respiratory infections. The recommendations were developed by the Executive Steering Group on Shortages and Safety in Medicinal Products (MSSG). EMA and the European Health Emergency Preparedness and Response Authority (HERA) will work with marketing authorization controllers to ensure first and second-line antibiotics for respiratory infections to match demand and avoid shortages.
You need to discover how this will impact the Antibacterial drugs market today, and over the next 10 years:
This report tells you TODAY how the antibacterial drugs market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, ""V" ", "L", "W" and "U" are discussed in this report.
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 20 leading national markets:
The report also includes profiles and for some of the leading companies in the Antibacterial Drugs Market, 2024 to 2034, with a focus on this segment of these companies' operations.
|
|
Overall world revenue for Antibacterial drugs Market, 2024 to 2034 in terms of value the market will surpass US$ 39,178.7 million in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
In summary, our 260-pages report provides you with the following knowledge:
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Antibacterial drugs Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.