4 February 2019: The
Global Antibiotic
Market is expected to witness rapid growth in the near future
due to the development of novel products and rising investment in research
& development of advanced antibiotic. Additionally, development of
thirty-seven highly advanced molecules in the U.S. region coupled with phase II
clinical trials are expected to foster market growth over the forecast period.
Favorable governmental regulation, reforms and legislations
such as the Generating Antibiotics Incentives Now (GAIN) Act are predicted to
drive approval rate, thus propelling market growth further. Globally, the
antibiotic market is predicted to grow at a substantial CAGR in forecast
period, providing numerous opportunities for market players to invest in
research and development in the antibiotic market.
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The Generating Antibiotics Incentives Now (GAIN) Act has
enabled production of advanced set of therapies against antibiotic resistant
pathogens. These factors are expected to play a major role for the robust growth
of market over the forecast period. Growing demand of antibiotic drugs is
attributed to rising prevalence of infectious diseases in both developing and
developed economies across the globe, in the recent years. Additionally, rising
number of manufacturers of antibiotic drugs and significant R&D activities
in the market are expected to fuel market growth in the upcoming years.
Infection diseases such as Diarrhea is considered as one of
the Major cause of high mortality rate among children, particularly in the
developing and underdeveloped economies all around the globe. Increasing use of
antibiotic drugs to prevent this morbidity is anticipated to augment market
demand over the forecast period. Increasing number of cases related to other
infectious diseases such as HIV, pneumonia, malaria, and tuberculosis is
further propelling market growth since last couple of decades.
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The monoclonal antibodies is considered as one of the
fastest growing segment in the antibiotics market with substantial revenue
generation in the last couple of years. Numerous benefits of monoclonal
antibodies over its counter parts is considered as major driving factor for the
growth of monoclonal antibodies market segment. Growing prevalence of
pneumonia, blood stream infections, and urinary tract infections (UTI) are
predicted to boost the demand of carbapenems class of antibiotics.
The key players in the antibiotics market are Pfizer
Incorporations, Janssen Pharmaceuticals, Inc., Abbott Laboratories,
GlaxoSmithKline plc, Sanofi S.A., Novartis AG, Bayer AG, Bristol Myers Squibb
Company, Eli Lilly and Company Co., and Astellas Pharma Incorporations.
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