Antibiotics Market Product Overview, Development Prospect and Future Scenario 2019-2028
Antibiotics is also called antibacterial or antimicrobials. An antibiotic is a type of antimicrobial substance that is active against bacteria and is the most important type of antibacterial agent for fighting bacterial infections in humans. It is a molecule that kill or stop the growth of microorganisms, including bacteria and fungi. Antibiotics are used to treat or prevent bacterial infections, protozoan infections, and a number of parasitic diseases.
The global antibiotics market is expected to register significant growth in the forecoming years. Major factors driving growth of the global target markets are, rising health care expenditure and increasing prevalence and incidences of life threating disease such HIV/AIDS, pneumonia, malaria, etc. across the globe. In addition, growing population, government initiatives, favorable reimbursement policies, increasing drugs R&D activities are the other factors expected to drive the growth of the target market over the forecast period.
The global antibiotics market report has been segmented on the basis product type, spectrum, and region.
On the basis of product type, the global market has been segmented into cephalosporins, penicillins, fluoroquinolones, macrolides, carbapenems, aminoglycosides, and sulfonamides
On the basis of spectrum, the global market has been segmented into broad-spectrum antibiotics and narrow-spectrum antibiotics
On the basis of region, the global markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, Asia Pacific antibiotics market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. This is primarily attributed to developing medical facilities, rising health care expenditure, favorable reimbursement policies growing health awareness among consumers in countries in the region.
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Key players operating in the global antibiotics market includes Pfizer Inc., Astellas Pharma, Inc., F. Hoffmann-La Roche AG, Novartis AG, Bristol-Myers Squibb Co., Bayer HealthCare AG, Abbott Laboratories, MiddleBrook Pharmaceuticals, Inc., Takeda Pharmaceutical Company Ltd., Daiichi Sankyo Company, Ltd., GlaxoSmithKline Plc, and Eli Lilly and Co.
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