Antibiotics and Corticosteroids Market Size, Share 2019; Global Industry Analysis By Top Key Vendors, Growth, Business opportunities, By Drug Type, Diagnosis and End Users
Antibiotics or also called antibacterial are used to destroy or slow down growth of bacteria in the body. On the contrary, corticosteroids are used to treat the allergy and inflammatory condition. There are certain functions, which corticosteroids can perform while antibiotics cannot perform and vice-versa. In some cases, the physician prescribes the dose of antibiotics along with corticosteroids so that antibiotic will help attack the microorganism cell wall, while corticosteroids tackle inflammatory process. Corticosteroids also used to decrease the pain associated with inflammation by inhibiting chemical mediators. Over dosage or misuse of both compounds might lead to adverse effects such as failure of immune system.
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Global Antibiotics and Corticosteroids Market- Drivers
Efficiency of combine treatment of antibiotics and corticosteroids on several chronic diseases to drive global antibiotics and corticosteroids market growth
The combine use of antibiotics and corticosteroids has proven to be highly efficient in the treatment of human respiratory syncytial virus infection (hRSV), Zika Virus, Ebola, Cepacia syndrome, S. Aureus arthritis, and pneumonia. According to the data published in Journal of Tropical Diseases and Public Health, in 2016, around 6.3 million children died in 2013, wherein 51.8% died due to infectious diseases and largest was accounted due to pneumonia for around 935,000 deaths. According to the same source, around 3.4 million children are infected with the human Respiratory syncytial virus (RSV), which is associated to acute lower respiratory infections (ALRI). Increasing initiatives by governmental authorities to support antibiotics and corticosteroids production is growth of the global antibiotic and corticosteroids market. For instance, introduction of Antibiotics Incentives Now (GAIN) act, which has the provisions to facilitate the development of therapy against antigen resistant pathogens is expected to propel the approval for antibiotics.
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Global Antibiotics and Corticosteroids Market- Restraints
However, adverse effect caused due to high intake or misuse of both antibiotics and corticosteroids, use in animals which are later consumed by humans, and regulations and policies on use of antibiotics and corticosteroids are expected to restrain growth of the global antibiotics corticosteroids market growth.
Rise in population with pneumonia is contributing to the growth of this disease segment in global antibiotics and corticosteroids market
The global antibiotics and corticosteroids market is segmented by application, by antibiotics type, by end user, by disease type, and by region
On the basis of application, the global antibiotics and corticosteroids market is segmented into
On the basis of antibiotic type, the global antibiotics and corticosteroids market is segmented into
On the basis of end user, global the antibiotics and corticosteroids market is segmented into
- Medical clinics
On the basis of disease type, the global antibiotics and corticosteroids market is segmented into
- Cepasia Syndrome
- Human Respiratory syncytial virus (RSV) infection
- Aureus Arthritis
- Sinus Infection
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Increasing prevalence of infectious diseases and established healthcare sector is fueling growth of the antibiotics and corticosteroids market in North America
Regional segmentation of antibiotics and corticosteroids market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. Among regions, North America accounts for the largest share in the global antibiotics and corticosteroids market. This is owing to high prevalence rate of respiratory syncytial virus (RSV) infection and the need for antibiotic and corticosteroids treatment of such diseases in the region. For instance, the Centers for Disease Control and Prevention (CDC), around 2.1 million children are diagnosed with RSV and 14, 000 adult population die due to this disease annually. Moreover, Latin America accounts for the major share in the global antibiotics and corticosteroids market followed by Asia Pacific, owing to the progress in pharmaceutical industry.
The generic drug manufacturers account for the largest share in the global antibiotics and corticosteroid market, owing to presence of key drugs that are helping to generate the revenue with availability of few patent products. Key players in the market are focused on various growth strategies such as collaboration and agreement, in order to gain competitive edge in the market. For instance, in 2016, Pfizer entered into an agreement with AstraZeneca to acquire the commercialization and development right Pfizer’s business mostly outside the U.S.
Key players operating the global antibiotics and corticosteroids market include Novartis, Pfizer, GlaxoSmithKline (GSK), Abbott Laboratories, Sanofi, Johnson & Johnson, Merck, Sumitomo, AstraZeneca, Cipla, and Astellas Pharma.About Us:
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