Roxithromycin Market Size and Share to Project Lucrative CAGR By 2026 | Future Growth Trends, Key Players Profile, Business Insights, Overview, Growth Projection and Global Market Analysis By 2026
SEATTLE, April 12, 2021, (PHARMIWEB) — Roxithromycin, which is also referred to as arrow-roxithromycin, is a semi-synthetic macrolide antibiotic, which is used to prevent bacterial growth. The drug is basically used to treat certain types of bacterial infections such as sinusitis, pharyngitis, bronchitis and pneumonia, urinary and soft tissue infections, and otitis media.
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Growing research activities for expanding applications of roxithromycin is projected to fuel the growth of the roxithromycin market over the forecast period. For instance, according to research by Otago University, New Zealand in July 2018, roxithromycin can be effective in treating myeloma, a cancer of plasma cells that usually arises in the bone marrow and is mainly associated with depletion of hemoglobin levels. The drug enhances hemoglobin levels. However, the drug is still under research to confirm its application in treating myeloma.
Drug recalls due to lack of quality standards are projected to hinder the growth of the market. For instance, in July 2016, the Ministry of Health, Vietnam recalled Rom-150 tablets (Roxithromycin 150mg) manufactured by Zee Laboratories and imported by Codupha Central Pharmaceutical JSC in Vietnam. The decision to recall these drugs was based on tests performed by the National Institute of Drug Quality Control.
On the basis of region, the global roxithromycin market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is projected to hold a dominant position in the global roxithromycin market during the forecast period and this can be attributed to rising government initiatives to prevent antimicrobial resistance and rising awareness regarding the proper use of antibiotics. For instance, in March 2015, Health Canada released Federal Action Plan with rules to reduce the risk of antimicrobial resistance in Canada, which includes infection prevention and control, research and innovation in developing antibiotics, and appropriate antimicrobial use for health professionals and the public of Canada.
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The Asia Pacific is projected to experience significant growth in the global roxithromycin market over the forecast period due to high infectious disease burden, unregulated sales of antibiotics and poor public health infrastructure. For instance, according to a report published in the journal The Lancet Infectious Diseases February 2017, Low-Income and Middle-Income Countries (LMICs) of the Asia Pacific such as Nepal, Pakistan, India, and Bangladesh witness significant demand for roxithromycin, due to less strict policies and easy availability of antibiotics over the counter.
Key players operating in the global roxithromycin market include Hetero Healthcare Ltd., Finecure Pharmaceuticals Ltd., Zhejiang Zhenyuan Pharmaceutical Co Ltd, Johnson & Johnson Private Limited, Hygeia Laboratories Inc, Bayer AG, Allergan plc. Galderma S.A, Valeant Pharmaceutical International, and Stiefel Laboratories
- Urinary and Soft Tissue Infections
- Respiratory Tract Infections
- Otitis media
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Asia Pacific
- Latin America
- Middle East
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