Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.15 Billion | USD 29.17 Billion | 2.6% | 2023 |
According to the report published by Zion Market Research, the global Oral Antibiotics Market size was valued at USD 23.15 Billion in 2023 and is predicted to reach USD 29.17 Billion by the end of 2032. The market is expected to grow with a CAGR of 2.6% during the forecast period. The report analyzes the global Oral Antibiotics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Oral Antibiotics industry.
Antibiotics are antimicrobial compound that effectively fights against protozoan and bacterial infections but not viral infections. These medications halt the growth of bacteria from spreading further and also kill the bactericidal antibiotics. There are different types of antibiotics available at pharma stores & hospitals and are sold with & without prescription in many countries. Antibiotics are majorly utilized during joint replacement, suppress the immune system, dialysis, and transplant.
The growing prevalence of several diseases like tuberculosis, malaria, pneumonia, and lower respiratory infections all across the globe is increasing the burden on healthcare infrastructures. Hence, such a rapidly increasing prevalence of bacterial and infectious diseases all across the globe is one of the major factors driving the growth of the global oral antibiotics market vigorously. Pharmaceutical companies are making several efforts to develop novel therapies that can effectively treat infectious diseases. Also, the growing government initiatives to expedite the approval process and commercialize the drugs are supporting the pharmaceutical companies to launch innovative antibiotic drugs rapidly into the market.
There is significant growth in investments along with research & development activities by prominent market players for developing effective antibiotics drugs. Moreover, several pharmaceutical manufacturers are collaborating in order to reduce the burden of the high cost involved in the drug development process. However, such emerging scenarios are significantly escalating the growth of the global oral antibiotics market during the forecast period. Also, the outbreak of coronavirus has significantly boosted the demand for antibiotics to treat the several complications caused by the Covid-19 virus.
The global oral antibiotics market can be segmented into drug type, the spectrum of activity, drug origin, application, class, and region.
By drug type, the market can be segmented into generic and branded.
By spectrum of activity, the market can be segmented into narrow and broad-spectrum antibiotics.
By drug origin, the market can be segmented into synthetic, semisynthetic, and natural. The synthetic segment accounts for the largest share in the global oral antibiotics market due to the surging need for synthetic membrane-targeted antibiotics owing to the fact that they are antimicrobial resistant. Such synthetic antibiotics include several other advantages like no cross-resistance with the other antibiotics, a broad spectrum of activity, and a low probability of developing resistance.
By application, the market can be segmented into dental, urinary acquired tract infection, community respiratory tract infections, and others. The urinary acquired tract infection segment holds hegemony over others.
By class, the market can be segmented into macrolide, quinolone, and beta-lactam & beta-lactamase inhibitors. The beta-lactam & beta-lactamase inhibitors segment holds the largest share in the global oral antibiotics market due to its broad range of activities. It is effective against both gram-positive and gram-negative bacteria along with several other groups of bacterial infections.
Report Attributes | Report Details |
---|---|
Report Name | Oral Antibiotics Market |
Market Size in 2023 | USD 23.15 Billion |
Market Forecast in 2032 | USD 29.17 Billion |
Growth Rate | CAGR of 2.6% |
Number of Pages | 200 |
Key Companies Covered | Sun Pharmaceutical Industries Ltd., Sanofi, Pfizer Inc., Novartis AG, Merck KGaA, MELINTA THERAPEUTICS, INC., Mayne Pharma Group Ltd., Johnson & Johnson Services, Inc., GlaxoSmithKline plc., Gilead Sciences, Inc., F. Hoffmann-La Roche Ltd., Dr. Reddy’s Laboratories Ltd., Cipla Inc., Bristol Myers Squibb Company, Bayer AG, AstraZeneca Plc, Astellas Pharma, and Abbott Laboratories |
Segments Covered | By drug type, By the spectrum of activity, By drug origin, By application, By class and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific accounts for the largest share in the global oral antibiotics market due to the high consumption of antibiotics along with the increasing prevalence of infectious diseases in the region. Moreover, the growing government initiatives to launch novel therapies to treat the various infections effectively will further propel the growth of the regional market during the forecast period.
North America accounts for the second largest share in the global oral antibiotics market due to the presence of well-developed healthcare infrastructure in the region. The growing research and development activities in the region to develop effective drugs against virus infection will also boost the growth of the regional market during the forecast period.
Some of the significant players in the global oral antibiotics market are
The Global Oral Antibiotics Market segments are as follows:
By drug type
By spectrum
By drug origin
By application
By class
FrequentlyAsked Questions
The growing prevalence of several diseases like tuberculosis, malaria, pneumonia, and lower respiratory infections all across the globe is increasing the burden on healthcare infrastructures. Hence, such a rapidly increasing prevalence of bacterial and infectious diseases all across the globe is one of the major factors driving the growth of the global oral antibiotics market vigorously during the forecast period.
Some of the significant players in the global oral antibiotics market are Sun Pharmaceutical Industries Ltd., Sanofi, Pfizer Inc., Novartis AG, Merck KGaA, MELINTA THERAPEUTICS, INC., Mayne Pharma Group Ltd., Johnson & Johnson Services, Inc., GlaxoSmithKline plc., Gilead Sciences, Inc., F. Hoffmann-La Roche Ltd., Dr. Reddy’s Laboratories Ltd., Cipla Inc.
Asia Pacific accounts for the largest share in the global oral antibiotics market due to the high consumption of antibiotics along with the increasing prevalence of infectious diseases in the region. Moreover, the growing government initiatives to launch novel therapies to treat the various infections effectively further propel the growth of the regional market during the forecast period.
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