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Antibiotics Market is projected to expand at a steady CAGR over the forecast by 2031 | GlaxoSmithKline plc, Merck & Co. Inc., Mylan N.V., Novartis International AG (Sandoz), Pfizer
Antibiotics Market
Antibiotics are a type of medication that are used to treat infections caused by bacteria. They work by killing the bacteria or preventing them from multiplying. There are many different types of antibiotics, and they are usually classified according to their mechanism of action. Some common examples include penicillin, cephalosporins, and macrolides. Antibiotics are usually taken orally in the form of pills, but they can also be given intravenously. The length of treatment depends on the type of infection, but it typically lasts for 7-10 days.
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Key Trends
The development of new antibiotics has lagged behind the rise in drug-resistant bacteria, leading to a growing public health threat. In response, governments, academia, and industry are working to revive the antibiotic pipeline through a variety of initiatives.
One key trend is the use of precision medicine to develop more targeted antibiotics. This approach aims to understand the specific genetic makeup of a patient's infection and then design a tailored treatment. This could help to reduce the chances of resistance developing and also increase the effectiveness of the antibiotic.
Market Segments
The Antibiotics Market is segmented by class, drug origin, spectrum of activity, route of administration. Based on class, the market is classified into beta lactam & beta lactamase inhibitors, quinolones, macrolides, and others. By drug origin, it is segmented into natural, semisynthetic and synthetic. Based on the spectrum of activity, the market is bifurcated into broad-spectrum antibiotic and narrow-spectrum antibiotic. By route of administration, it is segmented into oral, intravenous, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Drivers
The key drivers of the antibiotics market are the rising incidence of infectious diseases, the growing awareness of the importance of timely treatment of infections, and the availability of new and effective antibiotics.
The rising incidence of infectious diseases is driven by the increasing global population, the increased international travel, and the spread of antibiotic-resistant bacteria.
The growing awareness of the importance of timely treatment of infections is driven by the increasing number of media reports of serious infections, such as MRSA, that can be fatal if not treated promptly.
Key Players
The Antibiotics Market includes players such as Abbott Laboratories, Allergan Plc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Merck & Co. Inc., Mylan N.V., Novartis International AG (Sandoz), Pfizer Inc., Sanofi and Teva Pharmaceutical Industries Ltd.
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