Antibiotics API Market's Promising Future: FMI Predicts US$ 12,002.3 Million Valuation by 2033 at a Consistent CAGR of 3.3%

The global market for antibiotics active pharmaceutical ingredients (API) is poised to achieve a valuation of US$ 8,653.0 million in 2023, with a projected surge to US$ 12,002.3 million by 2033, propelled by a steady CAGR of 3.3% throughout the forecast period.

This robust growth is underpinned by the escalating incidence of bacterial infections and other infectious diseases. The mounting number of individuals affected by these ailments has led to an increased demand for antibiotic medications, consequently fueling market expansion. Furthermore, the upswing in healthcare expenditure is serving as a pivotal catalyst in driving the growth of this market segment.

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The COVID-19 pandemic is anticipated to have a detrimental effect on the market for antibiotic APIs. Several of the biggest pharmaceutical companies, research universities, and biotech companies have been chosen to address the issue. They are now focusing on creating coronavirus vaccines rather than other drugs as a result. Hospital beds are scarce, and several APIs are in short supply.

Due to the rising demand and widespread use of penicillin as a first-line antibiotic therapy to treat various bacterial infections, the penicillin antibiotics segment dominated the antibiotics API market in 2021 with a market share of 51.1%. It is anticipated that pharmaceutical corporations will dominate the end-user market. Through the projected period, they are anticipated to hold more than 77% of the market and continue to dominate.

>Key Takeaways from Antibiotics API Market Study

-The global antibiotics API market is estimated to be US$ 8.01 Bn in 2020, with the market expected to exhibit a CAGR of 3.1% during the forecast period (2020-2030)
-The U.S. holds over 92.1% share of the North American market, but Canada is projected to expand faster CAGR
-The U.K. market will showcase steady y-o-y growth at 2.1% in 2021
-The demand from Germany and France will rise at a positive rate through the forecast period
-Within East Asia China will emerge as a key market, while Japan and South Korea will continue exhibiting steady demand

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"Increasing prevalence of bacterial diseases, extreme use of antibiotics, and rising investment in R&D are expected to boost the growth of the antibiotics API market." says the FMI Analyst

Rising investment in the R&D sector in order to develop advanced molecules is the major factor expected to boost the antibiotic API market growth.

For instance, Sandoz, the Novartis biosimilars and generics division, undergoes a joint investment, with the Austrian federal government, to enhance the long-term future of integrated antibiotics manufacturing in Europe.

>Key players in the Antibiotics API are Entering into the Strategic Alliance

The top players are focusing on increasing acquisitions at regional levels. Acquisitions empower the company with products and increase the company's portfolio. The company acquires to possess well-established products and solutions that are expect to account good revenue source for the acquirer. This also enables the company to enter new emerging markets as well as enhance the existing markets.

For instance, in August 2019, Nanjing Dorra Pharmaceutical Technology collaborated with Meitheal Pharmaceuticals, the fully integrated generic injectables company, for elevating the manufacturing capacity of the active pharmaceutical ingredients in the region of U.S. The collaboration enabled Meitheal Pharmaceuticals to invest into the Nanjing Dorra Pharmaceutical Technology.

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>Who is Winning?

The global antibiotics API market is set to expand its scope in the forecast period, as a result of rising prevalence of various bacterial diseases, and growing investment in R&D. The antibiotics market is highly competitive and consists of several major players. Pharmaceutical companies are more focused towards outsourcing of antibiotics API manufacturing due to the involvement of high capital investment in the establishment of Antibiotics API manufacturing units.

The key market players covered by FMI include Sandoz International GmbH, Centrient Pharmaceuticals, CordenPharma International, ACS DOBFAR SPA, Nanjing Dorra Pharmaceutical Technology Co. Ltd., DAEWOONG PHARMACEUTICAL CO. LTD., Parabolic Drugs Ltd., Penam Laboratories Ltd., ASIATIC DRUGS & PHARMACEUTICALS PVT. LTD., Fresenius Kabi, The United Laboratories International Holdings Limited, Aurobindo Pharma Limited, Unimark Remedies Ltd., Savior Lifetec, Shenzhen Haibin Pharmaceutical Co., Ltd., Sterile India Pvt. Ltd., Zhejiang Jiuzhou Pharmaceutical Co. Ltd., and Kyongbo Pharm, consolidating their positions through mergers, acquisitions and new product launches.

>Antibiotics API Market by API Type:

>API Type

>Penicillin Antibiotics
-Ampicillin
-Amoxicillin
-Dicloxacillin
-Penicillin G Sodium
-Benzathine
-Procaine
>Cephalosporins
-Cefotaxime
-Ceftriaxone
-Cefuroxime
-Cefalotin
>Carbapenem Antibiotics
-Meropenem
-Imipenem
-Ertapenem

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>End User

-Pharmaceutical Companies
-Contract Manufacturing Organizations (CMOs)
-Contract Development & Manufacturing Organizations (CDMOs)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.