Antibiotics are antibacterial agents with the ability to kill or reduce bacterial growth. They are used widely for treating and preventing bacteria-caused diseases. There are millions of people suffering from several bacterial illnesses like diarrhea and other infections across the world. An increase in patients experiencing infections and improvement in advanced diagnostics devices are considered key factors that lead to the development of the global antibiotics market.
Increasing cases of chronic ailments have propelled the advancement of new antibiotic medicines and this is probably going to convert into market development in the coming years. Rising investments and efforts made by the major firms in research and advancement for producing new medications will stir the growth of the global antibiotics market.
Moreover, ideal government laws such as creating antibiotics incentives are projected to contribute to the global market growth in the future. The pressing need to reduce the curbing chronic ailments like malaria, Ebola virus, tuberculosis, cancer, COVID-19, pneumonia, and Zika virus is likely to accelerate the development of the market.
Also, the development of new antibiotics was considered to destroy infection completely. Nonetheless, the resurgence of new infections and danger of bioterrorism and genetically mutated microorganisms like Bacillus anthracis has constrained the market growth and is expected to hinder in the future as well. It has encouraged making new antibiotics to fight these bacteria. This has even resulted in rising significance of antibiotics drug treatment. With the spread of COVID-19 across the globe, the antibiotics business is probably going to thrive throughout the next few decades.
The global antibiotics market is broadly classified into action mechanisms, drug classes, and region. In terms of action mechanism, the market is divided into protein synthesis inhibitors, cell wall synthesis inhibitors, DNA synthesis inhibitors, mycolic acid inhibitors, and RNA synthesis inhibitors. The drug class is segmented into carbapenem, sulfonamides, aminoglycosides, macrolides, penicillin, cephalosporin, fluoroquinolone, and others.
Geographically, Asia Pacific is foreseen to emerge as a leading region in the global antibiotics market. This is attributed to the rising number of market players from this region, along with the highest manpower available, coupled with huge production capacity. Moreover, supportive government regulations are also a contributing factor in regional growth.
The leading players operating in the global antibiotics market are Bayer AG, Novartis AG, Janssen Pharmaceuticals, Pfizer, Inc., Astellas Pharma, Inc., GlaxoSmithKline plc, Abbott Laboratories, Bristol Myers Squibb Company, Sanofi S.A., Eli Lilly and Company, and others.
A year ago, to cite, Wockhardt got its approval regarding the manufacture of the new antibiotics, EMROK O (Oral), EMROK (IV). This is to treat acute skin structure ailments, bacterial infections, and diabetic foot allergies.