Global Antibiotics Market to Grow at 3.5% During 2024-2032, Impelled by Increasing Incidences of Infectious Diseases

August 30, 2021 | Healthcare

According to the latest report by IMARC Group, titled "Antibiotics Market Report by Action Mechanism (Cell Wall Synthesis Inhibitors, Protein Synthesis Inhibitors, DNA Synthesis Inhibitors, RNA Synthesis Inhibitors, Mycolic Acid Inhibitors, and Others), Drug Class (Cephalosporin, Penicillin, Fluoroquinolone, Macrolide, Carbapenem, Aminoglycoside, and Others), Spectrum of Activity (Broad-Spectrum Antibiotics, Narrow-Spectrum Antibiotics), Route of Administration (Oral, Parenteral, Topical, and Others), End User (Hospitals, Specialty Clinics, and Others), and Region 2024-2032," the global antibiotics market reached a value of US$ 51.4 Billion in 2023. Antibiotics refer to antimicrobial substances that assist in combating bacterial and protozoan infections. They include a group of medicines that inhibit the growth of microorganisms in order to prevent the replication of parasites. Generally administered orally in the form of pills, tablets, liquids, and capsules, there are numerous classes of antibiotics that are based on their mode of action, chemical structures and spectrum of activity. They can also be available as creams, ointments, sprays, and lotions that are commonly applied on the skin for treating acne and related skin conditions. Some of the widely prescribed antibiotics include penicillin, cephalosporin and fluoroquinolone that can be used in the treatment of sinus infections, pneumonia, urinary tract infections, skin infections and ear infections.

Global Antibiotics Market Trends:

The global market is majorly driven by the rising prevalence of infectious diseases across the globe. The increasing occurrences of malaria, tuberculosis and pneumonia have contributed to the rising demand for antibiotics. Moreover, with the easy availability of generic medicines and the growing number of surgical procedures being conducted on the global level, there has been a considerable rise in the demand for antibiotics. The market is further driven by the widespread product applications in livestock farming for safeguarding animal health and welfare while supporting food safety. Some of the other factors contributing to the market growth include the continual investments for developing novel treatments of various medical conditions and extensive research and development activities conducted by key players to introduce antibiotics with improved efficacy. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 3.5% during the forecast period (2024-2032).

Market Summary:

  • On the basis of the action mechanism, the market has been divided into cell wall synthesis inhibitors, protein synthesis inhibitors, DNA synthesis inhibitors, RNA synthesis inhibitors, mycolic acid inhibitors, and others.
  • Based on the drug class, the market has been classified into cephalosporin, penicillin, fluoroquinolone, macrolide, carbapenem, aminoglycoside, and others.
  • On the basis of the spectrum of activity, the market has been segmented into broad-spectrum antibiotics and narrow-spectrum antibiotics.
  • Based on the route of administration, the market has been categorized into oral, parenteral, topical and others.
  • On the basis of the end user, the market has been divided into hospitals, specialty clinics, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Allergan Plc (AbbVie Inc.), Basilea Pharmaceutica AG, GlaxoSmithKline Plc, Johnson & Johnson, Melinta Therapeutics, Merck & Co. Inc., Nabriva Therapeutics Plc, Paratek Pharmaceuticals Inc., Pfizer Inc., Sanofi SA, Spero Therapeutics and Tetraphase Pharmaceuticals.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Action Mechanism, Drug Class, Spectrum of Activity, Route of Administration, End User, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Allergan Plc (AbbVie Inc.), Basilea Pharmaceutica AG, GlaxoSmithKline Plc, Johnson & Johnson, Melinta Therapeutics, Merck & Co. Inc., Nabriva Therapeutics Plc, Paratek Pharmaceuticals Inc., Pfizer Inc., Sanofi SA, Spero Therapeutics and Tetraphase Pharmaceuticals
Customization Scope 10% Free Customization
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Global Antibiotics Market to Grow at 3.5% During 2024-2032, Impelled by Increasing Incidences of Infectious Diseases
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