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According to the latest report by IMARC Group, titled "Antibiotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global antibiotics market exhibited moderate growth during 2015-2020. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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 4.5% during the forecast period (2021-2026).
Market Summary:
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