Antibiotics Market by Application, Product, Drug Origin, Action Mechanism, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41323

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The antibiotics market has the potential to grow by USD 13.72 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.40%.

This antibiotics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (broad-spectrum antibiotics and narrow-spectrum antibiotics), drug origin (natural, semisynthetic, and synthetic), action mechanism (bacteriostatic and bactericidal), application (antibiotics for human use and antibiotics for veterinary use), and geography (Asia, North America, Europe, and ROW). The antibiotics market report also offers information on several market vendors, including Abbott Laboratories, AbbVie Inc., AstraZeneca Plc, Bayer AG, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Mayne Pharma Group Ltd., Merck KGaA, Pfizer Inc., and Sanofi SA among others.

What will the Antibiotics Market Size be in 2021?

Antibiotics-Market-Market-Size-2020-2025

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Antibiotics Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The special regulatory designation to the drugs is notably driving the antibiotics market growth, although factors such as the development of antibiotic-resistant strains may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the antibiotics industry get your FREE report sample now.

  • The presence of limited drugs in the market for treatment has led to the introduction of the GAIN Act by the US FDA. This act has provided QIDP designation for drugs, which will help in attaining fast track designation and priority review for the drug.
  • Designated drugs will be developed at a faster rate. For instance, AVYCAZ, a combination of ceftazidime (a previously approved cephalosporin) and avibactam (a new beta-lactamase inhibitor), received QIDP designation.
  • The above factor led to the early approval of the drug by the US FDA. Special regulatory designation to the drugs will be one of the major factors that will have a positive impact on the market’s growth.
  • The increase in patient assistance programs on the use and benefits related to antibiotics, one of the latest antibiotics market trends, will also influence market growth.
  • The programs allow pharmaceutical companies to provide free samples or discounted medicines to low-income patients and uninsured and under-insured patients.
  • Vendors also provide co-pay assistance to individuals. Merck's Sivextro already has a co-pay assistance program that provides financial help for individuals consuming the drug.

This antibiotics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Antibiotics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • AbbVie Inc.
  • AstraZeneca Plc
  • Bayer AG
  • F. Hoffmann-La Roche Ltd.
  • Johnson & Johnson
  • Mayne Pharma Group Ltd.
  • Merck KGaA
  • Pfizer Inc.
  • Sanofi SA

 

The antibiotics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the antibiotics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Antibiotics Market?

Antibiotics-Market-Market-Share-by-Region-2020-2025

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42% of the market’s growth will originate from Asia during the forecast period. China, Japan, and India are the key markets for the antibiotics market in Asia. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for improved healthcare infrastructure will facilitate the antibiotics market growth in Asia over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Antibiotics Market?

Antibiotics-Market-Market-Share-by-Product-2020-2025

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The high market share of broad-spectrum antibiotics is attributed to a wide spectrum of activities of these drugs against various microorganisms, making broad-spectrum antibiotics a better option for the treatment of various infections. The broad-spectrum antibiotics can be used as early as the diagnosis or symptoms of any bacterial infection appear before the identification of the disease-causing pathogen.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the antibiotics market size.

 

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What are the Key Factors Covered in this Antibiotics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive antibiotics market growth during the next five years
  • Precise estimation of the antibiotics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the antibiotics industry across Asia, North America, Europe, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of antibiotics market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The antibiotics market growth will increase by $4.44 billion during 2019-2024.
The antibiotics market is expected to grow at a CAGR of 3.03% during 2019-2024.
Technavio has segmented the antibiotics market by product (Broad-spectrum antibiotics and Narrow-spectrum antibiotics) ,other 2 (Bacteriostatic and Bactericidal) , and application (Antibiotics for human use and Antibiotics for veterinary use).
Abbott Laboratories, AbbVie Inc., AstraZeneca Plc, Bayer AG, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Mayne Pharma Group Ltd., Merck KGaA, Pfizer Inc., Sanofi are a few of the key vendors in the antibiotics market.
APAC will register the highest growth rate of 48.96% among the other regions. Therefore, the antibiotics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the antibiotics market growth are:
  • Rising prevalence of infectious diseases
The antibiotics market vendors should focus on grabbing business opportunities from the broad-spectrum antibiotics segment as it accounted for the largest market share in the base year.
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