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Penicillin Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40093
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The penicillin market size has the potential to grow by USD 1.65 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by type (oral and parenteral) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market's competitive landscape. It offers information on several market vendors, including Astellas Pharma Inc., Biocon Ltd., Cadila Healthcare Ltd., GlaxoSmithKline Plc, Merck & Co. Inc., Mylan NV, Pfizer Inc., Sanofi, Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd.

Market Overview

Penicillin Market Size

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Market Competitive Analysis

The penicillin market is fragmented with the presence of both large and small-sized players that are offering both branded and generic drugs to cater to the growing demand from people with bacterial infections. Astellas Pharma Inc., Biocon Ltd., and Cadila Healthcare Ltd. are some of the major market participants. Although the significant comorbidity associated with bacterial infections will offer immense growth opportunities, the use of alternative therapies will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this penicillin market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this penicillin market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Astellas Pharma, Inc.
  • Biocon Ltd.
  • Cadila Healthcare Ltd.
  • GlaxoSmithKline Plc
  • Merck & Co., Inc.
  • Mylan NV
  • Pfizer Inc.
  • Sanofi
  • Sun Pharmaceutical Industries Ltd.
  • Teva Pharmaceutical Industries Ltd.

Penicillin Market: Segmentation by Type

Penicillin Market Market segmentation by region

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The ease of administration of oral penicillin antibiotics, as well as their lower price when compared with parenteral penicillin antibiotic are some of the significant factors driving the oral market segment of the penicillin market.

The penicillin market share growth by the oral segment will be faster than the growth of the market by the parenteral segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the penicillin market size.

Penicillin Market: Segmentation by Geography

Penicillin Market Segmentation

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North America was the largest penicillin market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increased investments in R&D and the presence of a proper regulatory framework for the approval of new drugs are some of the factors that will significantly influence bone cement market growth in this region.

Almost 33% of the market's growth will originate from North America during the forecast period. The US, Canada, and Mexico is the key market for penicillin in North America. Market growth in this region will be faster than the growth of the market in other regions.

Penicillin Market: Key Drivers and Trends

All types of bacterial infections are associated with various chronic symptoms, such as fever, muscle fatigue, headache, nausea, vomiting, and swollen lymph nodes in the neck, armpits, or groin, which are persistently disturbing and cause a negative impact on patients? lives. To avoid the significant comorbidity associated with bacterial infections, people spend on the required therapeutic regimen, comprising penicillin, which is driving the growth of the market in focus. The availability of advanced diagnostic methods, such as serological cross-reactivity, is also driving sales of antibiotics such as penicillin. Advanced diagnostic methods have helped in the identification of pathogens as a possible cause of common bacterial infections.

  • Infectious diseases continue to have significant health and economic costs, particularly in developing countries such as India and China. The treatment cost for infectious diseases can lead patients and their families into poverty, undermine the resilience of communities, thus presenting a major threat to the country's economy.
  • Several public and private organizations are focusing on providing quality health services to people at low costs.
  • The universal health coverage (UHC), a public health management program run by the World Health Organization, is making efforts to expand access to health services and coverage of critical interventions over the past two decades.
  • The increasing efforts of organizations to overcome the high financial burden of people and to increase the accessibility and affordability of medicines is one of the vital penicillin market trends.
  • The market is expected to record a CAGR of over 4% during the forecast period.

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Penicillin Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive penicillin market growth during the next five years
  • Precise estimation of the penicillin market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the penicillin industry across Asia, Europe, North America, 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 penicillin market vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Oral - Market size and forecast 2019-2024
  • Parenteral - Market size and forecast 2019-2024
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Rising awareness about infectious diseases
  • Growing risk of spreading infections via blood transfusions

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Astellas Pharma Inc.
  • Biocon Ltd.
  • Cadila Healthcare Ltd.  
  • GlaxoSmithKline Plc
  • Merck & Co. Inc.
  • Mylan NV
  • Pfizer Inc.
  • Sanofi
  • Sun Pharmaceutical Industries Ltd.
  • Teva Pharmaceutical Industries Ltd.
  • Growing geriatric population

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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