Antibiotic Market Analysis, Segments, Leading Player, Application & Forecast to 2024

Antibiotics, also called antibacterials or antimicrobials, is a group of medicines used in the treatment of infections caused by germs—bacteria and certain parasites—by inhibiting the growth of microorganisms or killing them. Since the discovery of the antibiotic penicillin in 1920, various antibiotic compounds have been widely used to treat several bacterial infections. Increasing incidence of chronic and infectious diseases across the globe and efficacy of antibiotics to treat a wide spectrum of bacterial infections have led to the rapid evolution of the global antibiotic market.

The indiscriminate prescribing of antibiotics by clinicians and physicians and antibiotic drug abuse among livestock over the past few years resulted in the emergence of many antibiotic-resistant bacteria, which proved fatal to human beings. Additionally, various infections surfaced that developed immunity to certain antibiotic strains, which aggravated the problem. However, the discovery of molecules that can fight antibiotic-resistant bacteria has revived the growth of the global antibiotic market. The antibiotics market is poised for a healthy growth along the forecast period.

The report on the global antibiotic market provides detailed insight into the current market outlook, key drivers and restraints, current and emerging trends, and recent developments in drug discovery. The report profiles the key market players and provides a detailed analysis of their key offerings. Furthermore, quantitative estimates of their market share and size across major regions and an in-depth assessment of the factors impacting their strategic dynamics are covered in the report. Emerging opportunities for market players to capitalize on are evaluated in the report as well.

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Global Antibiotic Market: Key Trends and Opportunities

The global antibiotic market is primarily driven by the development of novel approaches for new antibiotics for treating bacterial infections and a large number of clinical trials. In addition, the increasing incidence of infectious diseases, such as HIV/AIDS, pneumonia, malaria, and tuberculosis, combined with the current gap in the demand and supply of antibiotics are other crucial factors boosting the market.

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