The Aminoglycosides Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Aminoglycosides are more active against gram-negative, aerobic and facultative anaerobic bacilli. Increase in disease indication due to bacterial infections such as Plasmodium aeruginosa, Serratia marcescens, and increase in incidence of tuberculosis among emerging regions such as Asia Pacific and Middle East & Africa which are expected to boost growth of the global aminoglycosides market. According to the World Health Organization (WHO) 2013, there were 368 Mn people with hearing impairment disorder due to tuberculosis. The prevalence of hearing loss both in children as well as in adults over 65 years of age was highest in South East Asia, Asia Pacific and Sub-Saharan Africa. Hence, the use of aminoglycosides in tuberculosis treatment is expected to fuel growth of aminoglycosides market in these regions through 2024. Renal toxicity, vestibular and auditory toxicity side-effects are expected to hamper the global aminoglycoside market growth during the forecast period.
Geographically aminoglycoside market is classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global aminoglycoside market in terms of value due to increase in bacterial infections and introduction of novel, key players for production of aminoglycoside. Early-phase diagnosis and treatment of disease is expected to drive the growth of the aminoglycoside market in North America. Europe is the second largest market for aminoglycoside in terms of value as there are favourable government policies regarding health care infrastructure and awareness of population. Asia Pacific is expected to grow at higher rate due to rising population, tropical climate which initiates bacterial infections, rising awareness between patients and increasing per capita expenditure. In addition, economic growth is supporting the healthcare infrastructure improvement in developing countries such as India and China. Thus, all the above mentioned factors collectively fuel the growth of aminoglycoside market in Asia Pacific. Middle East and Africa is another major region which is projected to grow remarkably due to rise in tuberculosis and HIV disease rate among the population. According to the WHO, South Africa had one of the highest rates of drug-resistant tuberculosis (MDRTB) in the world, for which the use of 2nd line injectable anti-TB drugs are associated with sensorineural hearing loss (SNHL).
The major players operating in the global biologic imaging reagents market include Achaogen, Inc., SelectX Pharmaceuticals, Inc., Oricula Therapeutics, Yi Chang Veterinary Medicine Factory, among other significant players worldwide.
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