The Antibiotic Resistance Market will probably reach US$ 12.6 Bn between 2021 to 2031 at the rate of 4%. The healthcare vertical is witnessing consolidation at a rapid pace as value-based care is on the anvil. With the majority of key participants opting for an inorganic mode of expansion, it has been observed that nearly every single business day witnesses this on paper. This riding on inorganic growth is bound to keep the healthcare vertical happening throughout.
Antibiotic resistance is one of the biggest public health concerns today. In the U.S., over 2 million people suffer from an antibiotic-resistant infection annually. Growing mortality rate due to these infections has generated a gateway for pharmaceutical manufacturers to develop novel antibiotics. Fighting this threat is a national and public health priority that needs a collaborative approach among healthcare providers and governments. Human overuse of antibiotics leads to the development of antibiotic resistance, which, in turn, demands newer antibiotics.
Escherichia coli and Klebsiella pneumonia are highly resistant to the class of antibiotics called Carbapenem. Carbapenem-resistant Enterobacteriaceae (CRE) infection is a dangerous condition, because these microbes can cause infections in almost all parts of the body. Some of the very severe and common infections include urinary tract infections, ventilator-associated pneumonia bloodstream infections, and intra-abdominal abscesses. These infections are more dangerous as they are resistant to Carbapenem antibiotic drugs, which are considered to be the last resort of defence to treat multidrug-resistant bacterial infections.
Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/27895
Companies covered in Antibiotic Resistance Market Report
- Pfizer Inc
- GlaxoSmithKline plc
- Merck & Co., Inc.
- Johnsons & Johnson
- Baxter Healthcare Corporation
- Zydus Cadila
- Teva Pharmaceutical Industries Ltd.
- Novartis AG
- Reddy’s Laboratories Ltd.
- Mayne Pharma Group Limited.
- Sun Pharmaceutical Industries Ltd.
- Cipla Inc.
- Shanghai Pharmaceutical Group Co., Ltd.
- Yuhan Corporation
- Abbott Laboratories
Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/27895
Among all the regions, Asia Pacific countries are regarded as high CRE-prevalent regions, where the rate of CRE detection has been continuously increasing.
According to a latest report published by Persistence Market Research, the global antibiotic resistance market is projected to be valued at US$ 12.6 Bn by the end of 2031, witnessing a steady CAGR of over 4% during the forecast period (2021 – 2031).
Key Takeaways from Antibiotic Resistance Market Study
- Beta lactam antibiotics are expected to contribute more than 25% of the revenue share to the market by 2031. These antibiotics target a broad range of microbes, leading to their higher adoption.
- By distribution channel, hospitals pharmacies will lead by acquiring more than half of the market share. Most antibiotic-resistant infections are hospital-acquired, and hence, hospitals are major treatment providers.
- By indication, complicated urinary tract infections (CUTIs) are expected to dominate the market, owning to their higher prevalence, especially in the female population. These infections are common in developing regions with poor hygiene practices.
- North America represents the largest regional market for antibiotic resistance, with one-fourth global market share.
- Key players are focused on strengthening their clinical pipelines with new discoveries of antibiotics and combination therapies.
- The COVID-19 outbreak moderately affected the market. Demand for antibiotics during lockdowns was low as the sole focus was attending COVID-19 patients.
- Demand for antibiotics in Asia Pacific countries, especially India and China, is unmatched. Antibiotic usage in overwhelming in these countries, leading to increased rates of antibiotic resistance, expected to expand at CAGRs above 5% through 2031.
- The U.S. market holds a major share accounting more than 90% of the total North America market.
“Emergence of multi-drug-resistant bacteria due to excess consumption of antibiotics is anticipated to accelerate antibiotic resistance market growth,” says an analyst of Persistence Market Research.
Access Full Report @ https://www.persistencemarketresearch.com/checkout/27895
Strategic Partnerships and Funding by Key Players Aiding Market Expansion
Prominent leaders in the antibiotics industry have pledged to fund a significant amount to bolster the research & development of new antibiotics.
- For instance, Pfizer has assured to invest US$ 100 Mn in R&D of novel antibiotic discovery. This investment will go into its Antimicrobial Resistance (AMR) Action Fund.
- Novartis partnered with over 20 prominent pharmaceutical companies to tackle antibiotic resistance by contributing to the Antimicrobial Resistance (AMR) Action Fund.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the antibiotic resistance market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031, on the basis of drug class (beta lactam antibiotic, cephalosporin, quinolones antibiotics, macrolide antibiotics, tetracycline, oxazolidinones and others), by pathogen, (staphylococcus aureus, streptococcus pneumonia, neisseria gonorrhoeae, enterococcus faecium, escherichia coli, klebsiella pneumonia, shigella, clostridium difficile, and others), disease (community acquired bacterial pneumonia (CABP), hospital acquired bacterial pneumonia/ ventilator (HABP/VABP), complicated urinary tract infections (CUTI), complicated intra-abdominal infections (CIAI), blood stream infections (BSI), abdominal infection and diarrhoea [clostridium difficile infections (CDI) & shigella], acute bacterial skin and skin structure infections (ABSSSI), and drug resistant gonorrhoeae), mechanism of action (Cell wall synthesis inhibitors, protein synthesis inhibitors, DNA synthesis inhibitors, RNA synthesis inhibitors and others), and distribution channel (hospitals pharmacies, retail pharmacies, and online pharmacies), across seven key regions of the world.
Explore Extensive Coverage of Persistence Market Research’s Healthcare Industry
Related Reports:
Surgical Hemostat Internal Tissue Sealant Adhesion Barrier Market:
The global surgical hemostats, internal tissue sealants and adhesion barriers market is expected to expand at a CAGR of 8.9% during the forecast period 2017–2025, crossing a value beyond US$ 6.2 Bn by 2025 end.
Alcohol Breathalyzer Drug Testing Equipment Market:
According to this report, the global alcohol breathalyzer and drug testing equipment market will expand at a CAGR of 6.9% during the forecast period, 2017–2026.
Hearing Aids Market:
As per the report by Persistence Market Research (PMR), the global hearing aids market is likely to see a sluggish growth during 2017-2024. The global market for hearing aids is estimated to surpass US$ 10,000 Million revenue by 2024 end.
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com