As per our research report, the global antibiotics market is predicted to grow at a 4.0 percent CAGR from 2021 to 2026, reaching USD 57.4 billion by 2026.
COVID-19 affects people of all ages, with most cases causing mild to severe symptoms. The pandemic is spreading rapidly worldwide, and the death rate is tremendous. Antimicrobial treatment for patients infected with SARS-CoV-2 is uncommon. While the use of antimicrobials has been reported in research, there has been a preliminary assessment of their utility or the risk of their being used inappropriately or indiscriminately, primarily when broad-spectrum antibiotics are used in combination. Despite this, when COVID-19 spread over the world, antibiotic use improved.
The findings are based on estimates that up to 95% of COVID-19 patients are administered antibiotics as part of their treatment. There is concern that such widespread opioid usage could have negative environmental repercussions. However, with the outbreak of COVID-19, there has been growing concern regarding the possibility of an increase in AMR as a result of increased antibiotic prescribing in COVID-19 patients. Azithromycin, quercetin, rapamycin, and doxycycline are among the other antibiotics recommended for COVID-19 therapy. In the treatment of COVID-19, however, a combination of hydroxychloroquine (a chloroquine derivative that is considered an ancient antimalarial medication) and azithromycin was found to be far more effective. Other infections, such as Zika and Zika virus, are also prevented by azithromycin. In addition, antibiotics such as azithromycin, doxycycline, and rapamycin inhibit protein synthesis while reducing inflammation and viral proliferation.
The growth of the worldwide antibiotics market is expected to be driven by the increase in the incidence of infectious diseases year over year and increased government backing.
Other key drivers fuelling the worldwide antibiotics market include Y-O-Y expansion in the frequency of chronic diseases, rising need for new antibiotics, and rising spending in research and development of medications for multi-resistant bacteria. Furthermore, government funding is projected to enhance the development of generic antibiotics, which is expected to accelerate the growth rate of the global antibiotics market.
Pharmaceutical companies’ expanded efforts to develop novel medications to treat infectious diseases are a massive advantage for the growth of the global antibiotics market. The introduction of new antibiotic drugs and key market players’ collaborations with other firms to develop superior antibiotic products are likely to boost the market’s growth rate. The antibiotics market is further favored by the pharmaceutical companies collaborating to create new therapies to reduce pricing pressure and increase government initiatives to find new medications for treating drug-resistant patients. For example, the Global Antibiotic Research and Development Cooperation (GARDP) announced a private partnership with Evotec AG in March 2019 to create first-in-class antibiotics to treat drug-resistant bacterial diseases.
The global demand for antibiotics is driven by increased investment from companies in developing new medications. Antibiotics have grown antibiotic-resistant bacteria and diseases due to haphazard and long-term use in recent decades. Antibiotic-resistant infections such as measles, pneumonia, and gonorrhea have previously been susceptible to antibiotics. However, the antibiotics sector is expected to increase significantly due to the discovery of novel compounds and new hybrid medicines to treat antibiotic-resistant microbial diseases. The advancement is being driven by advances in antibiotic drugs and innovative hybrid treatments for antibiotic-resistant microbial illnesses. One of the other factors expected to drive worldwide antibiotics market expansion is a particular classification by regulatory authorities of several prospective pharmaceutical enterprises.
Antibiotic drug development collaborations are expected to result in the creation of a large number of antibiotic medicines. The global need for antibiotics is being driven by the acquisition and partnership of several enterprises. In addition, the product pipeline is likely to improve due to an expansion in public-private partnerships in which governments provide funding and novel R&D approaches to antibiotic-development businesses. The antibiotics industry has grown exponentially due to an increase in the prevalence of chronic and infectious diseases worldwide, improved antibiotic effectiveness in treating a wide range of bacterial infections such as pneumonia, malaria, and tuberculosis, and a gap in the demand and supply of antibiotics.
The global antibiotics market is under pressure because of strict regulatory restrictions governing the introduction new drugs on the market. In addition, antibiotic drug side effects and a lack of public awareness regarding antibiotic medications are two reasons limiting the antibiotics market’s growth. Nonetheless, several pharmaceutical companies are conducting ongoing scientific research, which will raise the demand for antibiotics in the future.
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KEY MARKET INSIGHTS:
- The medications block bacteria from generating peptidoglycan, a chemical found in the cell wall that gives it the power to survive in the human body. These medications, among others, are predicted to expand at the quickest rate. Many antibiotics function by preventing DNA synthesis and the conversion of DNA to RNA. It is a remarkable discovery since it has the potential to help heal many natural-born diseases that we have been unable to treat. These medications account for the second-largest share of the market.
- Isoniazid and triclosan have been demonstrated to suppress mycolic acid production. In addition, pyrazinamide inhibits fatty acid synthase type I, which provides precursors for fatty acid elongation to long-chain mycolic acids by fatty acid synthase II. Enzymes involved in mycolic acid production are essential for viability and virulence, and they could be used as new therapeutic targets.
- Folic acid aids in the maintenance and regeneration of cells in the body. Antibiotics that block folic acid synthesis and reduce excessive cell growth are currently available on the market. Because there are fewer recognized diseases of this type, these treatments now have the smallest market share, but they will soon overtake others as we find new ailments.
- North America dominates the market for antibiotics because of the high demand and consumption of antibiotics in the region due to the high incidence of infectious diseases and the expanding aging population. It is likely to continue in this trend during the forecast period. According to the CDC’s October 2021 update, approximately 7,174 new cases of tuberculosis (TB) were recorded in the United States in 2020, and the prevalence of TB was highest among Hispanic or Latino people, who accounted for roughly 30% of the total TB cases reported in the country. As a result, the occurrence of new tuberculosis cases in the country is predicted to increase the demand for antibiotics in the region, resulting in the expansion of the analyzed market. Another key issue that will add to the region’s demand for antibiotics is the region’s expanding senior population, which is more susceptible to illnesses.
- Furthermore, due to the high frequency and prevalence of infectious diseases in the country and the widespread availability of antibiotics, the United States is likely to maintain a significant market share in the antibiotics market in North America throughout the projection period. Because of the high prevalence of bacterial infectious diseases in the United States, the country is likely to dominate the North American antibiotics market.
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SEGMENTS COVERED UNDER THIS REPORT:
By Action Mechanism:
- Cell Wall Synthesis Inhibitors
- DNA Synthesis Inhibitors
- Rna Synthesis Inhibitors
- Mycolic Acid Synthesis Inhibitors
- Folic Acid Synthesis Inhibitors
By Drug Class:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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