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Antibiotics Market- A Platform for Innumerable Lucrative Opportunities

Antibiotics Market

As per a study conducted in 2019, bacterial infection was the cause of 7.7 million deaths around the world, making it the second largest cause of death globally.

Bacteria can cause a multitude of infections, depending on how one is exposed and what part of the body it infects. Any person can get sick by coming in contact with harmful bacteria and getting it in their skin, gut (GI tract), lungs, heart, brain, blood, or anywhere else in their body.  It can come from the environment, an infected person or animal, a bug bite, or something contaminated (like food, water, or surfaces) and can cause bacterial growth or poisons (toxins) in the body and lead to mild to major infections. The common types of bacterial infections are listed below-

I did not invent penicillin. Nature did that. I only discovered it by accident.” Alexander Fleming

Thanks to Sir Alexander Fleming for discovering the world’s first antibiotic, or bacteria killer called penicillin. A few years later, Selman Abraham Waksman, an American scientist, and microbiologist, often called the ‘Father of Antibiotics’ discovered a number of antibiotics that have been saving millions of lives. One of his discoveries was streptomycin, the first antibiotic to treat tuberculosis.

Antibiotics are drugs that either kill bacteria or stop them from multiplying and hence are prescribed to treat bacterial infections. Each antibiotic can effectively treat only a specific type of bacteria.

The Different Classes of antibiotics include the following:

Combinations of Antibiotics

In certain infections, there can be a developed resistance to a single antibiotic. Moreover, at times in case of severe infections or when an infection is caused due to more than one variant of bacteria, a combination of antibiotics needs to be prescribed to treat it.

Antibiotics Market Research Synopsis

Antibiotics Market Analysis

The Current and Estimated Market Size-

The antibiotics market size has been valued at approximately USD 43 billion in 2022 and is estimated to reach USD 60 billion by 2035 growing at a CAGR of 8%.

Trends positively impacting the market growth are-

Trends negatively impacting the market growth are-

Global Chronic Disease Management Market Regional Analysis

The prominent players in the antibiotics market are-

The major companies operating in the market are F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Bristol-Myers Squibb Company, Teva Pharmaceuticals Industries Ltd., Pfizer Inc., Abbott Laboratories, Merck & Co., Inc., Lupin Limited, Melinta Therapeutics, LLC, Bayer AG, and others.

Conclusion

Although antibiotics are significant and effective to treat bacterial infections, excessive and arbitrary use of them is causing more harm than good. It calls for antibiotic-use management and effective ways to prevent antimicrobial resistance (AMR). As per the WHO, it has been estimated that in the absence of any strong measures or action to stop its spread, AMR could lead to 10 million deaths per year by 2050.  Not only this, it has been evaluated that around  3.5 billion US dollars will be spent annually in Europe, North America, and Australia on average due to AMR. Hence, the priority is not only to stop the reckless use of antibiotics but also to take sufficient action for managing AMR. A renewed approach to research and innovation and to develop new antibiotics is the call that needs to be taken by market players and investors.

Antibiotics are indispensable and as such, there is a need to preserve their therapeutic effectiveness and slow down the development of resistance.

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