Antibiotics Market Is Set To Experience Revolutionary Growth Till 2025
The development of new approaches for new antibiotics to treat bacterial infections and the increase in the number of clinical trials are complementing the growth of the antibiotics market.
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A variety of antibiotics such as penicillins, cephalosporins, carbapenems and monobactams are available in pharmacies and hospitals and are used to treat infectious diseases. Antibiotics are drugs used to treat or prevent bacterial infections, called bactericidal and bacteriostatic antibiotics, respectively. Antibiotics market is expected to grow significantly during the forecast period due to increase in demand for new generation antibiotics that address the problem of antibiotic resistance.
According to a report published by Allied Market Research, the global Antibiotics market generated $42,335 million in 2017 and is projected to reach $50,374 million by 2025, growing at a CAGR of 2.1% from 2018 to 2025. There are more than three classes of beta-lactam and beta-lactamase inhibitors in total market share in 2017.
Asia-Pacific is expected to dominate throughout the forecast period due to increasing usage of antibiotics, their easy availability and growth in sales of over-the-counter drugs. However, LAMEA is expected to experience the highest growth rate during the forecast period, mainly due to the lack of restrictions on antibiotic use in the region.