Antibiotics Market, By Products (Cephalosporins, Penicillins, Fluroquinilones, Macrolides, Carbapenems, Sulfonamides, Aminoglycosides, and Other Products), By Spectrum (Broad-Spectrum Antibiotics and Narrow-Spectrum Antibiotics), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Antibiotics are medicines that fight bacterial infections in people and animals. These drugs help destroy or slow down the growth of bacteria. Antibiotics either kill bacteria or stop them from reproducing, allowing the body to eliminate pathogens. When used properly, antibiotics can save lives. Thus, there is an increase in demand for antibiotics worldwide.
Market Dynamics:
Rising prevalence of bacterial infections, high consumption of antibiotics, need for effective and newer antibiotics, growing geriatric population, and favorable government initiatives are major factors expected to aid in the growth of the global antibiotics market. For instance, in March 2019, Global Antibiotic Research and Development Partnership (GARDP) announced a public-private partnership with Evotec AG for the development of first-in-class antibiotics for treating drug-resistant bacterial infections.
Moreover, in August 2019, the U.S. Food and Drug Administration (FDA) approved Xenleta (lefamulin), a new antibiotic to treat adults with community-acquired bacterial pneumonia. The new antibiotic provides another option for the treatment of patients with community-acquired bacterial pneumonia, a serious disease
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