South and Central America Carbapenem-Based Antibiotics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Meropenem, Doripenem, Imipenem, Tebipenem, and Others), Indication (Bacterial Meningitis, Acute Pelvic Infections, Respiratory

South and Central America Carbapenem-Based Antibiotics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Meropenem, Doripenem, Imipenem, Tebipenem, and Others), Indication (Bacterial Meningitis, Acute Pelvic Infections, Respiratory Tract Infections, Intra-Abdominal Infections, Urinary Tract Infections, and Others), and Distribution Channel (Retail Pharmacies, Online Pharmacies, and Hospital Pharmacies)

The South and Central America carbapenem-based antibiotics market is expected to reach US$ 360.29 million by 2028 from US$ 281.43 million in 2021; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.

The market's growth is attributed to factors such as rising prevalence of bacterial infections and increasing development of generic drugs. However, the tedious and expensive process for the development of antibiotics is expected to restrain the market's growth during the forecast years.

Gram-negative bacterial infections, such as urinary tract infection (UTI), pneumonia, bloodstream infections, wound or surgical site infections, and meningitis, are commonly acquired by patients during their hospital stays. These infections are generally known as hospital-acquired infections (HAI). Infections such as UTIs and pneumonia are common in patients admitted to intensive care units. According to the US National Healthcare Safety Network, 30% of HAIs are caused by gram-negative bacteria, ~45% are due to UTIs, and ~47% are by ventilator-associated pneumonia (VAP). The prevalence of infectious diseases caused by gram-negative bacteria is rapidly increasing.

In addition, gram-negative bacterial infections are resistant to multiple drugs and have developed better resistance to available antibiotics. Antimicrobial resistance (AMR) has become a global threat to modern medicine. Therefore, constant monitoring of emerging trends is required for the clinical isolates. A group of researchers in Latvia, Europe, has studied the progression of AMR for different gram-negative bacteria. As per the research article published by them in the MDPI journal in June 2021, carbapenem-based antibiotics such as Meropenem and Ertapenem were the most effective against gram-negative bacteria, showing 3% and 5.4% resistance rates, respectively. These antibiotics are globally accepted as a treatment for gram-negative bacteria. Therefore, it is estimated that the high demand for carbapenem-based antibiotics is likely to continue in the coming years.

According to the Centers for Disease Control and Prevention (CDC), the COVID-19 pandemic led to the rise in HAI cases in 2020. Hospital admissions have grown globally, which has increased the risk of VAP as a secondary infection for COVID-19 patients. This has resulted in fueled demand for carbapenem-based antibiotics, which is aiding the market significantly.South and Central America Carbapenem-Based Antibiotics Market Revenue and Forecast to 2028 (US$ million)

SOUTH AND CENTRAL AMERICA CARBAPENEM-BASED ANTIBIOTICS MARKET SEGMENTATION

By Type
Meropenem
Imipenem
Doripenem
Tebipenem
Others By Indication
Bacterial Meningitis
Acute Pelvic Infections
Respiratory Tract Infections
Intra-Abdominal Infections
Urinary Tract Infections
Others By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies By Country
Brazil
Argentina
Rest of South and Central America Company Profiles
ACS Dobfar S.p.A
Gland Pharma Limited
Merck & Co., Inc.
Savior Lifetec
Pfizer Inc.
Spero Therapeutics

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