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The antibiotics and antimycotics market size is projected to reach US$ 91,546.07 million by 2031 from US$ 61,207.98 million in 2023. The market is expected to register a CAGR of 5.2% during 2023–2031. Technological advancements in product development and treatment delivery approaches are likely to bring new trends in the antibiotics and antimycotics market in the coming years.
Antibiotics and Antimycotics Market Analysis
Factors driving the antibiotics and antimycotics market include the increasing prevalence of infectious diseases caused by bacteria and fungi, and the growing awareness about fungal infections. Surging strategic initiatives such as product launches and approvals, coupled with initiatives by various government and public organizations, are expected to drive the market growth in the future. Moreover, ongoing funding and research & development initiatives are expected to benefit the market progress in the coming years.
Antibiotics and Antimycotics Market Overview
North America dominates the antibiotics and antimycotics market. Asia Pacific is anticipated to register a significant growth rate in the coming years owing to the increasing prevalence of bacterial and fungal infections such as pneumonia, urinary tract infections (UTIs), sexually transmitted diseases, and skin infections in the region. In addition, strategic initiatives such as product launches, product approvals, and developments by the market players are likely to offer lucrative opportunities for the market growth in the coming years.
China is experiencing a surging prevalence of fungal and bacterial infections such as UTI, pneumonia, and respiratory infections, which, in turn, is generating the demand for antibiotics and antimycotics for the treatment and management of such conditions. According to the Epidemiology & Infection Journal , in 2023, ~21.1 million people suffer from community-acquired pneumonia (CAP) every year in China. Furthermore, various pathogens, including bacterial, fungal, and viral, account for 80% of acute respiratory infections among children. A few of the commonly used antibiotics in the country are penicillins, fluoroquinolones, cephalosporins, and nitroimidazoles.
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Antibiotics and Antimycotics Market: Strategic Insights
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Antibiotics and Antimycotics Market: Strategic Insights
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Antibiotics and Antimycotics Market Drivers and Opportunities
Increasing Prevalence of Infectious Diseases Drives Market Growth
Infectious diseases are caused by bacteria, viruses, parasites, fungi, and toxic substances. As per ReAct Group 2022 report, 77 million death cases reported across the world, i.e., 13.6% of total deaths, were linked to bacterial infection, excluding tuberculosis. According to the World Health Organization (WHO), tuberculosis (TB) ranks 13th among the most common causes of death and 2nd among the most frequent infectious diseases, after COVID-19, globally. As per WHO data, 1.3 million people (including 214,000 people affected by HIV) succumbed to TB in 2022. Its estimations also state that 10.6 million people in the world had TB in 2022, including 1.3 million children, 3.5 million women, and 5.8 million men. 30 countries with high TB burdens accounted for 86–90% of new TB cases that year. Eight countries comprised two-thirds of the total, with India leading the way, followed by the Philippines, China, Indonesia, Pakistan, Nigeria, Bangladesh, and South Africa. Rifampin, isoniazid, pyrazinamide, and ethambutol are the prominent antibiotics approved by the US FDA for the treatment of Mycobacterium tuberculosis infections.
Moreover, increasing fungal infections are one of the major concerns among large populations globally. According to the Global Action Fund for Fungal Infections (GAFFI) 2024, every year, more than 80 million people are at high risk of developing fungal disease, and approximately 6.55 million patients develop life-threatening fungal infections annually, of which 3.75 million people die. Azoles and Amphotericin B are a few of the common antimycotics used for the treatment of fungal infections globally. Thus, the rising prevalence of various bacteria and fungi-associated infectious diseases across the world creates a significant need for antibiotics and antimycotics.
Ongoing Funding and Research & Development Initiatives Generate Growth Opportunities
Companies in the antibiotics and antimycotics market are making continuous efforts to develop new products or update the existing ones, and to raise funds for drug development and clinical studies. Initiatives and support from private and government organizations also drive evolution in antibiotics and antimycotics. A few of the recent developments that took place in the market in recent years are mentioned below.
- In September 2024, F2G, a UK-based biopharmaceutical company, completed a US$ 100-million financing round to conduct the late-stage development and commercialization of olorofim, a novel oral antifungal therapy for invasive aspergillosis and other invasive fungal infections.
- In June 2024, the Global Antibiotic Research & Development Partnership (GARDP) and Bugworks Research Inc (Bugworks) signed a collaborative agreement for jointly developing an innovative compound termed BWC0977. This candidate exhibits a broad-spectrum antibiotic activity against multidrug-resistant bacteria responsible for life-threatening infections.
- In June 2023, BioVersys became the first European company to receive funding for its clinical trials through the AMR Action Fund. This fund operates as the world's second-largest foundation that aims to promote medical research; it is expected to support the launch of 2–4 antimicrobials to combat resistance in bacteria by 2030.
- In October 2022, CARB-X launched new funding rounds with the goal to focus on critical global health needs in the form of preventatives, diagnostics, and therapeutics that address neonatal sepsis, gonorrhea, and infections caused by antimicrobial-resistant bacteria.
Therefore, the ongoing funding, and research and development initiatives by companies and academic organizations are expected to create ample opportunities for the growth of the antibiotics and antimycotics market in the coming years.
Antibiotics and Antimycotics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the antibiotics and antimycotics market analysis are drug class, indication, route of administration, and distribution channel.
- Based on drug class, the antibiotics and antimycotics market is categorized into penicillins, cephalosporins, carbapenems, macrolides, aminoglycosides, quinolones, sulfonamides, tetracyclines, azoles, and others. The penicillins segment held the largest share of the market in 2023, and cephalosporins segment is expected to register the highest CAGR in the market during 2023–2031.
- By indication, the antibiotics and antimycotics market is segmented into skin infections, respiratory infections, urinary tract infections, septicemia, ear infections, gastrointestinal infections, and others. The skin infections segment accounted for the largest share of the market in 2023. The respiratory infections segment is projected to register the highest CAGR in the market during 2023–2031.
- By route of administration, the antibiotics and antimycotics market is segmented into oral, topical, and others. The oral segment accounted for the largest share of the market in 2023. The others segment is projected to register the highest CAGR in the market during 2023–2031.
- In terms of distribution channel, the antibiotics and antimycotics market is segmented into hospital pharmacies, retail pharmacies and drug stores, and online pharmacies. The hospital pharmacies segment dominated the market in 2023, and the online pharmacies segment is anticipated to register the highest CAGR during 2023–2031.
Antibiotics and Antimycotics Market Share Analysis by Geography
The geographic scope of the antibiotics and antimycotics market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. North America held a significant share of the market in 2023. The growth of the market in this region is attributed to the rising prevalence of bacterial and fungal infections, and the availability of developed healthcare infrastructure and various antibiotics and antimycotics for treatments. Additionally, the rise in product launches, approvals, and other strategic initiatives by major players is expected to create opportunities for the market growth during the forecast period. The US antibiotics and antimycotics market growth is driven by the increasing prevalence of fungal and bacterial infections, resulting in the evident need for effective treatment options. Pneumonia is the most common respiratory infection in the US. According to Verywell Health Journal 2024 report, every year, ~1.5 million adults in the US are diagnosed with pneumonia; around 1 million of these are admitted to hospitals, while 50,000 people die due to the condition or related complications. Amoxicillin and azithromycin are the most commonly used antibiotics prescribed in the US in outpatient settings for the treatment of bacterial infections. In addition, with ongoing advancements in pharmaceutical research and technology, the development of new antibiotics and antifungal agents has gained momentum, responding to the growing concerns about antibiotic resistance and the need for innovative therapies.
Antibiotics and Antimycotics Market Report Scope
Antibiotics and Antimycotics Market News and Recent Developments
The antibiotics and antimycotics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the antibiotics and antimycotics market are listed below:
- Pfizer Inc. received the European Commission (EC) marketing authorization for EMBLAVEO (aztreonam-avibactam) for the treatment of adult patients with complicated intra-abdominal infections, hospital-acquired pneumonia, and complicated urinary tract infections. It is also indicated for the treatment of infections due to aerobic Gram-negative organisms in adult patients with limited treatment options. EMBLAVEO is the first β-lactam/β-lactamase inhibitor antibiotic combination approved in the European Union. (Source: Pfizer Inc, Company Website, April 2024)
- Orchid Pharma introduced its new Cefepime-Enmetazobactam drug, which has been approved for the treatment of complicated UTIs, hospital-acquired pneumonia, and ventilator-associated pneumonia indications. In a landmark collaboration, Orchid Pharma partnered with Cipla Limited to ensure widespread and rapid distribution of this breakthrough antibiotic combination across India. (Source: Cipla Ltd, Company Website, June 2024)
Antibiotics and Antimycotics Market Report Coverage and Deliverables
The "Antibiotics and Antimycotics Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Antibiotics and antimycotics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Antibiotics and antimycotics market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Antibiotics and antimycotics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the antibiotics and antimycotics market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
North America dominated the antibiotics and antimycotics market in 2023.
Pfizer Inc, Novartis AG, Sanofi SA, F. Hoffmann-La Roche Ltd, Merck & Co Inc, GSK Plc, Johnson & Johnson, Cipla Ltd, Bayer AG, AbbVie Inc, and Astellas Pharma Inc. are among the key players operating in the antibiotics and antimycotics market.
The increasing prevalence of infectious diseases and growing awareness about fungal infections are the common factors fueling the market growth.
The antibiotics and antimycotics market is estimated to register a CAGR of 5.2% during the forecast period.
The antibiotics and antimycotics market value is estimated to reach US$ 91,546.07 million by 2031.
The List of Companies - Antibiotics and Antimycotics Market
- Pfizer Inc
- Novartis AG
- Sanofi SA
- F. Hoffmann-La Roche Ltd
- Merck & Co Inc
- GSK Plc
- Johnson & Johnson
- Cipla Ltd
- Bayer AG
- AbbVie Inc
- Astellas Pharma Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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