Overview
The growing prevalence of infectious diseases, government initiatives, rising consumption, research grant efforts, favorable reimbursement policies, and market dynamics such as product launches, approvals, partnerships, acquisitions, alliances, and expansions are expected to drive growth in the global antibiotics market during the forecast period.
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Market Growth Trends
New Product Developments Drive the Growth of the Antibiotics Market
New product developments are anticipated to significantly enhance growth in the global antibiotic market during the forecast period. For example, scientists have utilized artificial intelligence (AI) to discover a novel antibiotic capable of combating a deadly superbug species. The AI was able to narrow down thousands of potential chemicals to a select few suitable for laboratory testing. This research led to the discovery of a potent experimental antibiotic named abaucin, which will require further testing before it can be used.
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Market is Segmented
by Drug Class: Penicillin, Cephalosporin, Fluoroquinolones, Carbapenem, Macrolides, Sulfonamides, Aminoglycosides, and others
By Spectrum: Narrow-spectrum Antibiotics, Broad-spectrum Antibiotics
by Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
• GlaxoSmithKline PLC
• Johnson & Johnson Inc.
• Merck & Co. Inc.
• Pfizer Inc.
• Bayer Healthcare AG
• Novartis AG
• Sanofi SA
• Abbott Laboratories
• F. Hoffmann-La Roche AG
• Otsuka Pharmaceutical Co. Ltd
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