Market Research Future (MRFR) has published on the “Antimicrobial Therapeutics Market”
Antimicrobial Therapeutics Market Highlights
The global Antimicrobial Therapeutics market is accounted to register a CAGR of 5.30% during the forecast period and is estimated to reach USD 152.2 Billion by 2032.
The pharmaceutical industry's success is largely attributed to recent drug approvals, a robust pipeline, government agency activities, and expanding awareness of microbial diseases. These factors are the main market drivers boosting market growth. The market is primarily driven by favorable regulatory policies and the rising occurrence of infectious diseases. Furthermore, it is projected that an increase in infections with antibiotic resistance spurred on by misuse or overuse of antibiotics will alter prescription trends for cutting-edge drugs to treat bacterial infections.
Key Players
MRFR recognizes the following companies as the key players in the global Antimicrobial Therapeutics market— AbbVie Inc., Astellas Pharma Inc., Bavarian Nordic AS, Biocidium Biopharmaceuticals Inc., Bristol Myers Squibb Co., Cadila Pharmaceuticals Ltd., CSL Ltd., Emergent BioSolutions Inc., F. Hoffmann La Roche Ltd., Gilead Sciences Inc., GlaxoSmithKline Plc, Inovio, Pharmaceuticals Inc., Johnson and Johnson Services Inc., Merck and Co. Inc., Mitsubishi Tanabe Pharma Corp., Novartis AG, Novavax Inc., Pfizer Inc., Sanofi SA, and Wockhardt Ltd.
Segment Analysis
The global antimicrobial therapeutics market has been segmented based application, end user.
On the basis of application, the market is segmented into antiviral, antibacterial, antifungal, and antiparasitic. The antiviral segment was attributed to holding the largest market share in 2022. The increasing incidence of viral infections including the flu, hepatitis, COVID-19, and HIV/AIDS is fueling the segment's expansion.
Based on end user, the global antimicrobial therapeutics market has been segmented into pharmacies, hospitals and clinics, and research and academic institutes. The pharmacies category had a greater market share in 2022 due to its increased availability at pharmacy stores.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Antimicrobial Therapeutics Market Research Report
Regional Analysis
The global Antimicrobial Therapeutics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Antimicrobial Therapeutics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Antimicrobial Therapeutics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Antimicrobial Therapeutics market comprises of Middle East, Africa, and Latin America.
The largest market share for Antimicrobial Therapeutics was maintained by the North American regional sector. Both the regulatory environment and the healthcare infrastructure in these markets are highly developed. The rise of infectious diseases and increased government healthcare spending are two major factors driving the North American industry.
Moreover, the Europe market has been persistently growing over the forecast period. The rapid development of the healthcare infrastructure in a number of European countries, the rising investment in research and development activities, and the rising number of hospitals in the region are the main factors affecting demand for these pharmaceuticals in the European market.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. This can be seen in the rising use of antibiotics, growth in infectious diseases, and rise in government initiatives to develop novel treatments to treat infections with drug resistance.
Furthermore, the rest of the world's Antimicrobial Therapeutics market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of electric vehicles and hydrogen production research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Antimicrobial Therapeutics market is expected to reach USD 152.2 Billion by 2032, at a CAGR of 5.30% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the rising use of antibiotics, growth in infectious diseases, and rise in government initiatives to develop novel treatments to treat infections with drug resistance
- Based on end user, the pharmaceutical segment was attributed to holding the largest market in 2022, with an approximate market share of 51.21%.
- AbbVie Inc., Astellas Pharma Inc., Bavarian Nordic AS, Biocidium Biopharmaceuticals Inc., Bristol Myers Squibb Co., Cadila Pharmaceuticals Ltd., CSL Ltd., Emergent BioSolutions Inc., F. Hoffmann La Roche Ltd., Gilead Sciences Inc., GlaxoSmithKline Plc, Inovio, Pharmaceuticals Inc., Johnson and Johnson Services Inc., Merck and Co. Inc., Mitsubishi Tanabe Pharma Corp., Novartis AG, Novavax Inc., Pfizer Inc., Sanofi SA, and Wockhardt Ltd.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.