Antibacterial Drugs Market to Reach US$ 62 Billion by 2031 | Fact.MR Report

Rockville , June 22, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the antibacterial drugs market is expected to witness a CAGR of 2.6% during the forecast period and is predicted to reach a valuation of US$ 62 Billion by 2031-end.

The market for antibacterial medications is expanding significantly, but commercial prospects are being further hampered by the relatively small drug pipeline. Yet, it is anticipated that the development of branded medications would increase as a result of the diligent efforts made by the governments of many nations, particularly in Europe and North America.

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By purchasing their medications directly from producers and authorised resellers, e-pharmacies guarantee a genuine medicine supply. Patients increasingly rely on online pharmacies since e-retailers adhere to government rules. The market will increase at a healthy rate due to the emergence of this new revenue stream.

Key Companies Profiled in This Report

• Bayer AG
• Pfizer Inc.
• Sanofi
• GlaxoSmithKline plc.
• Merck & Co., Inc.
• AstraZeneca
• Johnson & Johnson Services Inc.
• Bristol-Myers Squibb Company
• Novartis AG
• Allergan Plc.

Key Driving Forces Accelerating the Market Growth

The antibacterial Drugs market is driven by several factors that have contributed to its growth and increasing demand. Some of the key market drivers for the antibacterial drugs include:

• The rise in antibiotic-resistant infections, such as methicillin-resistant Staphylococcus aureus (MRSA) and carbapenem-resistant Enterobacteriaceae (CRE), is a major driving force for the antibacterial drugs market. As traditional antibiotics become less effective against these resistant strains, there is a growing need for new and more potent antibacterial drugs.
  • Moreover, North America is expected to dominate the global market during the forecast period due to the highly structured healthcare industry and increasing prevalence of infectious diseases.
• The global burden of infectious diseases, including bacterial infections, continues to increase. Factors such as population growth, urbanization, travel, and inadequate healthcare infrastructure in certain regions contribute to the spread of infectious diseases. This drives the demand for effective antibacterial drugs to treat and manage these infections.
• Advances in drug discovery and development, including genomics, proteomics, and high-throughput screening, have enabled the identification of novel antibacterial drug targets and compounds. These technological advancements facilitate the development of more effective and targeted antibacterial drugs, driving market growth.
• Governments and regulatory bodies worldwide are recognizing the urgent need to address antibiotic resistance and combat infectious diseases. They are implementing initiatives to promote research and development of new antibacterial drugs, providing funding and incentives to pharmaceutical companies.
  

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Vital Indicators Shaping The Future Of The Industry

• Monitoring and understanding antibiotic resistance rates is crucial in shaping the future of the antibacterial drugs industry. Rising rates of antibiotic resistance highlight the need for new and innovative antibacterial drugs that can effectively combat resistant bacteria. Tracking resistance patterns and identifying emerging resistance mechanisms guide research and development efforts in the industry.
• The regulatory landscape plays a vital role in shaping the future of the antibacterial drugs industry. Regulatory agencies set guidelines and requirements for the development, approval, and marketing of antibacterial drugs. Changes in regulations, such as expedited pathways for approval or incentives for research and development, can impact the industry's direction and investment decisions.
• Investments in research and development (R&D) are key indicators of the industry's future. Pharmaceutical companies, academic institutions, and government organizations invest in R&D to discover and develop new antibacterial drugs. The level of R&D investment reflects the industry's commitment to addressing the challenges of antibiotic resistance and developing novel treatment options.
• Technological advancements, such as genomics, computational biology, and high-throughput screening, have a significant impact on the future of the antibacterial drugs industry. These advances enable the identification of new drug targets, drug discovery methods, and personalized medicine approaches.

Challenges Hindering The Market Growth

• The market for antibacterial drugs is saturated with numerous existing antibiotics, leading to intense competition. Generic versions of antibiotics are widely available, resulting in price pressures and reduced profit margins for manufacturers.
• Antibacterial drugs are often prescribed for short durations to treat acute bacterial infections. This limited treatment duration restricts the revenue potential compared to chronic disease treatments, which typically require long-term medication.
• Many of the existing antibacterial drugs belong to well-established classes with similar mechanisms of action. The discovery and development of antibiotics with novel mechanisms of action are challenging. The lack of new classes of antibiotics hinders market growth, as it limits the options available for treating emerging resistant bacteria.
  

Strategies For Manufacturers/Suppliers To Scale In The Market

• Key companies should invest in research and development to develop new and innovative antibacterial drugs. They should focus on addressing unmet medical needs, targeting drug-resistant bacteria, and improving treatment outcomes.
  • In September 2021, two leading companies, Myovant Sciences and Pfizer Inc. had announced that US FDA accepted the review of a supplemental New Drug Application for MYFEMBREE for the management of moderate to severe pain related to endometriosis.
• Besides this, companies should ensure compliance with regulatory requirements and guidelines specific to antibacterial drugs. They should stay updated with the latest regulations and standards to expedite the approval process and mitigate delays.
  

Key Segments Covered in This Report

• By Drug Class :
  • β-lactam
  • Quinolone
  • Macrolide
  • Tetracycline
  • Aminoglycoside
  • Sulfonamide
  • Phenicols
  • Other
• By Route of Administration :
  • Enteral
  • Parenteral
  • Other
• By Distribution Channel :
  • Hospital Pharmacies
  • Drug Stores and Retail Pharmacies
  • Online Antibacterial Drug Sales
• By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa
    

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