Global Antibacterial Drugs Market: Snapshot
Antibacterial drugs are the chemical substances which are derived from bacterium to cure bacterial infections. The global antibacterial drugs market is driven by the rapidly growing antibacterial resistance and demand for new broad spectrum agents. The same market is likely to face two challenges such as deficiency of return on investment and expiry of patented drugs. The global antibacterial drugs market also exhibits a robust pipeline and market penetration of generic drugs. This market identifies opportunities in Spanish market through investments by the major players. Additionally, an economic growth in Latin America would bring a positive impact on the global antibacterial drugs market.
Enteral Segment Held Lead among Routes of Administration
In terms of routes of administration, the global antibacterial drugs market has been segmented into enteral, parenteral and others. The enteral segment is expected to witness the largest market share in 2016 and is expected to grow by a remarkable rate during the forecast period. The parenteral segment claimed the second largest market shared in 2016 although it is estimated that the market share of parenteral segment will decline during the forecast period, owning to a global trend of switching over parenteral route of administration to enteral route. The others segment (such as topical, inhalation) is expected to claim the least market share in 2016 although the market share is estimated to rise during the forecast period, due to increasing number of skin infections, conjunctivitis, inflammation in the middle ear etc.
Retail Stores and Drugs Stores Exhibit High Demand for Antibacterial Drugs
The global antibacterial drugs market has been further segmented into hospital pharmacies, drug stores and retail pharmacies and online sales, in terms of distribution channel. The retail stores and drug stores segment is anticipated to experience the largest market share in 2016 and this segment will grow by a significant rate during the forecast period, due to the increasing number of retail drugs stores, and the availability of antibacterial drugs through retail pharmacies and drugs stores. The hospital pharmacies segment is estimated to encounter the second largest market share in 2016 although the market share will decline during the forecast period, owing to the worldwide trend of hospital consolidations. The online sales segment is expected to face the least market share in 2016, although it will grow by a significant rate during the forecast period, owing to the global emerging trend of e-pharmacy.
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North America Emerged as Leading Contributor but Europe to Report Higher Growth
Geographically, the global antibacterial drugs market is categorized into five regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The North America region is the leading contributor to the global antibacterial drugs market and will grow by a significant rate during the forecast period, due to the high infections rate, high diagnosis and treatment rate. Compared to the North America region, the Europe will grow by much faster rate during the forecast period, owing to the continuous inventions of antibacterial drugs in Europe. The Asia Pacific region is expected to claim the third largest share and this region will grow by the fastest rate among five regions, because of the huge patient pool and growing number of infected cases. The tendency of self-medications of antibacterial drugs is currently exhibited in Middle East and Africa and Latin America region.
Prominent key players are Bayer AG, Pfizer Inc., Sanofi, GlaxoSmithKline Plc. (GSK), Merck & Co., Inc., AstraZeneca, Johnson and Johnson, Bristol Myers Squibb Company, Novartis Ag, and Allergen Plc. In August 2016, Pfizer entered into an agreement with AstraZeneca to acquire the development and commercialization rights to its late-stage small molecule anti-infective business, primarily outside the U.S. GlaxoSmithKline Plc. acquired GlycoVaxyn AG, a specialist vaccine biopharmaceutical company. The acquisition will allow GlaxoSmithKline Plc. to share the innovative biological platform technology used for the development of therapeutic vaccines in treating bacterial infections in January 2015.