Asia Pacific Antibiotics Market Developments and Forecast by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Asia Pacific Antibiotics Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Drug Class (Sulfonamides, Aminoglycosides, Carbapenem, Macrolides, Fluoroquinolones, Penicillin, Cephalosporin, Others); Action Mechanism (Mycolic Acid Inhibitors, RNA Synthesis Inhibitors, DNA Synthesis Inhibitors, Protein Synthesis Inhibitors, Cell Wall Synthesis Inhibitors); and Country
- Report Date : Jun 2020
- Report Code : TIPRE00011393
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 123
The Asia Pacific antibiotics market is expected to reach US$ 15,784.01 millionby2027 from US$ 11,591.97 millionin 2019. The market is estimated to grow with a CAGR of 4.2% from 2020 to 2027.
The growth of the market is driven by factors such as prevalence of infectious diseases and consolidated government initiatives in emerging economies in the Asia Pacific region. However, tedious and expensive process of antibiotic development and the COVID-19 pandemic are likely to restrain the Asia Pacific Antibiotics market growth to a certain extent.
Antibiotics refer to a class of medicines containing substances that are active against bacteria. These medicines either kill the bacteria or control the infection by inhibiting the bacterial reproduction, which in turn helps patient to recover. Antibiotics are specific to the type of bacteria being treated and are not able to be interchanged from one infection to another.
Due to increasing antimicrobial resistance and bacterial infection, there has been rise in efficient and integrated government programs to combat the threat, one of the strategies is One Health approach which provides a coordinated, collaborative, multidisciplinary and cross-sectoral approach in the development of health strategies for people, animals, and the environment. Another boost to the antibiotics market will be the National Health Protection Scheme under Ayushman Bharat, launched in September 2018. Pharma Vision 2020 by the government’s Department of Pharmaceuticals aims to make India a major hub for end-to-end drug discovery which will majorly drive the market in Asia Pacific. India came up with its National Action Plan on Antimicrobial Resistance (2017-21) in April 2017.
Nevertheless, India’s generics market has immense potential for growth. Indian pharmaceutical companies received record 300 generic drug approvals in USA during 2017. Thus, the above factors are likely to drive the growth of antibiotic market duringthe forecast period.
Considering the geographic and economic operations between Asian countries and China, the countries are expected to witness challenge of COVID-19. Domestic startups backed by international funding have already started witnessing back out from investors putting the development of the products in jeopardy. Additionally, the shift from antibiotics clinical trials to COVID-19trails is expected to have negative impact on the introduction of new antibiotics in the market. Such events are potentially projected to have negative impact on growth of antibiotics market in the region.
Rest of Asia PacificAntibiotics Market Revenue and Forecasts to 2027 (US$Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
ASIA PACIFICANTIBIOTICS MARKET SEGMENTATION
By Drug Class
- Cephalosporin
- Penicillin
- Fluoroquinolones
- Macrolides
- Carbapenem
- Aminoglycosides
- Sulfonamides
- Others
By Action Mechanism
- Cell Wall Synthesis Inhibitors
- Protein Synthesis Inhibitors
- DNA Synthesis Inhibitors
- RNA Synthesis Inhibitors
- Mycolic Acid Inhibitors
- Others
By Country
- China
- Japan
- India
- South Korea
- Australia
Companies Mentioned
- GlaxoSmithKline plc
- Sanofi
- Novartis AG
- Astellas Pharma Inc
- Pfizer Inc
Asia Pacific Antibiotics Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 11,591.97 Million |
| Market Size by 2027 | US$ 15,784.01 Million |
| Global CAGR (2020 - 2027) | 4.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Drug Class
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Asia Pacific Antibiotics Market
- GlaxoSmithKline plc
- Sanofi
- Novartis AG
- Astellas Pharma Inc
- Pfizer Inc
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