Global Antibacterial Drugs Market Worth $44.54bn in 2021

Tuesday 9 May 2017, Amsterdam

This new report, now available on ASDReports, Global Antibacterial Drugs Market 2017-2027: Cephalosporins, Penicillins, Fluoroquinolones, Macrolides, Carbapenems and Others indicates that the global antibacterial drugs market will see $44.54bn in spending in 2021.

The global antibacterial drugs market is expected to grow at a CAGR of 1.3% in the first half of the forecast period and a CAGR of 3.1% in the second half of the forecast period. The market is estimated at $41.76bn in 2016 and $44.54bn in 2021.

The lead analyst of the report said: “The growth of the antibacterial drugs market has been relatively stagnant due to generic erosion, lack of new antibacterial drugs entering the market and rising prevalence of treatment-resistant bacteria. Initiatives to regulate the consumption of antibacterial drugs in several national markets, though necessary, have also hampered the growth of this market.

Current leading drugs will lose patent exclusivity from 2016 to 2027 thus opening opportunities for generics which will lead to a drop in market value. The uptake of new drugs launched within the second half of the forecast period however will stimulate that revenue growth. The overall antibacterial drug market is expected to grow with a CAGR of 2.3% from 2021-2027.”