The global antibiotic market is expected to foresee significant growth over the forecast period on account of rising awareness related to their advantages in Asia Pacific. Product consumption increased by over 36% from 2000 to 2010. The companies which accounted for 76% of this increase were based in China, Brazil, India, Russia and South Africa.
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Consumption of antibiotics in many countries varies significantly. By 2016 the demand for antibiotics is expected to reach over USD 44.68 billion.Two classes of antibiotic drugs including carbapenems (46%) and polymixins (13%) have shown increase in the consumption over the past few years and trend is expected to continue over the forecast period.Over the past few years numerous companies have been engaged in product manufacturing and about 79% of the global demand is covered by the antibiotics such as aminoglycoside. Moreover, there are various present in the market which contribute towards the global market for antibiotics such as tetracylines 4%, penicillin 8%, erythromycin 7%, chloramnphenicol 1% and streptomycin 1%.
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An antibiotic is a type of antimicrobial used to fight bacterial infections and slow down its growth in the body. Global antibiotic market is witnessing immense growth due to the innovation of new products and R&D investments. Antibiotic drug consumption is the leading driver of antibiotic resistance.
Antibiotic resistance and generic competition are the two foremost factors that play a significant role in the growth of industry. One of the major factors for diminishing popularity of antibacterial drugs and the reduction in its demand is antibiotic resistance. Factors such as rising demand for effective antibiotic drug and increasing prevalence of infectious diseases especially in emerging economies including Middle East, Africa, Latin America and Asia-Pacific are significant growth drivers for the product and trend is expected to continue over the forecast period.
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