The global antibiotics market is experiencing significant growth, driven by the rising prevalence of bacterial infections and the increasing demand for effective treatments.The global antibiotics market plays a critical role in modern medicine, forming the backbone of bacterial infection treatment worldwide. Despite challenges such as rising antimicrobial resistance (AMR) and slowed development pipelines, antibiotics remain essential to public health systems globally.
The global antibiotics market was valued at USD 39.73 billion in 2023 and is projected to increase from USD 40.66 billion in 2024 to USD 51.88 billion by 2032, registering a compound annual growth rate (CAGR) of 3.1% during the forecast period. In 2023, North America held the largest market share at 45.08%.This growth is attributed to factors such as the development of advanced products, supportive government legislation, and the increasing burden of infectious diseases worldwide.
In March 2024, Wockhardt announced that its investigational antibiotic under-trial drug, Zidebactam/Cefepime, depicted successful results in treating a highly drug-resistant skull bone infection and pneumonia in a renal transplant patient. This development underscores the ongoing efforts to combat antibiotic-resistant infections and the importance of innovation in the antibiotics market.
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