Transparency Market Research (TMR) has published a new report titled, ‘Antibacterial Drugs Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global antibacterial drugs market was valued at US$ 46.37 Bn in 2018 and is projected to expand at a CAGR of 1.5% from 2019 to 2027. Overview
An antibiotic is a type of antimicrobial substance active against bacteria and is the most important type of antibacterial agent for fighting bacterial infections. Antibiotic medications are widely used in the treatment and prevention of such infections. Antibacterial drugs stop bacterial infections in two ways: they prevent bacteria from dividing and increasing in number, or they kill the bacteria North America dominated the global antibacterial drugs market in 2018 and the trend is anticipated to continue during the forecast period. Highly structured health care industry, increasing prevalence of infectious diseases, and introduction of the novel products are expected to drive the market in North America. Asia Pacific is likely to be a highly lucrative market and it is expected to expand at a high CAGR during the forecast period due to increasing patient population, initiatives by the government in healthcare sector, rising geriatric population and growing incidence of infectious diseases
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=1567 Various Growth Strategies, such as Product Launch & Approvals, Acquisitions, Collaborations, etc. to Drive Market
In November 2019, Allergan plc (AGN) announced the U.S. Food and Drug Administration (FDA) has granted Qualified Infectious Disease Product (QIDP) Designation and Fast Track Designation for ATM-AVI (aztreonam and avibactam), for the treatment of complicated intra-abdominal infections (cIAI), complicated urinary tract infections (cUTI), and hospital-acquired bacterial pneumonia (HABP)/ventilator-associated bacterial pneumonia (VABP). ATM-AVI is an investigational, fixed-dose, intravenous combination antibiotic under development globally. In May 2019, Civica Rx, a nonprofit drug company, announced that it had entered in an agreement with a Danish drugmaker Xellia Pharmaceuticals to make available injected forms of vancomycin and daptomycin, two antibiotics that are often in short supply. In January 2019, Locus Biosciences Inc., a biotechnology company developing precision antibacterial therapies, announced that it has entered into an exclusive collaboration and license agreement with Janssen Pharmaceuticals, Inc. (Janssen), one of the companies of Johnson & Johnson, to develop, manufacture and commercialize CRISPR-Cas3-enhanced bacteriophage ("crPhage™") products targeting two key bacterial pathogens for the potential treatment of infections of the respiratory tract and other organ systems.
B-lactam Segment to Dominate Market
Based on drug class, the global antibacterial drugs market is classified into B – lactams, quinolones, macrolides, tetracycline, aminoglycoside, sulfonamide, phenicols, and others. The BLactam segment dominated the antibacterial drugs market with the largest market share in 2018