Feb 11, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Cephalosporin Market.
It was estimated prior to this unanticipated outbreak that the
projected to grow from USD 13.89 billion in 2020 to USD 16.35 billion by 2026 at a CAGR of over 2.8% during the forecast period. Cephalosporin is a bactericidal and β-lactam antibiotic mainly derived from the fungus Acremonium that is used to treat bactericidal infections such as skin infections, pneumonia, tonsillitis, strep throat, gonorrhoea, staph infections, and bronchitis among others. It inhibits enzymes in the cell wall of the susceptible bacteria and disrupts the cell synthesis. Cephalosporin is majorly designated for prophylaxis as well as for the treatment of infections caused by bacteria.
The growing prevalence of infectious diseases and the increase in funding for the development of antibiotics are some of the key factors bolstering the product demand. Additionally, the surge in R&D activities for the production of combination drugs and the rising demand for antibacterial further augment the market growth. Moreover, the discovery of innovative prospect molecules and the introduction of novel combination therapies to treat antibiotic-resistant infections are likely to provide lucrative opportunities to the industry participants. However, the side effects of cephalosporin are likely to hinder the industry expansion.
By type, the cephalosporin market has been segmented into branded and generic.
Under these, the generic segment held a considerable market share in 2020 and is likely to register the fastest CAGR during the review period.
This is mainly attributed to the easy availability of drugs at a lower cost when compared to branded drugs.
Also, the pharmacological effects of generic drugs are almost the same as those of their brand-name equivalents.
By region, the Asia Pacific market witnessed the highest market share in 2020 and is estimated to grow at a substantial CAGR during the assessment period.
This is mainly ascribed to the rise in consumption of cephalosporin, upsurge in demand for over-the-counter drugs, easier availability, and increasing bacterial infections in the Asia Pacific.
Moreover, growing healthcare expenditure and improving standards of living with large population growth further boosts the regional growth.
Key players operating in the global cephalosporin market are-
Aristo Pharmaceuticals Ltd (India),
Baxter International (The U.S.),
F. Hoffmann-La Roche AG (Switzerland),
GlaxoSmithKline PLC (UK),
Lupin Pharmaceuticals Inc. (India),
Macleods Pharmaceuticals Ltd (India),
Mankind Pharma (India),
Merck & Co. Inc. (The U.S.),
Pfizer Inc. (The U.S.),
Teva Pharmaceutical Industries Ltd. (Israel).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Cephalosporin analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors
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