The global topical antibiotic pharmaceutical market is projected to reach US$ 6.5 billion by 2030, at a CAGR of 2.8%
Wilmington, Nov. 22, 2023 (GLOBE NEWSWIRE) — Global Topical Antibiotic Pharmaceutical Market size is valued at US$ 5.4 billion in 2023 and is predicted to rise at a substantial CAGR of 2.8% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
The factors contributing to the growth of the market include the increasing prevalence of skin infections, growing antibiotic resistance, rising awareness of hygiene and infection prevention, and increasing healthcare expenditure. Skin infections, such as bacterial dermatitis, acne, impetigo, and cellulitis, are common conditions affecting a significant portion of the global population. The rise in the incidence of these infections drives the demand for topical antibiotic pharmaceuticals, which are effective in treating localized infections.
Further, Antibiotic resistance is a major global health concern, and it has become more prevalent in recent years. Topical antibiotics play a crucial role in combating localized infections and minimizing the risk of systemic antibiotic resistance. The need for alternative treatment options due to antibiotic resistance drives the demand for topical antibiotics.
- According to a deep-dive market assessment by RationalStat, the topical antibiotic pharmaceutical market has been analyzed based on market segments, including type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the topical antibiotic pharmaceutical market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the topical antibiotic pharmaceutical market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Topical Antibiotic Pharmaceutical Market: Segmental and Market Share Analysis
- Based on type, the ointments and creams segment is expected to capture the major share of the marker as they have higher effectiveness and have easier application.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 5.4 billion |
| Market Size Forecast | US$ 6.5 billion |
| Growth Rate | 2.8% |
| Dominant Segment | Ointments & Creams |
| Leading Region | North America |
| Key Market Drivers | - Increase in healthcare expenditure
- Rising awareness of hygiene
- Technological Improvements
|
| Companies Profiled | - Taro Pharmaceutical Industries Ltd.
- Glenmark Pharmaceuticals Inc.
- GlaxoSmithKline plc.
- Novartis AG
- Almirall, S.A
- Medimetriks Pharmaceuticals, Inc.
- Pfizer Inc.
- Bausch Health Companies Inc
- Mylan N.V.
- Teva Pharmaceutical Industries Ltd.
|
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the topical antibiotic pharmaceutical market growth include Taro Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals Inc., GlaxoSmithKline plc., Novartis AG, Almirall, S.A, Medimetriks Pharmaceuticals, Inc., Pfizer Inc., Bausch Health Companies Inc, Mylan N.V., and Teva Pharmaceutical Industries Ltd., among others.
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RationalStat has segmented the topical antibiotic pharmaceutical market based on type, application, and region
- Global Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Ointment
- Cream
- Suspension
- Powder
- Gel
- Global Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Skin Infection
- Eye Infection
- Bromhidrosis
- Others
- Global Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Latin America Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Topical Antibiotic Pharmaceutical Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
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Key Questions Answered in the Topical Antibiotic Pharmaceutical Report:
- What will be the market value of the topical antibiotic pharmaceutical market by 2030?
- What is the market size of the topical antibiotic pharmaceutical market?
- What are the market drivers of the topical antibiotic pharmaceutical market?
- What are the key trends in the topical antibiotic pharmaceutical market?
- Which is the leading region in the topical antibiotic pharmaceutical market?
- What are the major companies operating in the topical antibiotic pharmaceutical market?
- What are the market shares by key segments in the topical antibiotic pharmaceutical market?
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RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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