Glycopeptide antibiotics Market Application,Trends, Demand, Growth, Challenges and Competitive Outlook
Glycopeptide antibiotics Market report endows with the data and statistics on the current state of the industry which directs companies and investors interested in this market. Because businesses can accomplish great benefits with the different and all-inclusive segments covered in the market research report, every bit of market that can be included here is tackled carefully. This market research report provides the best answers to many of the critical business questions and challenges. Competitive analysis studies of the Glycopeptide antibiotics Market survey report provides with the ideas about the strategies of key players in the market.
Data Bridge Market Research analyses a growth rate in the glycopeptide antibiotics market in the forecast period 2023-2030. The expected CAGR of glycopeptide antibiotics market is tend to be around 10% in the mentioned forecast period. The market was valued at USD 3.07 billion in 2022, and it would grow up to USD 6.6 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Definition
Glycopeptide antibiotics are the kind of antibiotic which obstructs bacterial cell wall formation by restricting peptidoglycan synthesis. They are widely used for the treatment of multi-resistant Staphylococcus aureus (MRSA) infections and other enterococcal infections, which are unaffected to beta-lactams and other antibiotics. They are also used in cases where there is an allergy to beta-lactams.
Key players operating in the glycopeptide antibiotics market include:
- ANI Pharmaceuticals, Inc. (U.S.)
- Fresenius SE & Co. KGaA (Germany)
- Pfizer Inc (U.S.)
- Mylan N.V. (U.S.)
- Novartis AG (U.S.),
- Hikma Pharmaceuticals plc (U.K.)
- Aurobindo Pharma (India)
- Abbvie, Inc (U.S.)
- Melinta Therapeutics, Inc (U.S.)
- Cumberland Pharmaceuticals Inc (U.S.)
- Theravance Biopharma (U.S.)
- Janssen Global Services, LLC (U.S.)
- Bristol-Myers Squibb Company (U.S.)
- GSK plc. (U.K.)
- Bayer AG (U.S.)
Drivers
- Rising Cases of Cancer and Infectious Diseases
Growing cancer and other infectious diseases are anticipated to boost the market growth during the forecast period 2023-2030. For instance, according to the CDC reports U.S, 1,752,735 new cancer cases combined with 599,589 deaths were observed in 2019. Additionally, according to the records of Globocan 2020, U.K., around 457,960 new cases with 179,648 deaths were reported in 2020. As per the reports, the most common types of malignancies observed were breast, prostate cancer and Non-Hodgkin’s lymphoma. Thus, this growing incidence is demanding higher rate of antibiotics and thus boosting the market growth.
- Increased Collaborations and Acquisitions
Several collaborations associated with the glycopeptide antibiotics are increasing the market growth. For instance, AbbVie Inc got U.S. FDA approval for DALVANCE in July 2021 for the treatment of acute bacterial skin and other skin structure infections in pediatric patients since birth. Additionally, Sandoz International GmbH launched Daptomycin injection 500 mg, in the U.S. market in July 2020, for treating complicated skin and skin structure infections and numerous type of bloodstream infections. Thus, it boost the market growth.
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Glycopeptide Antibiotics Market Scope
Drugs
- Vancomycin
- Dalbavancin
- Oritavancin
- Others
Indication
- Skin and Structure Infection
- Meningitis
- Clostridioides Difficile Infection
- Enterocolitis
- Others
Route of Administration
- Oral
- Parenteral
- Others
End-Users
- Hospitals
- Specialty Clinics
- Homecare
- Others
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
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