Penicillin Market Pegged for Robust Expansion by 2026
NOV 03,2021/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 Penicillin Market.
The Penicillin Market is expected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over x% during the forecast period.
Penicillin is an antibiotic derived from the fungal mold Penicillium notatum. It is used to treat infection from various bacteria’s including streptococcus pneumonia, Neisseria gonorrhoea, clostridium, listeria, peptococcus, and peptostreptococcus.
Market Dynamics
The growth of the global penicillin market is primarily driven by an increasing number of people suffering from infectious diseases such as pneumonia, syphilis, and gonorrhoea.
• Growing emphasis on organizing awareness campaigns by both private companies and government to control bacterial infectious diseases is likely to add to the market growth substantially.
• An adverse side effect associated with consuming antibiotics such as allergic reactions, hypersensitivity reactions, anaphylaxis, and rashes among others is likely to hamper the market growth during the review period.
Segment Analysis
Distribution Channel Trends
Based on distribution channels, the penicillin market has been categorized into hospital pharmacies, retail pharmacies, and online pharmacies.
• The hospital pharmacies segment accounted for the largest market share in 2020 as most of the consumers prefer to buy medicines from the pharmacies available in hospitals.
• The online pharmacies segment is expected to register a healthy growth rate during the review period.
Regional Trends
Geographically, the market in North America accounted for the largest market share in 2020 owing to the increasing prevalence of urinary tract infections and sexually transmitted diseases among consumers. Additionally, increased spending on R&D activities to develop advanced solutions is likely to propel market growth at a significant rate in the region.
Key Players:
• Pfizer, Inc (The U.S),
• Sanofi S.A. (France),
• Toyama Chemical Co., Ltd. (Japan),
• Novartis International AG (Switzerland),
• GlaxoSmithKline plc (UK),
• Merck & Co., Inc. (The U.S),
• Astellas Pharma Inc. (Japan),
• Johnson & Johnson (The U.S),
• Bayer AG (Germany),
• Abbott Laboratories (The U.S), and
• F. Hoffmann-La Roche AG (Switzerland).
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 Penicillin Market 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
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
You can mail our sales team at (sales@stratviewresearch.com) and get in touch with us on +1-313-307-4176 to share your research requirements.
About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.
The Penicillin Market is expected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over x% during the forecast period.
Penicillin is an antibiotic derived from the fungal mold Penicillium notatum. It is used to treat infection from various bacteria’s including streptococcus pneumonia, Neisseria gonorrhoea, clostridium, listeria, peptococcus, and peptostreptococcus.
Market Dynamics
The growth of the global penicillin market is primarily driven by an increasing number of people suffering from infectious diseases such as pneumonia, syphilis, and gonorrhoea.
• Growing emphasis on organizing awareness campaigns by both private companies and government to control bacterial infectious diseases is likely to add to the market growth substantially.
• An adverse side effect associated with consuming antibiotics such as allergic reactions, hypersensitivity reactions, anaphylaxis, and rashes among others is likely to hamper the market growth during the review period.
Segment Analysis
Distribution Channel Trends
Based on distribution channels, the penicillin market has been categorized into hospital pharmacies, retail pharmacies, and online pharmacies.
• The hospital pharmacies segment accounted for the largest market share in 2020 as most of the consumers prefer to buy medicines from the pharmacies available in hospitals.
• The online pharmacies segment is expected to register a healthy growth rate during the review period.
Regional Trends
Geographically, the market in North America accounted for the largest market share in 2020 owing to the increasing prevalence of urinary tract infections and sexually transmitted diseases among consumers. Additionally, increased spending on R&D activities to develop advanced solutions is likely to propel market growth at a significant rate in the region.
Key Players:
• Pfizer, Inc (The U.S),
• Sanofi S.A. (France),
• Toyama Chemical Co., Ltd. (Japan),
• Novartis International AG (Switzerland),
• GlaxoSmithKline plc (UK),
• Merck & Co., Inc. (The U.S),
• Astellas Pharma Inc. (Japan),
• Johnson & Johnson (The U.S),
• Bayer AG (Germany),
• Abbott Laboratories (The U.S), and
• F. Hoffmann-La Roche AG (Switzerland).
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 Penicillin Market 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
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
You can mail our sales team at (sales@stratviewresearch.com) and get in touch with us on +1-313-307-4176 to share your research requirements.
About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.
2021-11-03 14:02
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