The macrolides market is projected to register a CAGR of 2% during the forecast period, up from US$ 38 Bn in 2021 to reach a valuation of US$ 47.3 Bn by 2032.
The macrolides market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfil the demand for macrolides making them more accessible to customers in the global macrolides market.
Macrolides are a class of antibiotics produced by various strains of Streptomyces, a spore-forming bacterium that grows slowly in water or soil as a branching filamentous mycelium (similar to fungi) and has a complicated chemical composition.
Macrolides have been suggested as a treatment option for pneumococcal and streptococcal infections when penicillin is not available hence increasing the demand for macrolides in the market.
Report Attribute
Details
Estimated Base Year Value (2021)
US$ 38 Billion
Expected Market Value (2022)
US$ 38.8 Billion
Anticipated Forecast Value (2032)
US$ 47.3 Billion
Projected Growth Rate (2022-2032)
2 % CAGR
Sales of macrolides are expected to rise significantly. In addition to this, sales of macrolides are rising on account of US$ 42 Bn by 2026. Increasing demand formacrolides is also projected to contribute to the growth of the macrolides market share.
Macrolides have further clinical use against Haemophilus, Legionella, Corynebacterium, Clostridium, and Listeria. Macrolides suppress protein synthesis in bacteria by binding reversibly to the P site of the ribosome's 50S unit. Macrolides are predominantly active against intracellular pathogens and gram-positive cocci such as chlamydia, mycoplasma, and legionella.
Manufacturers in the macrolides market get a big platform from which to serve the whole demand for macrolides. The worldwide macrolides market is seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for macrolides more accessible to customers.
Eli Lilly and Company, Sanofi S.A., Merck & Co., Inc., Pfizer, Inc., Akorn Inc., Abbott Laboratories, Fresenius Kabi USA, LLC, Sandoz International GmbH, Neo Química, Mylan N.V., Wockhardt Ltd., Merck Sharp & Dohme Corp. and Gland Pharma Limited are some of the leading participants in the macrolides market.
What are the Key Drivers to the Macrolides Market Share?
Macrolide antibiotics are a well-established class of antimicrobial agents that have played a significant role in the chemotherapy of infectious diseases and other bacterial diseases. As a result of the increasing bacterial infection across the globe hence sales of macrolides agents aid in the fight against various bacterial infections due to demand for macrolides is increasing.
Additionally, with the rise of multidrug-resistant bacterial strains and the added advantages of sales of macrolides over standard antibiotics, macrolides have been found to be more effective. This element contributes to the sales of macrolides in the present market.
Additionally, reduced government participation in the approval of patents in the drug or pharmaceutical sector resulted in a shorter term of patent exclusivity for new drug applications in the pharmaceutical industry, which boosted the sales of macrolides in a number of locations throughout the world.
It is discovered that individuals are becoming more health concerned and protective of their health in comparison to the past. This expanding patient knowledge, health consciousness, and increased medical spending all contribute to the sales of macrolides in both established and emerging areas.
Thus, occasionally, owing to overdosing or the use of expired macrolides, customers' livers may be harmed. This side effect may have a negative impact on the sales of macrolides, which may act as a restraint on demand for macrolides during the forecasted period.
However, this is a minor issue that manufacturers can address by raising consumer awareness and educating them about the expiry date and the negative consequences of using expired macrolides where we can minimize negative consequences and also assist firms in improving the macrolidesmarket share
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Which Region holds the Highest Growth Potential in the Macrolides Market?
The worldwide macrolides market may be split geographically into North America, Asia Pacific (APAC), Europe, Latin America, the Middle East and Africa, and the Rest of the World (RoW), where it has been discovered that the Asia Pacific is currently leading the demand for macrolides market, followed by North America.
These areas are projected to maintain their current positions with demand for macrolides during the projection period. Due to a lack of understanding about macrolides and their advantages, the Middle East and Africa are expected to have low sales of macrolides in the macrolides market.
Apart from this, Latin America is a significant region where we may anticipate moderate growth with strong demand for macrolides during the projection time.
How is the Competitive Landscape in the Macrolides Market?
Eli Lilly and Company, Sanofi S.A., Merck & Co., Inc., Pfizer, Inc., Akorn Inc., Abbott Laboratories, Fresenius Kabi USA, LLC, Sandoz International GmbH, Neo Química, Mylan N.V., Wockhardt Ltd., Merck Sharp & Dohme Corp. and Gland Pharma Limited are some of the leading participants in the macrolides market.
Find your sweet spots for generating winning opportunities in this market.
Recent developments of the Macrolides Market
Zoetis (US) bought Trianni Inc. (US) in 2020 with the purpose of developing transgenic monoclonal antibody platforms for the development of an innovative macrolidesmarket.
Acquiring Marboquin was approved by the FDA in 2020 by Zoetis (US).
Elanco (US) and AgBiome partnered in 2019 to create nutritional health products for porcine animals.
Elanco Animal Health (US) announced the purchase of Bayer's macrolidesmarket in 2019, therefore diversifying its companion animal business and portfolio by achieving a balance between food animal and companion animal sectors.
Boehringer Ingelheim (Germany) purchased Sanofi's Health division (Merial) in 2019, while Sanofi acquired Boehringer Ingelheim's Consumer Healthcare (CHC) division. BI became the world's second-largest macrolidesmarket with the acquisition of Merial.
Scope of Report
Report Attribute
Details
Growth rate
CAGR of 2% from 2022 to 2032
Base year for estimation
2021
Historical data
2015 - 2020
Forecast period
2022 - 2032
Quantitative units
Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032
Report coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered
Form, type, region
Regional scope
North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope
U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled
Eli Lilly and Company
Sanofi S.A.
Merck & Co., Inc.
Pfizer, Inc.
Akorn Inc.
Abbott Laboratories
Fresenius Kabi USA, LLC
Sandoz International GmbH
Neo Química
Mylan N.V.
Wockhardt Ltd.
Merck Sharp & Dohme Corp.
Gland Pharma Limited
Customization scope
Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail of customized purchase options to meet your exact research needs.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Frequently Asked Questions
What is the Growth Outlook for the Macrolides Market?
The macrolides market is predicted to register a CAGR of 2% during the forecast period.
Who are the Key Players in the Macrolides Market?
Key players holding substantial macrolides market share include Eli Lilly and Company, Sanofi S.A., Merck & Co., Inc., Pfizer, Inc., Akorn Inc., Abbott Laboratories, Fresenius Kabi USA, LLC, Neo Química and many more.
What is the Future of the Macrolides Market?
As per the analysis, the macrolides market share is likely to be US$ 42 Bn by 2026.
Which is the Key Driver in the Macrolides Market?
Additionally, with the rise of multidrug-resistant bacterial strains and the added advantages of sales of macrolides over standard antibiotics, macrolides have been found to be more effective.
