The macrolides market is projected to register a CAGR of 2% during the forecast period, up from USD 38 Billion in 2021 to reach a valuation of USD 47.3 Billion 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) | USD 38 Billion |
| Expected Market Value (2022) | USD 38.8 Billion |
| Anticipated Forecast Value (2032) | USD 47.3 Billion |
| Projected Growth Rate (2022 to 2032) | 2% CAGR |
Sales of macrolides are expected to rise significantly. In addition to this, sales of macrolides are rising on account of USD 42 Billion by 2026. Increasing demand for macrolides 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.
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 macrolides market share
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.
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.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 2% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 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 | USA, Canada, Mexico, Germany, UK, 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. |
The macrolides market is predicted to register a CAGR of 2% during the forecast period.
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.
As per the analysis, the macrolides market share is likely to be US$ 42 Bn by 2026.
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.
Macrolides Market
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